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Mr Teo Ching Soon,
You will need to be more precise with your request.
LOWEST price for the stock over the last few days could have many
meanings. Also "the more the difference and decisively HIGHER" have
the same problem.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, Mr Teo Ching Soon
<teocs01@xxx> wrote:
>
> Hi
>
> i am new to this group. i need help on the programming of the
following statement and convert into metastock code format. pls help
>
>
> The stock has to be in a continued downtrend
> Today's Low price (TDL) has to be the LOWEST price for the
stock over the last few days.
> (If it is the lowest for last few weeks, we are likely to have a
strong major trend reversal signal- a strong form of U-TURN. However
if Previous Day's Low price is the lowest for only last three to ten
days, we have a signal that is more likely to mark the beginning of
a Correction or the end of a Reaction ? a weak form of U-TURN).
> Today's Open price (TDO) has to be LOWER than Previous Day's
Low price (PDL).
> TDO < PDL
> The more the difference between PDL and TDO, the more powerful the
signal is going to be.
> Today's Close price (TDC) has to be HIGHER than Previous Day's
Close price (PDC).
> TDC > PDC
> Today's Close price (TDC) has to be HIGHER than Previous Day's
Open price (PDO).
> TDC > PDO
> Today's Volume has to be decisively HIGHER than the normal
volume over the last few days or Previous Day's volume. If the above
conditions were fulfilled, you would most likely see a decisive jump
in stock volume today. If you don't see a jump in the volume today,
the signal loses some of its strength.
>
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