| StockFetcher Forums · General Discussion · StockFetcher ... can this feature be added ? | << 1 2 3 4 >>Post Follow-up |
| alf44 2,025 posts msg #116870 - Ignore alf44 modified |
11/19/2013 2:37:21 PM . Three-Bar Net Line * PRICES RISING 1.) Find HIGHEST HIGH for the current UPSWING - Label it BAR 1 2.) Look to the LEFT, find the MOST RECENT LOW that is LOWER than the LOW of BAR 1 - Label it BAR 2 3.) Look LEFT again, FIND the MOST RECENT LOW that is LOWER than the LOW of BAR 2 - Label it BAR 3 4.) The THREE-BAR NET LINE is a HORIZONTAL LINE that is drawn ... extending RIGHT from Bar 3 LOWS 5.) The TREND is UP until PRICE CLOSES BELOW the current THREE-BAR NET LINE 6.) The TREND changes from UP to DOWN when PRICE CLOSES BELOW the LOW at 3 7.) If price makes a NEW HIGH or EQUALS THE CURRENT HIGH then recalculate (and redraw) the THREE-BAR NET LINE 8.) The TREND is considered to be UP if price does not CLOSE BELOW the THREE-BAR NET LINE 
---------- * PRICES FALLING 1.) Find LOWEST LOW for the current DOWNSWING - Label it BAR 1 2.) Look to the LEFT, find the MOST RECENT HIGH that is HIGHER than the HIGH of BAR 1 - Label it BAR 2 3.) Look LEFT again, FIND the MOST RECENT HIGH that is HIGHER than the HIGH of BAR 2 - Label it BAR 3 4.) The THREE-BAR NET LINE is a HORIZONTAL LINE that is drawn ... extending RIGHT from Bar 3 HIGHS 5.) The TREND is DOWN until PRICE CLOSES ABOVE the current THREE-BAR LINE 6.) The TREND changes from DOWN to UP when PRICE CLOSES ABOVE the HIGH at 3 7.) If price makes a NEW LOW or EQUALS THE CURRENT LOW then recalculate (and redraw) the THREE-BAR NET LINE 8.) The TREND is considered to be DOWN if price does not CLOSE ABOVE the THREE-BAR NET LINE 
---------- NOTE: INSIDE BARS DO NOT COUNT . |
| alf44 2,025 posts msg #116871 - Ignore alf44 |
11/19/2013 2:48:30 PM ... is it even doable ? . |
| alf44 2,025 posts msg #116872 - Ignore alf44 modified |
11/19/2013 3:04:00 PM ... this is my current quick and dirty "approximation" version. fwiw --------------- ------------------ A (1) ... in the 3_BNL column indicates a "possible" UP 3 Bar Net Line ... A (0) ... in the 3_BNL column indicates a "possible change" in the direction of the 3 Bar Net Line ... A (-1) ... in the 3_BNL column indicates a "possible" DOWN 3 Bar Net Line ... Obviously, no "actual" 3 Bar Net Lines have been drawn on the price plot ... those have to be visualized. BUMMER !!! . |
| Kevin_in_GA 4,599 posts msg #116873 - Ignore Kevin_in_GA |
11/19/2013 4:15:37 PM This gives you some of what you want, but is not as flexible as what I think you are looking for. |
| Kevin_in_GA 4,599 posts msg #116874 - Ignore Kevin_in_GA |
11/19/2013 4:36:19 PM Looking at different candlestick patterns, this also might work: Each of these patterns seems to meet your criteria, although all use only the last three days. |
| alf44 2,025 posts msg #116876 - Ignore alf44 |
11/19/2013 6:03:22 PM ... thanks for the effort, Kevin ! I like your use of the "min" function ... I may play around with that a bit. I would like to see the SF crew take this on ... possibly it could be plotted similarly to the Parabolic SAR. ----- Come on SF ... make this happen ! . |
| Kevin_in_GA 4,599 posts msg #116877 - Ignore Kevin_in_GA modified |
11/19/2013 6:52:08 PM Sure - right after they do that MaxDD() function I asked for. Or that Sharpe() function I asked for way back in 2011 - http://www.stockfetcher.com/forums/General-Discussion/New-SF-function-request-Sharpe-ratio/98359&isiframe= And not to forget about the Hadalert and Valuewhen() function requests from early this year - http://www.stockfetcher.com/forums/Filter-Exchange/Year-to-Date-Return/110079/0 |
| stockfetcher 979 posts msg #116878 |
11/19/2013 7:34:17 PM @alf44: We are currently looking into the feature you requested. Once we have some updates, we'll let you know! Thank you, StockFetcher Support |
| alf44 2,025 posts msg #116879 - Ignore alf44 modified |
11/19/2013 8:49:26 PM . TYVM !!! Fingers crossed !!! . |
| alf44 2,025 posts msg #116880 - Ignore alf44 modified |
11/20/2013 12:06:40 AM . Some background ... Years ago (and we'll leave it at "years ago") ... I spoke with Joe Stowell, the creator of this "Three-Bar Net Line" (along with other stuff) ... on the telephone, at his home. The guy couldn't have been nicer. I had ordered some material from a lecture he had done and had some questions. He politely answered them all ... and in detail. I never forgot that. At that time, few people had heard of a "Three-Bar Net Line" ... probably, not MANY have heard of it today ! That said, many HAVE ... some have even copied it or attempted to embellish it (ie. Daryl Guppy with his "Count Back Line" (CBL). ----- Git on the "GOOGLE Machine" ... search Stowell ... there is some good stuff out there about not only this but, price patterns etc... But, for ME ... this "simple" little "Three-Bar Net Line" idea of his remains my fav !!! . |
| StockFetcher Forums · General Discussion · StockFetcher ... can this feature be added ? | << 1 2 3 4 >>Post Follow-up |