Re: J Hook

[robert.cummings@xxxxxxxxxxxxxxxx]

It is appears to be a trend  indicator using GANN but I have never used it.
ELA to follow.
Robert










INPUT:  GannDays(4),SigExpir(50);
VAR:
MarketHigh(-99999),MarketLow(999999),PHi(0),PLo(0),Idx(0),PrevPHiBar(0),PBarCount(0),LowestPLo(0),LowestPLoBar(0),PLoFound(FALSE),Lo2HiDays(0),

TempBuyPrice(0),TempBuyBar(0),TempBuyON(FALSE),PrevPLoBar(0),HighestPHi(0),HighestPHiBar(0),PHiFound(FALSE),Hi2LoDays(0),
         TempSellPrice(0),TempSellBar(0),TempSellON(FALSE);

ARRAY: PHiBar[1500](0),PHiPrice[1500](0),PLoBar[1500](0),PLoPrice[1500](0);



PLoFound=FALSE;
PHiFound=FALSE;

If High>MarketHigh Then {Capture Highest High of Market}
MarketHigh=High
Else
MarketHigh=MarketHigh[1];

If Low<MarketLow Then    {Capture Lowest Low of Market}
MarketLow=Low
Else
MarketLow=MarketLow[1];

If High<High[1] and High[1]>High[2]    {Identify Privot Highs}
Then Begin
PHi=PHi+1; {Pivot High Counter}
PHiBar[Phi]=CurrentBar -1;    {Most Recent Pivot High Bar}
PHiPrice[PHi]=High[1];           {Most Recent Pivot High Price}

If Low>Low[1] and Low[1]<Low[2]
Then Begin
PLo=PLo+1;
PLoBar[PLo]=CurrentBar-1;
PLoPrice[PLo]=Low[1];
End;

If PHiBar[PHi]=CurrentBar -1 and PHiPrice[PHi]<MarketHigh and PHi>1 and
PLo>1
Then Begin
For Idx=PHi-1 DownTo 1
Begin
If PHiPrice[PHi]<PHiPrice[Idx]
Then Begin
PrevPHiBar=PHiBar[Idx];
Idx=1;
End;
End;

PBarCount=PHiBar[PHi]-PrevPHiBar;

If PBarCount>GannDays
Then Begin
LowestPlo=PLoPrice[PLo];
LowestPLoBar=PLoBar[PLo];

For Idx=PLo-1 DownTo 1
Begin

If PLoBar[Idx]>PrevPHiBar
Then Begin
If LowestPLo>PLoPrice[Idx]
Then Begin
LowestPLo=PLoPrice[Idx];
LowestPLoBar=PLoBar[Idx];
PLoFound=TRUE;
End;
End Else
Idx=1;
End;
End;

If PLoFound
Then Begin
Lo2HiDays=PHiBar[Phi]-LowestPLoBar;
If Lo2HiDays>=GannDays and PHiBar[PHi]>TempBuyBar
Then Begin
TempBuyPrice=PHiPrice[PHi];
TempBuyBar=PHiBar[PHi];
TempBuyOn=TRUE;
End;
End;
End;


If TempBuyON
Then Begin
If High<TempBuyPrice and CurrentBar-TempBuyBar<=SigExpir
Then
Plot1(TempBuyPrice+1*MinMove POINT,"Phi")
Else
TempBuyON=FALSE;
End;


If PLoBar[PLo]=CurrentBar-1 and PLoPrice[PLo]>MarketLow and PHi>1 and PLo>1
Then Begin
PBarCount=0;
For Idx=PLo-1 DownTo 1
Begin
If PLoPrice[PLo]>PLoPrice[Idx]
Then Begin
PrevPLoBar=PLoBar[Idx];
PBarCount=PLoBar[PLo]-PrevPLoBar;
Idx=1;
End;
End;

If PBarCount>GannDays
Then Begin
HighestPHi=PHiPrice[PHi];
HighestPHiBar=PHiBar[PHi];
For Idx=PHi-1 DownTo 1
Begin
If PHiBar[Idx]>PrevPLoBar
Then Begin
If HighestPHi<PHiPrice[Idx]
Then Begin
HighestPHi=PHiPrice[Idx];
HighestPHiBar=PHiBar[Idx];
PHiFound=TRUE;
End;
End Else
Idx=1;
End;
End;

If PHiFound
Then Begin
Hi2LoDays=PloBar[PLo]-HighestPHiBar;
If Hi2LoDays>GannDays and PLoBar[PLo]>TempSellBar
Then Begin
TempSellPrice=PLoPrice[PLo];
TempSellBar=PLoBar[PLo];
TempSellOn=TRUE;
End;
End;
End;

If TempSellON
Then Begin
If Low>TempSellPrice and CurrentBar-TempSellBar<=SigExpir
Then Plot2(TempSellPrice-1*MinMove POINT,"PLo")
Else TEMPSellON=FALSE;
End;
End;







At 06:11 AM 7/4/00 -0500, MTG wrote:
>I have seen this term bandied about a great deal and have even seen it
>referred to on the net in several places   can anyone please tell me more
>exactly what it is ???
>Mike