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jpbgr
No, I can't convert the code to MetaStock but I am sure there are others in
this forum who can. Hopefully someone will be able to help.
Roy
----- Original Message -----
From: "jpbgr" <no_reply@xxxxxxxxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Friday, December 05, 2003 8:45 AM
Subject: [EquisMetaStock Group] Re: RSI and Stochastic Look Ahead Formula
> --- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
> wrote:
> > Marshall
> >
> > 'cucu' from Turkey supplied this on the StockCentral forum as an RSI
> > lookahead formula. All the credit is his.
> > valuemid:=Input("RSI Value Mid",1,100,50);
> > wildpermid:=Input("Wilder Time Periods
> > Mid",1,100,8);
> > exppermid:=2*wildpermid-1;
> > {Average Up Close-Mid};
> > aucmid:=Mov(If(C>Ref(C,-1),C-Ref(C,-1),0),exppermid,E);
> > {Average Down Close-Mid};
> > adcmid:=Mov(If(Ref(C,-1)>C,Ref(C,-1)-C,0),exppermid,E);
> > xmid:=(wildpermid-1)*(adcmid*valuemid/(100-valuemid)-aucmid);
> > revengrsimid:=If(xmid>=0,C+xmid,C+xmid*(100-valuemid)/valuemid)
> > revengrsimid;
> >
> > I tweaked it a bit to conform to my own style but my version is
> functionally
> > identical the the one above.
> >
> > {RSI Price Lookahead}
> > R:=Input("RSI Threshold",1,100,50);
> > D:=Input("RSI Periods ",1,100,10);
> > K:=Ref(C,-1);
> > Up:=Wilders(If(C>K,C-K,0),D);
> > Dn:=Wilders(If(K>C,K-C,0),D);
> > X:=(D-1)*(Dn*R/(100-R)-Up);
> > If(X>=0,C+X,C+X*(100-R)/R);
> >
> > The object of this as an indicator is that an RSI periods and
> threshold
> > value can be set, and then the last bar of the indicator will plot
> the next
> > CLOSE that is necessary for the RSI to plot the threshold value.
> Changing
> > the last line to
> >
> > LastValue(revengrsimid); or
> >
> > LastValue(If(X>=0,C+X,C+X*(100-R)/R));
> >
> > in the relevant indicator will plot a straight line at the required
> CLOSE.
> >
> > Roy
>
>
> Roy,
> The current volatility of the SP500 measured in hourly basis
> demonstrate a higher volatility occurs during the first two and last
> two hours of the day and GEORGES CORNER developed the following
> system to take advantage of the various volatility levels during the
> days:
> * only initiate the trade between 2:30 and 3:30 eastern.
> *at 2:30 place a buy stop at the high of the day plus one tick and
> place a sell stop at the low of the day minus one tick.
> *if one gets filled,then cancel the other.
> *get the highest high and the lowest low of the last six 5 minutes
> bars every five minutes.
> *once an entry has been triggered use the highes high/lowest low of
> the last six 5 minutes bars as your trailing stop.This stop will work
> as your protection and profit objective.
>
> Overall the system performed admirably.He kept the draw down to less
> than $20,000.
> TEST 7.50 years or 1887 trading days.
> aver. net/year 14250$
>
> Here is the TradeStation 7.1 Easy Language Code for the system:
>
> programmed by Georges Pruitt
> vars:hh(0),II(999999);
>
> if(date <> date [1]) then
> begin
> hh = 0;II = 999999;
> end;
>
>
> if(high > hh) then hh= high;
> if(low< II)then II = low;
>
> if(time >= 1430 and time < 1530)then
> begin
> if(entriestoday(date) = 0) then buy next bar at hh +
> minmove/priceScale stop;
>
> if (entriestoday(date) = 0) then sellshort next bar at 11-
> minmove/priceScale stop;
> end;
>
> buytocover next bar at highest(high,6) +minmove/priceScale stop;
>
> sell next bar at lowest(low,6)+ minmove/priceScale stop;
>
> setexitonclose;
>
> Roy can you program this code in Metastock and so eveybody can take
> advantage of this system?
>
> Thank you for the answer .
>
>
>
>
>
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>
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>
>
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