Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 32
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Respected Members,
I want to convert following two condition in metastock code:
1. Buy above the Buy Signals High only or Sell Below the Sell Signals Low only.
2. Break above the High in case of Buy signal & vice versa
should within 2 trading sessions.
Buy and Sell formula :
Buy when Cross(Fml("MA1"),Fml("MA2"))
Sell when Cross(Fml("MA2"),Fml("MA1"))
Please guide me,
Thx,
(moneypick)
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 9/13/2004(UTC)
Posts: 673
Location: Salt Lake City, UT
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I don't understand your second condition. I believe your first condition can be written as follows:
Buy
X:=ValueWhen(1,Cross(Fml("MA1"),Fml("MA2")),H);
C>X
Sell
X:=ValueWhen(1,Cross(Fml("MA2"),Fml("MA1")),L);
C<X
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/27/2005(UTC)
Posts: 31
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If I understand your conditions, you want to buy above the high of the day the cross occured, if it occurs within 2 bars of the cross. This would be written as:
cross(H,ValueWhen(1,Cross(Fml("MA1"),Fml("MA2")),H)) AND alert(Cross(Fml("MA1"),Fml("MA2")), 3 )
I used 3 in the alert so the cross can have occured on either of the two bars before this bar
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 32
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