RE: Penetration of high's and low's

["Manie Esterhuizen" <hzes@xxxxxxxxx>]

Ian

Thanks for your help!

Manie

-----Original Message-----
From: Ian Cunningham [mailto:cuncom@xxxxxxxxx]
Sent: Wednesday, January 30, 2002 5:40 PM
To: Manie Esterhuizen
Subject: Re: Penetration of high's and low's


Hello Manie,

This is how I would do it in TS4.

{First you need to capture the high or low with a flag.
 Lets say the High or Low = highest/lowest of the past 20 bars}

Vars: X(0), Z(0), HH(999999), LL(-999999);

HH=Highest(High,20);
LL=Lowest(Low,20);

If High[1]= Highest(High, 20) then X=HH; {captures the high}
   If Close > X then Plot1(L-10 points,"HiBO");
 If Close > X then HH = 999999; {resets flag}

If Low[1]=Lowest(Low,20) then Z=LL; {captures Low}
   If Close < Z then Plot2(H+10 points,"LoBO");
 If Close < Z then LL = -999999;  {resets flag}


Wednesday, January 30, 2002, 8:18:19 AM, you wrote:

ME> I'm want to write code for an indicator for use on intraday data to show
ME> penetration of previous low points in a down trend, and previous high
points
ME> in an up trend. Any suggestions?

ME> Manie
--
Best regards,
 Ian                            mailto:cuncom@xxxxxxxxx