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You have 2 left ( and 3 right ).
Correct: CCL:=O<= L-Ref(H-L,-1)*.382;
heitor
--- In Metastockusers@xxxxxxxxxxxxxxx, "sai20_2000" <sai20_2000@xxxx>
wrote:
> HI Tob,
>
> In the code given for TD TJ by u , in th 8th row of the code
> consisting of
> CCL:=O<= L-(Ref(H-L^),-1)*.382);
> in the space " ^ " sign mentioned , the indicator builder gives a
> remark as
> A " , " expected
> Thus it does not get executed , Wht might have gone wronge?
> Please respond
> Regards
> Sai
>
>
>
>
>
> {begin code}
>
> xx:=input("Change type to invisible",0,0,0);
> AAL:=OAAS:=H>REF(H,-1);
> BBL:=H>=REF(L,-1) OR H>=REF(L,-2);
> BBL:=REF(AAL,-1);
> BBS:=L<=REF(H,-1) OR L<=REF(H,-2);
> BBS:=REF(AAS,-1);
> CCL:=O<=L-(REF(H-L),-1)*.382);
> CCS:=O>H+(REF(H-L),-1)*.382);
> DDL:=O>L-ATR(1);
> DDS:=O
>
> EEL:=H>REF(L,-1);
> EES:=LFFL:=REF(C,-1)+.03;
> FFS:=REF(C,-1)-.03;
>
> IF(AAL AND BBL AND CCL AND DDL,EEL,
> IF(AAL AND BBL AND DDL,FFL,
> IF(AAS AND BBS AND CCS AND DDS,EES,
> IF(AAS AND BBS AND DDS,FFS,0))))
>
> {end code}
> --- In Metastockusers@xxxxxxxxxxxxxxx, "sai20_2000"
> wrote:
> > Dear All,
> > Can any one help me in formulaing the mentioned system for
MS ,its
> > a part of Market timmimg System book.Will apreciate the help
> forwarded
> >
> >
> >
> > Market Timing System - TD TJ
> > This trading model is designed to capture short term
opportunities
> in
> > the market by identifying the potential price exhaustions levels
> > that rise when traders concede a losing position in the market by
> > capitulating at the opening price .Specifically , given a
initially
> > incorrect or ill-timed trading decision coupled with adverse
market
> > psychology and unfavorable news as back drop.
> > TD TJ requires an opening price that is outside the previous
> trading
> > days price range parameter ( ie previous trading days high or
days
> > low). In other words the the opening price has to be required to
be
> > either below the previous days low for an upside move or above
the
> > previous days high for down side move . Further more ,to qualify
a
> > price advance, the high one trading day ago must be greater than
or
> > equal to the low two or three trading days ago.To qualify for the
> > price decline , the low one trading day ago must be must be less
> than
> > or equal to the high two or three trading days ago. Finaly to
> > identify a low risk buy entry zone , the current trading days
> opening
> > price must be at least 38.2% times the previous trading days
price
> > range less than the pervious trading days low price and at the
same
> > time greater than 100 % times the previous days true price range
> less
> > than the previous days low price , and the current trading days
> high
> > must exceed upside the previous days low by at least 1 price
> > tick.
> > Conversely to identify the low risk sell entry zone , the
> > current trading days opening price must be atleast 38.2% times ,
> > previous days price range greater than the previous trading days
> high
> > and , at the same time , less than 100% times the previous
trading
> > days true price range greater than the previous trading days high
> > price ,and the current trading days low must exceed dnside the
> > previous days high by at least one price tick. IN those instances
> in
> > which the current price open is less than the previous trading
days
> > low price but not less 38.2% times the previous trading days
price
> > range minus the previous trading days low , then the low risk buy
> > entry zone is elevated to the previous trading days closing price
> > plus 1 price tick . Conversely in those instances in which
current
> > price open is greater than the previous trading days high price
but
> > not greater than 38.2% times the previous trading days price
range
> > added to the previous trading days high , then the low risk sell
> > entry zone is lowered to the previous days closing price minus 1
> > price tick.
> > Another variation of TD TJ
> > enters the market partially at 38.2% level upside if the opening
is
> > below the level described above and enters the market partially
at
> > the 38.2% level dnside if the opening is above that level .These
> > entries are in addition to the conventional entries that are at
the
> > previous trading days low and prevous trading days high as
> > previously described.
> > Add ional qualifiers and
> > filters can be introduced to prefect this methodology , and we
> > experimented and improved upon this basic structure by including
> > other variables . But only the general approach and design of the
> > technique is described and presented for your revive . IN order
to
> > improve upon this base you may prefer to experiment with TD open
(
> > note below ). Which is a dynamic indicator template utilizing the
> > general TD TJ method logy but which places it within a much
broader
> > and dynamic trading shell , thereby enabling a user to apply and
> > exploit unlimited additional qualifiers and filters to arrive at
an
> > improved market timing indicator.
> > Note- TD open :-Not only must the open be less than the low or
> > greater than the high "x'( 2 , 3 , 4,5, 6,7or more days trading
> days
> > earlier) , but the high must also be greater than or the low less
> > than a prescribed level such as the previous trading days
> midpoint ,
> > average , close, open , and so forth , depending upon whether an
> > upside or downside move is qualified additionally , a specified %
> > penetration of a previous trading days or a %ge of a group of
days
> > trading ranges can be added to or substracted to the current days
> > open previous days close to also perfect the lower is entry level.
> >
> >
> > Thanks n Regards
> >
> > sai
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