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Didn't study your concept, but in your code example you have a redundant
statement in that you are setting Buy = Low and Low = your condition (no
harm, no benefit unless you are plotting Low or something later on, but you
could plot Buy just the same)
Anyhow, you probably aren't getting many sells because you ARE getting many
buys that are less than 7 days apart. Your sell statement only checks the
LAST buy condition. So, it will never exit until you have 2 Buy conditions
that are more than 7 days apart.
Buy = Low = LLV(Low, 6) AND Close > Ref(Close, -1);
Sell = BarsSince (Buy) == 7;
--
Terry
From: "vb_MCSE" <av_inon@xxxxxxx>
Reply-To: amibroker@xxxxxxxxxxxxxxx
Date: Sun, 31 Oct 2004 16:23:34 -0000
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Bars since Buy signal - how to code in AFL ?
--- In amibroker@xxxxxxxxxxxxxxx, "vb_MCSE" <av_inon@xxxx> wrote:
>
> Hi:
> Caught this Trend Change system from an old Tradestation video from
Omega.
>
> Hi:
> Caught the following on an old Tradestation video from Omega:
>
> Buy signal when:
> Today's Low is lower than the lowest Low of past 6 days
> AND
> Today's Close is Greater Than Yesterday's Close.
>
> Sell signal when:
> If Bars Since Entry = 7 then Sell on Close.
>
Just tried another variation and now I get tons of buy signals and a
few sell signals.
Buy = Low = LLV(Low, 6) AND Close > Ref(Close, -1);
Sell = BarsSince (Buy) == 7;
The Sell signal should occur 7 bars after each buy signal. I think I'm
getting closer. Any suggestions would be most appreciated.
vb
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