Re: Why Won't This Work?

[Bob Fulks <bfulks@xxxxxxxxxxxx>]

At 5:14 PM -0400 4/28/99, Tom Cathey wrote:

>Can someone tell me why this indicator will not flag +1 or -1 when it
>makes higher low swings or lower low swings? If not, anyone have another
>solution?
>
>Thanks.
>
>Tom Cathey
>
>
>Var: MA(0),Trend(0);
>MA = Average(Close,20);
>If SwingLow(2,MA,10,30) < SwingLow(1,MA,10,30) then Trend= 1;
>If SwingLow(2,MA,10,30) > SwingLow(1,MA,10,30) then Trend= -1;
>Plot1(Trend,"");     {+1 or  -1}



The SwingLow function returns -1 if it doesn't find anything. So you need
to test if it has found something. In addition, I have had trouble getting
it to find previous occurrences so I find that it is better to find them as
you move through the bars and save them.

The following code should do it.

Bob Fulks

-----

Inputs: Strength(3);

Var: MA(Close), Trend(0);

MA = Average(Close, 1);

Value1 = SwingLow(1, MA, Strength, Strength+1);

if Value1 > 0 then begin
   if Value2 <> 0 then Trend = iff(Value1 > Value2, 1, -1);
   Value2 = Value1;
end;

Plot1(Trend, "Trend");