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I want to filter out multiple Inside bars, when we have inside bars with in previous inside bar.
Please see image, how to filter out this multiple inside bars within that big Inside bars in formula.
or to get formula that filter out break out / break down of only that big inside bar and avoid all break out / break down of all small inside bars.
Thanks Edited by user Wednesday, March 15, 2017 5:05:08 PM(UTC)
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I'm reckoning this cannot be done (easily) in the very limited MS scripting language (MSFL) BUT it's easily achieved if you write the function externally, using the MDK (or getting someone to program it for you).
If it is possible, it's going to be slow as it's going to need a plethora of PREV functions.
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Originally Posted by: wabbit  I'm reckoning this cannot be done (easily) in the very limited MS scripting language (MSFL) BUT it's easily achieved if you write the function externally, using the MDK (or getting someone to program it for you).
If it is possible, it's going to be slow as it's going to need a plethora of PREV functions.
Thanks wabbit
Is their any possibility by using Forum.dll or any other dll available on forum?
Regards,
HarishEdited by user Thursday, March 16, 2017 6:41:06 AM(UTC)
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I once wrote a formula for breakout of multiple inside days (inside days as interpreted by Metastock). Perhaps you are looking for something like that. Search for inside day equis breakout and see if that serves your purpose. Edited by user Monday, March 20, 2017 2:06:48 PM(UTC)
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Debraj, although your code works for the second inside bar, I think the OP is looking for something more like:
 Edited by user Monday, March 20, 2017 11:46:16 PM(UTC)
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Originally Posted by: Debraj I once wrote a formula for breakout of multiple inside days (inside days as interpreted by Metastock). Perhaps you are looking for something like that. Search for inside day equis breakout and see if that serves your purpose.
Thanks Debraj
Regards
HarishEdited by user Tuesday, March 21, 2017 12:54:56 PM(UTC)
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Hi Wabbit,
This is the first time I am talking to you and let me take this opportunity to thank you for the value you have been providing us over the years. Truly, people like you, Roy, Jose and Henry are the real backbone of the Metastock community.
I may be wrong but it seems to me that my formula does precisely what the very beautiful illustrative image you have uploaded suggests. It nails down the bar on which the breakout of the high of the reference or control bar occurs, no matter how many small inside bars are in between. Of course in its present form the formula is hard coded to detect breakouts only if there are three or more small inside bars after the reference bar but that is easily taken care of using the input function.
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The chart I posted is using the external function I wrote to conceptualize it for myself; and some formatting. Outside the limiting MSFL realm, it doesn't matter how many inside bars there are under the "control" of the "reference" bar...
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