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<font size=2 color=navy
face="Courier New">Hi Jo,
<font size=2 color=navy
face="Courier New"><span
>
You wrote;<span
>
"<font
face="Courier New">Schaffer is so so,"
<font size=2 color=navy
face="Courier New">
<font size=2
face="Courier New">"These are highlights
for trends, not entry and exit signals."
<font size=2
face="Courier New">
<font size=2
face="Courier New">Regarding the other Doug
Schaff indicator set. Do you have a view on them as
<font size=2
face="Courier New">An entry and exit triggers?
<font size=2
face="Courier New">
<font size=2
face="Courier New">They appear to be Doug Schaff's
implememaattion<span
class=GramE> of the Walter <span
class=SpellE>Bressert tool box
<font size=2
face="Courier New">To currencies
<font size=2
face="Courier New">
<font size=2
face="Courier New">Thanks
<font size=2
face="Courier New">Michael B
<font size=2
face="Courier New">
<font size=2
face="Courier New">
<font size=2
face="Courier New">
<font size=2 color=navy
face="Courier New">
<font size=2 color=navy
face="Courier New">
<font size=2 color=navy
face="Courier New">
<font size=2 color=navy
face="Courier New">
<font size=2 color=navy
face="Courier New">
<font size=2 color=navy
face="Courier New">
<font size=2
face="Courier New"><span
> but here's a new and improved version of
the
highlights. If you're going to use them, they
might as well tell you
something you can use. I wrote some Aroon code for
highlights that's
about 10% more accurate in spotting trend changes,
but these are
pretty good.
These Schaff highlight are comparable to CS
Scientific's highlights,
which are very good considering they came with MS.
These work best
when used on time frames greater than 20 min. I
haven't tried to fix
them up for 5 and 10 minute screens. Maybe later.
Highlight Green Up Trend
Cycle:=10;
SH:=23;
LG:=50;
MCD := Wilders( Typical(),Sh) - Wilders(
Typical(),Lg);
ST := ((MCD-LLV(MCD,Cycle)) /
(HHV(MCD,Cycle)-LLV(MCD,Cycle))) *100;
STC := Wilders(ST,Cycle/2);
i:=Cross(stc,25);
dn:=Cross(25,stc);
x:=BarsSince(i)<=BarsSince(i OR dn)=0;
X=0
Highlight Red Down Trend
Cycle:=10;
SH:=23;
LG:=50;
MCD := Wilders( Typical(),Sh) - Wilders(
Typical(),Lg);
ST := ((MCD-LLV(MCD,Cycle)) /
(HHV(MCD,Cycle)-LLV(MCD,Cycle))) *100;
STC := Wilders(ST,Cycle/2);
i:=Cross(25,stc);
dn:=Cross(stc,25);
x:=BarsSince(i)<=BarsSince(i OR dn)=0;
X=0
Remember to color your price line black. Compare
this to the CS
Scientific's to make sure you've got it. These
should be just a little
better.
Good luck writing an Aroon version that's 10%
better than these two.
These are highlights for trends, not entry and
exit signals.
Maybe someone can optimize these and share them.
That would be nice!
JO
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