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If Close < average(C[1],13) then exitlong at Low stop;
The above is one way to do it in TS4. C[1] is a displacement of one bar, C[5]
would be 5, etc. Obviously you could change it to whatever exit signal you
like.
Just flip it over to "exitshort."
What OM says is so, but this gets the basic idea done.
Bill Wynne
SmartTrades.com
In a message dated 10/8/99 7:20:34 AM Pacific Daylight Time,
Joe.Anshien@xxxxxxxxx writes:
Please tell me how to create an exit signal when a close below a displaced
> > moving average.
> >
> > Thank You
> > Joe.anshien@xxxxxxxxx
Omega Man wrote:
> In fact,
> you'll find many references to "extending lines by
> eye" or "using a pencil to extend the line..." (No
> kidding... the methods are totally subjective and
> impossible to objectively backtest.)
>
> What you'll find, I think, is that, almost regardless
> of the mathematical complexity of the method you
> might choose to extend a displaced MA forward to the
> present, the extension will be wrong when the price
> turns. And, the "bigger" the turn, the more wrong the
> forecast will be. (This holds true for even a variety
> of non-linear forecasting methods.)
>
>
> ---- you wrote:
> >
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