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Try this there is only one small change. It looks fairly respectable, as
these things go.
Brent
----- Original Message ----- Input:Consec(12);
Vars:LTrend(0),STrend(0),trendy(0);
IF MRO(Close <= Close[24],Consec,1) = -1 Then LTrend =1;
IF MRO(Close >= Close[24],Consec,1) = -1 Then STrend =1;
If LTrend=1 and Momentum(close,24) > 0 then Trendy=Trendy+1;
If Momentum(close,24) < 0 then LTrend=0;
If STrend=1 and Momentum(close,24) < 0 then Trendy=Trendy-1;
If Momentum(close,24) > 0 then STrend=0;
Plot1(Trendy,"trenddays");
From: "Tim McCaughey" <TimM@xxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Sunday, December 05, 1999 11:56 PM
Subject: Trend Definition
> I was wondering if somebody might be able to confirm that the code is
doing
> what I expect.
>
> I am attempting to define a trend in the following terms. If a market has
12
> consecutive closes above/below the trailing close of 24 days ago, the
trend
> is in place. The trend is in place until the close is below/above the
> trailing 24 day close.
>
> I am using this method to determine which markets have been the trendiest
in
> the past and define that in a total amount of days.
>
> If anybody has another method to define a trend I would love to hear it.
>
>
> Input:Consec(12);
> Vars:LTrend(0),STrend(0),trendy(0);
> IF MRO(Close <= Close[24],Consec,1) = -1 Then LTrend =1;
> IF MRO(Close >= Close[24],Consec,1) = -1 Then STrend =1;
>
> If LTrend=1 and Momentum(close,24) > 0 then Trendy=Trendy+1;
> If Momentum(close,24) < 0 then LTrend=0;
>
> If STrend=1 and Momentum(close,24) < 0 then Trendy=Trendy+1;
> If Momentum(close,24) > 0 then STrend=0;
>
> Plot1(Trendy,"trenddays");
>
>
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