In confirmation of Dingo's analysis I would advise that this is Jim Bergs Volatility system. It has gained acceptance as a LONG ONLY system that did well in a BEAR market. Therefore it is somewhat unusual and worthy of investigation, if only for interests sake. TJ coded it, members area, S&C Traders' Tips Issue 2/2005. I have not traded it but have some trading rules which I saved from somewhere, as follows. Regds Gerard
/* To select trades using the Jim Berg system: - The share must be trading above a rising 34 week Moving Average. - Look for the RSI to dip below 30. - Enter a trade the day after the candle (or bar if you prefer) changes to blue in colour. - The initial stop is just below the latest low which caused the RSI to dip under 30. To exit: - Exit immediately if the price moves below the initial stop. - If prices move up sufficiently the trailing stop (blue line) comes into play and the exit is taken once the price closes two times in succession below the line. It is my suggestion that once the price has moved above the entry price by the amount of the initial risk that then the blue line could become the exit criterion. - In short term trades exit the next day after the price has closed above the 'take profit' line (and I would suggest to do this only if the profit is at least twice the initial risk.) - There are other refinements which can be added to this system but these are the main features. */ --- In [email protected], dingo <waledi...@...> wrote: > > You need to consider that this is a long only type system. IMHO you can't > assume that the same formula that has only long signals is also appropriate > for shorts. > > However, you can do as you suggest - assume the sell is a short and the buy > is a cover and see how that "looks". > > d > On Fri, Dec 12, 2008 at 3:56 AM, techie11111 <techie11...@...> wrote: > > > > > I have found the Following Article By Tomasz Janeczko on the Web > > > > Here only Entry & Exit Signal are there. > > > > Can Anybody help me code the short signal& exit & if the Short signal > > is added,The correct coding of the Ribbon > > > > Do I construe the Exit signal itself as short signal ? > > > > Regards > > > > Amikid > > > > Article formula follows > > > > > > LISTING 1 > > EntrySignal = C > ( LLV( L, 20 ) + 2 * ATR( 10 ) ); > > ExitSignal = C < ( HHV( H, 20 ) - 2 * ATR( 10 ) ); > > Color = IIf( EntrySignal, colorBlue, IIf( ExitSignal, colorOrange, > > colorGrey50 )); > > TrailStop = HHV( C - 2 * ATR(10), 15 ); > > ProfitTaker = EMA( H, 13 ) + 2 * ATR(10); > > /* plot price chart and stops */ > > Plot( TrailStop, "Trailing stop", colorBrown, styleThick | styleLine ); > > Plot( ProfitTaker, "Profit taker", colorLime, styleThick ); > > Plot( C, "Price", Color, styleBar | styleThick ); > > > > /* plot color ribbon */ > > Plot( 1, "", Color, styleArea | styleOwnScale | styleNoLabel, - 0.1, 50 ); > > > > --Tomasz Janeczko, AmiBroker.com > > www.amibroker.com > > > > > > ------------------------------------ > > > > **** IMPORTANT **** > > This group is for the discussion between users only. > > This is *NOT* technical support channel. > > > > ********************* > > TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to > > SUPPORT {at} amibroker.com > > ********************* > > > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > > http://www.amibroker.com/devlog/ > > > > For other support material please check also: > > http://www.amibroker.com/support.html > > > > ********************************* > > Yahoo! Groups Links > > > > > > > > >
