|
ALM
It is "wrong" because it is
referencing the future bars. Or in other words, the fourth bar will not show up,
till the seventh bar is complete.
However, if you wish to use the
high of the fourth bar as a resistance reference for the future, then your code
may be used.
----- Original Message -----
Sent: Friday, May 06, 2005 5:53 PM
Subject: [EquisMetaStock Group] Category
3 resistance pattern - is my codes ok?
I have created an indicator that will trigger signal when a
Category 3
resistance pattern is formed.
For the benefits of other
user, a Category 3 resistance pattern is
formed when the 3 bars immediately
prior to and immediately after the
pivotal bar must have their highs that
are lower than the high of the
bar pinpointing the Category 3
resistance.
|
| |
|
|
| |
The codes for my indicator are
as below:
{Category 3
Resistance}
L1:=Ref(H,-6);
L2:=Ref(H,-5);
L3:=Ref(H,-4);
PP:=Ref(H,-3);
R1:=Ref(H,-2);
R2:=Ref(H,-1);
R3:=HIGH;
bingo:=PP>L1
AND PP>L2 AND PP>L3 AND PP>R1 AND PP>R2 AND
PP>R3;
bingo
My indicator plots a vertical line on same day (that
means 7th. day)
when the "bingo" statement is true. However I wanted the
indicator to
plot the vertical line on the same day as the bar pinpointing
the
Category 3 resistance (in this case the 4th. bar). I was able to
"force" the indicator to do that by replacing the code "bingo" with
"Ref(bingo,3)".
I would appreciate comment whether the code
"Ref(bingo,3)" is the
proper way.
Regards,
ALM
Yahoo! Groups Links
Yahoo! India Matrimony: Find your life partner
online. |