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Andrew,
An interesting bit of work...nice job! I have several trader friends
who are big fans of 3 MA's. I'm sure they'll find this useful.
A condition that I noticed while playing with this (using the
defaults)on a QQQ chart was a bit of whipsaw. I especially noticed it
on the downside when a close has exceeded all 3 MA's but the MA's
have not realigned. The earliest that I saw this was 4-22-04.
Something to consider is that if a close exceeds all 3 MA's would it
really matter if they were aligned.
Just a thought,
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
<andrew_tomlinson@xxxx> wrote:
> This is a simple trend indicator I put together based on a 3 MA
crossover
> system, using some of Roy and Joses's technology. It uses the
ability of 3
> MAs to show neutral as well as up/down zones. To use it as is,
paste into a
> new indicator and set your style to histogram (the output is
binary). You
> can adapt this to an Exploration - just set the MAs to your desired
lengths.
>
>
> Andrew
>
>
> --------------------------------------------------------------------
-
> {3 MA Trend Indicator. Andrew Tomlinson 2004}
>
>
> B1:= Input("Enter bars for MA1",1,300,4);
> B2:= Input("Enter bars for MA2",1,300,9);
> B3:= Input("Enter bars for MA3",1,300,18);
>
> MA1:= Mov(C,B1,S);
> MA2:= Mov(C,B2,S);
> MA3:= Mov(C,B3,S);
>
> EL:=MA1>MA2 AND MA2>MA3;
> CL:=MA1<=MA2 OR MA2<=MA3 OR MA1<=MA3 ;
> ES:=MA1<MA2 AND MA2<MA3 ;
> CS:=MA1>=MA2 OR MA2>=MA3 OR MA1>=MA3;
>
> I:= Cum(EL+CL+ES+CS>-1)=1;
> Long:= BarsSince(EL+I) < BarsSince(CL+I);
> Short:= BarsSince(ES+I) < BarsSince(CS+I);
> Long;
> -Short;
>
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