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I shall be obliged if you could kindly help me write a programm in
metastock format
condition are as follows (FIRST SETUP)
1. Setup should consists of nine consicutive price bar in which each
price bars close is lower than the close of four price bar earlier.
When the price bars close below that of four price bar previously a
1 appears below the bar.
2.If next price bar also closes below that of four bars earlier a 2
appears and so on.
3. If before price bar 9 is reached a price fails to close below
four bars previously then the set up is abandoned & numbers
areautomatically deleted.
4. Once 9 consicutive price bars havebeen completed we are looking
perfect set up which is valid for trading
5. A BUY SETUP is either price bar 8 or 9 is lesser than low of both
6&7 and be marked with green arrow,
6.A SELL SETUP is look for high of either 8 or9 bar is greater than
high of both price bar 6&7 with red arrow
SECOND SETUP (UNLIMITED)
1 second setup coours after first setup.
2 Second setup consists of 13 bars .
3 whose close is lower than or equal to the low two bars earlier
corrospond number 1 occurs below price bar.
4. Unlike first setup the second set up doesent have to consist of
consecutive day. the second setup is bigger pattern than first setup.
5. For perfect set up requires the low of price bar 13 be less than
or equal to the close of price bar 8.
6. Similarly SELL SETUP it requires high price of bar 13 be greater
than price bar 8
STOPLOSS
1 Lowest price entire set up then substracting the low of price bars
to high or prior bars close which ever is greater
plz tell should i put the proram in indicator or expert advicer tool
thankig you
yours sincerely
R.GANESH
14-2-2008
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