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Help me develop my Formula ( related with Inside bar)
Rank: Member
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Joined: 8/5/2012(UTC)
Posts: 16
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Hi,
I want to write a formula in explorer of Metastock.
My key requirements are:
1. 5 day before range of the stock ( open-close or close-open) should be greater than or equal to average of last 20 day range( each day range is calculated by open-close or close-open )
2. after that stock should move inside of the Big day ( in this case 5 day before) ( inside )
3. and break above or below the Big day ( which came 5 day before) should be buy or sell with stop as other high or low.
please help me to write this simple exploration formula and also plz tell how will I write this in expert system.
Thanks
Ankur
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/13/2005(UTC)
Posts: 715
Location: Midwest, USA
Was thanked: 1 time(s) in 1 post(s)
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Item 1 sounds like you're looking for the short-term range expansion to be equal to or greater than the long-term -- your "Big Day" condition.
Item 2 you're going to need to explain more clearly. How does the "stock" move "inside"?
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Rank: Member
Groups: Registered, Registered Users
Joined: 8/5/2012(UTC)
Posts: 16
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let me give u an example....
say the average range of the stock is 3 points ( open-close or close - open , avg taken for last 20 days)
5 days before, that stock abc range becomes 5 points ( so this stock can be considered )
then after this BIG candle rest 4 days are inside the big candle( i.e. open and close are inside high and low of BIG candle for each of the last 4 days)
any breakout( on closing basis) above or below the high/low of the big candle is a buy or sell signal.
hope this clears my point.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/13/2005(UTC)
Posts: 715
Location: Midwest, USA
Was thanked: 1 time(s) in 1 post(s)
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Give this a try:
Code:{ DEFINE }Range:=Abs(O-C);Range05:=Mov(Range,5,S);Range20:=Mov(Range,20,S);
{ CONDITIONS }RangeExpand:=Range05>=Range20;BigCandle:=Range>=5 AND RangeExpand;BigCandleValue:=ValueWhen(1,BigCandle,Range);Last4:={BarsSince(BigCandle)>=5 AND}Sum(Range<BigCandleValue,4)=0 ANDRangeExpand;
Entry:=CLOSE>ValueWhen(1,Last4,HIGH) AND RangeExpand;Exit:=CLOSE<ValueWhen(1,Last4,LOW) AND RangeExpand;
{ REMOVE EXTRA SIGNALS, +1=Buy -1=Sell }Init:=Cum(IsDefined(entry+exit))=1; { Flag=enough data }Same:=Entry AND Exit; { Same Bar }Signal:=ValueWhen(1,Entry-Exit<>0 OR Init,Entry); { Current Entry }Entry:=If(Same,Entry*(Signal=0),Entry); { Valid }Exit:=If(Same,Exit*Signal,Exit); { Valid }Signal:=ValueWhen(1,Entry-Exit<>0 OR Init,Entry); { Valid Current Entry }Entry:=Signal*(Alert(Signal=0,2) OR Entry*Cum(Entry)=1); { Current or 1st }Exit:=(Signal=0)*(Alert(Signal,2) OR Exit*Cum(Exit)=1); { Current or 1st }Signal:=Entry-Exit; { Filtered }Season:=ValueWhen(1,Signal<>0,Entry)*2-1; { Signal active }
{ DISPLAY }Signal;
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Rank: Member
Groups: Registered, Registered Users
Joined: 8/5/2012(UTC)
Posts: 16
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many thanks Jistein.
[edited by wabbit -- problem already posted in many other threads!]
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Help me develop my Formula ( related with Inside bar)
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