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RE: showing buy and sell signals (2)


  • To: omega-list@xxxxxxxxxx
  • Subject: RE: showing buy and sell signals (2)
  • From: Mark Baze <mark_baze@xxxxxxxxx>
  • Date: Sun, 1 Jul 2001 00:37:16 -0700
  • In-reply-to: <200106302349.QAA04022@xxxxxxxxxxxxxx>

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Sorry, a few too many mistakes even for rough code in
my previous post.  Here it is again slightly more
cleaned up:

Vars:  SellDay(0),HighToday(0),Upside(0),
       SellSetupType2(0),SellPoint1(0),SellPoint2(0);
If MarketPosition = -1 Then Begin
  SellDay = 0;
  SellSetupType2 = 0;
End;
If Time Data2 = Sess1EndTime and Date <> Date[1]
  Then Begin
    SellDay = SellDay[1];
    If XXXX {whatever your daily bar reqt's are to 
      establish a sell day} Then
      SellDay = 1;
End;
If Time Data2 = 8:35 {start time for 5 min bars}
  Then Begin
    HighToday = 0;
    If SellDay = 1 Then Begin
      SellPoint1 = Open Data2 - XXXX {your measure of 
        desired downside distance below the open for 
        your first type of intraday sell reqt., which
        could be based on either data1 or data2 as you
        wish};
      SellPoint2 = Open Data2 - {2 ticks, e.g.};
    End;
End;
Upside = {whatever your reqt. is for how high 
  price must go to constitute an upside failure for
  your second type of intraday sell reqt., again based
  on either data1 or data2};
If High Data2 > HighToday Then Begin
  HighToday = High Data2;
  If HighToday > Upside Then
    SellSetupType2 = 1;
End;
If Time Data2 >= 835 and Time Data2 <= XXXX {your time
  limit for what you want to have occur occur}
  Then Begin
    Sell at SellPoint1 Stop;
    If SellSetupType2 = 1 Then
      Sell at SellPoint2 Stop;
End;