1-2-3 High Low Pattern and Ross Hook |
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maximo
BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Topic: 1-2-3 High Low Pattern and Ross Hook Posted: 25 Jun 2012 at 4:16pm |
Hi stefanols,
There is no distinction between 123 High-Low and 123 Ross Hook.
They are one in the same. A 'Ross Hook' is actually a fractal point
and 3 of those fractal points of Highs-Lows form a 123 pattern or
what Ross likes to call a 123 Ross Hook, no difference.
If you are referring to the other formula, then it's limited to finding
10% swings or greater. Switching to weekly charts and using the
indicator I posted will find these and more, inc. those below 10%.
Good trading!
Edited by maximo - 25 Jun 2012 at 4:20pm |
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stefanols
Newbie Joined: 29 Jul 2010 Location: Sweden Posts: 8 |
Post Options Quote Reply Posted: 24 Jun 2012 at 6:01pm |
Hi Maximo,
Nice work with the 123 high and low. It would be great if
you could make the Ross Hook to work as well.
Thanks Stefan
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jazza
Regular Joined: 10 Aug 2007 Posts: 33 |
Post Options Quote Reply Posted: 18 Jun 2012 at 2:22am |
Hi Maximo, Many thanks for the getting the Classic 1-2-3 pattern working. Now loaded and will analyze over the ensuing months Where would the Bullcharts community be without your continuous Bullscript contributions. Very much appreciated for your time and effort. Cheers Jazza
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maximo
BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232 |
Post Options Quote Reply Posted: 17 Jun 2012 at 11:54pm |
Hi Jazza,
I got the 1-2-3 Patterns working.
{ Indicator Name: 1-2-3 Patterns }
[Target =price]{ RSI } n := input("RSI period",14,1);nb:= n*2-1; {=wilder's smoothing }Su:= Ma(If(C-Ref(C,-1) > 0, C-Ref(C,-1), 0),nb,E);Sd:= Ma(If(C-Ref(C,-1) < 0, Ref(C,-1) - C, 0),nb,E);rs:=100-100/(1 + (Su/sd)); { 1-2-3 HIGH } Mx:= Ma(H,4,S);SigLong:= H < Ref(H,-1) AND H < Mx ANDRef (H,-1) > Ref(Mx,-1) ANDHHV (H,4 ) < HHV(H,10) ANDrs>50; [name =1-2-3 HIGH; linestyle=marker; marker=type2]If (SigLong and SigLong <> hist(SigLong,1),1,0);{ 1-2-3 LOW } My:= Ma(L,4,S);SigShort:= L > Ref(L,-1) AND L >My ANDRef (L,-1) < Ref(My,-1) ANDLLV (L,4 ) > LLV(L,10 ) ANDrs<50; [name =1-2-3 LOW; linestyle=marker; marker=type1]If (SigShort and SigShort <> hist(SigShort,1),1,0); |
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jazza
Regular Joined: 10 Aug 2007 Posts: 33 |
Post Options Quote Reply Posted: 01 Jun 2012 at 12:29pm |
Can anyone help. Would be much appreciated. Thanks in advance. Jazza
1-2-3 High or Low LOW HIGH (Go Top) Col A:
Peak(1,H,10)<=1.1*Peak(2,H,10) Filter colA=1 OR colB=1 OR colC=1 |
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