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Help from MS to AB gurus: PnT exploration.
I am trying to understand the following from Guppy’s newsletter:
Metastock Peak to Trough Exploration:
Col A: ((Peak(1,H,1)-Trough(1,L,1))/Trough(1,L,1)*100)
Col B: CLOSE>Ref(HHV(C,25),-1)
Filter colB=1 AND V>200000 AND C>Mov(C,40,E) AND colA<=15
I presume in Metastock-ese the Peak(1,H,1) refers to AB Peak(H,1,1) ? Is this correct?
Then I would need the following:
p = Peak(H,1,1);
t = Trough(L,1,1);
Perc = 100 * ((p -t)/t );
Filter = Close > (Ref(HHV(C,25), -1))
AND Volume > 200000
AND C > EMA(C,40)
AND Perc < 15;
AddColumn(p,"peak",1.2);
AddColumn(Perc,"%change",1.2);
AddColumn(PeakBars(H,1,1),"barssincepeak",1);
Is this saying the same thing as the MS code?
TIA
ChrisB
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