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Thanks for the info.
I will see what I can do programmatically and let you know.
----- Original Message -----
From: "Matthew R. Kratter" <mkratter@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, June 25, 2000 2:13 PM
Subject: Re: System Tester and Three-line break
> Hi Tom and all
>
> Thank you so much for your offer of help. I really appreciate it!
> In Metastock, the three-line break indicator is actually included under
Format
> >Prices>Color/Style>Price Style. If you chart a stock (say, AOL on a
daily
> close basis), you will see that it shows uptrends and downtrends, with
very few
> price whipsaws.
> The three-line break system was invented by the Japanese, and introduced
to the
> West by Steve Nison in his book *Beyond Candlesticks*. It is essentially
a
> moving channel breakout system, in which a "close" less than three closes
back
> causes a reversal of the prevailing trend; in the prevailing trend, you
count
> only new daily highs (in the case of an uptrend), or new daily lows. The
only
> tricky reversal price is #3 which uses the penultimate price of the
previous
> trend as a break/reversal price. Let me know if you need a more precise
> details. Metastock also allows x-line break. I have found 13-line break
to be
> especially helpful in defining longterm futures trends. It is uncanny how
> effective 3-line break charting works as a complete trading system unto
> itself. I have been using it to trade Nasdaq stocks and currency futures,
and
> can testify to its efficacy.
>
> Best,
> Matt
>
> Tom Bowen wrote:
>
> > Matt;
> >
> > I have the MetaStock SDK software and I believe Equis is wrong.
> > I think this can be programmed and would be willing to try however I
cannot
> > locate this "three-line break" indicator in MetaStock 7.01.
> > Can you tell me how to obtain this indicator?
> > Of course I would be willing to share my code when I'm done.
> > Thanks.
> >
> > ----- Original Message -----
> > From: "Matthew R. Kratter" <mkratter@xxxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Sunday, June 25, 2000 12:23 PM
> > Subject: Re: System Tester and Three-line break
> >
> > > Thank you for your reply, Sonny.
> > > That really is too bad if it is true!
> > >
> > > Sincerely,
> > > Matt
> > >
> > > Sonnysark@xxxxxxx wrote:
> > >
> > > > In a message dated 6/24/00 12:44:41 PM Pacific Daylight Time,
> > > > mkratter@xxxxxxxxxxxxx writes:
> > > >
> > > > << Dear List
> > > >
> > > > I am trying to figure out how to use the Metastock system tester to
> > test
> > > > trading
> > > > using the three-line break indicator on a daily basis. What I
would
> > like to
> > > > do
> > > > is go long when the three-line break goes long, and vice versa on
the
> > short
> > > > side. I am sure that there is a simple way of stating this in the
> > Metastock
> > > > programming language, but I can't seem to figure it out.
> > > > Any hints would be much appreciated!
> > > >
> > > > Thanks in advance,
> > > > Matt
> > > > mkratter@xxxxxxxxxxxxx
> > > >
> > > >
> > > >
> > > >
> > > > I was told by Equis that it can not be done. -Sonny-
> > >
> > >
> > >
> > >
>
>
>
>
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