Re: Why Won't This Work?

[Don C <countach@xxxxxxxxxxxxxxxx>]

A substitute function in this case might be to do a short Rate of Change
on the moving average.   When the rate of change goes from negative to
positive you have the low point.

donc


>Subject:         Re: Why Won't This Work?
>  Date:         Wed, 28 Apr 1999 20:28:00 -0700
>  From:         Bill Vedder <bved01@xxxxxxx>
>    To:         Tom Cathey <K1JJ@xxxxxxxxxxxxx>
>    CC:         omega-list@xxxxxxxxxx
>
>Tom,
>
>is it possible that the moving average values aren't making swing lows? >A 20 period MA is pretty smooth to begin with and won't have a lot of >sharp dips. And, your code is trying to find dips that have 10 bars on >each side of the dip, and you're requiring all this to be found in only >30 bars. I think the reason it's flatlining is that there are none of >these animals to be found!
>
>Regards,
>
>Bill Vedder
>
>
>
>>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
>>
>> {  SwingLow(OCCURANCE,PRICE,STRENGTH,LENGTH)  - for reference}
>>
>> 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}