[EquisMetaStock Group] Need Help for this formula : Overbought/Oversold trigger

["kishore_rochey" <krochey@xxxxxxxxxxxxxx>]

Hi

I am trying to write the following formula
eg : Stochastic trigger
It goes like this.

For Overbought levels 

The %K of the stochastic has to be above 80
A trigger is alerted by a spike down when 
%K reverses downwards.
%K has to be above 80 when this happens.

For Oversold levels

The %K of the stochastic has to be below 20
A trigger is alerted by a spike up when
%K reverses upwards, 
%K has to be below 20 when this happens.

I am only using %K as an example.
What I plan to do is to use an Indicator:
mov((Advances-Declines),10,S) as my OBT Indicator.

Hope someone can help


Kish









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