Brian Thanks for you interest in this. Your indicator is not quite what I had in mind.
Rather than bands, I was looking for one trend line that plotted below the bars while in an uptrend, (x% below the Highest close of the lookback period - the period increases each bar until the cross) and when the bars crossed the trend line at the start of a downtrend, it would jump up and plot above the bars (again, x% above the lowest close). There is a website at http://konkop.narod.ru/Files/4_24_28.pdf which is all in Russian (which I don't understand) but there is a picture on page 2 . It is the red line that I mean. Also, QuoteTracker has the "Percentage Trend Indicator" which can be applied to charts. This is what I am after. Thanks for your interest in this Rick Osborn ----- Original Message ---- From: brian_z111 <[EMAIL PROTECTED]> To: [email protected] Sent: Tuesday, November 20, 2007 8:48:04 AM Subject: [amibroker] Re: Struggling to Learn Rick, I made a start with your indicator (you have your own personal page at the UKB - one of the perks of being an author is free space - thanks Tomasz). If you can tell me, in reference to the drawing what is the first buy and sell signal you want on that chart (the signal line isnt a problem I will just move it down whatever percent you want ). Look for Rick Osborne's Indicator at http://www.amibroke r.org/userkb/ category/ uncategorized/ brian_z --- In [EMAIL PROTECTED] ps.com, [EMAIL PROTECTED] wrote: > > Yes, except that at point 3 the close would cross below the line (trend) and a sell signal would occur. > I also want to plot the line (trend). > > GP - you mentioned that "values Uptrend, Downtrend, Crossup, Crossdown, HV, and LV > are all generated using only the initial values of Trend and Period.". > > But I thought defining them before the loop created arrays that could then be accessed in the loop. > > > Rick Osborn > > > > ----- Original Message ---- > From: brian_z111 <brian_z111@ ...> > To: [EMAIL PROTECTED] ps.com > Sent: Tuesday, November 20, 2007 4:49:10 AM > Subject: [amibroker] Re: Struggling to Learn > > --- In [EMAIL PROTECTED] ps.com, "ricko8294_98" <ricko@> wrote: > > > > Hello > > > > I am trying to learn AB and loops in particular. There seems to be > > something I'm not getting - and I have been playing with this for the > > past several weeks. > > > > I want to create a trend indicator that will track below an uptrend > > (x% below the highest high of the most recent "y" period) or track > > above a downtrend(x% above the lowest low of the most recent "y" > > period), where the period "y" increases each day for the duration of > > each trend up to a maximum level. > > > > When a cross of the price (C) and the trend occurs,(either up or > > down) the period "y" resets to zero. > > Hello Rick, > > I think there might be another way. > If I understand what you are trying to do then I am pretty sure it can > be done using array processing. > > No harm in trying. > > Just looking at the high side first (if we solve that then it should be > easy to adapt to the low side): > > starting hard left of screen (using barindex) - > > 1) bar 1 is higher than bar zero and then bar two starts a downtrend > that continues for a few bars so bar 1 becomes the Highest High for the > set periods (P) > > 2) a line is set x% below the HHValue(High, P) say 2% > > 3) when the price crosses up through the setpoint you want to trigger a > signal (Buy?) AND/OR reset the periods (P) to zero. > > 4) since you want to reset the periods (P), when the closes crosses, > then...... > > P = barssince(close crossed the setpoint) > > Is that what you want? > If so I might have a go at it. > > Brian_z >
