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I am trying to change the following Metastock Close Above Prev Peak
formula to Amibroker
STUT := H > Ref(H, -1) AND
Ref(H, -1) > Ref(H, -2);
STDT := L < Ref(L, -1) AND
Ref(L, -1) < Ref(L, -2);
PPeak := If(STDT = 1,
HighestSince(1, STUT, H), PREV);
PPeak;
CAPP := If( C > PPeak, 1, 0);
I have got part of it as below but need help with some of it. I have
had a look at Cross( Close,Peak(High,3,1)) but I want to define the
peak as the highest point between a short term uptrend and a short
term down trend. A short term uptrend occurs if the price breaks the
previous days high on 2 consecutive days (ie 2 consec' days of higher
highs). A short term downtrend is where the price breaks the previous
days low on 2 consecutive days (ie 2 consec days of lower lows).
Once the 2 consec HH or LL occur the price and the trend continues
to rise or fall until a change of trend occurs.
Thanks in advance Phill.
STUT= High > Ref(High,-1) AND Ref(High,-1) > Ref(High,-2);
STDT = Low < Ref(Low,-1) AND Ref(Low,-1) < Ref(Low,2);
Ppeak =IIf(STDT = 1,HighestSince(STUT,High,1),Ref(STDT,-1));
Cross(Close,Ref(Ppeak,-1));
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