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Alm, you could try adding some user inputs to your indicator, and
simplifying some of the code with the Sum() MS function:
---8<-------------------------
{ User inputs }
pds:=Input("Osc trough moving downwards last x periods",1,260,5);
pr1:=Input("ROC 1, %",0,100,14);
pr2:=Input("ROC 2, %",0,100,11);
pds1:=Input("WMA periods",1,260,10);
{ Oscillator }
CP:=Mov(ROC(C,pr1,%)+ROC(C,pr2,%),pds1,W);
{ Oscillator currently in negative zone }
CP<0
{ Osc trough }
{ Osc moving upwards on latest bar }
AND CP>Ref(CP,-1)
{... and moving downwards in last x periods }
AND Sum(Ref(CP,-1)<Ref(CP,-2),pds)=pds
---8<-------------------------
> {and moving downwards last 6 periods}
Note that your original code looks for a downward movement in only
the previous five bars.
jose '-)
http://metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "awlaimeng"
<awlaimeng@xxxx> wrote:
>
> I have the following oscillator and would like to know whether
there
> is a better way of finding the "trough" (valley) when the
> oscillator moves from the negative zone and starts to move upwards.
>
>
> {oscillator}
> CP:=Mov(ROC(C,14,%)+ROC(C,11,%),10,W);
>
> {oscillator below zero line - in negative zone}
> CP<0
>
> {finding the trough}
> {moving upwards on latest period}
> {and moving downwards last 6 periods}
> AND CP>Ref(CP,-1) AND
> Ref(CP,-1)<Ref(CP,-2) AND
> Ref(CP,-2)<Ref(CP,-3) AND
> Ref(CP,-3)<Ref(CP,-4) AND
> Ref(CP,-4)<Ref(CP,-5) AND
> Ref(CP,-5)<Ref(CP,-6)
>
> Any comments on the above codes will be much appreciated.
>
> Thank you and best regards,
> ALM
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