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Schaffer is so so, but here's a new and improved version of the
highlights. If you're going to use them, they might as well tell you
something you can use. I wrote some Aroon code for highlights that's
about 10% more accurate in spotting trend changes, but these are
pretty good.
These Schaff highlight are comparable to CS Scientific's highlights,
which are very good considering they came with MS. These work best
when used on time frames greater than 20 min. I haven't tried to fix
them up for 5 and 10 minute screens. Maybe later.
Highlight Green Up Trend
Cycle:=10;
SH:=23;
LG:=50;
MCD := Wilders( Typical(),Sh) - Wilders( Typical(),Lg);
ST := ((MCD-LLV(MCD,Cycle)) / (HHV(MCD,Cycle)-LLV(MCD,Cycle))) *100;
STC := Wilders(ST,Cycle/2);
i:=Cross(stc,25);
dn:=Cross(25,stc);
x:=BarsSince(i)<=BarsSince(i OR dn)=0;
X=0
Highlight Red Down Trend
Cycle:=10;
SH:=23;
LG:=50;
MCD := Wilders( Typical(),Sh) - Wilders( Typical(),Lg);
ST := ((MCD-LLV(MCD,Cycle)) / (HHV(MCD,Cycle)-LLV(MCD,Cycle))) *100;
STC := Wilders(ST,Cycle/2);
i:=Cross(25,stc);
dn:=Cross(stc,25);
x:=BarsSince(i)<=BarsSince(i OR dn)=0;
X=0
Remember to color your price line black. Compare this to the CS
Scientific's to make sure you've got it. These should be just a little
better.
Good luck writing an Aroon version that's 10% better than these two.
These are highlights for trends, not entry and exit signals.
Maybe someone can optimize these and share them. That would be nice!
JO
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