You do not mention what timeframe you are using. My suggestion is that you use a Simple Moving Average. I use a Weekly time frame for my Long stock trading (I do not Short). I Plot a MA(C,30) on my charts and visually check my Watchlist that each weekly Close Price has been above the MA(C,30) for at least 52 weeks. I use a Vertical line placed 52 weeks ago to give me the starting point that the MA(C,30) must be below. You will quickly see how the price is trending. Plotting another MA using Param to manually adjust the time period on each chart can also help to identify strong trends. I also use ROC(C,52) to show outperforming stocks. I have the ASX Top 200 as my Watchlist and it only takes a few minutes to scroll through nearly 200 charts. Plenty of candidates for Long trading should appear. Volatility also allows short term, even day trading opportunities. Obviously, you can add more T/A whistles and bells if you find them necessary. I think "less is best". For the Australian market, Alan Hull has a number of publications on trend trading using minimal chart interpretation. Peter
--- In [email protected], Bruce Hawkins <[EMAIL PROTECTED]> wrote: > > Does anybody have any code that recognizes trending price structure? > > The first question that comes to my mind is what is trending price > structure? I am hoping someone has tried to put that in code. > > Maybe "x" number of bars making HH's or LL's with no bar closing > below/above the L/H of previous bar. > > What about slope of price or MA comparing previous values to > current with no current value below previous value in an uptrend. > > Any thoughts would be appreciated. > > Cheers, > > Bruce >
