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Good idea, Kevin. ATR-based volatility (instead of fixed % moves)
makes sense to me.
If I get a chance, I'll take a look at putting some code together.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Kevin Barry <kevin_barry@xxx>
wrote:
>
> Hello Jose,
>
> What about using a measure of volatility for the parameters as
> (I assume) we are looking for a percentage rise/fall outside of the
> 'normal' trading range rather than an absolute percentage.
>
> Regards,
> Kevin
>
>
>
> At 06:43 15/09/2006 +0000, you wrote:
>
> Thanks Khalid, Mark, aserr_98, for your kind feedback. :)
>
> The "Hi drop / Lo rise.." indicator shows some interesting signals
> on some charts, picking some very nice bottoms.
>
> The trick would be in adjusting the rise/fall percentages to match
> each chart, without curve-fitting. There is a yet-to-be-coded self-
> adjusting methodology waiting for this potentially profitable
> strategy. ;)
>
> jose '-)
> http://www.metastocktools.com
>
>
>
>--- In equismetastock@xxxxxxxxxxxxxxx, "Khalid Masood"
> <dr_khalidmasood@> wrote:
>
> Hi Jose,
>
> In response to aserr_98 query, you have done an excellent coding.
> Keep it up. I needed it also.
>
> Thanks
>
> Regards
> Khalid.
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@>
> wrote:
>
> The 25% drop in 50 days example is probably unrealistic - let's
> begin with 10% as a default.
>
> Try something along the lines of this basic indicator:
>
>
> ==============================
> Hi drop / Lo rise Long signals
> ==============================
> ---8<--------------------------------
>
> { Hi drop / Lo rise Long signals v1.0
> http://www.metastocktools.com }
>
> { User inputs }
> per1:=Input("% drop from HHV",0,100,10)/100;
> per2:=Input("% rise from LLV",.0001,100,5)/100;
> pds:=Input("HHV/LLV lookback periods",1,252,50);
> plot:=Input("plot: [1]Entry Signals, [2]Chart Levels",1,2,1);
>
> { Hi/Lo thresholds }
> hiDrop:=Ref(HHV(H,pds)*(1-per1),-1);
> loRise:=Ref(LLV(L,pds)*(1+per2),-1);
>
> { Setup }
> setup:=C<hiDrop;
>
> { Signal }
> signal:=setup AND Cross(C,loRise);
>
> { Plot signals in own window, levels on chart }
> If(plot=1,0,hiDrop);
> If(plot=1,signal,loRise)
>
> ---8<--------------------------------
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, aserr_98 <no_reply@> wrote:
>
> Hi Jose,
> Let's suppose the higher high or close on the last 50 days,and
> then the stock came down 25% from the high, and start climb again
> and reaches 5% from the last low. I'm trying buy stocks which
> fall at least 25% and starting go up again, at least i'm buying 25%
> cheaper then before. (stock reach $100 a share, then fall to $75 or
> less and then go up again to $80, my signal to buy).
>
> Thanks
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