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Hi Guys,
I have put the following formula in an indicator.It is just the Daily
RoAR from Alan Hull.
When the indicator is plotted it only starts plotting after the
ThresholdBuy value has been exceeded and then reduced to less than
Threshold Sell. Could someone please let me know how to get this
indicator to plot properly the first time it is triggered as well
Thanks
Steve
{Buy sell Av V*C Thresholds}
ThresholdBuy:=120;
ThresholdSell:=80;
MoneyFlowThreshold:=1000000;
{RoAR Calculation}
RoaR:=1000*((LinearReg(C,52)-Ref(LinearReg(C,52),-26))/C);
{Calc Days since the cross over}
BarsSinceBuy := BarsSince(Cross(RoAR, ThresholdBuy));
BarsSinceSell := BarsSince(Cross(ThresholdSell, RoAR));
RoARValOK:=RoAR>=ThresholdSell And BarsSinceSell>BarsSinceBuy;
{Calculate the average v * c}
AvVol:=Mov(V,5,S);
AvCl:=Mov(C,5,S);
VCOk:=If(AvVol*AvCl>=MoneyFlowThreshold,1,0);
If(RoARValOK And VCOk,RoAR,0)
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