PureBytes Links
Trading Reference Links
|
Hi Rob
I think I misunderstood your "5 point horizontal
line" meaning. My mistake.
Regards
Roy
----- Original Message -----
Sent: Monday, June 06, 2005 9:28 PM
Subject: [EquisMetaStock Group] Re:
horizontal line
hi roy, thanks for your reply. As Im new to this Im not
understanding the formula correctly. Basically Im trying to create a stop
loss using a horizontal bar under a rise close which will be offset a
certain percentage. I want to draw several points on a chart past and
present because I want to back test my sell signals. Ive added
c>ref(c,-1) to variable a and left the rest as is for now. Im assuming
it draws one horizontal line for present close rising, what I dont
understand is what '5 bars before the right side of the chart' is telling
me. Is it start line from point of rise for 5 bars. Thankyou for your
help Regards Robert
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy
Larsen" <rlarsen@xxxx> wrote: > Hi Robert > > > is
it possible to draw a 5 point horizontal line under a close when > >
risng and not bother when close falling using an indicator formula. >
> Ive used expert advisor to mark these but a line would be better.
If > > its possible it will be for more than close rising, this is a
starting > > point. > > Regards Robert > > Yes
it's possible. Set your condition for triggering the line into variable
"A", > and set the expression for the value of the line as variable
"D". Variable "B" > is false until 5 bars before the right side of
the chart. Variables "A" and "B" > must both be true before the
ValueWhen() function can plot a result. > > A:=TRUE; {condition
to enable line} > B:=Cum(1)>LastValue(Cum(1))-5; >
D:=LastValue(C); {value of 5-bar line} > ValueWhen(1,A AND B,D); >
> > > Kind regards > > Roy >
www.metastocktips.co.nz
Yahoo! Groups Links
|
|