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[EquisMetaStock Group] Re: Hello Everyone - system tester - trendline question



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thanks everyone for the valuable help and apologies for taking so 
long to come back to you. will hopefully post coded solution soon.




--- In equismetastock@xxxxxxxxxxxxxxx, "rsb_44" <rsb_44@xxx> wrote:
>
> You can create a (trend)line between two known points - they have 
to 
> be on the chart. Future values on the line can be determined by the 
> slope of the line.
> 
> You will have to solve the problem of a line which is itself not 
> anchored, if it is event driven as you suggest. If you can work out 
a 
> way to have the end points fixed to a specific date, and not an 
> event, you should be able to do what you want.
> 
> MSTT has had a few articles on drawing lines which may be helpful.
> 
> Still the problem will be creating a line which isn't dynamic..
> 
> Regards,
> Ron
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "netguru100" <netguru100@> 
> wrote:
> >
> > I am a new member here. I wonder if anyone could help. I have 
some 
> > programming experience but I am trying to just get a simple 2 
> condition 
> > system going identifying entry on macd crossover (simple enough) -
 
> > however - I also want to draw a trendline from (L)ow (period t) 
to 
> (L)
> > ow (period t+1 - btw i know i wont have t+1 data at t) and for 
the 
> > system to stay in the trade as long as that line is not violated 
on 
> a 
> > closing basis.
> > 
> > Does one have to 'create' the new data series (or array) that 
> reflects 
> > the trendline and extrapolate that out until the end of the 
series -
>  so 
> > that we have a daily point to check against the close. (and 
indeed 
> do a 
> > different series/array for each time we trade)?
> > eg:
> > 
> > VarTRENDLINEDAILYPOINTINCREMENT = (ref(L,+1) - L)
> > 
> > VarTENDLINEDAILYVALUE = (number of days from t *   
> >                         varTRENDLINEDAILYPOINTINCREMENT)+ L   
> > 
> > Is there a more direct (automated) way of saying this in the 
> metastock 
> > formula language. I looked at some of the trough() based 
trendline 
> > formulas...but how do we specify a new trendline for each trade 
we 
> > enter...presumably some kind of loop of the form for each trading 
> > position opened, do CREATETRENDLINE() and do STAYINPOSITON()-
while 
> > c>=varTRENDLINEDAILYVALUE...and similarly do EXITPOSITON() for 
> > c<varTRENDLINEDAILYVALUE 
> > 
> > My understanding is that we do the logic in the system builder 
and 
> > build all the value series we need ourselves. Can we do this 
> > automatically within the system builder or is this not something 
it 
> was 
> > designed to do. ie logically for each trade entered follow it as 
> long 
> > as above varDAILYTRENDLINEVALUE. 
> > 
> > Apologies in advance if its a bit of an odd question - i am just 
> trying 
> > to get my head around the structure and where we should put 
things 
> and 
> > operate on them. I've got the formula primer but its not that 
clear.
> > 
> > Thanks very much in advance for any pointers.
> > 
> > Cheers,
> > 
> > Socrato
> >
>



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