Stocks & Commodities V. 24:11 (36-44): Finding point milestones from which to construct trendlines by Giorgos E. Siligardos, Ph.D.
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Stocks & Commodities V. 24:11 (36-44): Finding point milestones from which to construct trendlines by Giorgos E. Siligardos, Ph.D.
The Pascal-like pseudolanguage here finds the points to be used as milestones from which to construct trendlines.
We consider the closing price of a trading vehicle as an array of N values: CLOSE[1], CLOSE[2], ……CLOSE[N]. Also, pivot[1].position, pivot[2].position, pivot[3].position and pivot[4].position is an array that is used to store the time positions of the last four pivots of the SI. Finally, pivot[1].pivottype, pivot[2].pivottype, pivot[3].pivottype and pivot[4].pivottype is an array that is used to store the (+1) or (-1) assignment of the last four pivots of the SI. Expressions in bold italic in the code refer to obvious or previously stated procedures.
The Pascal-like pseudolanguage here finds the points to be used as milestones from which to construct trendlines.
We consider the closing price of a trading vehicle as an array of N values: CLOSE[1], CLOSE[2], ……CLOSE[N]. Also, pivot[1].position, pivot[2].position, pivot[3].position and pivot[4].position is an array that is used to store the time positions of the last four pivots of the SI. Finally, pivot[1].pivottype, pivot[2].pivottype, pivot[3].pivottype and pivot[4].pivottype is an array that is used to store the (+1) or (-1) assignment of the last four pivots of the SI. Expressions in bold italic in the code refer to obvious or previously stated procedures.
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