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[EquisMetaStock Group] Re: new indicator needed...help



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Sunil,

You have been a good student!

Here is a stop to place on the chart:

{Sunil Stop}
X:=LLV(L,25){exit signal};
x;

I'll put together a commentary and place it in the files section 
shortly. It will require that all indicators are in the indicator 
list and labeled just as they have been in the text.

Preston
 

--- In equismetastock@xxxxxxxxxxxxxxx, "SUNIL gupta" 
<sunilgupta72@xxx> wrote:
>
> Dear Preston,
> 
> Outstanding...the thing works perfectly fine. I changed the file 
name to
> forumdll.Latch and it works. Now just a little improvement is 
needed and
> that is supposing after a buy signal is generated ..is there any 
way we can
> find out what will be stop loss rate for next day. Maybe we can 
draw a
> trailing line or maybe it can show in commnetary box that stop for 
tomorrow
> is such and such rate. I understand the rate will change with each 
passing
> day.
> 
> To know the stop loss will help us . Let me explain with example:-
> 
> Supposing I buy Share of COmpany XYZ at RS 100 after the buy 
signal is
> generated. After three months share price touches 300. Now next 
day I want
> to put a stop loss order as i think the share price can tank. So 
how will i
> know what is the 25 days lowest which will be its stop loss level. 
WE can do
> two things..either there should be a line like in moving averages 
that will
> continously tell us about stop loss level or we can put that value 
in
> commnetary box.
> 
> Let me know what you think. And once again Preston thanks for your 
immense
> help.
> 
> Sunil gupta
> 
> 
> On 6/4/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> >
> >   Sunil,
> >
> > Not a big problem.
> >
> > One of two problems and there are several ways to fix it. There 
were
> > two DLL files in the folder, one that Roy had uploaded and one 
that
> > I uploaded. Either you uploaded the wrong one or I wrote the
> > indicators based on the wrong one.
> >
> > Here are the two DLL calls:
> >
> > ExtFml( "Forum.Latch", LE, LX, SE, SX)
> > ExtFml( "ForumDLL.Latch", LE, LX, SE, SX)
> >
> > Notice that the only difference are the words "Forum.Latch"
> > and "ForumDLL.Latch"
> >
> > You can either upload the other DLL or change the formulas to:
> >
> > Tr:=ExtFml("ForumDLL.Latch",N,X,0,0);
> > Ex:=ExtFml("ForumDLL.Latch",X,N,0,0);
> >
> > This should fix the problem. If not let me know.
> >
> > Preston
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx <equismetastock%
40yahoogroups.com>,
> > "SUNIL gupta"
> > <sunilgupta72@> wrote:
> > >
> > > Preston,
> > >
> > > I am having problems installing it. It gives message This DLL 
does
> > not Exist
> > > in MSX DLL folder (forum.latch)
> > >
> > > Sunil
> > >
> > >
> > > On 6/4/07, pumrysh <no_reply@xxxxxxxxxxxxxxx<no_reply%
40yahoogroups.com>>
> > wrote:
> > > >
> > > > Sunil,
> > > >
> > > > Outstanding! The fact that it shows in the builder means 
that it
> > > > should be working.
> > > >
> > > > The expert is in the files section under Sunil Turtle.
> > > >
> > > > Let me explain why I chose to use a DLL. Typically in 
Metastock
> > we
> > > > are limited in our ability to choose a value based on 
anything
> > other
> > > > than a constant. We can assign or select a value but if the
> > value is
> > > > to change from one bar to the next we cannot do that. An 
example
> > > > would be a moving average that uses variable lookback 
periods.
> > Say
> > > > that instead of a 10 day MA, we instead wanted a RSI(14)day 
MA.
> > > > Meaning the value of the lookback might be 10 today because 
the
> > RSI
> > > > (14) is 10 but tomorrow if the RSI(14) is 20 then our MA 
lookback
> > > > would also be 20. This can only be done by using a DLL or in 
some
> > > > cases with a prev value which is so slow that our 
calculations
> > would
> > > > be extremely slow.
> > > >
> > > > The expert that I have written will give you a signal 
indicator
> > for
> > > > your chart, as well trend, highlight, and buy/sell symbols 
for
> > the
> > > > expert. It uses the forum latch indicator. Trends(Tr) give a
> > > > constant signal while bar signals(Nbar,Xbar) give a single 
event
> > > > signal.
> > > >
> > > > Give this a test run and let me know what you think.
> > > >
> > > > Preston
> > > >
> > > >
> > > > --- In equismetastock@xxxxxxxxxxxxxxx<equismetastock%
40yahoogroups.com><equismetastock%
> > 40yahoogroups.com>,
> > > > "SUNIL gupta"
> > > > <sunilgupta72@> wrote:
> > > > >
> > > > > I have DLL installed and it shows In my indicator builder
> > > > >
> > > > > Sunil
> > > > >
> > > > >
> > > > > On 6/2/07, pumrysh <no_reply@xxxxxxxxxxxxxxx<no_reply%
40yahoogroups.com>
> > <no_reply%
> > 40yahoogroups.com>>
> > > > wrote:
> > > > > >
> > > > > > Sunil,
> > > > > >
> > > > > > I'm actually waiting on you. You are going to need to 
have
> > the
> > > > DLL
> > > > > > uploaded and working.
> > > > > >
> > > > > > Preston
> > > > > >
> > > > > > --- In equismetastock@xxxxxxxxxxxxxxx<equismetastock%
40yahoogroups.com>
> > <equismetastock%
> > 40yahoogroups.com><equismetastock%
> > > > 40yahoogroups.com>,
> > > > > > "SUNIL gupta"
> > > > > > <sunilgupta72@> wrote:
> > > > > > >
> > > > > > > PReston,
> > > > > > >
> > > > > > > Thanks for the help. After reading that manual i think
> > after
> > > > some
> > > > > > practice i
> > > > > > > will be able to make quite a lot of formula.
> > > > > > > AND how are we moving with the advisor?...I just cant
> > express
> > > > in
> > > > > > words the
> > > > > > > help you have been and knowledge that i am getting from
> > reading
> > > > > > various
> > > > > > > mails and manuals here.
> > > > > > >
> > > > > > > Thanks
> > > > > > >
> > > > > > > Sunil
> > > > > > >
> > > > > > >
> > > > > > > On 6/2/07, pumrysh <no_reply@xxxxxxxxxxxxxxx<no_reply%
40yahoogroups.com>
> > <no_reply%
> > 40yahoogroups.com>
> > > > <no_reply%
> > > > 40yahoogroups.com>>
> > > > > > wrote:
> > > > > > > >
> > > > > > > > Sunil,
> > > > > > > >
> > > > > > > > We're getting very close now. Need to do a few more
> > things
> > > > though
> > > > > > > > before we go any further.
> > > > > > > >
> > > > > > > > First, I want you to go to the files section and 
retrieve
> > > > several
> > > > > > > > things.
> > > > > > > >
> > > > > > > > 1. Using Latches in MS doc by Roy Larsen
> > > > > > > > 2. Equis Forum DLL...this will be inside the folder 
and
> > is
> > > > the one
> > > > > > > > that Roy placed there. While you are there get the 
DLL
> > users
> > > > > > manual.
> > > > > > > >
> > > > > > > > Then I want you to study them a bit so that you
> > understand
> > > > how
> > > > > > they
> > > > > > > > work.
> > > > > > > >
> > > > > > > > The Metastock community is truly fortunate to have a
> > gift in
> > > > the
> > > > > > > > talents of Roy and learning about latches and dll's 
will
> > > > take you
> > > > > > to
> > > > > > > > another level of capabilities. Roy invented latches 
to
> > > > accomplish
> > > > > > > > exactly what you are trying to do. Study these 
documents!
> > > > They are
> > > > > > > > going to be extremely useful.
> > > > > > > >
> > > > > > > > I'll have an expert for you in just a day or so. In 
the
> > > > meantime
> > > > > > do
> > > > > > > > your homework.
> > > > > > > >
> > > > > > > > Preston
> > > > > >
> > > > > >
> > > > > >
> > > > >
> > > > >
> > > > >
> > > > > --
> > > > > Sunil Gupta
> > > > >
> > > > >
> > > > > [Non-text portions of this message have been removed]
> > > > >
> > > >
> > > >
> > > >
> > >
> > >
> > >
> > > --
> > > Sunil Gupta
> > >
> > >
> > > [Non-text portions of this message have been removed]
> > >
> >
> >  
> >
> 
> 
> 
> -- 
> Sunil Gupta
> 
> 
> [Non-text portions of this message have been removed]
>




 
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