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To avoid possible confusion between entry & exit signals, I would
code the signals indicator this way:
=====================
Khalid system signals
=====================
---8<--------------------------
{ http://www.metastocktools.com }
{ User inputs }
pds1:=Input("SMA periods for Close",1,252,5);
pds2:=Input("SMA periods for Open",1,252,6);
{ SMAs }
sma5:=Mov(C,pds1,S);
sma6:=Mov(O,pds2,S);
{ Entry conditions }
cond1:=Sum(C>sma5 AND C>sma6,3)=3;
cond2:=Cross(sma5,sma6);
{ Entry/Exit signals }
entry:=cond1 AND cond2;
exit:=Cross(sma6,sma5);
{ Plot in own window }
entry-exit
---8<--------------------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "Athena
Research" <athena.investments@xxx> wrote:
>
> Hi Khalid,
>
> Please take the following code as correct code as Close price was
> used with 6DMA in previous code. Sorry for posting wrong code.
>
> cond1:= Sum((C> Mov(C,5,S)) AND (C> Mov(O,6,S)),3)=3;
> Cond2:= Alert(Cross(Mov(C,5,S), Mov(O,6,S)),3);
>
> Entry:= cond1 AND cond2;
>
> Exit:= Cross(Mov(O,6,S), Mov(C,5,S));
>
> Entry; Exit
>
>
>
>
> Thanks and Regards,
> Amit Trivedi
> President & CEO
> Athenasolutionz.com - "We sell hope, in the stock market."
>
>
>
> ----- Original Message -----
> From: Khalid Masood
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Monday, September 18, 2006 5:30 AM
> Subject: [EquisMetaStock Group] 5 DMA-Close & 6 DMA-Open Crossover
>
>
> Hi,
>
> I want to code an indicator with following parameters:
>
> For Entry:
>
> (1). Today's close is above (5day simple closing moving average &
> 6day simple open moving average) for last three days.
>
> (2). 5day closing moving average crosses above 6day open moving
> average.
>
> For Exit:
>
> 6day open moving average crosses above 5day close moving average.
>
> I have tried but unsucessfull,please help & thanks in advance.
> Regards
> Khalid
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