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Thanks for the help Preston.
Your formula worked like a charm. I think I will post a .png image
re that MACD question so that everyone can get the idea I was trying
to convey.
Again, thanks for your help.
Jim
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx> wrote:
>
> 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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