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Walid Khalil And David Steckler’s article, “Entering the
Price Zone,” offers new indicator and suggests some rules for trading it.
To create a system test:
- Tools > the New
- Buy Order tab and enter the
following formula.
R := If( C > Ref( C, -1 ), C, -C );
CP := Mov(R, 14, E );
TC := Mov(C, 14, E );
PZO := 100 * ( CP / TC );
retrace := If( Cross( 40, PZO), 1,
If( PREV = 1 AND Cross( PZO, 0), 2, PREV ) );
C > Mov(C, 60, E) AND ADX( 14 ) > 18 AND
( Cross( PZO, -40 ) OR
(retrace = 2 AND Cross( PZO, 20 ) ) )
- Sell Order tab and enter
the following formula.
R := If( C > Ref( C, -1 ), C, -C );
CP := Mov(R, 14, E );
TC := Mov(C, 14, E );
PZO := 100 * ( CP / TC );
( PZO < 0 AND C < Mov( C, 60, E ) ) OR
( Ref( PZO > 60, -1 ) AND PZO < Ref( PZO, -1 ) )
- Sell Short Order tab and
enter the following formula.
R := If( C > Ref( C, -1 ), C, -C );
CP := Mov(R, 14, E );
TC := Mov(C, 14, E );
PZO := 100 * ( CP / TC );
retrace := If( Cross( PZO, -40 ), 1,
If( PREV = 1 AND Cross( 0, PZO ), 2, PREV ) );
C < Mov(C, 60, E) AND ADX( 14 ) > 18 AND
( Cross( 40, PZO ) OR
(retrace = 2 AND Cross( -20, PZO ) ) )
- Buy to Cover Order tab and
enter the following formula.
R := If( C > Ref( C, -1 ), C, -C );
CP := Mov(R, 14, E );
TC := Mov(C, 14, E );
PZO := 100 * ( CP / TC );
( PZO > 0 AND C > Mov( C, 60, E ) ) OR
( Ref( PZO < -60, -1 ) AND PZO > Ref( PZO, -1 ) )
- OK to close the system editor.
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