[EquisMetaStock Group] Stepped output

["Jose Silva" <josesilva22@xxxxxxxxx>]

This simple but useful indicator allows price or indicator values to 
be rounded to the nearest user-defined quantized $ or % level/step.

For an application example, this quantizing method could be applied to 
either (or both) price or MA's, to eliminate whipsaws in price/MA 
crossovers.


MetaStock -> Tools -> Indicator Builder -> New ->
Copy and paste complete formulae between "---8<---" lines.

==============
Stepped output
==============
---8<--------------------------

{ Stepped Price/Indicator output v2.0 }

{ ©Copyright 2005 Jose Silva
  For personal use only
  http://www.metastocktools.com }

{ Data array or indicator to quantize }
x:=C;

{ User inputs }
step:=Input("Step size",0,10000,0.5);
type:=Input("Step type:  [1]$points,  [2]%percentage",1,2,1);

{ Step size }
step:=Max(If(type=1,step,
 LastValue(x*(step/100))),.00001);

{ Stepped data array }
stepX:=Int(x/step+.5)*step;

{ Plot on price chart or own window }
stepX

---8<--------------------------


jose '-)
http://www.metastocktools.com







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