How are you constructing the bands-simple bollinger bands? The logic will
suffice. Thanks,
Rakesh
On 10/10/06, Ton
Sieverding <ton.sieverding@scarlet.be>
wrote:
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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