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Yacov,
Question 1: True green only will be displayed if the parameter
PLOTTRU is set to a value of true.
Question 2: Broken lines are "channel" lines which some find to
be excellent stoploss or entry/reversal zones.
Question 3: See the attached for one possible use of LOS2 indicator.
You will get a much greater appreciation for a market if you will
examine it with several different lengths for these indicators.
Clyde Lee
yacov wrote:
>
> Hi Clyde,
> I could really use some help and am hoping that if you have a moment you can
> assist me. I am not fully understanding this system. A couple questions: 1.
> On the length of swing the"true"green indicator is not showing up on the
> chart? 2. Are the broken lines protective stop points? 3. Can you explain
> the "length of swing" line graph on the bottom of the screen. Can you send
> me a chart that you have used with the system. I want to make sure that I am
> viewing it correctly. Thanks Yacov
>
> -----Original Message-----
> From: Clyde Lee <clydelee@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Wednesday, November 18, 1998 3:09 PM
> Subject: GEN - LengthOfSwing Indicator
>
> >Traders,
> >
> >Sometimes me and compilers do not get along too well.
> >
> >I keep trying to use a SIGNED ZERO value and it seems in
> >EL that does not work as is true with most compilers.
> >
> >Because of this the version of LengthOfSwing that you have
> >will quite often not carry the projections to the end of
> >the data -- sometimes it will.
> >
> >The attached version will!
> >
> >Additionally I have included an indicator LengthOfSwing2
> >which is a "conventional" type of indicator that will
> >plot the average length in bars or average price difference
> >of each Upgoing and each Downgoing leg.
> >
> >Documentation below will help those with SuperCharts.
> >
> >Don't forget to DELETE LengthOfSwing indicator from
> >your TS or SC program (use the QuickEditor) before
> >installing this current version.
> >
> >Clyde Lee
> >
> >I apologize for my lack of clear thinking!
> >
> >cl
> >
> >
> >
> >
> >
> >
> >
> >{*********************************************************************
> >
> > Study : LengthOfSwing
> >
> > Last Edit : 11/07/98
> >
> > Provided By : Clyde Lee (c) 1998
> > : This version shall not be distributed
> >without
> > : The written consent of the author.
> >
> > Notes: Uses Swing_Lee function which uses
> > HighestHigh and LowestLow for n days
> > to determine Turning Points for Swing Analysis.
> >
> > Set ATRMult to value which fits risk
> > desired relative to current swing
> > position.
> >
> > User may select to plot TRUE turning points
> > (i.e. actual dates when TP was determined).
> > User may or may not have channels generated.
> > User may or may not have end extensions plotted.
> >
> >*********************************************************************}
> >
> >Input: EndDate(991231), {Used to study behavior of
> >indicator in }
> > {the past. Set to earlier date
> >to see. }
> > NumBars(13), {Determines what "strength" of a
> >swing to }
> > {use for determining turning
> >points. }
> > ATRMult(-1), {Sets channel width. If set to
> >ANY }
> > {NEGATIVE value width determined
> >by NumB..}
> > PlotTru(False), {True=show where TP'S were
> >determined. }
> > DoChan(True), {False=No channel lines
> >plotted. }
> > {Omega only allows 650
> >"trendlines" to be }
> > {plotted so it may be necessary
> >to turn }
> > {off channel lines with small
> >NumBars }
> > ExtProj(True); {False=don't extend last channel
> >lines }
> >
> >
> >
> >
> >
> >
> >
> >{*********************************************************************
> >
> > Study : LengthOfSwing2
> >
> > Last Edit : 11/07/98
> >
> > Provided By : Clyde Lee (c) 1998
> > : This version shall not be distributed
> >without
> > : The written consent of the author.
> >
> > Notes: Uses Swing_Lee function which uses
> > HighestHigh and LowestLow for n days
> > to determine Turning Points for Swing Analysis.
> >
> > Plots average length of up and down legs on
> > seperate plot.
> >
> >
> >*********************************************************************}
> >
> >Input: NumBars(13), {Determines what "strength" of a
> >swing to }
> > {use for determining turning
> >points. }
> > LengAvg(5), {Sets channel width. If set to
> >ANY }
> > PlotBars(True); {Set false to plot price
> >difference H-L }
> >
> >
> >
> >
> >--
> >- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> >Clyde Lee Chairman/CEO (Home of SwingMachine)
> >SYTECH Corporation email: <clydelee@xxxxxxx>
> >7910 Westglen, Suite 105 Work: (713) 783-9540
> >Houston, TX 77063 Fax: (713) 783-1092
> >SM available at: ftp://intrepid.com/pub/clyde
> >- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
--
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
SM available at: ftp://intrepid.com/pub/clyde
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Attachment Converted: "c:\eudora\attach\LOS21121.gif"
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