[EquisMetaStock Group] Re: request help reading this formula...GannHiLo

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

PTC,

This is the GannHiLo formula. It plots a 3day moving average of the 
high if the close is greater than yesterday's 3day moving average of 
the high or a 3day moving average of the less if the close is less 
than yesterday's 3day moving average of the low.

Basically the formula produces a value for the day(HLd). The value 
(HLV)is then used to plot either the 3MA of the high or close 
depending on the HLD condition. Three conditions are possible. 
1=plot 3ma of high
-1=plot 3ma of low
0=null

Preston


--- In equismetastock@xxxxxxxxxxxxxxx, "PTC Man" <ptc_man@xxxx> 
wrote:
> Hi
> 
> Can any one help me how do read this formula?
> 
> HLd:=If(CLOSE>Ref(Mov(H,3,E),-1),
> {then}1,
> {else}If(CLOSE<Ref(Mov(L,3,E),-1),
> {then}-1,
> {else}0));
> HLv:=ValueWhen(1,HLd<>0,HLd);
> HiLo:=If(HLv=-1,
> {then}Mov(H,3,E),
> {else}Mov(L,3,E));
> HiLo;
> 
> 
> 
> HLd:=If(CLOSE>Ref(Mov(H,3,E),-1), {then}1, {else}If(CLOSE<Ref(Mov
(L,3,E),-1) , {then}-1, {else}0));
> I can't understand the (-1) and (1) reference.
> 
> Then we have
> 
> If HLv = -1 ????
> 
> I would apreciate any help
> 
> Thank's
> Regards




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