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In this formula
Uptrend:=C>Mov(C,5,E) AND
AroonUp(5)>AroonDown(5) AND
(PDI(5))>(MDI(5));
downtrend:=C<Mov(C,5,E) AND
AroonUp(5)<AroonDown(5) AND
(PDI(5))<(MDI(5));
A:=If(Uptrend,1,If(Downtrend,-1,0));
A=0 {Out}
A=1{uptrend}
A=-1{Downtrend}{Highlights in the expert tab}
A=0 and Ref(A,-1)>0{exit long}
A=0 and Ref(A,-1)<0{exit short}
A=1 and Ref(A,-1)<0{enter long}
A=-1 and Ref(A,-1)>-1{enter short}{Symbols in the expert tab}
Uptrend needs all 3 conditions to be true before it signals 1,
Downtrend needs all 3 conditions to be true before it signals -1,
else it will signal 0.
Now if you alter the "A" variable to
A:=If(Uptrend,1,If(Downtrend,-1,Prev));
Once a buy signal fires, it will stay until the sell signal fires.
A true Stop and reverse system, always in the market
--- In Metastockusers@xxxxxxxxxxxxxxx, "Dusant" <cooldush@xxxx>
wrote:
> Henry,
> If you don't mind, can you also explain why the last line
> A=0.
> Thq
> Dusant
>
> >
> > -----Original Message-----
> > From: Henry Z Kaczmarczyk [mailto:henry1224@x...]
> > Sent: Tuesday, September 16, 2003 7:46 PM
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > Subject: [Metastockusers] Re: Filter Help
> >
> > Sam,
> >
> > here is the formula
> >
> > Uptrend:=C>Mov(C,5,E) AND
> > AroonUp(5)>AroonDown(5) AND
> > (PDI(5))>(MDI(5));
> >
> > downtrend:=C<Mov(C,5,E) AND
> > AroonUp(5)<AroonDown(5) AND
> > (PDI(5))<(MDI(5));
> >
> > A:=If(Uptrend,1,If(Downtrend,-1,0));
> > A=0
> >
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