Re: Buy Sell Occuring at the wrong Bars

["jonmac" <jonmac@xxxxxxxxxxx>]

There are a couple of dll files that may help you enter at the hi/lo of 5
days.
One was called AnyOHLC.dll for TS2000. The other was NextOpen.dll .
These enable your code to go outside of TS and check for the, say, value of
the open tomorrow (well this is how it was put to me). Either one will
require dropping into the TS directory then the relevant function needs to
be added.

So you could say; (at completion of today's bar which Highest(H,4) = True);

If NextOpen < H then Buy at High Stop;
(again; Larry Williams stuff)

Jon
----- Original Message -----
From: "Wayne Mathews" <wayne@xxxxxxxxx>
To: "=omega list" <omega-list@xxxxxxxxxx>
Sent: Tuesday, 16 October, 2001 9:42 AM
Subject: Buy Sell Occuring at the wrong Bars


> I have a signal made up of the code below on a chart of VRSN.
>
> buy next bar highest(h,5)   stop;
> sell next bar lowest(L,5) stop;
>
> Also added to the chart is the indicator below which gives the red and
> blue dots
>
> if h=highest(h,5) then plot1(h);
> if L=lowest(L,5) then plot2(L);
>
>
> A buy should occur on the first bar with a red dot (indicating that bar
> is the highest high in the last 5 bars) after a sell. Also, a sell
> should occur on the first bar with a blue dot (indicating that bar is
> the lowest low in the last 5 bars) after a buy. This generally happens
> but a number of times the buy and sell occur on the SECOND highest high
> or lowest low (see 1, 2, and 3).  Anyone have an explanation for this
> behavior? (MarketPosition changes at the buy and sell bars).
>
> Replacing "sell next bar lowest(L,5) stop" with "ExitLong  Next Bar at
> lowest(L,5)  Stop" gives the same results.