Re: Dual Data Question

[VBatla@xxxxxxx]

Thanks for your reply.   I'm looking to take a signal from the daily data 
only when the weekly buy or sell is on.  Otherwise there would be no trade.  
The Daily data has to also recognize that the weekly data can only be 
computed from the previous Friday's close.  The weekly data needs to be there 
because the O, H, L, C and range need to be analyzed.  

Example:  Data1(weekly)  If H > H[1] and Range > Range[1] and C > C[1] then 
weekly buy = true.

                 Data2(daily) If weekly buy(data1) = true then begin

Buy O tomorrow + Range * .5 stop.

End;

Thanks for any help....

Vince


In a message dated 9/20/00 10:31:19 AM Central Daylight Time, LScharpen 
writes:

<< In a message dated 9/20/00 8:17:56 AM Pacific Daylight Time, 
VBatla@xxxxxxx writes:
 
 << Does anyone know if it's possible to do the following?
  
  {
  I'd like to have the top data in weekly format with a system running on it. 
 
  
  Also, have daily data on the bottom with a separate system.  I only want to 
  take trades when the weekly buy / sell is on.
  }
  
  
  Can this be done in TS 4.0? >>
 
 This is my first day on this TradeStation "thread".  So I'll be interested 
to see what happens to this reply.  
 
 I've used TradeStation 4 for a few years.  As I understand it, you can't 
apply two systems to the SAME chart.  And a "system" can only be applied to 
"data1".  But what you CAN do is set up 2 charts, 1 daily and 1 weekly.  If 
you only want to take positions from a weekly signal, then I don't think 
you'd need to have both weekly and daily data on the same chart.  You'll know 
when trading begins on Monday morning whether your weekly signal is "on" or 
"off".  If it's off, go on vacation for the week since no matter what the 
daily charts say you won't be doing anything.
 
 Because you're relying on signals from weekly data as your first "screen", 
what I described above can't really be "backtested".  But depending on the 
complexity of your system it might be possible to figure out a way to get 
your weekly signals coded into a system that runs from a chart in daily 
format.  But I'd need to understand exactly what you're trying to do to be of 
much help there.  At times when I've run into "conflicts" like this, I've 
exported data so I could do the "testing" in EXCEL.  That, for me, works 
pretty good.
 
 Lee Scharpen >>