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To: Craig DeHaan who wrote (6725)9/21/1998 8:06:00 PM
From: TechTrader42  Respond to of 11149
 
Well, the Shark isn't quite finished yet. There was a typo in the last "long" version I sent. Substitute "MovAvg" for "Mov". Also, I've created a version that gives only today's hits, which I'll add to this note. I suppose the next project -- a much easier one -- could be QP2 scans for Walter Downs' Bull/Bear Fear system.

Today's "longs" with Shark system:

//Shark-32, by Walter T. Downs, with Trend
//translated for QP2 by Brooke,

output = "sharka.lst";
input="volvol.lst";
//ProcessMS = "d:\meta\macdup\",VMS;

integer i, j;
float shark, apex, WB, fin, sharkhigh, symmetry;

for i = -24 to 0 step 1 do

symmetry:=.28;
apex:=(high(i)+low(i))/2;
WB:=range(i-2);

if apex<=(high(i-2)-(WB*Symmetry)) and
apex>=(low(i-2)+(WB*Symmetry)) then
fin:=1;

sharkhigh:=0;
if high(i)<high(i-1) and
low(i)>low(i-1) and
high(i-1)<high(i-2) and
low(i-1)>low(i-2) then
shark:=fin;

if shark=1 then
sharkhigh:=high(-2+i);
endif;

if MovAvg(0,5,cl)>MovAvg(0,20,cl) then
if shark=1 then
if sharkhigh>0 then
j:= 0;
//for j = i to 0 step 1 do
if close(j)>sharkhigh then
if close(j-1)<sharkhigh then
println symbol,",", "Close: ", close(0):6:2,", ", "Change: ",
Close(0)-Close(-1):5:2, ", ", "Date: ", date(j),", ", "Sharkhigh: ",
sharkhigh; //date of buy signal
j:=0;
endif; endif;
//next j;
endif; endif; endif;

else
shark:=0;
endif;

else
fin:=0;
endif;

next i;



To: Craig DeHaan who wrote (6725)9/21/1998 8:39:00 PM
From: TechTrader42  Read Replies (1) | Respond to of 11149
 
Craig: Here's a bull/bear fear scan, based on Walter T. Downs' article "From Terms To Technical Tools" in the August 1998 issue of "Technical Analysis of Stocks and Commodities."

The Metastock formulas can be found at:

equis.com

I like the bull and bear indicators a lot. In many cases, they give signals similar to Parabolic SAR's. This scan searches for new bull/bear fear signals:

//Bull/Bear Fear, by Walter T. Downs
//translated for QP2 by Brooke
//based on article in August 1998 issue of TASC
//n := 12 {Time periods};
//BullFear := (HHV(HIGH,n) - LLV(HIGH,n))/2 + LLV(HIGH,n);
//CLOSE > BullFear
//BearFear := (HHV(LOW,n) - LLV(LOW,n))/2 + LLV(LOW,n);
//CLOSE < BearFear

output = "bull.lst";
input="volvol.lst";

integer periods;
float bullfear, bearfear;

periods:=11;

bullfear:=(max(0,-periods,hi)-min(0,-periods,lo))/2 + min(0,-periods,hi);
bearfear:=(max(0,-periods,lo)-min(0,-periods,lo))/2 + min(0,-periods,lo);

if close(0)>bullfear then
if close(-1)<bullfear then
println symbol,",", "Buy: ", "Close: ", close(0):6:2,", ",
"Change: ", Close(0)-Close(-1):5:2, ", ", "Bullfear: ", bullfear;
endif; endif;

if close(0)<bearfear then
if close(-1)>bearfear then
println symbol,",", "Sell: ", "Close: ", close(0):6:2,", ",
"Change: ", Close(0)-Close(-1):5:2, ", ", "Bearfear: ", bearfear;
endif; endif;