Re: [amibroker] Hurst Channels Code

Tue, 10 Oct 2006 00:24:20 -0700

Hurst wrote 'The Profit Magic of Stock Transaction Timing' in 1970. When the technical annalist was using pencil and paper for his graphs. Bill Gates and TJ still did not exist and Hurst was not using a PC. I've tried to get the original version of the book but only got the reprinted version from 2000. Frankly I have the feeling that Chapter 11 as well as the Appendices have been added at the time of the reprint. This to give you my opinion how I see the book. It is an attempt to work with forecasted envelopes. And a good one ...
 
For me the practical 'red line' for using the Hurst principle is as I told you already rather simple. Try to construct two trading bands. A long and a short period trading band. Hurst tells you how to do that with pencil and paper. The software today does it automatically for you. As soon as the short band is above the long one and the price above the short band you will have an 'overbought' situation. When the short band falls below the long band and the price is below the short band you have an 'oversold' situation. The combination of these 'overbought' and 'oversold' situations with a falling resp. rising long trend will give you the SELL and BUY signals. I am using Hurst with weekly views and indexes and must say that the results are very good ...
 
Ton.
 
----- Original Message -----
Sent: Monday, October 09, 2006 3:18 PM
Subject: Re: [amibroker] Hurst Channels Code

I suggest you get familiar with the concept of cycles a la Hurst and
use of Curvilinear Bands before you try to comprehend the code. As
for the code looking into the future - yes it does.

R

On 10/9/06, Saji Oommen <sajioommen2@yahoo.com> wrote:
> Hello,
>
> Thanks for sharing the code. Could you kindly confirm
> that does this code have any ZIG function in it or
> does it look into future or the signals change when
> new data comes in. I read through the code and could
> not make it out. I am in the learning process of AFL.
> So pardon my ignorance.
>
> Regards
>
> Saji
>
> --- Ton Sieverding <ton.sieverding@scarlet.be> wrote:
>
> > The way I see it is rather simple. Let's take the
> > S&P500. Using a weekly view :
> > a.. Buy when Blue+Red+Price BELOW Green and Green
> > rising channel
> > b.. Sell when Blue+Red+Price ABOVE Green and Green
> > falling channel
> > Sell Augustus 2000,
> > Buy March 2003,
> > ... still Long.
> >
> > Ton.
> >
> > ----- Original Message -----
> > From: Rakesh Sahgal
> > To: Amibroker Yahoogroup
> > Sent: Monday, October 09, 2006 10:57 AM
> > Subject: [amibroker] Hurst Channels Code
> >
> >
> > For any of those interested in tinkering with
> > Hurst Channels, am
> > attaching code I had recieved from group member
> > Jason Hart. This code
> > was written by group member going by the nickname
> > "Ace".
> >
> > I was not able to make much use of it. The reason
> > was - the values of
> > the channels, current and in the immediate past
> > i.e. the projection
> > zone, were not constant. Since the values of the
> > projections changed
> > everyday I had no way of making any meaningful use
> > of it ( I was
> > basically looking for what Hurst called "Edge
> > Band" Trades). If my
> > understanding was incorrect and anyone can make
> > sense of them, please
> > be kind enough to share your insights with the
> > rest of us.
> >
> > Rakesh
> >
> >
> >
> >
>
>
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