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Hello,
I've found on WEB the following Metastock
formula:
<FONT face="Courier New"
size=2>If(Mov(C-Ref(C,-5),10,E)>(Mov((Ref(C,-1)-Ref(C,6)),10,E)),1,-1)
If I'm not wrong, it could be easily
converted in AFL:
<FONT face="Courier New"
size=2>If(EMA(C-Ref(C,-5),10)>EMA((Ref(C,-1)-Ref(C,6)),10),1,-1);
but what is it for Ref(C,6)? It
looks into the future, and it's not a typo because the author says its formula
is for long term trends and suggests to replace Ref(C,6) with Ref(C,-6) for
short term trends. How does this formula work? How about?
Franco
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