Fwd: EL Help

[TennisSte@xxxxxxx]

In a message dated 8/31/99 11:47:54 PM Eastern Daylight Time, 
skTennis@xxxxxxxxxxxxxxxxxx writes:

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Date: Tue, 31 Aug 1999 22:47:25 -0500
To: TennisSte@xxxxxxx
From: "Samuel K. Tennis" <skTennis@xxxxxxxxxxxxxxxxxx>
Subject: Re: Fwd: EL Help
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In the code example you have given, you are checking that this bar has an 
XMA value below that of twenty bars ago but you are not checking the 
overall direction of the average.

I do have a question for you though...  When, if ever, are you setting the 
return value to FALSE.  it appears to me that once TRUE, your function will 
stay that way forever!

Try something like...

If    (XAverage(close,50 ) - XAverage(close,50 )[20] > 00)
  and  (Close > XAverage(close, 50))
   then  Test01  =  TRUE
   else  Test01  = FALSE ;

or

Test01  = FALSE ;
If    (XAverage(close,50 ) - XAverage(close,50 )[20] > 00)
  and  (Close > XAverage(close, 50))
   then  Test01  =  TRUE ;

Samuel


At 09:40 PM 08/31/99 , you wrote:
>
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>From: "Mel F" <melsmail@xxxxxxxxxxx>
>To: "Omega List" <omega-list@xxxxxxxxxx>
>Subject: EL Help
>Date: Wed, 1 Sep 1999 11:03:39 +1000
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>Have created and verified following function to give an entry signal, that
>the moving average is rising over 20 days and the close is above it
>
>IF   (XAverage(close,50 ) - XAverage(close,50 )[20]) > 0
>        and Close > XAverage(close,50 )
>        then
>        Test01= True
>
>When I write a system and use this function it does not show entries only
>when the moving average is rising but also when moving average is falling
>
>{ LONG ENTRY  }
>IF CurrentBar >1 and MarketPosition = 0 then begin
>     IF Test01= true
>         then buy at high + 1 
> stop;
>
>end;
>
>Strange thing is it seems to work on some stocks
>
>
>Mel F
>melsmail@xxxxxxxxxxx

     Samuel K. Tennis,                          Vista Research
     129 Staff Drive                     voice: 1(850) 243-5105
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