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Thanks, Mike, your explanations are great! I don't always do as good a job
of communicating these things clearly, but when I posted originally I was
trying to find a way to run an exploration for an event which has occurred
for the first time. More specifically, the first retracement in a trend,
regardless of how the trend (or the retracement) is defined.
In the past, I've simply created an indicator and then "called" it in the
symbol or highlight section of an expert. So I would have written something
like:
Fml( "Trenddefinition") and Fml("Retracement") . . . and then chosen a buy
arrow or some such. When both obtain I get my signal. Wouldn't that give me
the same result as the code you and metarockx have written? But now I'm
trying to isolate that first retracement and explore for that first event
alone -- and I'm stumped.
In terms of watching the way price moves, it seems that the first
retracement after a trend kicks in has a better chance of leading to a
profitable trade than later retracements. I'm still at the "hunch" stage
about this, but I'd like to investigate further. So how do I nail (i.e.
explore for) that first retracement? Say my trend definition has been true
since October 1, 2003 (or even just since yesterday, for that matter) and
today, for the first time, my retracement definition is met. Using your
.jpg as an example, I'd like to run an exploration that would identify only
such retracements as the one signal both you and metarockx have identified
early in July -- the first signal of its kind after the trend definition
has kicked in.
I'm afraid I didn't do a good job of expressing this in my initial post.
Philip
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