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Mark Johnson,
Your post caught my attention. I simplified the code (without changing the overall algorithm) in order to see what's really going on. This is what I got...
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vars: MP(0), osc(0);
MP = MarketPosition;
osc = ( close - Average(Close, 89) ) / xaverage ( truerange, 89.9 ) ;
if MP < 1 AND osc > 3 then Buy at market ;
if MP = 1 AND osc < 0 then ExitLong at market ;
if MP >-1 AND osc <-3 then Sell at market ;
if MP =-1 AND osc > 0 then ExitShort at market ;
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The oscillator compares closing price to its simple moving average, and the difference is scaled by the average true range. The result is compared to thresholds.
- Mark Jurik
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