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Thanks for the quick response Ed! Works like a charm.
John
--- In amibroker@xxxxxxxxxxxxxxx, "ed" <ed2000nl@xxxx> wrote:
> see manual: you need to use: 50 - RSI(n)
>
> because with PositionScore the scores are sorted according to the
absolute value of PositionScore.
>
> RSI moves between 0 and 100. 50 - RSI(n) results in an array
ranging between -50 and 50. Position score remembers the sign and
will use a positive number for a LONG entry and a negative number for
a SHORT entry. On the other hand to decide whether to take a long or
a short trade it uses the absolute value.
>
> So if the PositionScore results in -34, 36 and we only may enter 1
trade then it takes the absolute value and finds 36 as the best
entry. Looking at the sign it knows that it should be a LONG trade
entry because 36 is a positive number.
>
> rgds, Ed
>
>
> ----- Original Message -----
> From: fsmart21
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, July 23, 2004 6:57 PM
> Subject: [amibroker] Question regarding position score
>
>
> How can I assign a different position score for buy and short
trades
> within the same formula?
>
> Current PS:
>
> PositionScore =ValueWhen( Cross( PDI(n), MDI(n) ), RSI(n2), 0);
>
> This works fine for buy orders, but not short orders. Need this
PS
> for short:
>
> PositionScore =ValueWhen( Cross( PDI(n), MDI(n) ), 100-RSI(n2),
0);
>
> But how do I build this into one formula?
>
> Right now my short signals are being ranked based on the highest
RSI,
> but I need them ranked on lowest RSI.
>
> Thanks,
>
> John
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
>
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