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I'll have a go, see below
Regards
MG Ferreira
TsaTsa EOD Programmer and trading model builder
http://www.ferra4models.com
http://fun.ferra4models.com
--- In equismetastock@xxxxxxxxxxxxxxx, loudhoward2 <no_reply@xxxx> wrote:
> Hi all,
>
>
>
> I'm trying to figure out some code I have but can't quite
> understand
> one section. Can anyone explain in "English" what it is
> I'm trying
> to achieve? (I know that sounds weird, but I had a friend help me
> out with some code and I've forgotten exactly what it's meant
> to do
> plus I should be using code I'm not 100% confident about)
>
>
>
> System is based on a triple moving average
> N is the signal variable ie buy
>
>
>
>
> SMA:=Mov(C,20,E);
>
> MMA:=Mov(C,60,E);
>
> LMA:=Mov(C,120,E);
>
>
>
> N:=C>SMA AND C>MMA AND C>LMA
>
if the latest close is above all three moving averages
> AND
and ...
>
> {No Cross() function used for MA cross overs, not sure if this the
> best alternative, heard the Cross() functions has its limitations}
>
> SMA>MMA AND MMA>LMA
the short is above the medium and the medium above the slow moving
average (translate - trend is very strong, question - will it be
sustainable)
>
> AND
and ...
>
> {ROC() used to highlight that a MA is rising}
>
> ROC(SMA,8,%)>0 AND ROC(MMA,10,%)>0 AND ROC(LMA,6,%)>0
short moving average is higher than 8 days ago, medium is higher than
ten and slow is higher than 6 days ago
>
> AND
and ....
>
> {Alert used to pickup pull backs in momentum}
>
> Alert(RSI(C,7)<=38,20);
7 day RSI has been less than 38 during any of the previous 20 days
>
>
>
> N:=N
Huh? Is this really needed? Why not continue the formula, or am I
missing something.....
>
> AND
>
> Alert(N=1,2); {lets me know when I have a binary 1 (buy signal) in
> the last 2 days}
>
> {C1 gives me the closing price when my first signal (N) was achieved}
>
> C1:=ValueWhen(1,N,C);
>
> {Today's close must be > the signal close price}
>
> C>C1 AND Ref(C,-1)<=C1
>
> AND
>
> {NOT SURE ABOUT THIS LAST LINE?? Is it to do with being in the trade
> for at least 5 days? Why multiply by the Close?}
>
> BarsSince(N)<=5*C
>
>
Huh? Doesn't make a lot of sense. If you use the close in the
formula in this way, then it will only work for some tickers.
>
>
>
> Regards,
>
> Lou
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