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Try This ( Just paste and copy this in your explorer. Let me know how
it goes.
os:= (RSI(14)<=30);
signal:=If((RSI(14)>30 AND Ref(os,-1)=1),1,0);
Alert(signal=1,5);
Manish Shah
shahmani1@xxxxxxxxxxxx
P Umrysh wrote:
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Kevin,
Go back and read the recent messages by Henry, Roy, and
uheh...starting at #6873.
What you should realize is that they are using a method of validating
a condition to be true over a certain timeframe. Your approach should
be similar. In your case you would want the condition to be true at
least once in the last 5 days.
Let me caution you though to this approach. You are trying to trade
whipsaws and I am sure that many a trader will tell you that this is
probably the most difficult of trades to successfully conquer. Look
for the stimulus behind the drive.
Finally, as far as segregating the 3 and 4 character symbols, this is
not my specialty. Maybe someone else will be able to give you some
good advice in this matter.
As far as the reference function question...I am not sure what you
are asking. The reference function will always look into the past for
a value... -1 is equal to yesterday, -2 is equal to the day before
yesterday or 2 days ago.
Preston
--- In Metastockusers@xxxxxxxxxxxxxxx, "Kevin Howard" <kjhoward@xxxx>
wrote:
> Hi fellow Metastock Users,
>
> I am having all sorts of problems with what I would have thought
> was a straight forward exploration, which means that I must be
> doing something very silly although I cannot see what it is.
>
> I am trying to identify shares that have crossed back above the RSI
> (14) 30 level within the past 5 trading days. I am using Metastock
> 7.2 on Australian EOD share data and my Exploration formula is:
>
> Alert (Cross (RSI (14), 30), 5)
>
> My problem is that I am capturing shares and warrants and options
> etc which have not crossed 30 within the time stipulated i.e. they
> have always been above 30 during the past 5 trading days. An
> example is Qantas which I think last crossed 30 on 28 February 2003.
>
> I have tried Alert (Cross (RSI(C, 14), 30), 5) but it does not seem
> to make any difference.
>
> I would be very grateful for any advice and/or suggestions. Also is
> there anyway of eliminating warrants and options, thus capturing
> equities only? In the Australian market, equity codes have 3
> character symbols and derivatives have 4+ characters.
>
> At the end of the day what I am trying to achieve is to shortlist
> equities only (not derivatives) which have crossed back over RSI
> (14) 30 OR have generated a MACD () buy signal within the last 5
> trading days (not the last 5 days the shares may have traded) and
> desirably to list equities that have met both criteria within 3 or
> 4 days of each other.
>
> Finally, and I appreciate that I am seeking help on a number of
> issues, but is there any way of ensuring that Metastock uses
> today's date rather than the last date traded when employing the
> Reference function?
>
> I would be very really grateful for advice on any of the points
> raised above.
>
> Thank You,
>
> Kevin Howard
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