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Hi All:
Somtime back a post was made of the followinf formula described as an
indicator for swing traders (Message # 62207). Request was made to
convert this into an Exploration. Has anyone done this?? If so it
would be most appreciated if you would be so kind as to post the
exploration. Thanks
Dick H.
The afl is:
t=20;x=DEMA(StochD(40),t);Plot(x,"",1,8);
tA=50;xA=DEMA(StochD(40),tA);//Plot(xA,"",7,8);
Cond1=Ref(x,-1)==LLV(x,3);Plot(50*Cond1,"",5,2);
Cond2=Ref(x,-1)==HHV(x,3);Plot(50*Cond2,"",4,2);
k1=BarsSince(Cond1);k2=BarsSince(Cond2);
Plot((k2>k1)*10,"",5,2);Plot((k2<k1)*10,"",4,2);
Coeff=2;
trendbars=20;// calibrate here the start of variable smoothing
t1=IIf(k2>k1 AND k2>trendbars,t+coeff*k1,IIf(k1>k2 AND k1>trendbars,
t+coeff*k2,t));
x1=DEMA(StochD(40),t1);
Plot(x1,"",(x1>Ref(x1,-1))*5+(x1<Ref(x1,-1))*4,8);
GraphXSpace=2;
/*Target:-Medium term--this is not for v short term or intraday but
for swing(!!)or position traders.
buy when red becomes green and sell when green becomes
red...excellent signal to judge the trend.*/
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