Experiments in Technical Analysis

[pdx05]

Karthik, I'm glad you found my results interesting

The most challenging thing about this is that when changing the peakvalue one must go back and manually test each signal to see if it changes after it has received future bars on which to calculate entries. It takes forever
Have you profitably used the system with the value set at 5?
I'm anxious to give it a go, but it'd be a shame to lose a lot of money because we're not sure exactly how the peak values affect calculations

The use of an additional method to adapt the peakvalue would certainly be easier said than done indeed.

I'm curious to know what system or systems you have found profitable in actual trading, if you want to share of course If not then no problem

uasish: I think you can find the files on around page 30 or so in this thread

Regards,
Jrgen T.

 

[uasish]

pdx05,
Just now got the code ,as it is in Ami language (i am not comfortable with Ami),let me go thru it 1st & as Tommorrow is a holiday hence i will revert back by Wednesday.

Asish

 

[pdx05]

Good luck Asish, looking forward to your findings

 

[uasish]

pdx05,
Since few years i already have my findings in MACD ,my MACD is based on "Time Series Forcast" ,my own code is available at Equis or Guppy etc (along with personal findings ,& suggested enhancements of the code,from active traders of different Australian & European Indices,in different forums),also available in this thread.In fact now i dont use MACD even as 2nd rank of confirmatory indicators.This excersise i was intending to do for YOUR specific ,valid,point of using HINDSIGHT function,in the code.My intent was to replace the hindsight dynamic function with a more stable function,that does not necessarily mean i subscribe to this code of MACD,personally.Hope this clarifies.

Asish

 

[srijandrives]

Hi! Anjan,

I just tried the Swing Chart Retracement indicator. I used the default settings, ie Swingsize = 5 & Retracement = 50

I have a separate folder for BTST stocks of ICICI. I ran the filter (Buy call not more than 15 days) on the WEEKLY charts and got a Buy Call for 60 stocks.

Believe it or not, all the 60 stocks are up as of yesterday's closing price.

Need a clarification ...
When you say, 38% retracement, should I use the following settings:

Swingsize= 5
Retracement = 38

Looking forward to your reply & "Thanks a lot" for sharing this with us.

Thanks & regards,
Amit

Hi Amit,
I would not like to disturb this strong thread, but I am interested in Swing Chart Retracement Indicator.
This is not available in Met. Stk. (I think not with 2 parameters)
Please let me konw the details of this indicator like formula, idea, concept etc.
Of course all this if you still find this useful.

Thanks

 

[HUSEC03]

Smridhi, jaykiru, Syamu

Thanks for the interest shown in this new thread. It was basically started with an idea to help you guys and I sincerely hope that you will benefit from this.

Warm regards

Karthik

dear,
in my opinion the price of share determined by its demand that is depend on several facts.In that circumstances what is the importance of technical anlysis.Pls clear my doubt bcz i am beginner in this field.

husec03

 

[pdx05]

pdx05,
Since few years i already have my findings in MACD ,my MACD is based on "Time Series Forcast" ,my own code is available at Equis or Guppy etc (along with personal findings ,& suggested enhancements of the code,from active traders of different Australian & European Indices,in different forums),also available in this thread.In fact now i dont use MACD even as 2nd rank of confirmatory indicators.This excersise i was intending to do for YOUR specific ,valid,point of using HINDSIGHT function,in the code.My intent was to replace the hindsight dynamic function with a more stable function,that does not necessarily mean i subscribe to this code of MACD,personally.Hope this clarifies.

Asish

Asish, Thank you for clarifying. I wasn't implying that I assumed you would use this system personally, just looking forward to any discussion around the hindsight function as you said, and I'm looking forward to hearing what you find out

 

[pdx05]

Some more info on Peak():

"PEAK & TROUGH

Peak and trough are just the turning points as seen ina zig plot
To explain the change for just peak, the help screen gives this
Peak( ARRAY, change, 1 )
Peak( Close, 5, 1 )
so what peak does is finds higher close value and holds until either a new higher close OR until the value of close drops by 5% from the last high close

eg close values
90,89,95,94,97,100,98,97,95
p, -, p, -, p, P, -, -, **
the lower case p's are the new higher values. The ** means 5% lower value than the last peak, ie 100 *95% = 95. So the 100 point will become the Peak point and be embedded in stone on the chart. Once the peak is found in zig the next trough search begins like the peak but in reverse.
This is why they say zig looks into the future, it means that later values are required to find the actual value in the past. it has to go into the future to determine where/what that point is. In my example it went 3 bars after the peak could be designated.
If you had said the change was 20, then from a value of 100 it would have to reach 80, ie 20% of the value before the peak would have been set. In that time if another value higher than 100 occured before th 80 then it resets to a new 20% of that higher value."

from http://www.aussiestockforums.com/forums/showthread.php?t=1679

 

[aca_trader]

dear,
in my opinion the price of share determined by its demand that is depend on several facts.In that circumstances what is the importance of technical anlysis.Pls clear my doubt bcz i am beginner in this field.

husec03

You are right about prices being determined by the forces of supply and demand. Technical Analysis uses methods which try to gauge the strength of supply and demand by use of various methods, patterns and indicators.

Best Regards,
--Ashish

 

[uasish]

pdx05,
People on whom i have very high regard ,regarding coding of MS,never advocate using hindsight indicators,i have burnt months of mid night oil to find
an alternative stable function than this dynamic function ,for my personal MS coding.
This clarifies my view on Zig & associated function of MS.Now regarding "Mabiuts K1" code of Ami (as provided by Ashish & he prefers Ravi than ADX),i have developed a 1 line code in MS on Ashish's preference,tonight,almost similar to "y" of Mabiuts.Any body if at all interested can mail me.

Asish