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I have no idea! But, if you are working with a complex lot of IF
statements (also true for spreadsheets) it is often better to use
boolean algebra in the following way:
( CLOSE > 10 ) * 1 - ( CLOSE <= 10 ) * 1
This will plot a 1 if the close is above and a -1 if the close is
equal to or below 10. It sure is a lot easier to handle than many
IF statements. If you want to plot say a 10 or a 5, change it to
( CLOSE > 10 ) * 10 + ( CLOSE <= 10 ) * 5
If you have a lot of requirements, just keep on multiplying. Say
the close must be above 10 and below 20, then do
( CLOSE > 10 ) * ( CLOSE < 20 ) * 1
and so on. You can add, I guess, more of these than of the if stuff.
Regards
MG Ferreira
TsaTsa EOD Programmer and trading model builder
http://tsatsaeod.ferra4models.com
http://www.ferra4models.com
--- In equismetastock@xxxxxxxxxxxxxxx, "Mike Sloane" <mfsloane@xxxx>
wrote:
> I am sure someone out there knows the answer off the top of their head.
>
> How many IF() functions can I nest in a custom indicator??
>
> Thanks in advance,
> Mike Sloane
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