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N,
A lot of thoughts on this and a definition of mostly would be
helpful.
The basics of your exploration would be:
Column A:
AroonUp(20)> 70
Column B:
AroonDown(20)< 30
Once you have figured out the mostly you can place it in the filter.
Maybe alert would work for you.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, Nand Rathi <nand_rathi@xxx>
wrote:
>
> Preston
>
> Thanks for the reply.
>
> I see aroonup and aroondown functions available in MS too.
>
> I want to write an explorer routine which will produce the list of
securities as per the criteria below. How would I program this in MS
please..
>
> In the last 20 days (bars), Aroonup has been MOSTLY between 70 and
100
> AND
> Aroondown has been MOSTLY between 0 and 30
>
> It is the "Mostly" part which I have been struggling
>
> Appreciate your help very much
>
> Regards
> N
>
> ----- Original Message ----
> From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Wednesday, April 2, 2008 6:54:20 AM
> Subject: [EquisMetaStock Group] Re: Need some help about how to
write MS Code for a rule using Aroon ...
>
> N,
>
> Basically, Aroon is a day or bar counter. If you are using EOD then
a
> week is 5 days. The Aroon will look over the last number of days
and
> tell you how many are up if you are using the Aroon Up indicator.
> Remember that an uptrend is made up of higher highs and higher
lows.
> You would expect the Aroon Up to be above 70 percent.
>
> I am afraid that "Persistently" is a matter of personal taste
> dependant on your trading style.
>
> Here's some information that you may find useful.
>
> {Aroon}
> D:=Input("Periods" ,1,999,14) ;
> 100*(D-HHVBars( H,D+1))/D; {Up}
> 100*(D-LLVBars( L,D+1))/D; {Down}
>
> Another formula can be found here:
>
> http://trader. online.pl/ MSZ/e-w-Aroon_ Indicators. html
>
> FROM THE HELP FILES:
>
> The Aroon indicator was developed by Tushar Chande. Aroon is
> Sanskrit word meaning "dawn's early light" or the change from night
> to day. The Aroon indicator allows you to anticipate changes in
> security prices from trending to trading range. For more
information
> on the Aroon indicator see the article written by Tushar Chande in
> the September 1995 issue of Technical Analysis of Stocks &
> Commodities magazine.
> These changes are anticipated by measuring the number of periods
that
> have passed since the most recent x-period high and x-period low.
> Therefore, the Aroon indicator consists of two plots; one measuring
> the number of periods since the most recent x-period high (Aroon
Up)
> and the other measuring the number of periods since the most recent
x-
> period low (Aroon Down).
>
> The actual plotted value is a "stochastic" like scale (see
Stochastic
> Oscillator) ranging from 0 to 100. Assuming a default time-period
of
> 14 days, if a security makes a new 14-day high, the Aroon Up = 100;
> when the security makes a new 14-day low, the Aroon Down = 100.
When
> the security has not made a new high for 14 days, the Aroon Up = 0;
> when the security has not made a new low for 14 days, the Aroon
Down
> = 0.
> As explained in the interpretation section for the VHF indicator
(see
> Vertical Horizontal Filter) the age-old problem for many trading
> systems is their inability to determine if a trending or trading
> range market is at hand. Trend-following indicators such as MACD
and
> moving averages, tend to be whipsawed as markets enter a non-
trending
> congestion phase. On the other hand, overbought/oversold
oscillators
> (which work well during trading range markets) tend to overreact to
> price pull-backs during trending markets?thereby closing a position
> prematurely. The Aroon indicator attempts to remedy this by
helping
> you determine when trend-following or overbought/oversold
indicators
> are likely to succeed.
>
> Interpretation:
>
> There are basically three conditions that you look for when
> interpreting the Aroon indicator: extremes at 0 and 100, parallel
> movement between Aroon Up and Aroon Down, and crossovers between
> Aroon Up and Aroon Down.
> Extremes. When the Aroon Up line reaches 100, strength is
> indicated. If the Aroon Up remains persistently between 70 and
100,
> a new uptrend is indicated. Likewise if the Aroon Down line
reaches
> 100, potential weakness is indicated. If the Aroon Down remains
> persistently between 70 and 100, a new downtrend is indicated.
>
> A strong uptrend is indicated when the Aroon Up line persistently
> remains between 70 and 100 while the Aroon Down line persistently
> remains between 0 and 30. Likewise a strong downtrend is indicated
> when the Aroon Down line persistently remains between 70 and 100
> while the Aroon Up line persistently remains between 0 and 30.
> Parallel Movement. When the Aroon Up and Aroon Down Lines move
> parallel with each other (are roughly at the same level), then
> consolidation is indicated. Expect further consolidation until a
> directional move is indicated by an extreme level or a crossover.
>
> Crossovers. When the Aroon Down line crosses above the Aroon Up
> line, potential weakness is indicated. Expect prices to begin
> trending lower. When the Aroon Up line crosses above the Aroon Down
> line, potential strength is indicated. Expect prices to begin
> trending higher.
>
>
> Hope thiss helps,
>
> Preston
>
> --- In equismetastock@ yahoogroups. com, "nand_rathi"
<nand_rathi@ ...>
> wrote:
> >
> > Hello All
> >
> > Greetings
> >
> > I need help in how to program the following interpretation (MS 9.1
> > EOD, Page 448, Aroon, Interpretation: Extreme) For Ref here is the
> > paragraph..
> >
> > "A strong uptrend is indicated when the Aroon Up line persistently
> > remains between 70 and 100 while the Aroon Down line persistently
> > remains between 0 and 30. Likewise a strong downtrend is indicated
> > when the Aroon Down line persistently remains between 70 and 100
> while
> > the Aroon Up line persistently remains between 0 and 30."
> >
> > How many periods (Daily and Weekly) are required generally to
define
> > the term "Persistently" ?
> >
> > Also, how to go about developing MS code for such a rule? I
intend
> to
> > use it in explorer.
> >
> > I would appreciate some kind help and/or guidance here.
> >
> > regards
> >
> > N
> >
>
>
>
>
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