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Peter,
There have been some changes in this indicator since I started
taking a course on Andrews techniques from:
PitchforkPrimer <gordon@xxxxxxxxxxxxxxxxxxx>
and I am sure there will be others before I get through. One in
particular is the 0-3/4 fork which I had not heard of before.
Using this indicator you must have sufficient data points and you
must have maxbarsback determination set to automatic -- not user
defined.
There are problems at times plotting the parallel lines -- not
quite parallel but that is because of the way Omega does things.
You can use multiple sets with different time frames and it works
well.
The following is the frontend documentation and .ela is attached.
This was written for TS5.0 and may be close (or over) memory limits
for TS4.0 -- no I don't intend to retrofit if it is out.
Some of you who know Andrews techniques might post some examples
using this indicator so we can all benefit. I can make the
indicator but do not have the experience to recommend how to
(or in fact if) use it.
Clyde Lee
{
********************************************************************
Study : LOS+AndrewsPitchfork
Last Edit : 03/07/99
Provided By : Clyde Lee@xxxxxxxxxxxxxxxx (c) 1998,1999
: 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.
This is an enhancement?? of the original LengthOfSwing
indicator which has added an input parameter
AndrColo which when entered causes the system to
perform normally and add the last two "pitchforks"
which can be drawn with the swings picked by LOS.
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. }
NumFork(3), {Number of Pitchforks to generate 3=max }
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..}
{set to zero for no channels -- advised }
PlotTru(False), {True=show where TP'S were determined. }
Plot034(False), {Plot a 0/3-4 fork plus 2/3-4 fork(s) }
ChanColr(1.0), {Do Channel plots in this color }
{Tool_Black=1, Tool_Blue=2, Tool_Cyan=3 }
{Tool_Green=4, Tool_Magenta=5, Tool_Red=6 }
{Tool_Yellow=7,Tool_White=8, }
{Tool_DarkBlue=9, Tool_DarkCyan=10, }
{Tool_DarkGreen=11, Tool_DarkMagenta=12, }
{Tool_DarkRed=13, Tool_DarkYellow=14, }
{Tool_DarkGray=15, Tool_LightGray=16 }
{Decimal portion multiplied by 10 is the }
{width of channel lines. }
AndrColr(4.1), {Do Andrews Pitchfork plots in this color }
{Set value to 2 less than ChanColor. }
{Decimal portion multiplied by 10 is width}
{of line for plotting median and parallels}
{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 }
--
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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\Los_andr.ela"
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