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I found a MetaStock language reference at
http://www.equis.com/Education/FormulaPrimer.pdf
I think I understand the "Hurst Channel" code I posted (below) now,
but I fail to understand what it has to do with Hurst or his cycle
work.
-Alex
>Subject: need help translating from MetaStock to EL
>To: omega-list@xxxxxxxxxx
>Date: Wed, 30 Jul 2003 21:25:37 -0700 (PDT)
>Sender: unicorn@xxxxxxxxx
>From: Alex Matulich <alex@xxxxxxxxxxxxxx>
>
>I found this short MetaStock indicator, and I can't figure out what
>some of the functions (like Ref()) do. I can't find an online
>MetaStock language reference either.
>
>CY1:= Input("Short Cycle length" ,1 ,1000 ,10 )/2;
>CY2:= Input("Medium Cycle length" ,1 ,1000 ,80 )/2;
>M1:= Input("Short Cycle Multiplyer" ,.01 ,10 ,1 );
>M2:= Input("Medium Cycle Multiplyer" ,.01 ,10 ,3 );
>T1:= Ref(Mov( CLOSE ,CY1 ,S ),CY1/2)+ M1*ATR(CY1 );
>B1:= Ref(Mov( CLOSE ,CY1 ,S ),CY1/2)- M1*ATR(CY1 );
>T2:= Ref(Mov( CLOSE ,CY2 ,S ),CY2/2)+ M2*ATR(CY2 );
>B2:= Ref(Mov( CLOSE ,CY2 ,S ),CY2/2)- M2*ATR(CY2 );
>T1; B1;T2;B2;
>
>What's Ref() do?
>
>What is that S argument in Mov() (which I assume is a moving average)?
>
>I'm pretty sure ATR is average true range, but there's no length
>parameter.
>
>This is *supposed* to be a Hurst Channel indicator. I've been hunting
>around for somethig like it for EasyLanguage before I buy Hurst's book
>and bury myself in it trying to re-invent what many others have done
>before me. Anyone have the source for it?
>
>What I'm looking for is a Hurst channel indicator that shows several
>parallel channels, although not equally spaced.
--
,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
// +__> Director of Research and Development
// \
// __) Unicorn Research Corporation -- http://unicorn.us.com
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