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Ok, all you need to do now, is to alter the original code ever so
slightly:
1) Change the user-inputs to fixed variables;
2) Rem {} out the RSI references in the Bullish & Bearish sections;
If you encounter any problems with this task, consider getting a
subscription to the best MetaStock education around:
http://www.metastocktips.co.nz/
jose '-)
--- In equismetastock@xxxxxxxxxxxxxxx, sai20_2000 <no_reply@xxxx>
wrote:
>
>
> HI jose,
>
> Perhaps u were right about the probability of the indicator to
> generate signals, It generated NONE of the signals(I expected) as it
> were conflicting.AS u have also given a good name to this indicator.
> If I come down to the core of the issue is it possible to narrow it
> down to following conditions.Please advise,( in exploration mode)
> -) 1)Bullish- (2 bar consecutive) open should be in bottom 20%
> of the days range and close in top 20% of days range
> 2-)Bearish (2 bar consecutive) open should be in top 20% of days
> range and close in bottom 20% of days range
> IN both cases the bars range should be above avg 10 days range.
>
> Thanks again
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose" <josesilva22@xxxx>
> wrote:
> >
> > Conflicts in your strategy strategy will guarantee that you will
> get
> > very few signals out of the indicator below.
> > For example, the RSI levels are in conflict with the wide-range/
> > extreme bars.
> > Try RSI levels closer to 50, and also experiment with less severe
> > range conditions and perhaps one consecutive bar to start with.
> >
> > ===========================
> > mismatched system indicator
> > ===========================
> > ---8<--------------------------
> >
> > { http://users.bigpond.com/prominex/pegasus.htm }
> >
> > { User inputs }
> > pds1:=Input("Consecutive bars",1,21,2);
> > pds2:=Input("RSI periods",2,252,14);
> > rsBot:=Input("RSI bottom level",0,100,30);
> > rsTop:=Input("RSI top level",0,100,75);
> > bot:=Input("Bottom range threshold %",
> > 0,100,20)/100;
> > top:=Input("Top range threshold %",
> > 0,100,80)/100;
> >
> > { Indicators }
> > range:=H-L;
> > Rseye:=RSI(C,pds2);
> >
> > { Bullish }
> > bull:=O-L<=range*bot
> > AND C-L>=range*top
> > AND Rseye<rsBot
> > AND Rseye>Ref(Rseye,-1)
> > AND range>Mov(range,10,S);
> > bull:=Sum(bull,pds1)=pds1;
> >
> > { Bearish }
> > bear:=O-L>=range*top
> > AND C-L<=range*bot
> > AND Rseye>rsTop
> > AND Rseye<Ref(Rseye,-1)
> > AND range>Mov(range,10,S);
> > bear:=Sum(bear,pds1)=pds1;
> >
> > { Plot signals in own window }
> > 0;bull-bear
> >
> > ---8<--------------------------
> >
> >
> > jose '-)
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, sai20_2000 <no_reply@xxxx>
> > wrote:
> > >
> > >
> > > Hello,
> > > i want to find out two consecutive bullish or bearish bars , for
> > > resp. following conditions
> > > 1)Bullish- open should be in bottom 20% of the days range and
> > > close in top 20% of days range and rsi below 30 rising
> > > 2) Bearish - open should be in top 20% of days range and close
> > > in bottom 20% of days range.and rsi above 75 falling
> > > Both the bars range should be above Average daily Range (10)
> > > Any suggestions please.
> > >
> > > Thanks
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