Re: Need EL Help

[Bob Fulks <bfulks@xxxxxxxxxxx>]

> Bob Fulks wrote:
>
> > Condition1 = Average(Close, 9) < Average(Close, 18);
> >
> > if Condition1 and ...other... then Sell...;
>
> This doesn't quite capture what I'm looking for, though.  I'd like to
>generate
> signals when Condition1, Condition2, etc. have all obtained, then buy...
>
> The problem with the above statements is that it won't generate a signal in
> situations where Condition2 hits, and Condition1 obtains a few bars
>later, for
> example.
>
> Thanks,
> A.J.

In the code below:

   Condition1 = Average(Close, 9) < Average(Close, 18);
   Condition2 = ....other.....;

Condition1 and Condition2 are evaluated on every bar. The statement:

   if Condition1 and Condition2 then Buy ....;

will buy when both conditions are true on the same bar. If Condition1
becomes true on bar 300 and stays true, and then Condition2 becomes true on
bar 304, then the Buy command will be executed on bar 304.

On the other hand, if what you want is to buy on Condition2 if Condition1
has been true anytime within the last, say, 3 bars you could say:

   if (Condition1 or Condition1[1] or Condition1[2]) and Condition2 then
Buy ....;

or, more elegantly:

   if MRO(Condition1, 3, 1) > 0 and Condition2 then Buy....;

This will buy if Condition1 becomes true on bar 300 and then goes false.
Since the Most Recent Occurance function (MRO) specifies a 3 bar lookback,
the function will return a positive number on bars 300, 301, and 302.

If Condition2 then becomes true on bar 302, the Buy signal will occur on
bar 302 since all conditions are then satisfied.

Bob Fulks




--
Bob Fulks
bfulks@xxxxxxxxxxx