Fw: Snd Example -Try this one

["charles meyer" <chmeyer@xxxxxxxx>]

Group:

Does anyone happen to have an ela coded on this indicator?
Thanks for any feedback.

Charles
-----Original Message-----

Subject: Snd Example -Try this one


"Here's another breakout system created by Tushar Chande...it was printed in
a
>previous issue of Technical Analysis of Stocks and Commodities. I find it
to
>be very useful and accurate.  Notes: it is effective for intrady and end of
>day...it is one of the best
>simple system I've ever seen. But that's my opinion-Andy."
>He sends just the Arn_up/Arn_dn.  My changes/adds DMI filter and MACDiff
trend
>check}
>
> {Do not trade on rollover day}
>{Data1 is the S&P 5min, Data2 is the Tick or the
>Cash************************************************}
>
>Inputs: R(9),DMILen(10);
>var: MAtick(0),MAavg(0),MADiff(0),avgMADiff(0),snd(false);
>
>
>MATick=MACD(Close of data2,12,26);
>MAavg=(XAverage(MACD(Close of Data2,12,26),9));
>MADiff=(MAtick-MAavg); {avgMADiff= WAverage(MADiff,3);}
>
>IF Time >= 0900{Bond Session Sess1StartTime7:20} AND Time <= Sess1EndTime-1
>then
>BEGIN
> if Arn_up(R) crosses ABOVE Arn_dn(R)
> and DMIPlus(DMILen)-DMIMinus(DMILen)>=0
>
> { now check the trend of the Tick MADiff }
> and MADiff[3]<=MADiff[2]
> and MADiff[2]<=MADiff[1]
> and MADiff[1]<MADiff
>
> {Buy/Sell at the high/low-OB[1] to avoid buying into a negative bar,
>dramatic effect on results}
> then begin
> buy at H[1]stop;
> snd=Playsound ("C:\windows\media\ringin.wav");
> end;
>
> If Arn_up(R) crosses BELOW Arn_dn(R)
> and DMIPlus(DMILen)-DMIMinus(DMILen)<=0
>
> and MADiff[3]>=MADiff[2]
> and MADiff[2]>=MADiff[1]
> and MADiff[1]>MADiff
>
> then begin
> sell at L[1]stop;
> snd=Playsound ("C:\windows\media\ringin.wav");
> end;
>
>END;{**********************************************************************
***
>********************
>
>Just for info -   here are the user Functions called Arn_up/Arn_dn used by
>Aroon Breakout
>e.g., Input of 25-last high 6 bars back=19/25or (.76)*100=76
>So the further back the high,or low, then the smaller the fraction
>causing the _up and _dn to decay and eventually cross}
>
>{Inputs: R(Numeric);
>Arn_up=100*((R-NthHighestBar(1,High,R))/R);}
>
>{Inputs:R(Numeric);
>Arn_dn=100*((R-NthLowestBar(1,High,R))/R);