Joris and Mike, Thank you for your suggestions. I will expore it a little bit more. Kind Regards Richard
--- In [email protected], "Joris Schuller" <jschul...@...> wrote: > > 1. One way to get a reasonable early alert about a sideways movement is > using an AMA (adaptive MA, Perry Kaufman, etc.). The AMA will start moving > horizontally. > > 2. Although Mike is right about the Zig looking into the future and so on, > don't throw out the Zig just yet. > > a. Look at the zig.afl from Eric Langen in the AB Library. He computes the > point of no return for the Zig. This gives an impression when you can use > the Zig data without looking into the future. And yes indeed often you are > late, but on occasion you are not. > > b. The Zig (especially the ZigHL which connects H and L instead of C), can > provide good statistical info about Trough-Peak size and time from Pk-Pk and > Tr-Tr and Pk-Tr ( individual,avg,SD). This, especially in the Forex gives a > good idea what you can expect in the future. > > > > Joris > > > > From: [email protected] [mailto:[email protected]] On Behalf > Of Mike > Sent: Tuesday, March 30, 2010 8:40 PM > To: [email protected] > Subject: [amibroker] Re: Momentum filter question? > > > > > > More often than not, Zig will not be useful. Zig looks into the future. By > the time you're able to verify the Zig pivot without looking forward, it's > too late to do anything with it. > > Mike > > --- In [email protected] <mailto:amibroker%40yahoogroups.com> , > "Richard" <richpach2@> wrote: > > > > Hello, > > > > I am looking to code "momentum filter" to filter out any signals preceded > by sideways movement. I want to see a price action before the signal with > the substantial movement up or down. Has anyone done anything similar? Could > you share any ideas on how to implement this kind of filter? > > I was thinking about using, SAR indicator and measuring number of bars > between SAR and $ cross (top to bottom of SAR leg) and multiplying by the % > Zig change for the last High to Low. Is this idea any good? I am looking > basically for the way to filter out sideways price action even if I have to > forego breakouts signals from sideways consolidation. > > > > Regards > > Richard > > >
