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Hello Vinit,
Yes, let's say that you have three price bars; Monday, Tuesday and
Wednesday, and you want to identify sequentially lower closes. You could
specify:
C > Ref(C,+1) AND Ref(C,+1) > Ref(C,+2)
and it is logically the same as specifying:
C < Ref(C,-1) AND Ref(C,-1) < Ref(C,-2)
The difference being is that, in the first example, C refers to Monday and,
in the second, C refers to Wednesday.
I hope that makes sense.
If we knew the today's value of Ref(C,+1), it would be very nice indeed ;-).
Regards,
Kevin
At 18:12 24/11/2003 +0000, you wrote:
>
>HI kevin does metastock make c,+1 days in the
>indicator formations
>
>
>Vinit
>--- Kevin <kevin_barry@xxxxxxxxxxxxxx> wrote:
>---------------------------------
>A little while ago, I posted an indicator that
>highlighted candlestick
>formations as they were forming on realtime charts.
>Here is a variation
>that will highlight Clayburg's support and resistance
>points as they are
>developing:
>
>Create a new indicator called Clayburg S/R Histogram
>(or whatever). Paste
>in the following formula:
>
>{Category 1 High}
>Cat1H:=
>If(Ref(H,-1) < H AND
> Ref(H,+1) < H,
> 1, 0);
>
>{Category 1 Low}
>Cat1L:=
>If(Ref(L,-1) > L AND
> Ref(L,+1) > L,
> -1, 0);
>
>{Category 2 High}
>Cat2H:=
>If(Ref(H,-2) < H AND
> Ref(H,-1) < H AND
> Ref(H,+1) < H AND
> Ref(H,+2) < H,
> 2, 0);
>
>{Category 2 Low}
>Cat2L:=
>If(Ref(L,-2) > L AND
> Ref(L,-1) > L AND
> Ref(L,+1) > L AND
> Ref(L,+2) > L,
> -2, 0);
>
>{Category 3 High}
>Cat3H:=
>If(Ref(H,-3) < H AND
> Ref(H,-2) < H AND
> Ref(H,-1) < H AND
> Ref(H,+1) < H AND
> Ref(H,+2) < H AND
> Ref(H,+3) < H,
> 3, 0);
>
>{Category 3 Low}
>Cat3L:=
>If(Ref(L,-3) > L AND
> Ref(L,-2) > L AND
> Ref(L,-1) > L AND
> Ref(L,+1) > L AND
> Ref(L,+2) > L AND
> Ref(L,+3) > L,
> -3, 0);
>
>Cat1H;
>Cat1L;
>Cat2H;
>Cat2L;
>Cat3H;
>Cat3L;
>
>When you have finished, plot the indicator on any
>chart. Click on one
>example of each of the six plots and change the style
>to histogram and, if
>you prefer, the high plots to green and the low plots
>to red. Add one
>horizontal line with a value of zero for aesthetic
>reasons. Save as a
>template. The height of each line will indicate which
>category has been
>identified corresponding to the Y-axis scale.
>
>Cat 3 S/R points are more significant than Cat 2,
>which, in turn, are more
>significant than Cat 1. The indicator will
>automatically upgrade the
>category as and when the need arises.
>
>Enjoy,
>Kevin
>
>
>
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