Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2006(UTC)
Posts: 33
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I utilize the formula (If(-Cross(Mov(MACD(),9,E),0),1,0)) to indicate a buy.
I want to create an expert that tells me to buy one day later and then alerts me when the price is 10% above or 10% below on an EOD chart.
In other programming languages (Basic) I would say something like this to identify the day:
if (If(-Cross(Mov(MACD(),9,E),0),1,0)) =1 then
bdate =date()
bPrice = Close
end if
then I would go through each day from that date to examine the price (in this case the close):
Sell = false
if date() > bdate and close >= bprice *1.1 then
Sell = true
end if
That's how my brain has been wired up till now. I need to rewire it for Metastock, can someone help?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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jer, See http://forum.equis.com/forums/thread/20672.aspx on latching exit criteria to the entry price. Also if(If(-Cross(Mov(MACD(),9,E),0),1,0)) =1 is more simply written as: Cross(Mov(MACD(),9,E),0) which will return a value of 1 (true) or 0 (false) , so you do not need to use the if(criteria,1,0) code section. I envisage something along these lines might help: Code:
Entry:=Cross(Mov(MACD(),9,E),0);
Tr:=
If(PREV=0,
If(Ref(Entry,-1),OPEN,0), {buy on open on the next bar}
If(C>(0.9*PREV) OR C>(1.1*PREV), 0,{PREV is the entry price}
PREV));
{plot}
Tr;
This is NOT fast but it should show you some way to solve your issue.. wabbit [:D] P.S. This is the third latching question on the Forum in the past few days... why the sudden rush? and why aren't members reading the other posts? [:confused]
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2006(UTC)
Posts: 33
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Thanks Wabbit
In regards to the PS, I can shed light on why I didnt see the other posts:
1) Didn't know it was called "Latching"
2) Not use to the search function working yet [:)] Took me a while to get use to it not working, now that everything is great, it wll take a while.
3) I'm old (seems to work in quite a few situations. I deserve it)
Thanks again
Jerry
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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jer99 wrote:In regards to the PS, I can shed light on why I didnt see the other posts:
1) Didn't know it was called "Latching"
2) Not use to the search function working yet ![Smile [:)]](../emoticons/emotion-1.gif) Took me a while to get use to it not working, now that everything is great, it wll take a while. You can keep up-to-date with all the goings on at the Forum be reading, not each individual board, but the active message threads by using the link http://forum.equis.com/forums/TopicsActive.aspx
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