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Date/Time: Sun, 12 Jan 2025 19:08:36 +0000
[User Discussion] - The Guppy (GMMA) and the CBL (Count back line)
View Count: 11609
| [2013-09-07 17:48:29] |
| Atlatyl - Posts: 19 |
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I’ve been exploring, and have been quite happy with Daryl Guppys’ Multiple Moving Average system, which mixes two set of EMA’s representing Speculative $ and Big $, and makes the trend almost impossible to ignore. (Studies>Add Custom Study>Kiwi’s stuff > Guppy MMA *or* Studies>Add Custom Study>User Contributed Studies> Guppy MMA) Part of his method includes what he calls the Count Back Line, for a heads up regarding trend change as well as a stop loss once onboard. In a nutshell it trails a line, (downtrend) much like Kiwi’s Trailing Stop, that keys off a new low, and measures back 3 higher-highs of preceding candles, with the current candles high as the starting point. Although Daryl uses it in conjunction with daily charts, and claims it is not an entry system in and of itself, my experiments using it with range bars/intraday suggests otherwise…quite nicely at extremes or supply/demand zones. I also really like it because it is entirely price- action based. I can write spreadsheet lingo (lets say a downtrend) for a simple trailing line 3 bars back that maintains the high 3 bars back as long as each succeeding bar is lower than the last…I get hung up trying to maintain that line when there is a bit of chop under it. After a couple days of trying…just can’t wrap my head around it. Wondering if any ascii~friendly users out there could create this indicator? It would be greatly appreciated, and you might find some interesting results with it ; ) Construction of the Count Back Line http://www.scribd.com/doc/147622648/Daryl-Guppy-Applying-the-Count-Back-Line-Entry-Trading-on-Volume-and-With-ATR If you’re interested in the Guppy method, Google, “Guppy trading” and you’ll find tons of info. The first image is what I’m after, the second is a sample of the GMMA Tia, -Atlatyl |
 Count back line.gif / V - Attached On 2013-09-07 17:45:40 UTC - Size: 37.97 KB - 2760 views 329GMMA Example.jpg / V - Attached On 2013-09-07 17:45:52 UTC - Size: 41.6 KB - 2023 views Attachment Deleted. |
| [2013-09-21 15:47:44] |
| Atlatyl - Posts: 19 |
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Ok..I'm offering some pix from this last week as a teaser. Examples are using my best attempt to formulate the CBL, which is not entirely correct. White arrows are algorithmically generated,and are longs only..you can eyeball the short potential. CountBackLine has been corrected where appropriate with a blue dash.I've added some other parameters to the trigger equation, like ensuring price is within a 50+ period low, for example...but the CBL is 85% of the guts of the entry. I'm aware 23 trades "does not a system make", I'd just would love to get this indicator stable so I can start fine tuning the entry equation for stats. Does a 70%+ hit rate risking 90 bucks to make $260, with an average run of $500 interest anybody that can write Ascii? :) |
| Attachment Deleted. |
| [2013-09-21 20:48:42] |
| Sawtooth - Posts: 4149 |
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Would you mind sharing your spreadsheet study so that we could pick up where you are?
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| [2013-09-21 22:52:31] |
| Atlatyl - Posts: 19 |
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Hi Tom..was hoping you might show up : ) Here's the chartbook..hope the upload works. You might recognize the time formula in O3..I'm thinking I got it from you many years ago ; ) BB-tried to send a message to Kiwi..not sure I have the correct contact info |
 __CBL Test.cht - Attached On 2013-09-21 22:51:26 UTC - Size: 28.07 KB - 650 views |
| [2013-09-21 23:25:48] |
| Sawtooth - Posts: 4149 |
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Atlatyl, I also need the __CBL Best__SC.scwbf file.
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| [2013-09-22 00:20:30] |
| Atlatyl - Posts: 19 |
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oops...sorry Tom, here you go |
| __CBL Best __SC.scwbf - Attached On 2013-09-22 00:19:01 UTC - Size: 20.87 MB - 905 views |
| [2013-09-28 16:11:02] |
| Atlatyl - Posts: 19 |
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Any luck, Tom?
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