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Hi! Dusant & Jose,
I know that using the Ref(bingo,3) is actually forward-reference
because of the +ve parameter. Like I mentioned earlier, when I used
"bingo" as the last statement in my codes a signal (spike) is plotted
on the 7th. day, which is correct. But if I used "Ref(bing0,-3)" then
a signal (spike) is plotted on the 10th. day instead of on the 4th.
day! However when I used "Ref(bingo,3)" the signal (spike) is plotted
on the 4th. day - which is what I wanted to see visually on the chart.
What I don't understand is when I used a +ve parameter in the Ref
function the signal is plotted BACKWARD whereas if I use a -ve
parameter in the Ref function the signal is plotted FORWARD!
Hope you guys can help me clear my doubt.
Best regards,
ALM
--- In equismetastock@xxxxxxxxxxxxxxx, Dusant <cooldush@xxxx> wrote:
> 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 -----
> From: awlaimeng
> To: equismetastock@xxxx
> 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.
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