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Thanks for that jose
Cheers
Norman
--- In Metastockusers@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@xxxx>
wrote:
> 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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