Which performs a parabolic extrapolation ... doesn't it ? I don't see how this is particularly helpful in predicting that the lagging edge bands will come together at the current or a future bar ...
What am I missing ?! --- In amibroker@yahoogroups.com, "Ton Sieverding" <[EMAIL PROTECTED]> wrote: > > That's a long email for a short answer Fred. I am using the Ace code ... > > Ton. > > ----- Original Message ----- > From: Fred > To: amibroker@yahoogroups.com > Sent: Tuesday, October 10, 2006 3:23 PM > Subject: [amibroker] Re: Hurst Channels Code > > > Most of us who have read Hurst's writtings are well aware of the > general principles involved in PM ... However, there are several > points that should be mentioned or questioned with regards to your > comments ... > > 1. It is clear from Hurst's course material that PM and the > techniques therein were, in his mind, a fairly simplistic view of how > he analyzed price and that the curvelinear trendlines were only a > means for the analyst to discover the cyclic forces in play i.e. a > possible first step in developing a full phasing Analysis ( FPA ) and > using FLD's, VTL's and other techniques ... > 2. As far as the tools and the math involved in the later chapters > and appendicies it is also clear that Hurst not only employed the > techniques therein but other more sophisticated techniques that he > didn't really write much about in PM. Clues to this can be seen in > the bibliography. > 3. While PC's and AB didn't exist in 1970, mainframes and mini's did > and if you recall we had already managed to get to the moon and back > mostly by use of the slide rule. > 4. The curvelinear bands that Hurst's uses are in essence n period > centered moving averages with percentage or standard deviation bands > around them which by their nature can not be computed closer than n / > 2 bars prior to the current bar. As such one must have some > technique for extrapolating those bands to at least the current bar > and preferably beyond. Without this capability one would have > already experienced half the move in the opposite direction when the > CMA catches up. > > My question then is ... If you are using curvelinear bands of one > sort or another inside AB how are you constructing the bands and what > methodologies are you using to extrapolate them ? > > --- In amibroker@yahoogroups.com, "Ton Sieverding" > <ton.sieverding@> wrote: > > > > Hurst wrote 'The Profit Magic of Stock Transaction Timing' in 1970. > When the technical annalist was using pencil and paper for his > graphs. Bill Gates and TJ still did not exist and Hurst was not using > a PC. I've tried to get the original version of the book but only got > the reprinted version from 2000. Frankly I have the feeling that > Chapter 11 as well as the Appendices have been added at the time of > the reprint. This to give you my opinion how I see the book. It is an > attempt to work with forecasted envelopes. And a good one ... > > > > For me the practical 'red line' for using the Hurst principle is as > I told you already rather simple. Try to construct two trading bands. > A long and a short period trading band. Hurst tells you how to do > that with pencil and paper. The software today does it automatically > for you. As soon as the short band is above the long one and the > price above the short band you will have an 'overbought' situation. > When the short band falls below the long band and the price is below > the short band you have an 'oversold' situation. The combination of > these 'overbought' and 'oversold' situations with a falling resp. > rising long trend will give you the SELL and BUY signals. I am using > Hurst with weekly views and indexes and must say that the results are > very good ... > > > > Ton. > > > > ----- Original Message ----- > > From: Rakesh Sahgal > > To: amibroker@yahoogroups.com > > Sent: Monday, October 09, 2006 3:18 PM > > Subject: Re: [amibroker] Hurst Channels Code > > > > > > I suggest you get familiar with the concept of cycles a la Hurst > and > > use of Curvilinear Bands before you try to comprehend the code. As > > for the code looking into the future - yes it does. > > > > R > > > > On 10/9/06, Saji Oommen <sajioommen2@> wrote: > > > Hello, > > > > > > Thanks for sharing the code. Could you kindly confirm > > > that does this code have any ZIG function in it or > > > does it look into future or the signals change when > > > new data comes in. I read through the code and could > > > not make it out. I am in the learning process of AFL. > > > So pardon my ignorance. > > > > > > Regards > > > > > > Saji > > > > > > --- Ton Sieverding <ton.sieverding@> wrote: > > > > > > > The way I see it is rather simple. Let's take the > > > > S&P500. Using a weekly view : > > > > a.. Buy when Blue+Red+Price BELOW Green and Green > > > > rising channel > > > > b.. Sell when Blue+Red+Price ABOVE Green and Green > > > > falling channel > > > > Sell Augustus 2000, > > > > Buy March 2003, > > > > ... still Long. > > > > > > > > Ton. > > > > > > > > ----- Original Message ----- > > > > From: Rakesh Sahgal > > > > To: Amibroker Yahoogroup > > > > Sent: Monday, October 09, 2006 10:57 AM > > > > Subject: [amibroker] Hurst Channels Code > > > > > > > > > > > > For any of those interested in tinkering with > > > > Hurst Channels, am > > > > attaching code I had recieved from group member > > > > Jason Hart. This code > > > > was written by group member going by the nickname > > > > "Ace". > > > > > > > > I was not able to make much use of it. The reason > > > > was - the values of > > > > the channels, current and in the immediate past > > > > i.e. the projection > > > > zone, were not constant. Since the values of the > > > > projections changed > > > > everyday I had no way of making any meaningful use > > > > of it ( I was > > > > basically looking for what Hurst called "Edge > > > > Band" Trades). If my > > > > understanding was incorrect and anyone can make > > > > sense of them, please > > > > be kind enough to share your insights with the > > > > rest of us. > > > > > > > > Rakesh > > > > > > > > > > > > > > > > > > > > > > > > > __________________________________________________ > > > Do You Yahoo!? > > > Tired of spam? Yahoo! Mail has the best spam protection around > > > http://mail.yahoo.com > > > > > > > > > Please note that this group is for discussion between users > only. > > > > > > To get support from AmiBroker please send an e-mail directly to > > > SUPPORT {at} amibroker.com > > > > > > For other support material please check also: > > > http://www.amibroker.com/support.html > > > > > > > > > Yahoo! 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