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Tan, try this indicator code:
---8<-----------------------
{ ©Copyright 2005 Jose Silva }
{ For personal use only }
{ http://www.metastocktools.com }
{ Indicator signals choice }
plot:=Input("Exit below: [1]Entry's Low, [2]Prev day's Low",1,2,1);
{ Long if today's price crosses above yesterday's High }
long:=Cross(H,Ref(H,-1));
{ #1 - Stop below Entry's Low }
stop:=If(PREV=0,If(long,L,0),
If(L<PREV,0,PREV));
{ First entry signal }
Entry:=stop>0 AND Alert(stop=0,2);
{ Exit signal }
Exit:=stop=0 AND Alert(stop>0,2);
{ True entry Low }
EntryPrice:=ValueWhen(1,Entry,L);
{ Signals }
signals1:=Entry-Exit;
{ #2 - Stop below yesterday's Low }
stop:=Cross(Ref(L,-1),L);
{ Clean signals: preference to first entry/exit}
Init:=Cum(IsDefined(long+stop))=1;
entry:=long AND (Alert(long=0,2) OR Init);
exit:=stop AND (Alert(stop=0,2) OR Init);
binary:=ValueWhen(1,entry-exit<>0 OR Init,entry-exit);
Entry:=binary=1 AND (Alert(binary<1,2) OR Init);
Exit:=binary=-1 AND (Alert(binary>-1,2) OR Init);
signals2:=Entry-Exit;
{ Plot signals in own window }
If(plot=1,signals1,signals2)
---8<-----------------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "tan ming"
<reminiscenostalgia@xxxx> wrote:
>
> Hi MG Ferreira,
>
> I am trying to program MS to long if (1) today's price crosses
> yesterday's high by one tick & (2) have a stop below today's low
> if filled. Can anyone knows to do it? Tks.
>
> Kind Regards.
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