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Posts: 5
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I find this useful on Bloomberg but i want to code on Metastock. Aprreciate if anyone can do. Thanks.
Logic - helps in identifying uptrend / downtrend.
1. Identify a prospective bullish trend first:
If price low > 12 prior lows, then selling pressure easing.
2. Plot bullish TD MA once condition (1) is satisfied where
TD MA = 5 bars MA of lows & extends it for another 4 bars (ie. current price bar & 3 more into future).
And if within the next 4 bars & the market does record a low greater than all 12 previous lows, then the 5-bar MA will continue for another 4 bars. Otherwise, the MA is not plotted.
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
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Hi Pete,
Maybe something like this?
Code:
SellPressEasing:=Sum(L>Ref(L,-1),12) >= 12;
MA:=Mov(L,5,S);
TDMA:=If(SellPressEasing,MA,If(BarsSince(SellPressEasing) <= 3,ValueWhen(1,SellPressEasing,MA),0));
{plot}
TDMA;
Quote:Otherwise, the MA is not plotted.
Once an indicator starts plotting (returning values) it cannot be switched on and off.
Hope this helps. wabbit [:D] edit: It seems the admin team have been playing around with the BBCode styles - - hence the gt and lt tags where the pointy arrows should be??
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