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Joined: 5/8/2010(UTC)
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Location: Mumbai (India)
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Hi,
Below mentioned is the code used in Advanced Get XTL formula.
tgt = 35;
a = CCI(20) < -tgt;
b = CCI(20) > tgt;
state = If(a>b,-1,If(a==b,0,1));
Color = If(state == 0, colorBlack, If(state == 1, colorBlue, IIf(state == -1, colorRed, 0)));
It uses the Comodity Channel Index (CCI) for 20 periods and the target is 35. So the value is higher then 35, it is bullish and if the CCI(20) is less than -35, it is berrish.
Now how do I use it in Metastock so as to get the same effect as XTL in Advanced Get.
We can use either CCIE or CCI standard.
Thanks
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Rank: Advanced Member
Groups: Moderators, Registered, Registered Users, Subscribers
Joined: 10/8/2010(UTC)
Posts: 1,960
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The only way to do that in MetaStock is as a histogram. Use this formula:
tgt:= 35;
pl:= CCI(20);
If(pl>tgt, pl, 0);
If(pl<-tgt, pl, 0);
If(pl<=tgt AND pl>=-tgt, pl, 0)
after plotting it in a chart, set the line style and desired colors
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