Goodmorning,

may someone translate this tradestation's code in metastock language?

Is a code for renko chart with adaptive atr by konkop:

{Renko-Adaptive indicator (based on ATR)
Written by konkop 07.03.2002.
*********************
Attention: set MaxBarsBack (f.e. =30) in this study according with
MaxBarsBack value in the Renko_Adaptive strategy
for correct step-by-step calculations of the buy/sell levels
*********************}

Inputs: K(1),
Smooth(10);

vars:Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);

Value1 = AvgTrueRange(Smooth);

If BarNumber = 1 Then Begin
Up = H;
Dn = L;
Brick = K*(H - L);
End;
If BarNumber > 1 then begin
If C > UP + Brick Then begin
BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);
UP = Up + BricksUp;
Brick = K*Value1;
DN = Up - Brick;
BricksDn = 0;
End;
If C < Dn - Brick Then begin
BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);
Dn = Dn - BricksDn;
Brick = K*Value1;
Up = Dn + Brick;
BricksUp = 0;
End;
End;

Plot1(UP, "Up");
Plot2(DN, "Dn");
{***************end of code****************}

thanks.

gigi

gigi,

Without spending too much looking at the problem, I will suggest this function cannot be implemented easily in the MS formula language as it contains loops and references to previously computed variables.

The best option for this code is to write it as an external function using the MDK.


wabbit [:D]