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The 25% drop in 50 days example is probably unrealistic - let's begin
with 10% as a default.
Try something along the lines of this basic indicator:
==============================
Hi drop / Lo rise Long signals
==============================
---8<--------------------------------
{ Hi drop / Lo rise Long signals v1.0
http://www.metastocktools.com }
{ User inputs }
per1:=Input("% drop from HHV",0,100,10)/100;
per2:=Input("% rise from LLV",.0001,100,5)/100;
pds:=Input("HHV/LLV lookback periods",1,252,50);
plot:=Input("plot: [1]Entry Signals, [2]Chart Levels",1,2,1);
{ Hi/Lo thresholds }
hiDrop:=Ref(HHV(H,pds)*(1-per1),-1);
loRise:=Ref(LLV(L,pds)*(1+per2),-1);
{ Setup }
setup:=C<hiDrop;
{ Signal }
signal:=setup AND Cross(C,loRise);
{ Plot signals in own window, levels on chart }
If(plot=1,0,hiDrop);
If(plot=1,signal,loRise)
---8<--------------------------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, aserr_98 <no_reply@xxx> wrote:
>
> Hi Jose,
> Let's suppose the higher high or close on the last 50 days,and then
> the stock came down 25% from the high, and start climb again and
> reaches 5% from the last low. I'm trying buy stocks which fall at
> least 25% and starting go up again, at least i'm buying 25% cheaper
> then before. (stock reach $100 a share, then fall to $75 or less
> and then go up again to $80, my signal to buy).
>
> Thanks
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@>
> wrote:
>
> How would you define your "high" and "low"?
>
>
> jose '-)
> http://www.metastocktools.com
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, aserr_98 <no_reply@> wrote:
>
> Hi
> I'm trying to create a signal when the low is at leat 25% down
> from the last high and the last close is at least 5% up from last
> low.
>
> I know this for the gurus is piece a cake, but for me is not so
> easy.
>
> Any help will be appreciated
> Thanks
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