Rank: Newbie
Groups: Registered, Registered Users Joined: 11/28/2010(UTC) Posts: 2
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Hi,
I'm trying to build an expression were I check for a closing above a moving average, and to see how long that condition has been true, ie how many days the stock has been above the moving average.
I want to use it in an explorer where I search for stocks that's currently trading above its MA and be able to sort them or filter by how many days that's been true.
Is this possible in MS?
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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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Without getting into philosophical arguments: the count of the number of bars above the MA is the BarsSince() the price was below the MA.
wabbit [:D]
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Rank: Newbie
Groups: Registered, Registered Users Joined: 11/28/2010(UTC) Posts: 2
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Well, I guess I'm not a programmer....
I've tried the formula If(C>Mov(C,100,E),BarsSince(Cross(C,Mov(C,100,E))),0)
The thing that puzzles me is that when I apply the indicator Moving Average with Exponential 100 there are lots of charts with prices closing below the EMA at the end of the chart...
Other MA's like the MS11 - adaptive Moving Average, produces a line where prices close above.
So, why do they differ?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 10/29/2004(UTC) Posts: 1,394 Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
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Dexter,
In your statement
If(C>Mov(C,100,E),BarsSince(Cross(C,Mov(C,100,E))),0)
it will count the number of bars since the cross of c and the MA as long as the close is greater than the MA and it will stop and plot a 0 if the close is equal or less than the MA
BarsSince(Cross(C,Mov(C,100,E)))
will continue to count the number of bars since the cross of C and the ma until the next crossing
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