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1993-09-08
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98 lines
Whats Up Doc. for CYCLEKT Ver.1
------------------------- -----
THIS IS BEING MADE AVAILABLE THROUGH THE SHAREWARE CONCEPT.
If interested, you know the rest.
Ken Turkin
6129 N. Francisco
Chicago, Ill. 60659
A SIMULATION OF COMBINED MARKET WAVE FORMATIONS:
-----------------------------------------------
This program creates a complex wave form by summing user defined
wave lengths. The resultant wave does have an appearance similar to common
market activity. All of the parameters required are easy to input and are
quite flexible.
This exercise has many positive aspects to it. Most of these will
give you a different perspective on how to take advantage of your favorite
markets. Other interesting benefits might include:
1. Training your eyes to see how price action can be developed.
2. Showing how common and infamous chart patterns are formed.
3. To show the end result of how different groups of people acting
together and YET independently create a new and more complex set
of chart patterns.
4. Sensing that maybe there is something driving the market.
5. Beleiving in what you see and formulating a game plan to act
confidently.
6. To offer another view of what everyone else is looking at.
No assumptions are being made, nor any trading disciplines being hyped.
This is like learning any other creative art form. Don't just memorize the
mechanics, but use the most important force you have and experiment,
observe and most of all, FEEL what you see.
FOLLOWING THE MAIN PROMPTS:
--------------------------
Defaults are in < > when necessary.
1. Enter the time periods - the number of bars,records,etc
<120 = default 600 = maximum>
2. Enter how many Wave Lengths - the number of different components.
<3 = default 10 = max.>
3. Enter how many Cycles - how many times should this complex
wave be created (they will not always look the same).
<1 = default ? = Max.>
GETTING MORE SPECIFIC:
---------------------
Developing each component wave length seperately.
1. Enter the Wave Length (# of bars, periods,etc.) using Harmonics.
A harmonic is a fraction of the whole (# of time periods).
<1 = default>
Example - if you had 100 time periods ... a Harmonic of 2
would give you a wave 50 bars long ... a Harmonic of 6.666
would give you a wave 16 bars long ... a Harmonic of .3333
would give you a wave 300 bar long (but only 100 will be
displayed on you screen).
2. Enter the Phase Angle (0 to 360 degrees + or -)
<0 = default>
Phase Angle refers to where do you want your wave to begin
relative to the baseline.
All sine waves are actually circles but drawn with respect to
the x-axis (the time line on chart bottoms).
3. Enter the Amplitude - the size of the wave from top to bottom.
<Automatic = default Manual = enter each value yourself>
For Automatic, the amplitudes are in a semi-log (natural
square root of 2) proportion to each other with respect
to their length.
4. Enter Sine or Cosine Wave - one is 90 degrees out of phase at the
start.
<Sine = default>.
Don't worry about the technical stuff. The markets aren't exact either.
Just experiment.
Sine waves were used 'cause they're suitable enough for general
market behavorial forms.
FINALLY THE COMPLEX WAVE APPEARS:
--------------------------------
All components are drawn in proportion to each other going around the
0 baseline (center).
The Composite Wave is drawn thicker in similar color as the baseline.
Hit ENTER for manual adjustments to your Waves.
Q will end your session - Returns will redraw your sceen.
L will give you the choice to draw all the lines or only the
ComplexWave Line or just the Component Waves.
All questions are similar to the above.
The information listed for each Wave Length is:
Wave Number Harmonic Amplitude Phase Angle and Sine or Cosine
= = = = =
If interested...this is only a taste.
Thank You.