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Dear Friends ,..
I have got the AFL ( Amibroker Formulle file ) for this ,..
If any senior can convert this code to Metastock format i will be
thankful...
===========================================================
/* COLE.AFL v 1.00 17/10/2001
/* Cole Trading Method
/* Developed by Roger Cole
/* From Technical Analysis of Stocks and Commodities, V8:12 (460-
463), by Alan Friedman
/* Indicator developed and coded by Marek Chlopek, October 2001
/* Support from Tomasz Janeczko and Amibroker Mailing List members -
THANKS!!! */
/*
**********************************************************************
**** */
/* Cole Trading Method description
/* A up signal is formed when a stock makes three Rally Days in a row
with larger volume on each day
/* A down signal is formed when a stock makes three Reaction Days in
a row with larger volume on each day
/* Inside and Outside Days are ignored */
/*
**********************************************************************
**** */
/* Cole Trading Method Indicator development description
/* Cole Trading Method measures two independent signals: day status
(Rally, Reaction, Inside, Outside) and volume,
/* therefore two independent sub-indicators have been implemented:
/* ColeDay - counts number of days in a row when Rally (positive) or
Reaction (negative)
/* ColeVolume - counts number of days with higher volume, always
positive */
/*
**********************************************************************
**** */
/* Cole's Trading Day Status definition */
RY = H > Ref(H, -1) AND L >= Ref(L, -1); // Rally Day
RX = H <= Ref(H, -1) AND L < Ref(L, -1); // Reaction Day
IN = H <= Ref(H, -1) AND L >= Ref(L, -1); // Inside Day
OUT = H > Ref(H, -1) AND L < Ref(L, -1); // Outside Day
VolRY = Ref(V, - BarsSince(RY));
VolRX = Ref(V, - BarsSince(RX));
RYwithVol = RY AND V > IIf(RY, Ref(VolRY, -1), VolRY); // Rally
Day with Volume
RXwithVol = RX AND V > IIf(RX, Ref(VolRX, -1), VolRX); // Reaction
Day with Volume
/*
**********************************************************************
**** */
/* ColeDay - counts number of Rally Days in a row (positive) or
Reaction Days in a row (negative)
/* When Rally ColeDay increases by 1 unless the first Rally Day then
ColeDay = 1
/* When Reaction ColeDay decreases by 1 unless the first Reaction Day
then ColeDay = -1
/* When Inside Day or Outside Day then ColeDay stays unchanged */
PeriodRY = BarsSince(NOT RY);
PeriodRX = BarsSince(NOT RX);
ColeDay = ValueWhen(RX OR RY, Sum(RY, PeriodRY) - Sum(RX, PeriodRX));
/*
**********************************************************************
**** */
/* ColeVolume - counts number of days with higher volume, always
positive
/* When volume higher than previous day volume ColeVolume increases
by 1
/* When volume lower previous day volume then ColeVolume = 1
/* When Inside Day or Outside Day then ColeVolume stays unchanged */
PeriodV = BarsSince(V < Ref(V, -1) AND (RX OR RY));
ColeVolume = ValueWhen(RX OR RY, Sum (RX+RY, PeriodV) +1);
/*
**********************************************************************
**** */
/* Trading Signals in Cole Trading Method
/* Buy Signal - when a stock makes three Rally Days in a row with
larger volume on each day
/* Sell Signal - when a stock makes three Reaction Days in a row with
larger volume on each day */
Buy = ColeDay >= 3 AND ColeVolume >= 3;
Sell = ColeDay <= -3 AND ColeVolume >= 3;
Cover = Buy;
Short = Sell;
/*
**********************************************************************
**** */
/* Graphic presentation in Amibroker */
MaxGraph = 2;
Graph0 = ColeDay;
Graph1 = ColeVolume;
Title = Name() + " - ColeDay = " + WriteVal(Graph0, 1.0) + ";
ColeVolume = " + WriteVal(Graph1, 1.0);
/*
**********************************************************************
**** */
/* Exploration in Amibroker */
Filter = 1;
NumColumns = 9;
Column0 = H; Column0Name = "H"; Column0Format
= 1.2;
Column1 = L; Column1Name = "L"; Column1Format
= 1.2;
Column2 = V; Column2Name = "V"; Column2Format
= 1.0;
Column3 = RY; Column3Name = "RY"; Column3Format
= 1.0;
Column4 = RX; Column4Name = "RX"; Column4Format
= 1.0;
Column5 = IN; Column5Name = "IN"; Column5Format
= 1.0;
Column6 = OUT; Column6Name = "OUT"; Column6Format
= 1.0;
Column7 = ColeDay; Column7Name = "ColeDay"; Column7Format
= 1.0;
Column8 = ColeVolume; Column8Name = "ColeVolume"; Column8Format
= 1.0;
/*
**********************************************************************
**** */
/* END COLE Indicator Formula */
===========================================================
Regards,..
Darsh
------------------------------------
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