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I cannot firgure out the system test formula to give me results for a three-bar reversal (EOD and longer). The objective is to BUY at the highest high of the last three bars and SELL at the lowest low of the last three bars. This observation will keep you in the market at all times and should be used with a trend indicator so as not to be whip-sawed during consoidation periods. Using this same system test with weekly or monthly bars is a good way to stay with the trend, however. It would be advantageous also to be able to optimize this test with four, five, etc. also. Any help is greatly appreciated.
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Hey Milt-
There are a lot of folks here on the forum that can answer this exactly and unfortunately I'm not one of them. :( However, I've been playing around with this kind of concept. You might use this as a starting point for an exploration, but not for an indicator:
**3 day high**
H> Ref(H,-2) AND H> Ref(H,-1)
**consecutively higher closes**
C>Ref(C,-1) AND Ref(C,-1)>Ref(C,-2)
Sorry, not much help, I just didn't want you to think that on one was reading your post!
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Try :
{Buy}
Cross(C,Ref(HHV(H,3),-1))
{Sell}
Cross(Ref(LLV(L,3),-1),L)
Patrick :mrgreen:
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Wow, that's about as simple as it gets. Go Patrick, go Patrick!!! :o
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:lol: Does it even work :wink:
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Does it really matter? :lol: Just joking...
I'm sure Milt will let you know!!
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Rank: Advanced Member
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Rank: Advanced Member
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Thanks for making me laugh :lol:
Hopefully we have helped him while messing up his thread :D
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Thanks for the help g_ ...of course I'll let you and Patrick know how it works...look at the EOD bars in a non-consoildating market and watch the three day reversal...the Buy/Sell entry is the highest high or lowest low on the fourth day...in other words, if the highest high is hit on the fourth day BUY at that high, and obviously, if the lowest low is hit on the fourth day that's the SELL point and signal. Look at the daily CL or even SP and FOREX... Milt
g_stockman wrote:Hey Milt-
There are a lot of folks here on the forum that can answer this exactly and unfortunately I'm not one of them. :( However, I've been playing around with this kind of concept. You might use this as a starting point for an exploration, but not for an indicator:
**3 day high**
H> Ref(H,-2) AND H> Ref(H,-1)
**consecutively higher closes**
C>Ref(C,-1) AND Ref(C,-1)>Ref(C,-2)
Sorry, not much help, I just didn't want you to think that on one was reading your post!
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Patrick wrote:Try :
{Buy}
Cross(C,Ref(HHV(H,3),-1))
{Sell}
Cross(Ref(LLV(L,3),-1),L)
Patrick :mrgreen:
Hi again Patrick -
Just c&p'd your formula. Not what I'm looking for, unfortunately. I wish I could graphically show you the setup and execution... Do you trade futures and/or stocks. Let me know and I'll send you the dates and whatnot so it'll be easier to see what I'm talking about. Can I add an attachment of a MetaStock chart to this message?
P. S. Am I replying to the messages properly...like with this reply? Milt
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Rank: Advanced Member
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Why don't you attach a picture ... It will be easier for us to see what you want.
Patrick :mrgreen:
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have you looked at this expert in the formula section
PowerPivots Plus Time Capsules Expert
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henry1224 wrote:have you looked at this expert in the formula section
PowerPivots Plus Time Capsules Expert
Hi Henry1224 - Thanks for the suggestion, but no, I haven't looked at that...I don't load the Expert Advisors because there are so many conflicting elements to them...I can get in enough trouble by myself! LOL
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Rank: Advanced Member
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Milt have a look at the experts in the formula collection area!
I know that you will not be disapointed!
Henry
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Patrick wrote:Why don't you attach a picture ... It will be easier for us to see what you want.
Patrick :mrgreen:
Hi Patrick -
I'm having trouble getting you a jpeg of the chart...too high pixel count...is there another way to get you this picture?? Milt
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Rank: Advanced Member
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Rank: Advanced Member
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Here is Milt chart, if you want to help or offer a suggestion
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Rank: Advanced Member
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I was so darn close ...
Quote:
{Buy}
Cross(C,Ref(HHV(H,3),-1))
{Sell}
Cross(Ref(LLV(L,3),-1),L)
Instead
{Buy}
Cross(H,Ref(HHV(H,3),-1))
{Sell}
Cross(Ref(LLV(L,3),-1),L)
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