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Would not waste my time with that, did extensive experimentation
with this in TradeStation and I could not get it to be profitable in
today's environment. Basically it was developped during the boom
years which was an anomaly in the trading history. In a means
reverting environment as we have now you are just p*&ssing your
account away. In my case it stopped working after the start of the
Iraq war (when the range started to collapse)
In addition there are mistakes in the MetaTrader code.
best wishes for 2006 and GTTY
L
--- In amibroker@xxxxxxxxxxxxxxx, "eman197" <kb1fuo@xxxx> wrote:
>
> I'm looking for the ASCTrend indicator for Amibroker. Has anyone
> coverted the MetaTrader ASCTrend Indicator shown below in MQ4 into
> Amibroker's language? I've searched all the Amibroker messages and
> haven't found it. Does anyone know if it has been posted and I
missed
> it? If not, anyone willing to try and modify it for Amiboker?
>
> Thanks.
>
> eman
>
> //+----------------------------------------------------------------
--+
> //| ASCTrend1sig_noSound.mq4
> //| Ramdass - Conversion only
> //+----------------------------------------------------------------
--+
>
> #property indicator_chart_window
> #property indicator_buffers 2
> #property indicator_color1 Magenta
> #property indicator_color2 Aqua
>
> //---- input parameters
> extern int RISK=3;
> extern int CountBars=300;
>
> //---- buffers
> double val1[];
> double val2[];
>
>
> //+----------------------------------------------------------------
--+
> //| Custom indicator initialization
function |
> //+----------------------------------------------------------------
--+
> int init()
> {
> //---- indicator line
> IndicatorBuffers(2);
> SetIndexStyle(0,DRAW_ARROW);
> SetIndexArrow(0,234);
> SetIndexStyle(1,DRAW_ARROW);
> SetIndexArrow(1,233);
> SetIndexBuffer(0,val1);
> SetIndexBuffer(1,val2);
>
> //----
> return(0);
> }
> //+----------------------------------------------------------------
--+
> //|
ASCTrend1sig |
> //+----------------------------------------------------------------
--+
> int start()
> {
> if (CountBars>=1000) CountBars=950;
> SetIndexDrawBegin(0,Bars-CountBars+11+1);
> SetIndexDrawBegin(1,Bars-CountBars+11+1);
> int i,shift,counted_bars=IndicatorCounted();
> int Counter,i1,value10,value11;
> double value1,x1,x2;
> double value2,value3;
> double TrueCount,Range,AvgRange,MRO1,MRO2;
> double Table_value2[1000];
>
> value10=3+RISK*2;
> x1=67+RISK;
> x2=33-RISK;
> value11=value10;
> //----
> if(Bars<=11+1) return(0);
> //---- initial zero
> if(counted_bars<11+1)
> {
> for(i=1;i<=0;i++) val1[CountBars-i]=0.0;
> for(i=1;i<=0;i++) val2[CountBars-i]=0.0;
> }
> //----
> shift=CountBars-11-1;
> while(shift>=0)
> {
>
> Counter=shift;
> Range=0.0;
> AvgRange=0.0;
> for (Counter=shift; Counter<=shift+9; Counter++)
> AvgRange=AvgRange+MathAbs(High[Counter]-Low[Counter]);
>
> Range=AvgRange/10;
> Counter=shift;
> TrueCount=0;
> while (Counter<shift+9 && TrueCount<1)
> {if (MathAbs(Open[Counter]-Close[Counter+1])
>=Range*2.0)
> TrueCount=TrueCount+1;
> Counter=Counter+1;
> }
> if (TrueCount>=1) {MRO1=Counter;} else {MRO1=-1;}
> Counter=shift;
> TrueCount=0;
> while (Counter<shift+6 && TrueCount<1)
> {if (MathAbs(Close[Counter+3]-Close[Counter])
>=Range*4.6)
> TrueCount=TrueCount+1;
> Counter=Counter+1;
> }
> if (TrueCount>=1) {MRO2=Counter;} else {MRO2=-1;}
> if (MRO1>-1) {value11=3;} else {value11=value10;}
> if (MRO2>-1) {value11=4;} else {value11=value10;}
> value2=100-MathAbs(iWPR(NULL,0,value11,shift)); // PercentR
(value11=9)
> Table_value2[shift]=value2;
> val1[shift]=0;
> val2[shift]=0;
> value3=0;
> if (value2<x2)
> {i1=1;
> while (Table_value2[shift+i1]>=x2 && Table_value2
[shift+i1]<=x1){i1++;}
> if (Table_value2[shift+i1]>x1)
> {
> value3=High[shift]+Range*0.5;
> val1[shift]=value3;
> }
> }
> if (value2>x1)
> {i1=1;
> while (Table_value2[shift+i1]>=x2 && Table_value2
[shift+i1]<=x1){i1++;}
> if (Table_value2[shift+i1]<x2)
> {
> value3=Low[shift]-Range*0.5;
> val2[shift]=value3;
> }
> }
>
> shift--;
> }
>
> return(0);
> }
> //+----------------------------------------------------------------
--+
>
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