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PureBytes Links
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Try this Exploration filter / Indicator code:
---8<------------------------
{ http://www.metastocktools.com }
{ % Variables }
ThresholdPercent1:=20;
ThresholdPercent2:=30;
{ High/Low range }
range:=H-L;
range:=If(range=0,.00001,range);
{ Part 1 }
CloseRange:=(C-L)/range*100;
CloseOk:=CloseRange>=100-ThresholdPercent1;
Part1:=Ref(CloseOk AND C>0,-1);
{ Part 2 }
OpenRange:=(O-Ref(L,-1))/Ref(range,-1)*100;
OpenOk:=OpenRange>=100-ThresholdPercent2;
Part2:=O<Ref(H,-1) AND O>Ref(L,-1) AND OpenOk;
{ Signal }
Part1 AND Part2
---8<------------------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "wandaria" <kotim@xxxx> wrote:
>
>
> Hi folks I have metastock 7.01 and have been trying to do a formula
> to use in expert advisor, I have so far been unsuccesful. What I
> want to do is locate stocks/commodities where the bar yesterday has
> a higher close than open and the close is in the top 20% of the
> range of the bar, that is it closes within 20% of the high for the
> day.
> The second part of the fomula refers to the most recent bar in that
> as well as fulfilling the previous day requirement I want to see the
> next bar where it has opened inside the range of the previous bar,
> but where the open is within 30% the high of the previous bar.
>
> Essentially it is a two bar formula.
>
> thanks in advance.
>
>
> Tim
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