Re: [EquisMetaStock Group] Expert Advisor

["Roy Larsen" <rlarsen@xxxxxxxxxx>]

Hi Sathya


You could make life a little easier for yourself by removing the two PREVs from your formula. That would allow any chart with your intended expert attached to open more quickly. The PREV lines perform the function of an exponential moving average and can be replaced by Mov(). The reason for slight differences in the output when that is done is because the original is using values of 0.33 and 0.67 rather than approximately 0.3333 and 0.6667 used by a 5-period EMA.

{TransSignal}
pr:=(H+L)/2;
len:=10;
maxh:=HHV(pr,len);
minl:=LLV(pr,len);
val1:=Mov(2*((pr-minl)/(maxh-minl)-.5),5,E);
value1:=If(val1>.99,.999,If(val1<-.99,-.999,val1));
fish:=Mov(Log((1+value1)/(1-value1)),3,E);
fish;
Ref(fish,-1);


Regards

Roy


  ----- Original Message ----- 
  From: Sathya 
  To: equismetastock@xxxxxxxxxxxxxxx 
  Sent: Thursday, March 06, 2008 2:59 PM
  Subject: [EquisMetaStock Group] Expert Advisor


  Hi... preston n other senior too
  how to make this below code indicator to set as Expert Advisor

  {TransSignal}
  pr:=(H+L)/2;
  len:=10;
  maxh:=HHV(pr,len);
  minl:=LLV(pr,len);
  val1:=.33*2*((pr-minl)/(maxh-minl)-.5)+.67*PREV;
  value1:=If(val1>.99,.999,If(val1<-.99,-.999,val1));
  fish:=.5*Log((1+value1)/(1-value1))+.5*PREV;
  fish;
  Ref(fish,-1);

  when one of the line crossing it should give a buy/sell signal
  waiting soon.....

  Thanks
  sAThya



   

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