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I added these two indicators. The BUY is the blue line and the SELL
is the red line on the chart window. I'm finding it difficult to
understand how it is producing the buy/sell/stop signals viz,
crossover of price with red/blue or crossover of red and blue etc.
Kindly advise.
Sukhen
--- In equismetastock@xxxxxxxxxxxxxxx, "Jose" <josesilva22@xxxx>
wrote:
> ...or one could save a lot of space thus:
>
> =====================
> Count Back Line - Buy
> =====================
> ---8<----------------
>
> pdsLo:=Input("Periods to cover last Low for CBL calculation:",2,252,
> 13);
> H1:=Ref(H,-1);
> H2:=Ref(H,-2);
> H3:=Ref(H,-3);
> H4:=Ref(H,-4);
> H5:=Ref(H,-5);
>
> CBLB:=If(L>LLV(L,pdsLo),PREV,
> If(H2>H1 AND H1>H,H2,
> If(H3>HHV(H,3) AND (H2>H OR H1>H),H3,
> If(H4>HHV(H,4) AND (H3>H OR H2>H OR H1>H),H4,
> If(H5>HHV(H,5) AND (H4>H OR H3>H OR H2>H
> OR H1>H),H5,
> PREV)))));
>
> CBLB
>
> ---8<----------------
>
>
> ======================
> Count Back Line - Sell
> ======================
> ---8<-----------------
>
> pdsHi:=Input("Periods to cover last High for CBL
calculation:",2,252,
> 13);
> L1:=Ref(L,-1);
> L2:=Ref(L,-2);
> L3:=Ref(L,-3);
> L4:=Ref(L,-4);
> L5:=Ref(L,-5);
>
> CBLS:=If(H<HHV(H,pdsHi),PREV,
> If(L2<L1 AND L1<L,L2,
> If(L3<LLV(L,3) AND (L2<L OR L1<L),L3,
> If(L4<LLV(L,4) AND (L3<L OR L2<L OR L1<L),L4,
> If(L5<LLV(L,5) AND (L4<L OR L3<L OR L2<L
> OR L1<L),L5,
> PREV)))));
>
> CBLS
>
> ---8<-----------------
>
> jose '-)
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, dusant@xxxx wrote:
> > I think this is what ur looking for:
> >
> > CBLhi:
> >
> > HighDays := Input("Enter # days to cover last HIGH for CBL
calc'n:",
> > 3, 55, 13);
> >
> > If(HIGH < HHV(HIGH, HighDays), {then ...} PREV, {previous CBLhi,
> > else...} If(Ref(L,-2) < Ref(L,-1) AND Ref(L,-2) < L AND Ref(L,-1)
<
> > L, {then ...} Ref(L,-2), {2nd day back low, else...} If((Ref(L,-3)
<
> > Ref(L,-2) AND Ref(L,-3) < Ref(L,-1) AND Ref(L,-3) < L) AND (Ref(L,
> -2)
> > < L OR Ref(L,-1) < L), {then ... } Ref(L,-3), {3rd day back low,
> > else...} If((Ref(L,-4)< Ref(L,-3) AND Ref(L,-4) < Ref(L,-2) AND
Ref
> > (L,-4) < Ref(L,-1) AND Ref(L,-4) < L) AND (Ref(L,-3)< L OR Ref(L,-
2)
> > < L OR Ref(L,-1) < L), {then... } Ref(L,-4), {4th day back low,
> > else...} If((Ref(L,-5)< Ref(L,-4) AND Ref(L,-5) < Ref(L,-3) AND
Ref
> > (L,-5) < Ref(L,-2) AND Ref(L,-5) < Ref(L,-1) AND Ref(L,-5) < L)
AND
> > (Ref(L,-4)< L OR Ref(L,-3) < L OR Ref(L,-2) < L OR Ref(L,-1) <
L),
> > {then ...} Ref(L,-5), {5th day back low, else...} PREV )))))
> >
> > {and for the CBL from a LOW }
> >
> > CBLlo:
> >
> > LowDays := Input("Enter # days to cover last LOW for CBL
calc'n:",
> 3,
> > 55, 13);
> >
> > If(LOW > LLV(LOW, LowDays), {then ...} PREV, {previous CBLlo,
> > else...} If(Ref(H,-2) > Ref(H,-1) AND Ref(H,-2) > H AND Ref(H,-1)
>
> > H, {then ...} Ref(H,-2), {2nd day back high,else...} If((Ref(H,-3)
>
> > Ref(H,-2) AND Ref(H,-3) > Ref(H,-1) AND Ref(H,-3) > H) AND (Ref(H,
> -2)
> > > H OR Ref(H,-1) > H), {then ... } Ref(H,-3), {3rd day back
> > high,else...} If((Ref(H,-4)> Ref(H,-3) AND Ref(H,-4) > Ref(H,-2)
AND
> > Ref(H,-4) > Ref(H,-1) AND Ref(H,-4) > H) AND (Ref(H,-3)> H OR Ref
(H,
> -
> > 2) > H OR Ref(H,-1) > H), {then... } Ref(H,-4), {4th day back
> > high,else...} If((Ref(H,-5)> Ref(H,-4) AND Ref(H,-5) > Ref(H,-3)
AND
> > Ref(H,-5) > Ref(H,-2) AND Ref(H,-5) > Ref(H,-1) AND Ref(H,-5) >
H)
> > AND (Ref(H,-4)> H OR Ref(H,-3) > H OR Ref(H,-2) > H OR Ref(H,-1)
>
> > H), {then ...} Ref(H,-5), {5th day back high,else...} PREV )))))
> >
> > Dusant
> > Chief Architect
> > http://www.candlestrength.com/
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