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Joined: 4/3/2009(UTC)
Posts: 12
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Friends, I like to explore security which explaining the last value position compare to Peak or Trough. I want to know, the current stock price is going down after Peak or going up after Trough. I tried with Variation:=0.001;
up:=Peak(1,C,Variation);
dn:=Trough(1,C,Variation);
zup:=Ref(up,-1);
zdn:=Ref(dn,-1);
Cross(C,zdn) or Cross(zup,C) but the result is poor.
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Rank: Advanced Member
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Joined: 3/6/2010(UTC)
Posts: 113
Location: London
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Could you be more specific when you say the results are poor?
What is wrong with it?
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Rank: Advanced Member
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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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I think your Cross() functions are around the wrong way? Predicting ahead to defining what I think you want but you didn't ask for :( Code:
Variation:=0.001;
up:=Peak(1,C,Variation);
dn:=Trough(1,C,Variation);
zup:=Ref(up,-1);
zdn:=Ref(dn,-1);
test:=Cross(C,zup) OR Cross(zdn,C);
count:=cum(test);
reset:=peakbars(1,C,Variation)=0 or troughbars(1,C,Variation)=0;
counter:=count-valuewhen(1,reset,count);
{plot discrete signals}
counter=1 and alert(counter<>1,2);
???? untested code: and I'd never trade anything using Peak(), Trough() or similar hindsight based indicators without fully understanding how they work! wabbit [:D]
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/6/2010(UTC)
Posts: 113
Location: London
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Pardon my misunderstanding, but in the code above, isn't the peak or trough detected the bar after when it is actually formed? How would that be hindsight?
Thanks.
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