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Been fooling around with some coding this weekend and have decided to stop
at this point. This code appears to produce a respectable EWosc and
Breakout Bands a la AGet. The very first part of the plot isn't quite
initialized properly but smooths out after the first 35 bars of each band
plot. Maybe one of the resident els/ela gurus could make it start
correctly. The code also has an additional XAverage on the oscillator for
added perspective and perhaps a timing trigger.
Enjoy,
BobR
http://www.oextrader.com/sigma_trader
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Inputs: Price1(Average((H+L)/2,5) -
Average((H+L)/2,35)),K(1),K2(0.0555),Len(5);
Vars: UpperBand(0),LowerBand(0),AvgP(0);
If Price1 >0 then begin
upperband=price1;
If barnumber>=2 then
UpperBand= K*(upperband[1] + k2*(Price1 - upperband[1]));
end;
If Price1 < 0 then begin
LowerBand = Price1;
If barnumber>=2 then
LowerBand=K*(lowerband[1] + K2*(Price1 - lowerband[1]));
end;
AvgP = XAverage(Price1,Len);
Plot1(Price1,"Osc535");
Plot2(AvgP,"AvgP");
Plot3(UpperBand,"upper");
Plot4(LowerBand,"lower");
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