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Hello Preston,
Many thanks for your reply.
Unfortunately, this formula still doesn't do the trick as it just shifts
the original plot back a bar. The principle is correct when using the
Gann HiLo Activator for intraday trading but for trading daily bars, the
plot must be offset by one bar (according to Gann).
On the bar on which the trend direction changes, i.e. where the close is
above/below the 3MA high/low, the plots should overlap, i.e. there should
be BOTH a Mov(H,3,S) AND a Mov(L,3,S) plotted, not one or the other,
which is the result of
HiLo:=If(HLv=-1,Mov(H,Lb,S),Mov(L,Lb,S)).
The reason being is that when trading the Gann System, and a long trade
is taken on, say, a close above Mov(H,3,S), the initial stop is a break
below Mov(L,3,S). That is why we need the plots overlapping on that bar.
The If statement as it stands gives us an either/or.
Once again, I really appreciate your input.
Regards,
Kevin
At 05:28 PM 2/14/2009 Saturday, you wrote:
Kevin,
The formula was originally written back in 1999 and posted on the
Guppy site back in April of 2000. Strange that no one saw the problem
until now. Maybe a result of the bear market.
The formula as posted works correctly. It plots either a 3MA high or
a 3MA low overlaping on the bar at which the close is greater/less
than " YESTERDAY'S " MA. Notice the use of the ref statement in
the
first line...HLd:=If(CLOSE>Ref(Mov(H,3,S),-1) So we are indeed
looking for a close greater that yesterday's MA.
To make the change you want simply change the formula to:
{Gann HiLo Kevin Modified}
Lb:=Input("Look-Back Periods?",2,80,3);
HLd:=If(CLOSE>Mov(H,Lb,S),
{then}1,
{else}If(CLOSE<Mov(L,Lb,S),
{then}-1,
{else}0));
HLv:=ValueWhen(1,HLd<>0,HLd);
HiLo:=If(HLv=-1,
{then}Mov(H,Lb,S),
{else}Mov(L,Lb,S));
HiLo;{end}
Now you should get a resulting plot of either a 3MA high or 3MA
low on the bar at which the close is greater/less than the
"current"
MA.
Preston
--- In
equismetastock@xxxxxxxxxxxxxxx,
Kevin Barry <kevin_barry@xxx>
wrote:
>
> Hello,
>
> I am in the process of rewriting the Gann Hi-Lo indicator using as
my
> starting point the following formula by Adam Hefner:
>
> HLd:=If(CLOSE>Ref(Mov(H,3,S),-1),
> {then}1,
> {else}If(CLOSE<Ref(Mov(L,3,S),-1),
> {then}-1,
> {else}0));
> HLv:=ValueWhen(1,HLd<>0,HLd);
> HiLo:=If(HLv=-1,
> {then}Mov(H,3,S),
> {else}Mov(L,3,S));
> HiLo;
>
> The resulting plot is not quite correct because the 3MA high and
the 3MA
> low plots should overlap on the bar at which the close is
greater/less than
> the current MA.
>
> The obvious solution is to create two plots GannHi and GannLo to
replace
> the HiLo plot. However, we would need to specify an If statement
without
> the ELSE condition.
>
> We can't write If(HLv=-1,Mov(H,3,S),0) because it doesn't plot
correctly.
>
> Any suggestions for creating an equivalent of IF without the need
to
> provide an ELSE parameter?
>
> Many thanks in advance.
>
> Regards,
> Kevin
>
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