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Could someone please explain the use of <=0.001 in this
code
Cum((H-L)/Ref(C,-1)<=0.001)
(H-L) / Ref(C,-1) gives the price range / closing price of
previous day
The function Cum(Array) calculates the total of all records
in the array
I do not get the <=0.001
Normal
0
false
false
false
EN-AU
X-NONE
X-NONE
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Code:
Cum((H-L)/Ref(C,-1)<=0.001)
The cum function counts the number of times the range divided by the previous close is less than or equal to .001 as an example a .10 range divided by the previous close of 100 would equal .001 and the cum function would count the number of times that would happen
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 6/25/2013(UTC)
Posts: 2
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Thanks Henry. The code now makes sense.
I did not find this feature of cum when I googled "metastock cum function"
Is there a good web site for the definition of metastck functions.
From what you are saying:
On a daily chart Cum(C>30) examines every day for which there is data and returns the number of days on whch the closing price was over 30 $/share
I supose that is because Boolean False is recorded as zero and True is recorded as one.
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