Which performs a parabolic extrapolation ... doesn't it ?
I don't
see how this is particularly helpful in predicting that the
lagging edge
bands will come together at the current or a future
bar ...
What am
I missing ?!
--- In [EMAIL PROTECTED]ps.com,
"Ton Sieverding"
<ton.sieverding@...> wrote:
>
>
That's a long email for a short answer Fred. I am using the Ace
code
...
>
> Ton.
>
> ----- Original Message -----
> From: Fred
> To: [EMAIL PROTECTED]ps.com
> Sent: Tuesday, October 10, 2006 3:23 PM
> Subject: [amibroker]
Re: Hurst Channels Code
>
>
> Most of us who have read
Hurst's writtings are well aware of the
> general principles involved
in PM ... However, there are several
> points that should be mentioned
or questioned with regards to
your
> comments ...
>
>
1. It is clear from Hurst's course material that PM and the
>
techniques therein were, in his mind, a fairly simplistic view
of how
> he analyzed price and that the curvelinear trendlines were only
a
> means for the analyst to discover the cyclic forces in play i.e.
a
> possible first step in developing a full phasing Analysis (
FPA ) and
> using FLD's, VTL's and other techniques ...
> 2.
As far as the tools and the math involved in the later
chapters
>
and appendicies it is also clear that Hurst not only employed
the
>
techniques therein but other more sophisticated techniques that
he
> didn't really write much about in PM. Clues to this can be seen
in
> the bibliography.
> 3. While PC's and AB didn't exist in
1970, mainframes and mini's
did
> and if you recall we had already
managed to get to the moon and
back
> mostly by use of the slide
rule.
> 4. The curvelinear bands that Hurst's uses are in essence n
period
> centered moving averages with percentage or standard
deviation
bands
> around them which by their nature can not be
computed closer
than n /
> 2 bars prior to the current bar. As such
one must have some
> technique for extrapolating those bands to at
least the current
bar
> and preferably beyond. Without this
capability one would have
> already experienced half the move in the
opposite direction when
the
> CMA catches up.
>
> My
question then is ... If you are using curvelinear bands of
one
>
sort or another inside AB how are you constructing the bands and
what
> methodologies are you using to extrapolate them ?
>
>
--- In [EMAIL PROTECTED]ps.com,
"Ton Sieverding"
> <ton.sieverding@> 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 -----
> > From: Rakesh Sahgal
> > To: [EMAIL PROTECTED]ps.com
> > 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@> 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@>
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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> >
>
> > >
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discussion between users
> only.
> > >
> > > To
get support from AmiBroker please send an e-mail directly
to
> >
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> > >
> > > For other
support material please check also:
> > > http://www.amibroker.com/support.html
>
> >
> > >
> > > Yahoo! Groups Links
> >
>
> > >
> > >
> > >
> >
>
> > >
> > >
> > >
> >
>
> > >
> >
>
