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This should take care of 10 day Exponential Average of the 3 day ATR.
First create the XAverageV function from Bob Fulks without it you can't use
anything other than price in an XAverage function. Then create the indicator
XAverageTrueRange. Code Below.
{ *******************************************************************
Study : XAverage.V
Last Edit : 11/2/96
Provided By : Bob Fulks
Description : This is a recoding of the XAverage function as a
"simple function" rather than as a "series function". For
correct results it must be evaluated on every bar, as is
normal for Omega simple functions.
********************************************************************}
inputs : Price(NumericSeries), Length(NumericSimple);
vars : Factor(0), XLast(0);
if Length + 1 <> 0
then begin
if CurrentBar <= 1
then begin
Factor = 2 / (Length + 1);
XAverage.V = Price;
XLast = Price;
end
else begin
Value1 = Factor * Price + (1 - Factor) * XLast;
XAverage.V = Value1;
XLast = Value1;
end;
end;
{******************************************************************}
{XAvgTrueRange}
Inputs:XAvgLen(10), ATRLen(3);
Plot1(XAverage.V(AvgTrueRange(XAvgLen),ATRLen),"XAvgTR");
"The darkest hour in any man's life is when he sits down to plan
how to get money without earning it"
Sentinel Trading
rjbiii@xxxxxxxxx
____________________Reply Separator____________________
Subject: Van Tharp and system developements
Author: angus@xxxxxxxxxxxx
Date: 12/10/98 2:30 PM
I just finished reading Van Tharps new book .Trading into financial
freedom.. I recommend it to all.. it is a classic. [ I have no affilation
with him] He had 2 concepts that I was hoping someone could code..
Profit stops & protective stops
10 day exponential of the 3 day average true range [ if someone can make
it an indicator]
and a stop
if you get twice the daily volatilility from yesterdays close exit [if
someone can make it a show me or indicator]
thansk
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