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Re: [EquisMetaStock Group] Help needed for an indicator



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Hello Dusant,

Thank you for your kind and valuable reply. But i'm looking to have 
my exploration results to create the chart. The method you have 
mention can be used for individual stocks. 

But how do I get the total results of my exploration on all the 
stocks which I have carried out for the high and low to be 
transfered into a chart format. Hope you can recall that I mentioned 
my first exploration is for the high and the second exploration is 
for the low. Then I would get the final result that is the high - 
low and use this value for the new inicator to create a histogram 
chart.

I hope my explanation here is clear. Please let me know if it's not 
clear and greatly appreciate your help in helping me.

Thank you very much

Sachin





--- In equismetastock@xxxxxxxxxxxxxxx, Dusant <cooldush@xxxx> wrote:
> Sachin
>  
> What if your condition is not met? In other words, if the High is 
not greater than the highest high of the last four days, or the low.
>  
> To create an indicator, you need to specify the value if your 
condition if true/not true.
>  
> Therefore, if both your conditions are met, the value of the 
indicator will be 1 (true) or Zero (false).
>  
> So in your example:
> a:= if(HIGH > Ref(HHV(HIGH,4),-1) AND VOLUME >500000, 1,0);
> b:= if(LOW < Ref(LLV(LOW,4),-1) AND VOLUME >500000, 1,0);
> a-b;
> 
>  
> So a-b will always be 1, 0, or -1. That can be plotted as a 
histogram.
>  
> Dusant
>   ----- Original Message ----- 
>   From:   sachinsac31 
>   To: equismetastock@xxxx   
>   Sent: Saturday, February 19, 2005 3:38   AM
>   Subject: Re: [EquisMetaStock Group] Help   needed for an 
indicator
>   
> 
> 
> 
> Hello Dusant,
> Thank you for a   reply,
> 
> Basically in my exploration,
> a)HIGH > Ref(HHV(HIGH,4),-1)   AND VOLUME   >500000
> I'm looking for the high of the 4 days   and for the volume to 
exceed 
> 500000, for my criteria to meet.
> 
> Even   if I do an exploration simply by HIGH > Ref(HHV(HIGH,4),-1) 
> and with   the reults do another expl0ration for just the volume 
> AND   VOLUME   >500000
> The results I get from both the explorations   are the same, 
> regardless whether both the condtions are carried out   separately 
or 
> combined.
> 
> Therefore here i'm looking for both the   conditions to be true. 
With 
> the results of the true condtion I want to   convert it into a 
> histogram chart.
> The histogram value is the results   from both of my exploration 
on 
> the HIGH - LOW results as indicated by the   exploration (a) - (b)
> 
> My explorations (recap)
> 
> a)HIGH >   Ref(HHV(HIGH,4),-1) AND VOLUME   >500000
> 
> b)LOW <   Ref(LLV(LOW,4),-1) AND VOLUME   >500000
> 
> Thus ultimate   value for new indicator is (a) - (b)
> 
> 
> Actually I was reading this   book Trading for a living and found 
this 
> indicator as mentioned by the   author. Hoefully you have read it 
too. 
> If yes, then it's mentioned in page   194 of the book.
> 
> I hope my explanation here is clearer and sorry if my   earlier 
post 
> is not clear, my apologies.
> 
> Thank   you
> 
> Sachin
> 
> 
> 
> 
> 
> 
> 
> 
> 
> --- In   equismetastock@xxxxxxxxxxxxxxx, Dusant <cooldush@xxxx> 
wrote:
> >   Sachin
> >  
> > There is a basic defect in your   question.
> >  
> > When you want a condition, when the high is   greater than its 
> previous four highs, and volume is greater than 500000,   what is 
the 
> value you want to register, when the condition is true? The   High?
> >  
> > Similarly for the low.
> >  
> > It   would be better if you post the code which you have already 
> worked on and   then ask what you need.
> >  
> > Dusant
> >     ----- Original Message ----- 
> >   From:     sachinsac31 
> >   To: equismetastock@xxxx     
> >   Sent: Friday, February 18, 2005 11:25     AM
> >   Subject: [EquisMetaStock Group] Help   needed   for an 
indicator
> >   
> > 
> > 
> > 
> >   
> > Hi Everyone
> > 
> > I need a help to   creat a new   indicator based on the two 
results 
> from 
> > the   exploration   values.
> > 
> > a)HIGH >   Ref(HHV(HIGH,4),-1) AND VOLUME   >500000
> > eg,result   =300
> > 
> > b)LOW < Ref(LLV(LOW,4),-1) AND VOLUME     >500000
> > 
> > eg, result = 290
> > 
> > the indicator to   create is the   values of a-b
> > 
> > Thus the new   indicator is NEW IND = a-b
> > eg, 300 - 290   = 10
> > and   finally to plot a histogram on this value of 10
> > 
> > Can   some   one out there please assist me in creating this   
> indicator
> > for my chart   setting
> > 
> > Thank   you
> > sachin
> > Yahoo! India Matrimony: Find your life   partneronline.
> 
> 
> 
> 
> 
> 
> 
>   
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