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I'm just learning MS's formula language. To
this end I've been working on simple exercises to get my feet wet.
I'm currently attempting to write a bit of code (for a MS
Expert) that as part of the Expert's criteria, requires that the ADX be
rising.
I thought perhaps I could accomplish this by
writing:
(in non-code language, for example's sake)
"want current ADX to be greater than the ADX 5 bars
ago
and
ADX 5 bars ago to be greater than ADX 10 bars ago,
etc."
I suppose I could do this using the
"ref" function,
i.e...
adx(14)>ref (adx(14), -5)
...and just keep stacking the prior periods (-5, -10,
etc).
This would ensure that the ADX is rising, but I'm sure
there is a more elegant way to pull this off, and perhaps with more control over
the slope of the ADX.
Any ideas?
Thx, jade
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