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C>=LLV(H,14)+(ATR(14))
This would give you the result of a close being >= the lowest low value of
the High for the past 14 days plus one average true range value for the 14
day period.
Al Taglavore
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> From: stephen bell <sbell@xxxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxxxxxxx
> Subject: How to formulate downslide?
> Date: Tuesday, November 06, 2001 10:18 AM
>
> I am looking for a simple formula to indicate when a closing price has
> been on a bearinsh "downslide" for, say 14 bars. It would also need to
> accomodate one or two bullish bars (showing some small bullish rallies)
> during the general downtrend. This formula could then be used as part
> of an exploration to "bottom fish", after the close fianlly breaks out
> of the down trend.
>
> Certainly, we could write a 14-part brute force formula for each of the
> 14 previous bars that would test for the close below a (falling) moving
> average. Maybe there is a better way?
>
> Thanks,
> Steve Bell, Tucson Arizona USA
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