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Re: Trading the Trends Andrews indicator of 24 August,



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To AJ Maas,

I am dropping in on your discussion with Rene. Could you explain what you
are changing when you change the colours as you suggest.  Your procedure
simply shows up days as blue, down days as red, etc. What the Andrews
indicator in sept S and C shows is the colour change when the indicator and
price line cross; ie you are red when short etc; to do this I think you
need to use some "write if" code. What do you think?

regards

Simon    (  England   )
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From: A.J. Maas <anthmaas@xxxxxx>
To: Metastock List <metastock@xxxxxxxxxxxxx>; rajesh@xxxxxxxx
Cc: Rene Dennesen <dennesen@xxxxxxxxxxxxxx>; rijt, wil v.d.
<wil.rijt@xxxxxx>
Subject: Re: Trading the Trends
Date: 24 August 1998 03:09

>Do you have the exploration and the indicator ready? Would you be kind
>enough to mail the file?

With Andrews description and the formulas below there should not be any
problem writing the next in Metastock. Will do the first one.
1.-the indicator(incl. the colored bars)
2.-its accompaning Exploration
3.-and Experts

TTT-TREND TRAILING Ind - Andrew Abraham
{from TASC article SEP98 - TRADING THE TRENDS}
VOLAInd :=Mov(ATR(21),1,W)*3;
If(
C>Ref(C,-21) AND C>VOLAInd,
HHV(H,21)-Ref(VOLAInd,-1),
Ref(VOLAInd,-1)+LLV(L,21))
{CHANGE BAR COLORS:
double click on the price plot in the chart, from the Color/Style page
click the UP drop-list and choose darkblue for upwards, and red for
downward price changes}

Regards,
Ton Maas
Ms-IRB@xxxxxxxxx


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