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Is it possible to create the dynamic zone indicator in metastock ver 6.5?
If anybody does have the code I would appreciate very much if you could let
me know.
The Easy Language code for Tradestation & SuperChart is reproduced below and
is taken from page 27 of the summer '98 issue of Omega Research Magazine.
RSI-DZ2
Inputs:PriRSI(Close), LenRSI(9), LookBack(70), StD(2.5), Smooth(1);
Vars: MidBand(0), HighBand(0), LowBand(0);
MidBand=Average(RSI(PriRSI, LenRSI), LookBack);
HighBand=MidBand+StdDev(RSI(PriRSI, LenRSI), LookBack) * StD;
HighBand=Average(HighBand, Smooth);
LowBand=MidBand-StdDev(RSI(Pri(RSI,LenRSI), LookBack) * StD;
LowBand=Average(LowBand, Smooth);
Buy/Sell rules for system
If RSI(PriRSI, LenRSI) Crosses Over LowBand Then Buy on Close;
If RSI(PriRSI, LenRSI) Crosses Under HighBand Then Sell on Close;
If RSI(PriRSI, LenRSI) Crosses Under LowBand Then ExitLong on Close;
If RSI(PriRSI, LenRSI) Crosses Over HighBand Then ExitShort on Close:
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