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You have been a member since:: 4/15/2009(UTC)
Posts: 4
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dear friends..........
hello all.please help me with this range breakout code.i m getting some error in it.plz help me out.i tried it but struck sumwhere.the code is:-
RANGE BREAKOUT
ATRBars:=3; {Length of Average TrueRange}
ATRMult:=0.62; {Multiplier for ATR (Volatility Factor)}
MOMBars:=28; {Length of Momentum Indicator}
MOMBack:=10; {Length of Momentum LookBack Period}
ATRVal:=ATR(ATRBars)*ATRMult;
MOMVal:=Mom(C,MOMBars);
MOMTrnd:=If(MOMVal>Ref(MOMVal,-MOMBack),1,-1);
lePrice:=If(MOMTrnd>0,H+ATRVal,C+ATRVal);
sePrice:=If(MOMTrnd<0,L-ATRVal,C-ATRVal);
Cross(MOMTrnd,0)
AND buys at the value of the lePrice variable
Also it tells you to sell when this happens :
ATRBars:=3; {Length of Average TrueRange}
ATRMult:=0.62; {Multiplier for ATR (Volatility Factor)}
MOMBars:=28; {Length of Momentum Indicator}
MOMBack:=10; {Length of Momentum LookBack Period}
ATRVal:=ATR(ATRBars)*ATRMult;
MOMVal:=Mom(C,MOMBars);
MOMTrnd:=If(MOMVal>Ref(MOMVal,-MOMBack),1,-1);
lePrice:=If(MOMTrnd>0,H+ATRVal,C+ATRVal);
sePrice:=If(MOMTrnd<0,L-ATRVal,C-ATRVal);
Cross(0,MOMTrnd)
AND sells at the value of the sePrice variable
thanks.
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Rank: Advanced Member
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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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ez
Instead of saying, "i m getting some error in it" it is better to say, "I am getting a 'This is is not a valid function name error' and the cursor is placed in a line of code next to the Mom(C, MomBars) part of the code." This would have alleviated the need for us to do all the work required to help you to find where the error was and then to identify the cause...
MS was showing your where the error was. The MS function for momentum is Mo().
wabbit [:D]
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Rank: Newbie
Groups ready for retrieval: Registered, Registered Users
You have been a member since:: 4/15/2009(UTC)
Posts: 4
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hi wabbit.
thanks for your prompt reply.i got your point.but sir can u help me with the formula for the range bar,means above or below we can get the breakout(above high of that bar and below low of that bar).sir i want to develop a code based on that.luking forward for your help.
thanks.
eztrader.
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