AHG v2.0

IronFist · Nov 28, 2008

Quote from Tums:

If you are looking for the Heiken Ashi Paintbar, you can find it here:

http://elitetrader.com/vb/showthread.php?s=&threadid=146049

does ahg use heiken ashi? i never thought they were a good idea cuz you're not seeing actual price data. better to use a fast, smooth MA over real candles for seeing trend.

by the time a HA trend reverses, not only is it usually one bar too late, but price is farther away from you than you think because you're not seeing actual ohlc data.

please explain what i am missing if you are reading this and use HA bars profitably.

i just cant believe the price action "all indicators lag" crew would use HA, because it lags.

bmwhendrix · Nov 28, 2008

Early on, as an aid in "staying with the trend" some AHG folks looked at HA as a possible method. I think it has generally been abandoned because of the reasons you mentioned.

In the end, the trend will not change untill a signifcant H or L pivot has a swing above/below it. Pure PA. You can estimate it with a trendline, a moving average or HA bars, or any number of derived inicators. FWIW

Jahajee · Nov 28, 2008

Quote from Tums:

Do not use the browser to read the text file.
Right click on link, then select Save As... to download the code to your computer.
Open the file with your Notepad.

Pls let me know if this does not solve the problem.

OK so far

what is "DT" and "DB"?

jeb9999 · Nov 28, 2008

Quote from Jahajee:

OK so far

what is "DT" and "DB"?

Chart related logic would say Double Top and Double Bottom.

droskill · Nov 29, 2008

HH-LL code for Amibroker:

Code:

[color=blue]
//SUPPORT & RESISTANCE LEVELS
//Graham Kavanagh 9 Oct 2003 #49421

//Find turning points

top = H==HHV(H,3) AND H>=Ref(H,1) AND H>=Ref(H,2);
bot = L==LLV(L,3) AND L<=Ref(L,1) AND L<=Ref(L,2);

topH = ValueWhen(top,H);
botL = ValueWhen(bot,L);

//Indicator section
GraphXSpace=5;

col = IIf( Close > Ref( Close, -1 ), colorGreen, colorRed );
Plot( Close, "Price", colorWhite, styleCandle );

Plot( topH, "res", colorRed, styleDots+styleNoLine );
Plot( botL, "sup", colorBrightGreen, styleDots+styleNoLine );

Title = Name() + ", " + Date() + ", Support & Resistance Levels
Support = "
+ topH + ", Resistance = " + botL ;
[/color]

IronFist · Nov 29, 2008

in for someone to make that HH/HL study in SierraChart

big_cabrito · Nov 30, 2008

Quote from kiwi_trader:

FWIW Tums, I think you may find this quite hard to do. I have a simple method not so different from Aneks and I am an experienced programmer (10s maybe 100s of 1000s of lines of code) but programming price action based strategies proved very hard for me.

Getting the nuances of "good form" or "meaningful s&r" is not too difficult when I am looking at a chart but very hard to define at an if xxx then yy level.

kiwi, ditto here, I'm still working on it, but so far my automated strategies based on price action are only VERY marginally profitable.

I'm not sure yet if it's possible. Been sim trading AHG discretionary and it's SO easy to "read" what's going on in real time, and SO hard translating that into code.

Keep at it though, in principle if it can be done it can be programmed...

Jahajee · Nov 30, 2008

Quote from big_cabrito:

kiwi, ditto here, I'm still working on it, but so far my automated strategies based on price action are only VERY marginally profitable.

I'm not sure yet if it's possible. Been sim trading AHG discretionary and it's SO easy to "read" what's going on in real time, and SO hard translating that into code.

Keep at it though, in principle if it can be done it can be programmed...

Never say never ... but almost impossible to code PA. Someone, somewhere, sometime, must have done this --- let us know.
I'd like to backtest anythng I trade but I am afraid doing that with PA - the PA that is dicussed at length in these forums - is extremley difficult.

There must be definite clear-cut algorithms for S/R etc with parameters that can be optimized and backtested. Anyone has done this with PA?

nkhoi · Nov 30, 2008

Quote from IronFist:

in for someone to make that HH/HL study in SierraChart

use Donchial study

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2200085 width=800>
click on link to enlarge image
256

Tums · Nov 30, 2008

Quote from Jahajee:
Never say never ... but almost impossible to code PA. Someone, somewhere, sometime, must have done this --- let us know.
I'd like to backtest anythng I trade but I am afraid doing that with PA - the PA that is dicussed at length in these forums - is extremley difficult.
There must be definite clear-cut algorithms for S/R etc with parameters that can be optimized and backtested. Anyone has done this with PA?

Anything that can be measured and quantified, it can be programmed.

Having said that... we should also recognize the statistical reality...

If we look at a 3 bar combination of OHLC... we can arrive at more than 47,000 combinations of PA patterns.

AHG v2.0

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