[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

RE: [amibroker] Re: Exit Strategy



PureBytes Links

Trading Reference Links

Thanks Mike
 
 
-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]On Behalf Of Mike
Sent: Wednesday, 19 March 2008 4:10 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Exit Strategy

Hi,

Your formula, as written, checks to see if the high minus the low is
greater than 6 times the average true range of the last 30 days (i.e.
if ATR of last 30 days is $1, you're code is checking if high minus
low is greater than $6).

Also, average true range (ATR) as implemented in AmiBroker is not
necessarily equal to high minus low:

http://stockcharts.com/education/IndicatorAnalysis/indic_ATR.html

Mike

--- In amibroker@xxxxxxxxxps.com, "Steve Carlsson" <stevecar144@...>
wrote:
>
> Hi all
>
> Please bear with me I am a novice...
>
> Sell= H-L > 6 * ATR(30);
>
> The code above is supposed to check if the high minus the low on
any given
> day produces a figure larger than the 30 day average trading
range.....
>
> I am not sure if the code is doing what I think its doing - any
ideas...
>
> Thanks in advance
>
> Steve C
>

__._,_.___

Please note that this group is for discussion between users only.

To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com

For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/

For other support material please check also:
http://www.amibroker.com/support.html




Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___