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1.
Bullish:= (O)<Ref(C,-1) AND
(L)<Ref(L,-1) AND
(H)>Ref(H,-1) AND
(C)>Ref(H,-1);
Bearish:= (O)>Ref(C,-1) AND
(L)<Ref(L,-1) AND
(H)>Ref(H,-1) AND
(C)<Ref(L,-1);
Bullish;Bearish*-1;
2. Rather than venture a quess I concede to it being too esoteric for
me.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, stinkerstock <no_reply@xxxx>
wrote:
>
>
> Hello to all.
>
> I am a relatively new user of metastock and its indicator builder
> interface. I'm trying to create 2 new indicators, but I'm having
> some difficulty. Here are my indicators:
>
> #1: I want to build * one * indicator to code for a bearish and
> bullish engulfing candle form. I can code for both but I would
like
> to combine both formulae into 1 indicator. Here are the formulae:
>
> Bullish: (O)<Ref(C,-1) AND
> (L)<Ref(L,-1) AND
> (H)>Ref(H,-1) AND
> (C)>Ref(H,-1)
>
> Bearish: (O)>Ref(C,-1) AND
> (L)<Ref(L,-1) AND
> (H)>Ref(H,-1) AND
> (C)<Ref(L,-1)
>
> Now my indicators will work seperately (both giving a positive 1
> spike when the condition exists), but I would like to combine the
> two formulae so that the bullish condition creates a +1 spike, and
> the bearish condition creates a -1 spike. It seems like the
> indicator builder only permits a true (+1) and false (0) reading.
> Sorry if this is too rudimentary for you guys.
>
> #2 My second problem is a bit more esoteric. Basically, I have
> noticed that the MACD histogram can have predictive value under
> certain circumstances. Specifically, suppose a market is trending
> down in waves and the histogram is following suite. I have noticed
> that (and this is hard to explain) when the MACD histogram crosses
> the 0 line and exceeds the prior histogram peek, a low is probably
> in place. How would one generally go about coding for that
> scenario? Has anyone seen any "canned" codes that wmight help with
> this project?
>
> Thanks in advance.
>
> Jim
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