Hi Dennis, on my first view I think the signals are not so bad, but they need of course some type of filters. I havent tried out anything until now.
Thomas www.patternexplorer.com From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of amibrokeruser Sent: Wednesday, March 07, 2007 4:52 PM To: [email protected] Subject: [amibroker] Re: HELP IN WRITING REVERSAL FORMULA --- In [email protected], "Thomas Z." <[EMAIL PROTECTED]> wrote: > > Hi, > > This one will do the job: > > Buy = Low==LLV(L,6) AND Close > Ref(Close,-1); > Sell = High == HHV(H,6) AND Close < Ref(Close,-1); > Plot(C,"C",colorLightBlue,styleBar); > PlotShapes(Buy*shapeUpArrow,colorGreen,0,L,-12); > PlotShapes(Sell*shapeDownArrow,colorRed,0,H,-12); > > Thomas > www.patternexplorer.com Thanks for this Thomas! I did a quick test on it and found many of the stocks did no better than 50/50 on win/loss. It got me thinking about some code in AB that would do a coin-flip, as it appeared that the reversal code was no better than flipping a coin, and then rely on the automatic trade tool to manage your entries and exits for money management purposes. Off to the pseudo coding world to hammer out the idea! thanks again! Dennis
