Mark:
Sorry to be so tardy in reply. Daughter had soccer and then homework project.
I wrote the high-low reversal indicator and then found I had duplicated my work from a few months back when I had done it with Cooper's name of Reversal New Highs (long). As he notes, its a rare pattern and I guess I got tired scanning for it and forgot about it. GLG didn't alert with it today, because today wasn't a new 60 day high - missed by one day. On Aug 10 the high was 3.313 and today was 3.25. If AUX stays strong, looks like we'll have it tomorrow - or you could apply H & HG rule (horseshoes and hand grenades - close counts, right?) and say that you've got it now (but then where do you draw those bright lines?). I do confirm a Lizard long in GLG as well.
Here's the alert for Reversal New Highs (aka, high-low reversal):
alertmarker(L < prev(L,1) and h > prev(H,1) and H-L = hhv((H-L),5) and H = hhv(H,60), below)
(I set the marker below the bar as the high may push the alert out of the screen.)
I get no other hits today on golds for Reversal New Highs. Several others alert for Lizards, but only GLG looks good (others are pennies with doubtful trading volume or patterns like GQRVF). Like GLG's pattern, may play tomorrow.
Still in ABX, NEM, ASL, and TVX. Good trades to you.
Peace and Justice --- Patrick |
