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I'm having a problem, and asking for help, with the following:
An uptrend is defined as: if (days since RSI(9) > 70) < (days since
RSI(9) < 30) and the lowest low value of RSI(9) since then > 40.
A downtrend is defined as: if (days since RSI(9) < 30) < (days since
RSI(9) > 70) and the highest high value of RSI(9) since then < 60
If neither condition is satisfied, then it's a trading range.
This should be plotted as a histogram.
I've coded this as follows (MS 7.2 if that matters):
up:=BarsSince(RSI(9)>70);
down:=BarsSince(RSI(9)<30);
uptrend:=up<down AND LLV(RSI(9),up) > 40;
downtrend:=down<up AND HHV(RSI(9),down) < 60;
Here are the problems:
1. I sometimes get an error that says something like "function
error, zero value passed to LLV (or HHV)".
2. I'm not sure how to get this to plot the results properly.
3. Sometimes the code appears to work, but the "trending"
portion of
the graph is very small and occasional, while the "ranging"
portion
of the graph takes up most of the space. This is the opposite of
what I was expecting, and doesn't appear to correlate to the
actual
price movement at all.
Can anybody help make sense of all this? Thanks in a advance.
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