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Duke,
My forecasts for the next day work out pretty well. I use a
specialist model and predict the direction and sometimes the
activity of the Dow for the next day. For yesterday I predicted
alternating Northerly and Southerly winds....Indicating lots of
large moves. By 13:30 the Dow had made 5 moves that were an average
of over 100 points. In the afternoon there were 2 - 200 point moves.
For today the forecast was strong notherly winds. And the result is
the Dow up a hair short of 150 points. I post the raw data I use for
free on the web and am looking to have it used in some commercial
product down the road.
R
--- In realtraders@xxxx, "Duke Jones - Portfolio Manager"
<Duke.Jones@xxxx> wrote:
> I am sorry if this is a duplicate as I also sent this to the Omega
list
> looking for help.
>
> I have been pondering the idea of trying to enhance oddball and
other
> breadth based systems by trying to code customs groups. I thought
I would
> see if I could pick the brains of the group here in regards to
ideas on
> calculating intraday breadth. One of the problems I am having is
trying to
> calculate the range of prices on an intraday basis. If the highs
and lows
> etc of each security happened to fall all on the same bar not a
problem...
> :)
>
> However, trying to find a way build a realistic chart is escaping
me. Do you
> take the highest high for the bar or do you take the highest high
for the
> day and keep that unit price etc. Since we are talking multiple
securities
> this can become complex. In plotting a quick excel version the
range of
> prices can begin to differ quickly based on the method used.
Anyone have any
> ideas or sources they could recommend?
>
> Thanks
>
> Duke
>
>
> "The Secret to the Market is Rotation, Rotation, Rotation." The
Frost Sector
> Rotation Fund is part of the Frost Bank family of Funds. (CFR-NYSE)
>
> -----Original Message-----
> From: Wong [mailto:whs@x...]
> Sent: Monday, June 17, 2002 5:32 PM
> To: realtraders@xxxx
> Subject: [RT] paintbar indicator
>
> Hi All:
>
> Here's a paintbar indicator based on the article "The Lazy Man's
Guide to
> Long-Term Investing" by Dr. R. M. Sidewitz. The article appeared
on TASC -
> Nov 2001 - pp 84-85.
>
> In his article, he said: "Are you a buy-and-hold believer?
Enhance your
> returns by using this simple technnique ... This simple method has
> captured above 90% of the entire gain of the Dow Jones Idnustrial
Average
> since 1920."
>
> In his article, he mentioned 4 scenarios. The last one is:
>
> "If the high for the year is ABOVE the high of the preceding year,
the low
> for the year is BELOW the low for the previous year, and the lower
low
> PRECEDED the higher high, this suggests that the market has
completed a
> correction and is poised to move higher. As such, conditions are
favorable
> for committing funds."
>
>
> The code I come up with (possibly not exactly adhered to what he
mentioned)
> is:
>
>
> Input: period(12);
> IF highest(h,period)>highest(h,period)[period] and
> lowest(l,period)<lowest(l,period)[period] and
> close>=(highest(h,period)[1]+lowest(l,period)[1])/2 and
> close>=highest(h,period)[1]*0.95 Then Begin
> Plot1(High,"PBHigh");
> Plot2(Low,"PBLow");
> IF CheckAlert Then Alert = TRUE;
> End;
>
>
> I'm attaching the ela and accompanying Nasdaq daily, weekly and
daily
> charts with the paintbar indicator, which I name as "market4".
>
>
> Do whatever you want to do. If you have a modified/improved
version,
> please let us know.
>
>
>
> Regards,
>
> Wong
>
>
>
>
>
>
>
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>
>
>
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