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It made it.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "nand_rathi" <nand_rathi@xxx>
wrote:
>
> Preston
>
> I am not sure whether my first reply made it to the group. I just
want
> to be sure.
>
>
> Thanks for the wonderful explanation. It was really helpful. Some
> observations..
>
> I agree with your point about line# 6 and its subsequent use in
Line 7
> & 8.
>
> What is the purpose of using BarsSince function in line 7&8?
>
> Can you please provide the link to the code you have mentioned in
the
> email?
>
> Also, what is the best way to test/debug code snippets like this
(The
> only way I can think of is to create a temporary indicator and see
the
> output in MS by adding line by line.. rather crude)
>
> Appreciate your help very much..
>
> regards
>
> N
>
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@> wrote:
> >
> > N,
> >
> > Please realize that I did not write the code. It was written by
> > Wabbit aka Scott Bunny on the Equis Forum. I believe he is a
member
> > here as well and maybe he will pipe in on the discussion.
> >
> > I have listed the indicator below and have included referencing
line
> > numbers to make an explanation easier.
> >
> > {52 week HIGH & LOW}
> > {From Wabbit at Equis Forum}
> > {1} lastDay:=LastValue(DayOfMonth());
> > {2} lastMonth:=LastValue(Month());
> > {3} lastYear:=LastValue(Year())-1;
> > {4} x:=Year()>lastYear OR (Year()=lastYear AND
> > (Month()>lastMonth OR Month()=lastMonth AND
> > DayOfMonth()>=lastDay));
> > {5} y:=x AND Alert(x=0,2);
> > {6} i:=Cum(1)=1;
> > {7} hi:=LastValue((HighestSince(1,y OR i,H)))*(BarsSince(x>0)>= -
1);
> > {8} lo:=LastValue((LowestSince(1,y OR i,L)))*(BarsSince(x>0)>= -
1);
> >
> > {plot}
> > hi;lo;
> > {end}
> >
> >
> >
> > Lines 1,2,3 obtains the value of the present date by day, month
and
> > year.
> >
> > Line 4 establishes the 52 week window of time.
> >
> > Line 5 establishes the start of the calculation period by using
the
> > beginning of calculation period and the alert function together
to
> > give us a value of one on the first day of the 52 week window.
> >
> > Line 6 resets the bar count. I really don't feel this is
necessary
> > nor is it (OR i) necessary in the highestsince / lowestsince
argument
> > in lines 7 and 8.
> >
> > Line 7 and 8 calculates the highest high and lowest low for the
52
> > week period and holds or plots it true for the 52 weeks.
> >
> >
> > One of the problems that I think you are going to run into using
this
> > code in an exploration is the fact that new lows or highs during
the
> > 52 week period will reset the indicator. Remember the 52 week
period
> > resets every day.
> >
> > I also provided other code in my original code and that might be
a
> > better option for you.
> >
> > Thanks for the question. Hope you will find my reply helpful.
> >
> > Preston
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "nand_rathi" <nand_rathi@>
> > wrote:
> > >
> > > This post is for Preston in particular.
> > >
> > > Hello Preston
> > >
> > > Around a week back you provided MS code to determine 52 week
Hi/LO
> > for
> > > a stock. I am a newbie in Metastock arena and trying to
understand
> > the
> > > power of this tool.
> > >
> > > I have the following questions regarding the code provided by
you:
> > >
> > > Would you be kind to explain the code line by line so that for a
> > > newbie it will make sense in how to interpret such code snippet?
> > >
> > > I created a formula with the supplied code and it worked great
in
> > > plotting the Hi/Lo value. How do I use this code in explorer?
What I
> > > want to do is to display the list of stock which are say within
2.5%
> > > range oh Hi or Lo?
> > >
> > > I am sorry if this type of question has already been answered
in the
> > > group. I am sure this explanation will be of great help to
> > newbies..
> > >
> > > Regards
> > >
> > > N
> > >
> >
>
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