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Harvey,
The following 'if' statement will never be true. You need to use two
different variables for the High.
Here you are comparing H to H because you have previously set (TdH equal to
H).
David Radtke
Bars:=Input("Lookback Bars =",1,500,200);
>>>TdH:=H;<<<
v v
HiCnt:=Sum(If(H>TdH,1,0),Bars);
(HiCnt/Bars)*100
(Embedded
image moved metastock-list @ metastock.com
to file: 11/22/97 03:23 PM
PIC09597.PCX)
To: metastock-list @ metastock.com
cc: (bcc: David Radtke)
Subject: Formula Problem
In an attempt to distinguish trends from trading-ranges I am trying to
build a formula to show what percentage of a lookback period has had
bars with highs greater than the current high.
The idea is to hold the current high (TdH) as a fixed value, and compare
each high in the lookback period against it, incrementing a counter
(HiCnt) for every higher high. The following DOES NOT WORK since the
TdH reverts to the high of the lookback bar examined. Will appreciate
any suggestions. Thanks.
Bars:=Input("Lookback Bars =",1,500,200);
TdH:=H;
HiCnt:=Sum(If(H>TdH,1,0),Bars);
(HiCnt/Bars)*100
Harvey Pearce, Victoria, B.C. Canada
Attachment Converted: "c:\eudora\attach\PIC09597.PCX"
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