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Paul,
Here's another of his systems taken from the purebyte archives.
---------------------<9>--------------------
05_ADXR,ROC, ema,S/C - All
SIGNAL FORMULAS
---------------
Enter Long:
Alert(Cross(ADXR(13),opt1), 13) AND
Tema(ROC(C,55,%),55) > 0 AND
HHV(Mov(C,21,E),5) = HHV(Mov(C,21,E),13) AND
Tema(10000*LinRegSlope(C,34)/C,34) > 0
Close Long:
LLV(Mov(C,21,E),5) = LLV(Mov(C,21,E),13) AND
LLV(Tema(ROC(C,55,%),55),5) =
LLV(Tema(ROC(C,55,%),55),13) AND
ADXR(13) < 21
Enter Short:
Alert(Cross(ADXR(13),opt2), 13) AND
Tema(ROC(C,55,%),55) < 0 AND
LLV(Mov(C,144,E),5) = LLV(Mov(C,144,E),13) AND
Tema(10000*LinRegSlope(C,34)/C,34) < 0
Close Short:
Tema(ROC(C,55,%),55) > 0
OPTIMIZATION VARIABLES
----------------------
OPT1: Min = 21.00 Max = 27.00 Step = 3.00
OPT2: Min = 21.00 Max = 24.00 Step = 3.00
STOPS ALL OFF
--------------<9>---------------
Notice the use of the HHV above. To really see how this works plot
the following as a single indicator:
HHV(Mov(C,21,E),5);
HHV(Mov(C,21,E),13);
Indeed when they are equal the price is rising and you are setting
new highs, in this case for both the 5 and 13 periods of the highest
high value of the moving average.
Hope this helps,
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Paul Harris"
<paul_vicmar@xxx> wrote:
>
> All
> Sometime back you may have read about some system tests that were
> proposed by Jim Greening which he devised in the 1990´s
(message25181).
> I have been gradually pulling these tests apart to see exactly what
> they say and do.
> In some of Jim´s tests he uses this function to confirm if prices
or
> indicator are rising: HHV(X,5) = HHV(X,13) where X could be price
or
> indicator.
> In the Metastock Manual it gives the example :
> HHV(CLOSE,5) meaning "the highest closing price over the preceding
> five periods".
> What I don´t really understand is the = function in
> HHV(X,5) = HHV(X,13).
> In HHV(C,5)= HHV(C,13)- does this say the highest closing price
over
> previous 5 periods is = to the highest closing price over previous
13
> periods and therefore closing prices have been rising?
> Any help appreciated.
> PAUL
>
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