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<DIV><FONT face=Arial size=2>Right you are !</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>It should be:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><FONT face=arial size=2>If Low <
Lowest(Low, 10)<STRONG>[1] </STRONG>and</FONT><BR><FONT face=arial
size=2> Low < Close[1] and<BR> Close > Close[1]
and<BR> volume >= (volume[1] * 1.4) then<BR>
Buy;</FONT><BR> <BR> <BR> <BR> <BR></FONT></DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
jonathan sibley
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:jptaylor@xxxxxxxxxxxxxxx";
title=jptaylor@xxxxxxxxxxxxxxx>jptaylor@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, June 14, 2000 9:57
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] Re: trade this!</DIV>
<DIV><BR></DIV>Just wondering if there is a typo in your code, or if I'm
misunderstanding.<BR><BR>If the current bar has a new 10 period low, isn't the
low, by definition, lower than the previous close (ie, the previous close
couldn't be lower than the previous low).<BR><BR>Thanks.<BR><BR>At 12:12 PM
6/14/00, you wrote:<BR>
<BLOCKQUOTE cite type="cite"><FONT face=arial size=2>top secret ? why ?
gimmeabreak.</FONT><BR> <BR><FONT face=arial size=2>The code is
simply:</FONT><BR> <BR> <BR><FONT face=arial size=2>If Low
< Lowest(Low, 10) and</FONT><BR><FONT face=arial size=2> Low
< Close[1] and<BR> Close > Close[1] and<BR> volume >=
(volume[1] * 1.4) then<BR>
Buy;</FONT><BR> <BR> <BR> <BR> <BR>
<BLOCKQUOTE cite type="cite">----- Original Message ----- <BR><B>From:</B>
Phil Lane <BR><B>To:</B> <A
href="mailto:";>mailto:<realtraders@xxxxxxxxxxxxxxx</A> <BR><B>Sent:</B>
Wednesday, June 14, 2000 8:18 AM<BR><B>Subject:</B> [RT] Re: trade
this!<BR><BR><FONT face=arial size=2>Attached are charts of the Nasdaq
Comp for 8/12/96 and for yesterday. Notice any similarities? Both are cup
and handle structures.</FONT><BR> <BR><FONT face=arial size=2>Several
people have asked me what software I'm using to generate the blue bars.
It's TradeStation 4.0. The exact code is top secret, but it's essentially
just a reversal off a multi-day low on an increase in volume.
</FONT><BR> <BR><FONT face=arial size=2>Boring but true, just like my
web site..</FONT><BR><FONT face=arial size=2>Phil</FONT><BR><FONT
face=arial size=2><A
href="http://www.patterntrader.com";>http://www.patterntrader.com</A></FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Jun 15 09:25:42 2000
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Message-ID: <00af01bfd663$4dd11e40$e006fea9@xxxxxx>
From: "James Taylor" <jptaylor@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
References: <C055AF5D5DD1D2119C2700805F1582F004B750EA@xxxxxxxxxxxxxxx> <03ce01bfd613$bad97780$61c6b4d1@xxxx> <00d301bfd61b$4b4afd50$e006fea9@xxxxxx> <3947F7AD.2C8FB015@xxxxxxxxxxxxxx>
Subject: [RT] Re: trade this!
Date: Wed, 14 Jun 2000 17:46:28 -0700
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<DIV><FONT face=Arial size=2>Probably because the S&P quotes you have don't
have reliable volume numbers.</FONT></DIV>
<DIV><FONT face=Arial size=2>Comment out the part concerning volume and try
again. Your quotes probably just give</FONT></DIV>
<DIV><FONT face=Arial size=2>you somewhat reliable open interest figures, if it
is the futures quotes you are working with.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Here is the code for the paintbar study for this
one. ;D</FONT></DIV>
<DIV><FONT face=Arial size=2>It is expanded to include additional checks for a
few bullish candlestick patterns.</FONT></DIV>
<DIV><FONT face=Arial size=2>I use it, along with additional code (related to
violation of my stop levels, and oversold oscillators), </FONT></DIV>
<DIV><FONT face=Arial size=2>to warn me </FONT><FONT face=Arial size=2>of
possible rebounds in the short positions that </FONT><FONT face=Arial size=2>I
trade. I look for extreme oversold conditions,</FONT></DIV>
<DIV><FONT face=Arial size=2>large, abnormal one day drops, and may lighten
or close that given short position based on</FONT></DIV>
<DIV><FONT face=Arial size=2>the big picture (if it is likely to retrace and has
already tanked enough in a short period of time).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>I track over 60 individual short equity positions
(very diversified) and had to build something that</FONT></DIV>
<DIV><FONT face=Arial size=2>scans my positions for me. Opening charts for
this many symbols is impossible without the help</FONT></DIV>
<DIV><FONT face=Arial size=2>of automated tools. I am almost exclusively
short this market, except long gold and a few oil producers.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>By the way, just because you may get an alert from
this on a given symbol,</FONT></DIV>
<DIV><FONT face=Arial size=2>is not reason enough to 'buy' or 'cover' a
position. You must, of course, look at the total overall</FONT></DIV>
<DIV><FONT face=Arial size=2>chart pattern, taking into account, the long term
trend, key resistance levels, and the fundamentals</FONT></DIV>
<DIV><FONT face=Arial size=2>of the business in question. There was a
study of candlestick patterns presented in a trading book that I read
that</FONT></DIV>
<DIV><FONT face=Arial size=2>tried to see if one could make money </FONT><FONT
face=Arial size=2>by just buying the bullish candlestick patterns, and selling
the bearish ones. </FONT></DIV>
<DIV><FONT face=Arial size=2>You would be amazed at how poor the results
were. </FONT><FONT face=Arial size=2>I can't remember the name
of the book.</FONT></DIV>
<DIV><FONT face=Arial size=2>i.e. trading based on this signal solely is a
recipe for losses, IMHO.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>If anyone out there also specializes (or is highly
experienced in) in short-selling, feel free to write me directly,
</FONT></DIV>
<DIV><FONT face=Arial size=2>if you wish to exchange
ideas. </FONT><FONT face=Arial size=2>The
operative word is '<U>exchange</U>'. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>JT</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><STRONG>PaintBar Study: (will work for
TradeStation 4.0 or TradStation 2000i)</STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><FONT face=Arial
size=2>{*****************************************************************************}<BR>{
BullishReversal PaintBar
Study
}<BR>{ Author: Copyright 2000. TechTrading Corp. All Rights
Reserved.
}<BR>{-------------------------------------------------------------------------------------------------}<BR>{
<A
href="http://www.TechTrading.com";>www.TechTrading.com</A>
}<BR>{ (now at <A
href="http://www.advsoftware.com";>www.advsoftware.com</A>)
}<BR>{******************************************************************************}</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><FONT face=Arial size=2><BR>If ((Low < Close[1]
and<BR> Close > Close[1])
OR<BR> HammerSpike(0.4, 5, 20, 50)
OR<BR> MorningStar OR <BR> BullishEngulfing)
AND<BR> Low < Lowest(Low,
10)[1] and<BR> volume >= (volume[1] * 1.4) then
begin<BR> Plot1(high, "BullRevH");<BR> Plot2(low,
"BullRevL");<BR>End;</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>-------------------</FONT></DIV>
<DIV><FONT face=Arial size=2><STRONG>Functions:</STRONG></FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2>{****************************************************************************}<BR>{
Shadow Candlestick
Function }<BR>{
Author: Copyright 2000. TechTrading Corp. All Rights
Reserved. }<BR>{-----------------------------------------------------------------------------------------------}<BR>{
<A
href="http://www.TechTrading.com";>www.TechTrading.com</A>
}<BR>{ (now
at <A
href="http://www.advsoftware.com";>www.advsoftware.com</A>)
}<BR>{****************************************************************************}<BR>Inputs:
BarNbr(numericsimple);</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Shadow = MinList(Close[BarNbr], Open[BarNbr]) -
Low[Barnbr];</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2>+++++++++++++++++++++++++++++++++++++++++++++++++++++++</FONT></DIV>
<DIV><FONT face=Arial size=2><FONT face=Arial
size=2>{****************************************************************************}<BR>{
CandleBody Candlestick
Function }<BR>{
Author: Copyright 2000. TechTrading Corp. All Rights
Reserved. }<BR>{-----------------------------------------------------------------------------------------------}<BR>{
<A
href="http://www.TechTrading.com";>www.TechTrading.com</A>
}<BR>{ (now
at <A
href="http://www.advsoftware.com";>www.advsoftware.com</A>)
}<BR>{****************************************************************************}</FONT></FONT></DIV>
<DIV><FONT face=Arial size=2>Inputs: BarNbr(numericsimple);</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>CandleBody = AbsValue(Close[BarNbr] -
Open[BarNbr]);</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><FONT face=Arial
size=2>+++++++++++++++++++++++++++++++++++++++++++++++++++++++</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><FONT face=Arial size=2><FONT face=Arial
size=2>{******************************************************************************}<BR>{
HammerSpike Candlestick
Function
}<BR>{ Author: Copyright 2000. TechTrading Corp. All Rights
Reserved.
}<BR>{--------------------------------------------------------------------------------------------------}<BR>{
<A
href="http://www.TechTrading.com";>www.TechTrading.com</A>
}<BR>{ (now at <A
href="http://www.advsoftware.com";>www.advsoftware.com</A>)
}<BR>{--------------------------------------------------------------------------------------------------}<BR></FONT></FONT>{
k = a multiple of the Avg True Range by which the spike high must
} <BR>{ exceed the prior and subsequent period
highs. }<BR>{
n = the number of past and subsequent days whos high must
be }<BR>{ exceeded by the
specified
margin.
}<BR>{ n2 = The number of days used to calculate the average true
range }<BR>{ n3 = The number of past days whos high must be exceeded
by the }<BR>{ spike high. The value of
n3 will always be greater than
n2, }<BR>{
usually by a significant margin; otherwise, n3 is
a
}<BR>{ redundant
input.
}<BR>{ Recommended values for input
parms:
}<BR>{ k =
0.4
}<BR>{ n =
5
}<BR>{ n2 =
20
}<BR>{ n3 =
50
}
<BR>{********************************************************************************}<BR>Inputs:
k(0.6), n(0), n2(20), n3(50);</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>{ SPIKE LOW }<BR>If Low[n] <= Lowest(Low,
n2)[n+1] + (k * AvgTrueRange(n2)) AND <BR> Shadow(n) > (2 *
CandleBody(n)) {and<BR> AvgTrueRange(n) >= (1.5 *
AvgTrueRange(n3)[1])} Then Begin<BR> Plot1[n] (high[n],
"SHH");<BR> Plot2[n] (low[n], "SHL");<BR> { Note: [n]
necessary to offset to correct bar }<BR>End; </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Commentary("Tail=",
Shadow(n));<BR>Commentary("CandleBody=", CandleBody(n));</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>
<DIV><FONT face=Arial
size=2>+++++++++++++++++++++++++++++++++++++++++++++++++++++++</FONT></DIV></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2>{*******************************************************************<BR>Description :
This Function returns the MorningStar pattern<BR>Provided By : Omega
Research, Inc. (c) Copyright
1999<BR>********************************************************************}</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Variables: LongBody(False), OCRange(0),
Hollow(False), Filled(False);</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Hollow = Close > Open;<BR>Filled = Close <
Open;</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>OCRange = AbsValue(Open-Close);<BR>LongBody =
OCRange > Average(OCRange, 20);<BR>MorningStar = False;</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>If Filled[2] AND Maxlist(Close[1], Open[1]) <
Close[2] AND Hollow AND LongBody[2] AND Close > Close[2] Then
<BR> MorningStar = True;</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><FONT face=Arial
size=2>+++++++++++++++++++++++++++++++++++++++++++++++++++++++</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2>{*******************************************************************<BR>Description :
This Function returns Bullish Engulfing<BR>Provided By : Omega Research,
Inc. (c) Copyright
1999<BR>*********************************************************************}<BR>If
Average(Close, 20) < Average(Close, 20)[1] AND Close > Open AND Close[1]
< Open[1] AND Close > Open[1] AND Open < Close[1]
Then<BR> BullishEngulfing = True <BR>Else<BR> BullishEngulfing =
False;<BR></FONT></DIV>
<DIV><FONT face=Arial size=2> </DIV></FONT>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:bulldog5@xxxxxxxxxxxxxx"; title=bulldog5@xxxxxxxxxxxxxx>Bryant
Tharp</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:jptaylor@xxxxxxxxxxxxxxx";
title=jptaylor@xxxxxxxxxxxxxxx>jptaylor@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, June 14, 2000 2:22
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] Re: trade this!</DIV>
<DIV><BR></DIV>James; <BR>That code produced no signals or paintbars on the
bond or sp , is it only for stocks ? <BR>thanks <BR>Bryant Tharp
<P>James Taylor wrote:
<BLOCKQUOTE TYPE="CITE">
<STYLE></STYLE>
<FONT face=Arial><FONT size=-1>top secret ? why ?
gimmeabreak.</FONT></FONT> <FONT face=Arial><FONT size=-1>The code is
simply:</FONT></FONT> <FONT face=Arial><FONT size=-1>If Low
< Lowest(Low, 10) and</FONT></FONT><FONT face=Arial><FONT
size=-1> Low < Close[1] and</FONT></FONT> <BR><FONT
face=Arial><FONT size=-1> Close > Close[1] and</FONT></FONT>
<BR><FONT face=Arial><FONT size=-1> volume >= (volume[1] * 1.4)
then</FONT></FONT> <BR><FONT face=Arial><FONT size=-1>
Buy;</FONT></FONT>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message -----</DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:patterntrader@xxxxxxxxxx";
title=patterntrader@xxxxxxxxxx>Phil Lane</A></DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:<realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>mailto:<realtraders@xxxxxxxxxxxxxxx</A></DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, June 14, 2000 8:18
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Re: trade
this!</DIV> <FONT face=Arial><FONT size=-1>Attached are charts of the
Nasdaq Comp for 8/12/96 and for yesterday. Notice any similarities? Both
are cup and handle structures.</FONT></FONT> <FONT face=Arial><FONT
size=-1>Several people have asked me what software I'm using to generate
the blue bars. It's TradeStation 4.0. The exact code is top secret, but
it's essentially just a reversal off a multi-day low on an increase in
volume.</FONT></FONT> <FONT face=Arial><FONT size=-1>Boring but true,
just like my web site..</FONT></FONT><FONT face=Arial><FONT
size=-1>Phil</FONT></FONT><FONT face=Arial><FONT size=-1><A
href="http://www.patterntrader.com";>http://www.patterntrader.com</A></FONT></FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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