[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Condition Indicator



PureBytes Links

Trading Reference Links

I am realizing now what is missing. I guess that's what System Engineering
is all about. I want to place text on the chart as an indicator giving the
status of the many Conditions that I use. From what I have seen with these
indicators that have been sent is that is not the case. The only instance
where text is printed on the chart is when a strategy order has a label. Now
that I have done a little research I find that there is a function called
TrueFalseSeries that may best work to do what I want. I wish to create a
word of T's and F's that reflect the current status of the Conditions of my
system. so the word might look like TTTFTTFTTF, for example. This I could
then post at the LastBarOnChart. Each condition would be appended
separately. Anyone have any experience with this kind of text work?

Jim

----- Original Message ----- 
From: "Bob Fulks" <bfulks@xxxxxxxxxxxx>
To: "Jim Bronke" <jvbronke@xxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Wednesday, December 29, 2004 1:12 PM
Subject: Re: Condition Indicator


> At 11:53 AM 12/29/2004, Jim Bronke wrote:
>
> >A few years ago I read of a Condition indicator that I think either Bob
> >Fulks or Mark  Brown had developed. It is not complicated but involves
using
> >features that I don't normally use. It displays the status of Conditions
on
> >the data1 chart. It answers the question as to which condition is not met
> >and eliminates the need to run a separate calculation of them. Anyone
know
> >of this?
>
> This doesn't tell me enough to know what you are looking for but you might
> find the following useful.
>
>    Input: Condition(Close > Close[1]), Price(High);
>
>    if Condition then Plot1(Price, "1");
>
> Compile this code as a ShowMe and apply it to a chart. Change the
> "Condition" input to be the condition you are looking for (instead of the
> default "Close > Close[1]") and put in the price where you want the ShowMe
> point plotted (such as High, Low, or Close).
>
> The indicator will be plotted on all bars where the condition is true.
>
> Bob Fulks
>
>
>