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PureBytes Links
Trading Reference Links
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You may have the equation of a Study, drawn by
hand and use
it as a new function for crossovers or anything
else.
First draw the line.
Then right click on the line, select properties
and, suppose
you read
Start X :2/8/2001
Start Y :11.88
End X :8/10/2001
End Y :10.06
Add to your code the following lines
<FONT
face=Courier>
x=Cum(1);<FONT
color=#ffff00>
x1=LastValue(ValueWhen(DateNum()==1010802,x,1));<FONT
color=#ffff00>
y1=11.88;<FONT
color=#ffff00>
x2=LastValue(ValueWhen(DateNum()==1011008,x,1));<FONT
color=#ffff00>
y2=10.06;
<FONT color=#ffff00 face=Courier
size=2>f1=y2+(y2-y1)*(x-x2)/(x2-x1);<FONT
color=#ffff00>
Graph0=IIf(x>=x1 AND
x<=LastValue(Cum(1)),f1,-1e10);
f1 is now the equation of your trendline,
extended up to the last
day of your data.
Comments
1. If you want to see just what you havedrawn by
hand, change the
last line to
Graph0=IIf(x>=x1 AND
x<=x2,f1,-1e10);<FONT
color=#000000>
2. Any parallel to f1 will come from the general
formula
<FONT face=Courier
size=2>
Graph1=IIf(x>=x1 AND
x<=LastValue(Cum(1)),f1+D,-1e10);
where D may be positive or negative number.
3. Use f1 like a function in any formula or relation, such as
cross(f1,H) or C<=f1 etc.
Dimitris
Tsokakis
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