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Thanx preston...
U are wonderful...
Though this is something what i didnt think about ... gives false
entry n exit signals ,..
But thanx alot for time u spend for me.
Regards,..
Darsh
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Darshit,
>
> Here's your code.
>
> enjoy,
>
> Preston
>
>
> In Metastock we are lucky that we already have built in indicators
> for rally and reaction days with and without volume. This makes our
> job a good bit easier than in Amibroker.
>
> We have already seen what a simple conversion from Amibroker to
> Metastock can be like. Instead of using this code:
>
> 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}
>
> We are going to simplify things a bit and use this code similar to
> this instead:
>
> RY:=Rally();
> RX:=Reaction();
> IN:=Inside();
> OUT:=Outside();
>
> Our code requires that we count rally and reaction days so we won't
> be using either inside or outside days. We will also be counting
> rally and reaction days with volume. There is a bit of redundancy
> here but inorder to stay true to the code we will count both.
>
> {Cole Trading System}
> {Coded for Metastock}
> {by Preston Umrysh at}
> {The EquisMetastock Yahoo Group}
>
> {Cole Trading Definitions}
> RY:=Rally();{upday}
> RX:=Reaction();{downday}
> RYVol:=RallyWithVol();{up vol}
> RXVol:=ReactionWithVol();{down vol}
>
> {Cole Count Calculations}
> UpDay:=Cum(RY);
> DownDay:=Cum(RX);
> UpVol:=Cum(RYVol);
> DownVol:=Cum(RXVol);
>
> UpDCnt:=UpDay-ValueWhen(1,RX,UpDay);
> DnDCnt:=DownDay-ValueWhen(1,RY,DownDay);
> UpVCnt:=UpVol-ValueWhen(1,RXVol,UpVol);
> DnVCnt:=DownVol-ValueWhen(1,RYVol,DownVol);
>
> {Cole Signals}
> Buy:=UpDCnt >=3 AND UpVCnt >=3;
> Sell:=DnDCnt >=3 AND DnVCnt >=3;
> Buy; -Sell;
> {end}
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Darshit" <darsh.goswami@>
> wrote:
> >
> > 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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