Rank: Newbie
Groups: Registered, Registered Users
Joined: 10/19/2010(UTC)
Posts: 2
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Hello,
Stocks & Commodities magazine in November 2010 is the EasyLanguage
formula (tradestation) for the Zero Lag EMA designed by John Ehlers and
Ric Way with interesting features, someone can translate it in Metastock
language?
tradestation code:
EASYLANGUAGE CODE FOR THE ZERO-LAG INDICATOR
Inputs:
Length(20),
GainLimit(50);
Vars:
alpha(0),
Gain(0),
BestGain(0),
EC(0),
Error(0),
LeastError(0),
EMA(0);
alpha = 2 / (Length + 1);
EMA = alpha*Close + (1 - alpha)*EMA[1];
LeastError = 1000000;
For Value1 = -GainLimit to GainLimit Begin
Gain = Value1 / 10;
EC = alpha*(EMA + Gain*(Close - EC[1])) + (1 - alpha)*EC[1];
Error = Close - EC;
If AbsValue(Error) < LeastError Then Begin
LeastError = AbsValue(Error);
BestGain = Gain;
End;
End;
EC = alpha*(EMA + BestGain*(Close - EC[1])) + (1 - alpha)*EC[1];
Plot1(EC);
Plot3(EMA);
EASYLANGUAGE FOR THE ZERO-LAG TRADING STRATEGY
Inputs:
Length(20),
GainLimit(50),
Thresh(1);
Vars:
alpha(0),
Gain(0),
BestGain(0),
EC(0),
Error(0),
LeastError(0),
EMA(0);
alpha = 2 / (Length + 1);
EMA = alpha*Close + (1 - alpha)*EMA[1];
LeastError = 1000000;
For Value1 = -GainLimit to GainLimit Begin
Gain = Value1 / 10;
EC = alpha*(EMA + Gain*(Close - EC[1])) + (1 - alpha)*EC[1];
Error = Close - EC;
If AbsValue(Error) < LeastError Then Begin
LeastError = AbsValue(Error);
BestGain = Gain;
End;
End;
EC = alpha*(EMA + BestGain*(Close - EC[1])) + (1 - alpha)*EC[1];
If EC Crosses Over EMA and 100*LeastError / Close > Thresh Then Buy Next Bar on Open;
If EC Crosses Under EMA and 100*LeastError / Close > Thresh Then Sell Short Next Bar on Open;
Many Thanks
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 11/18/2007(UTC)
Posts: 96
Location: HK
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The zero-lag for metastock is here at the VST site. It has signals as well!
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 10/19/2010(UTC)
Posts: 2
|
Hi, in fact yesterday I was contacted privately Jose Silva and was kind enough to translate it. Jose is the best operating system developer metastock there in the world! Jose's website is full of technical tips ( www.metastocktools.com )
Many thanks
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