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Request coding for exploration based on price trend reversal
Rank: Newbie
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Joined: 12/7/2010(UTC)
Posts: 6
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Hello kind hearts!! Please help me with coding for an exploration that can be run on all time frames with the following conditionalities:
(all based on closing prices)
1) Buy Signal conditions:
a) The market has been in a down trend i.e. making lower peaks and troughs
b) Trend change - a higher trough is formed
c) Generate Buy signal - after formation of the first higher trough as soon as the prior peak is crossed on closing basis.
2) Sell Signal conditions:
a) The market has been in uptrend i.e making higher peaks and troughs
b) Trend change - a lower trough i formed
c) Generate Sell Signal - after the formation of the first lower peak as soon as the prior trough is vioalted on closing basis.
In other words - a simple buy/sell signal alert based on Dow Theory that can be run on exploration in all time frames - daily, weekly & monthy.
Thanks in advance for your kindness, time and efforts!!!
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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Try something like: p1:=Peak(1,C,5); p2:=Peak(2,C,5); p3:=Peak(3,C,5); p4:=Peak(4,C,5); t1:=Trough(1,C,5); t2:=Trough(2,C,5); t3:=Trough(3,C,5); t4:=Trough(4,C,5); {----------------------------} a1:=(t4>t3)*(t3>t2)*(t2<t1); a2:=(p3>p2)*(p1<p2); a3:=Cross(C,p1); a4:=a3*a1*a2; a4
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 12/7/2010(UTC)
Posts: 6
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Hi John,
Thanks once again. How do I use it.......??
I pasted this in explorer filter column and tried with minimum 100 records loaded with 1300 securities and tried it on daily, weekly and monthly. The results show 100% normal filter rejection in all the trials. Am I doing some thing wrong?
thanks!!
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Rank: Advanced Member
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Joined: 5/25/2010(UTC)
Posts: 55
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Rank: Advanced Member
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Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
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The use of Peak,Trough, and Zig functions are dynamic and are subject to change.They should only be used to establish support and resistance levels and not for signal generation
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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What Henry1224 is talking about is that the Peak and Trough 1 and 2 values will change
based on new prices. Signals will seem to appear and disappear out of nowhere. You will need another signal to verify. I wrote the above as a indicator so plot and scroll through
stocks to see if the signal logic is worth chasing after.
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Request coding for exploration based on price trend reversal
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