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x:=ATR(1);
y:=Max(H,Ref(C,-1));
z:=Min(L,Ref(C,-1));
Logic for conditions 1 & 2 is flawed.
jose '-)
http://www.metastocktools.com
--- In Metastockusers@xxxxxxxxxxxxxxx, "ruagoodp" <almutwinter@xxxx>
wrote:
> Hi again,
>
> I am looking at coding true range,TRUE HIGH AND TRUE LOW into a
formula.
>
> Basically true range is whichever is the greatest of:
>
> 1.Current high - Current low
>
> 2.Current high - Previous close
>
> 2.Current low - Previous close
>
> So we will call True range "x"
>
> True high is whichever is the greatest of:
>
>
> 1.Current high
>
> 2.Previous close
>
> So we will call True High "y"
>
>
> True low is whichever is the least of:
>
>
> 1.Current low
>
> 2.Previous close
>
> So we will call True Low "z"
>
>
>
>
> So my formula goes along the lines of:
>
> 1.H > x*1.618 + ref(h,-1) AND H > ref(y,-3) and H >ref(y,-3)
>
>
> 2.L < x*1.618 - ref(h,-1) AND L < ref(z,-3) and L >ref(z,-3)
>
> My dilemma is coding x,y and z
>
> Any clues?
>
> Cheers
>
> Norman
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