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Hello! I have another question about a custom Expert i am make...
Is there a built in formula command so as to make it give a positive result (buy or sell) only for the first signal of a row possible or negative signal. I was thinking of making it to compare the value (0 or 1) of the previous day, but the formulas are too many and it's not productive :)
Thank you in advance,
Termi
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Rank: Advanced Member
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Was thanked: 2 time(s) in 2 post(s)
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Rank:: Advanced Member
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hey termi..... yes you can compare any signal to any other signal and make a buy/sell decision.....so todays 'emc' negative or sell signal can be compared to any prior days signal or any signal on any other security...
without more to go on thats about the best i can help..... if more help is needed just holler back.....h
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Rank: Member
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What i want to do is something like this
a:=Mov(C,3,E) > Mov(C,70,E);
b:=(the same but for the previous day)
if(b=a,0,1)
So if there is a row of "1" signals only the first to be plotted on the graph.
But, if the formula is not that simple, and is derived from many calculations, is there a command that can tell Metastock what i want to do, without re-writting all the formulas for the previous day and then compare? In simpler words, i want the Expert to work like the option that exists in System Tester "Limit number of simultaneous positions to 1". I want the Explorer to give a buy signal only if it is the first one after a "sell" signal and the oposite.
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Rank:: Advanced Member
Groups ready for retrieval: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
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hey termi21.... there are several ways to achive that..... slightly modifying your code is perhaps one of the best methods..... it should plot a 1 only on the initial day the new buy/cross occurs.....holler back if more is needed.....h
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a:=Mov(C,3,E) > Mov(C,70,E);
b:=Ref(a,-1);
If((a=1 AND b=0),1,0)
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a second popular method would be to use the cross function..... it also only plots a 1 on the initial day of the cross.....such as;
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Cross(Mov(C,3,E),Mov(C,70,E))
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Rank: Member
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Joined: 3/15/2006(UTC)
Posts: 16
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Thanx man you are the best!... I knew there should be an easy way to do it
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