Registered User
Joined: 2/19/2005
Posts: 38
|
I am doing some work on Darryl Guppy's Trend Trading methodology and I can easily implement the GMMA. At the moment, I am having trouble figuring out the Count Back Line automatically as a calculated value.
By definition, you start with the most recent low, the most significant price bar (a). We move to the top of price bar (a) and then move across to the left to locate the next highest price bar in the current downtrend. This is the next significant price bar (b). Then we move to the top of price bar (b) and across to the left to the next price bar with a higher high. This is the third significant price bar (c). The high of bar (c) is the Count Back Line.
PCF anyone?
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
This wouldn't really work well with telechart.
(maybe stockfinder could do it if exact definitions
were specified)
Telecharts PCF language works better when rules are "laws".
(anything subjective is difficult,
"significant price bar", "recent low")
This is one of those things that our brain does well
but is difficult to define for programming.
Thanks
diceman
|
Registered User
Joined: 2/19/2005
Posts: 38
|
Yah, I had the same problem trying to figure it out.
Thanks.
|
Registered User
Joined: 2/28/2005
Posts: 825
|
Now that SF5 is maturing is it possible for someone to create/share a chart for Guppy's Count Back Line?
TIA
Art
|