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Hi MG,
Thanks for taking the time to read thru my code and explaining
in "English" what it all means.
What I was originally getting from my code was multiple buy signals
one day after another (up until the N:=N part). The rest of the code
after that was trying to isolate the "first" buy signal, hold that
in memory, then gve a "true buy" signal after a close higher than
the original "first" buy signal.
It's giving me the signal as I would expect. I understand 99% of the
code apart from {BarsSince(N)<=5*C} but somehow it produces what I
want..... and I'm not comfortable with that.
**any more ideas?
I've only just recently subscribed to Roy's newsletter (so far
playing catchup, some things a sinking in!) but have just read about
whether a trend is in progress and how strong that trend would
likely be, eventually I'd like to incorporate those indicators in my
expert/tester aswell.
Thanks,
Lou
--- In equismetastock@xxxxxxxxxxxxxxx, mgf_za_1999 <no_reply@xxxx>
wrote:
> 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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