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Technology Stocks : Let's Talk CODE
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To: Don Pueblo who started this subject10/26/2001 5:52:06 PM
From: MechanicalMethod  Read Replies (1) of 17
 
Hey TLC! Let's Not talk CODE

I saw lots of solid BR+TR's today.

Pricebar extends contra-trend swing direction but close reverses the close direction. The thrust extension with close reversal exhausts the contra-trend swing ...but I've observed it works with trend direction too. Dunnigan calls it CPR=closePriceReversal with BR=bottomReversal + TR=topReversal. Strange because they're not reversals... just weak repeat signals ...but continuation doesn't require much confirmation. They're D's only signal that occurs before swing dir changes ...but often followed immediately by a bar that confirms indeed they were Tops + Bottoms... Since it's a repeat signal the entry occurs immediately upon formation of the BR or TR without waiting for the confirmation.

This code isn't intuitive because it includes Dunnigans inside bar definition and reference to swing directions and the mtDir that imo isn't as solid as D says... I like the pattern and it's on my project list. Meanwhile here's the snippet but I've not looked at it for awhile and not up to studying it at the moment. I've been accumulating a list of revisions and someday it will be back in focus.

if dir<0 and mtDir>0 and inside=false and L<L[1] and c>c[1] then begin
repeat=1; BRi=BRi+1; BR[BRi,0]=currentBar; BR[BRi,1]=H; BR[BRi,2]=L; BR[BRi,3]=C; {repeatBuyBR}
end;
if dir>0 and mtDir<0 and inside=false and H>H[1] and c<c[1] then begin
repeat= -1; TRi=TRi+1; TR=currentBar; TR=H; TR=L; TR=C; {repeatSellTR}
end;
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