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Here we go again -Scaper Pivot points for only $350.
About six months ago I found out that a so called
friend of mine (Rick at S&P Bootcamp) was selling code
that belonged to me. Months ago, I had sent him a copy for evaluation
purposes only.
Some of you may remember all those posts to the omega-list about this subject.
Rick has since admitted to me that it was my code
and that he would quit selling it. Unfortunately, I see he is
again trying to sell my code renaming it Scalper Pivot points.
The code is no more than a stochastic indicator with a few small wrinkles.
I have decided to post the code I sent to Rick at this time so nobody will
have to pay $350 for this show me study which I feel does not have much value.
Please experiment with the input values for different time periods
so as to allow for maximum curvefitting.
Input:
LRSBval(-0.12), {level which buys must be below}
LRSSval(0.11), {level which sells must be above}
Length3(20),{Length for buy LRS}
Length4(20),{Length for sell LRS}
FDBLen(20), {Number of bars to use for FastD calculation for buy side}
FDSLen(20), {Number of bars to use for FastD calculation for sell side}
FDBuy(6), {Value of FastD to signal long }
FDSell(94), {Value of FastD to signal short }
MAvgLen(20),{Length of moving average to compute bands}
PctAbvMA(.1),{percentage distance away from lower band}
PctBlwMA(.05);{percentage distance away from upper band}
Vars:
PctAbvMAValue(0.0),
PctBlwMAValue(0.0),
FDBVal(0.0),
FDSVal(0.0),
FastDValL(0.0),
FastDValS(0.0);
PctAbvMAValue = (Average(Close,MAvgLen) * (100- PctAbvMA) / 100);
PctBlwMAValue = (Average(Close,MAvgLen) * (100+ PctBlwMA) / 100);
FDBVal = FastD(FDBLen);
FDSVal = FastD(FDSLen);
condition1 = c < PctAbvMAValue;
condition2 = c > PctBlwMAValue;
condition3=LinearregSlope(c,length3)<LRSBval;
condition4=Linearregslope(c,length4)>LRSSval;
condition5= (FDBVal <= FDBuy and FDBVal > FDBVal[1]) or
(FDBVal[1] <= FDBuy and FDBVal > FDBVal[1]);
condition6= (FDSVal >= FDSell and FDSVal < FDSVal[1]) or
(FDSVal[1] >= FDSell and FDSVal < FDSVal[1]);
if condition1 and condition3 and condition5 then begin
Plot1(L - .5,"GoLong");
end;
if condition2 and condition4 and condition6 then begin
Plot2(H + .5,"GoShort");
end;
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