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Martin,
I tried your code and can see where the bad signals occur. The best
way that I know to test the code and correct the erroneous signals is
to create a binary buy signal indicator and plot it on a chart.
Like this:
{BUY}
RSI(21)<50
AND
CCI(7)<100
AND
C>Mov(c,70,e)
AND
C<Mov(c,20,e)
AND
(Mov(C,20,E) >Mov(C,50,E))
and
(Hammer() or BullHaramiCross() or LongLowerShadow() OR RisingWindow()
OR 3WhiteSoldiers() OR EngulfingBull())
This will produce a 1 when the condition is true. Next add the RSI
and CCI to the chart. Plot your MA's on the price. Next open up the
binary and bracket out {} the different sections one at a time. I
think the candles are okay. I would focus on the timeframes. Just off
the top of my head I see a short-term CCI with a intermediate-term
RSI. Hope this helps.
Preston
--- In Metastockusers@xxxxxxxxxxxxxxx, "Martin Blain" <martin@xxxx>
wrote:
> Dusant
> The code seems to work well when it works. It just that it picks up
the wrong signals sometimes. I realize I could just ignore bad
signals. My biggest problem lies with the and(s) and or(s)
> Martin Blain
> Burlington Ontario
> ----- Original Message -----
> From: Dusant
> To: Metastockusers@xxxxxxxxxxxxxxx
> Sent: Tuesday, March 16, 2004 6:53 AM
> Subject: Re: [Metastockusers] Weekend Analysis 07 Mar 04
>
>
> Martin,
>
> Would love to test it out, but unfortunately, I cannot do an
extensive. My website is taking more of my time. What I can suggest
is that you create an expert, with signals, so that you can scroll
thru a number of stocks in a very short while. It will give you
a "gut feel" of the system.
>
> Dusant
> Chief Architect
> http//www.candlestrength.com/
> ----- Original Message -----
> From: Martin Blain
> To: Metastockusers@xxxxxxxxxxxxxxx
> Sent: Monday, March 15, 2004 5:41 PM
> Subject: Re: [Metastockusers] Weekend Analysis 07 Mar 04
>
>
> Dusant
> Could you help with a little code I am working on. Any help
would be appreciated.
> I am trying to say that the stock is below 20dma but above
70dma. The 20dma is above the 50dma. This last part doesn't seem to
work all the time. Same for the Candlesticks. Sometimes I get false
signals.
>
> BUY
> RSI(21)<50 AND CCI(7)<100 AND C>Mov(c,70,e) AND C<Mov(c,20,e)
AND (Mov(C,20,E) >Mov(C,50,E)) and (Hammer() or BullHaramiCross()
or LongLowerShadow() OR RisingWindow() OR 3WhiteSoldiers() OR
EngulfingBull())
>
> SELL
> C<Mov(c,75,e) AND C<Mov(c,50,e)
>
>
> Martin Blain
> Burlington Ontario
>
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