DrKoch's HiLoLimit Indicator
Author: thodder
Creation Date: 9/9/2009 10:13 AM
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thodder

#1
I've ported DrKoch's HiLoLimit Indicator from WL4 to WLP5.4 (http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/libraryview?item=234). Could you add this to the Community.Indicator library?

CODE:
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Eugene

#2
Thanks again for sharing the work. Will be included in Community.Indicators 2009.10.
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thodder

#3
I figured if DrKoch could share the original design, I could certainly share the port. You're welcome.
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warren631

#4
Thodder - thank you for doing this conversion work for all of us.
Eugene - when will Community.Indicators 2009.10 be available? End of October?
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Eugene

#5
I think today.
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thodder

#6
Thanks Eugene!

You could use this as an example. I ported DrKoch's Basic HiLoLimit Trader to WLP5:

Basic HiLoLimit Trader: http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=28887
AutoStops: http://www2.wealth-lab.com/WL5Wiki/kbAutoStops.ashx

CODE:
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Eugene

#7
Thanks Tim. I have a better idea - how about publishing the Strategy on the site?
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thodder

#8
I could; however, there was a spot on the HiLoLimit page for an example (http://www2.wealth-lab.com/WL5WIKI/Default.aspx?Page=HiLoLimit). It just seemed appropriate for it to go there since this was DrKoch's example.

If I publish this strategy, you know there are going to be questions on why this does not work as some will not have the latest Community.Components and Community.Indicator libraries installed.
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Eugene

#9
QUOTE:
It just seemed appropriate for it to go there since this was DrKoch's example.

That's right, but unless AutoStops are in Community.Components (and they aren't currently), including them in your code makes the example pretty difficult to read from screen. (We aim for quick concise examples in those indicator descriptions. And since the code is pretty long, everyone will rather copy/paste it in the editor, and here is where Strategy Downloads shine.)
QUOTE:
If I publish this strategy, you know there are going to be questions on why this does not work as some will not have the latest Community.Components and Community.Indicator libraries installed.

Highlighting this fact in Strategy Description is enough.
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thodder

#10
Public strategy uploaded.
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Eugene

#11
Thank you. It's available now.
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kribel

#12
Hi,

I had a look at the HiLoLimit Indicator and I am convinced that it does nice things. I looked at some forum threads and the Wiki.

The problem is, that I understand the formula, but I do not understand what information the indicator is telling about the stock behind it. Can some body help to understand it in more detail?

Many thanks!
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Cone

#13
Since "minrange" is 0 in the script, HiLoLimit is just the Low of the last n-period bars plus a percentage of the High-to-Low range over the same n-period. The percentage is set by the HiLowLevel slider, which can be negative. Since the result is used as the limit price for the next bar, the series is advanced by one bar in the plot to show the crossings.

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LenMoz

#14
Is HiLowLimit a tradeable strategy? Like most of the "Dip Buyer" strategies, it issues a limit buy for every stock in the portfolio, at every single bar, but setting the limit price such that most will not be met. But on a sharply lower day like last Friday, a fair number of them may trigger.

I'll just ask the larger question. How would (all of) these orders be entered?