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Looking for scan help.
ADX above 40, stocks making a new 15 day high, volume bar increasing either up or down at least 30%. |
Regards,
Frank Koenig
Trade Like a Pro
Trend is your Friend |
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Doesn't sound too hard -- post the formula which is giving you problems.
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pds:=input("length",2,100,15);
Cond1:=ADX(pds)>40;
Cond2:=H>Ref(HHV(H,Pds),-1);
Cond3:=V>Ref(V,-1)*1.3;
Signal:=Cond1*Cond2*Cond3;
Signal
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Rank: Advanced Member
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>>increasing either up or down at least 30%.
If he means "changing" instead of "increasing", Cond3 would have to be:
Cond3:=V>Ref(V,-1)*1.3 OR V<Ref(V,-1)*0.7;
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Rank: Advanced Member
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pds in Cond 1 what would you put there?
Also what is this ? pds:=input("length",2,100,15);
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Regards,
Frank Koenig
Trade Like a Pro
Trend is your Friend |
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Rank: Advanced Member
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Location: Midwest, USA
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>>Also what is this ? pds:=input("length",2,100,15);
That is your "15-day high" condition.
>>pds in Cond 1 what would you put there?
The usual is around 14+/- days, so Henry probably just re-used that variable. It could be separated, like this:
Lookback:=Input("New high",2,100,15);
AdxBars:=Input("ADX Periods",2,100,13);
Cond1:=ADX(AdxBars)>40;
Cond2:=H>Ref(HHV(H,Lookback),-1);
Cond3:=V>Ref(V,-1)*1.3 OR V<Ref(V,-1)*0.7;
Signal:=Cond1*Cond2*Cond3;
Signal
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Rank: Advanced Member
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Hi jjstein, I tried to enter the formula into a new exploration, and Metastock wouldn't let me :-( Code:
Lookback:=Input("New high",2,100,15);
AdxBars:=Input("ADX Periods",2,100,13);
Cond1:=ADX(AdxBars)>40;
Cond2:=H>Ref(HHV(H,Lookback),-1);
Cond3:=V>Ref(V,-1)*1.3 OR V<Ref(V,-1)*0.7;
Signal:=Cond1*Cond2*Cond3;
It said,"This fucnction is not allowed in this type of formula." the cursor was flashing on the 1st line of code (Lookback) between the the = sign & the word Input. :-( screenshot;  Any ideas? TheGhost
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Rank: Advanced Member
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The INPUT statement can only be used in a custom Indicator. Anywhere else, you either call the Indicator using FML():
Fml("My Indicator");
...or change the statements from Input to direct assignment:
Lookback:=15;
AdxBars:=13;
Cond1:=ADX(AdxBars)>40;
Cond2:=H>Ref(HHV(H,Lookback),-1);
Cond3:=V>Ref(V,-1)*1.3 OR V<Ref(V,-1)*0.7;
Signal:=Cond1*Cond2*Cond3;
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Rank: Advanced Member
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Location: Poole Dorset England
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Ah Ha!
That's how.
Many Thanks jjstein.
Knew it could be done,,, it was just the how!
TG :-)
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