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Craig ,
Sorry but I probably didn't explain myself very well. What I really
really want is :
A buy signal in an expert on the first occasion that the security penetrated
the up fractal, at the current level of the up fractal. If another up
fractal forms higher I would like to display another buy signal if that up
fractal is penetrated, but only on the first occasion.
On your chart of WPI in the congestion area in May there should be only 2
buy signals.These are buy stops so should be displayed on the day the
security breaks up.
I am trying to set up a template and expert based on Bill Williams book
New Trading Dimensions, which discloses 90% of the indicators in his program
investors dream.
I have the AO and AC indicators and the bars all coloured correctly but am
having trouble putting the signals into Metastock.
Has anyone worked out the moving averages ??
The red line is suppose to be "an 8 bar smoothed moving average offset 5
bars into the future ". I interpreted that as an exponential displaced 5
periods but it isn't. I have tried all of the options in MS but cannot
replicate it. Any ideas ??
If anyone else wants to help jump in , I am quite happy to share the
results.
Murray
>
>
>
> Murray,
>
> To complete this fractal trilogy, a graphic of your signal
> prescriptions. The inverse sell would be:
>
> Cross(Fml("down fractal"),LOW) AND
> Ref(BarsSince(Cross(Fml("down fractal"),LOW)),-1) >
> BarsSince(HIGH>Fml("up fractal"))
>
> Both look rather convincing on WPI from a random sampling. Please fill
> in any other blanks you may devise.
>
> Craig
>
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