The Relative Slope Pivots.afl
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上传日期:2009-06-12
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- //------------------------------------------------------------------------------
- //
- // Formula Name: The Relative Slope Pivots
- // Author/Uploader: Dimitris Tsokakis
- // E-mail:
- // Date/Time Added: 2002-03-25 04:30:18
- // Origin:
- // Keywords:
- // Level: advanced
- // Flags: indicator
- // Formula URL: http://www.amibroker.com/library/formula.php?id=181
- // Details URL: http://www.amibroker.com/library/detail.php?id=181
- //
- //------------------------------------------------------------------------------
- //
- // Definitions:
- //
- // "RS up pivot" (RSUP) is the population of stocks presenting a bearish
- // turning point (bearish pivot)
- //
- // over a certain (positive) level of their Relative Slope value.
- //
- // "RS down pivot" (RSDP) is the population of stocks presenting a bullish
- // turning point (bullish pivot)
- //
- // below a certain (negative) level of their Relative Slope value.
- //
- // The two levels are predetermined and estimated by the Technical Analyst, as
- // the levels where the majority of stocks obtained their maximum
- // (respectively minimum) Relative slope value.
- //
- // Observation indicates that an 80% of this level performs well.
- //
- // In the following code, conditions RS>2 and RS<-2 are used respectively.
- // They may be modified according to market profile.
- //
- //------------------------------------------------------------------------------
- /*RSPIVOTS*/
- K=EMA((H+L+C)/3,10);
- S1=2*(K-Ref(K,-1))/(K+Ref(K,-1));
- RS=100*EMA(S1,3);
- s3=RS<Ref(RS,-1) AND Ref(RS,-1)>Ref(RS,-2) AND RS>2;
- s4=RS>Ref(RS,-1) AND Ref(RS,-1)<Ref(RS,-2) AND RS<-2;
- values9 = s3>0;
- values10=s4>0;
- AddToComposite(Values9,"~rsuppivot","V");
- AddToComposite(Values10,"~rsdownpivot","V");
- Buy=0;