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Chaitanya,
not exactly sure if I have understood your system
but here is my interpretation below. When in a long term uptrend the price moves
down 5 consecutive bars and then closes green including a higher high is set
then buy the next bar at the open, similar story for short,
Ed
per =220;
// use map for the trend
indicator
map = MA(C,per); dmap = map -
Ref(map,-1);
// number of downbars
tt = NumDownBars = BarsSince( C >= Ref(C,-1));
// number of up bars
ss = NumUpBars = BarsSince( C <= Ref(C,-1));
// buy constraint: down 5 bars in a row, then
last bar high greater than previous high, trend is up
bc1 = Ref(tt >= 5,-1)
AND H > Ref(H,-1) AND C > Ref(C,-1) AND dmap > 0;
Buy = bc1;
Buy = Ref(Buy,-1);
BuyPrice =
O;
sc1 = Ref(ss >= 5,-1)
AND L < Ref(L,-1) AND C < Ref(C,-1) AND dmap < 0;
Short = sc1;
Short =
Ref(Short,-1); ShortPrice = O;
SetChartOptions(0,
chartShowDates);
GraphXSpace = 5;
Plot(C,"C",1,64);
PlotShapes(IIf(Buy,shapeUpArrow,0),colorWhite, layer = 0,
yposition = BuyPrice, offset = 0 );
PlotShapes(IIf(Short,shapeHollowDownArrow,0),colorLightBlue, layer = 0,
yposition = ShortPrice, offset = 0
);
----- Original Message -----
Sent: Thursday, June 28, 2007 12:08
AM
Subject: [amibroker] How to wait for the
Top or Bottom of the previous bar to be taken out?
Hello all,
How can i code something like this (presented in Oliver
Valez
presentations):
For short setup:
1. Wait for 3
bars to close green (above yesterdays closes for 5
days).
2. Now
basically sell (short) when the next bar closes below the Low
of the
previous bar.
reverse for long setup.
I can check for 5 bars to
close green using
BuySignal = (C > Ref(C,-1)) AND (Ref(C,-1) >
Ref(C,-2)) AND (Ref(C,-
2) > Ref(C,-3));
Buy =
BuySignal;
But how do i make it wait for the previous bars low to be
taken out
before going short.
Additionally: use the setup in the
direction of the prevailing trend
or some other filter on top of this
setup
thanks
Chaitanya.
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