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You need to consider that this is a long only type system. IMHO you can't assume that the same formula that has only long signals is also appropriate for shorts.
However, you can do as you suggest - assume the sell is a short and the buy is a cover and see how that "looks".
d
On Fri, Dec 12, 2008 at 3:56 AM, techie11111 <techie11111@xxxxxxxx> wrote:
I have found the Following Article By Tomasz Janeczko on the Web
Here only Entry & Exit Signal are there.
Can Anybody help me code the short signal& exit & if the Short signal
is added,The correct coding of the Ribbon
Do I construe the Exit signal itself as short signal ?
Regards
Amikid
Article formula follows
LISTING 1
EntrySignal = C > ( LLV( L, 20 ) + 2 * ATR( 10 ) );
ExitSignal = C < ( HHV( H, 20 ) - 2 * ATR( 10 ) );
Color = IIf( EntrySignal, colorBlue, IIf( ExitSignal, colorOrange,
colorGrey50 ));
TrailStop = HHV( C - 2 * ATR(10), 15 );
ProfitTaker = EMA( H, 13 ) + 2 * ATR(10);
/* plot price chart and stops */
Plot( TrailStop, "Trailing stop", colorBrown, styleThick | styleLine );
Plot( ProfitTaker, "Profit taker", colorLime, styleThick );
Plot( C, "Price", Color, styleBar | styleThick );
/* plot color ribbon */
Plot( 1, "", Color, styleArea | styleOwnScale | styleNoLabel, -0.1, 50 );
--Tomasz Janeczko, AmiBroker.com
www.amibroker.com
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