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Philippe, all is explained within the indicator's code.
Let's take a look at the indicator's engine, the main oscillator:
{ Countback oscillator }
C1:=Ref(C,-1);
x:=Sum((C>C1)*(C-C1),pds)
/Max(Sum(Abs(C-C1),pds),.000001)*100;
Now, break up the main components and plot them in their own window,
so they can be understood *visually*:
C>Ref(C,-1);
C-Ref(C,-1);
Sum((C>Ref(C,-1))*(C-Ref(C,-1)),21);
[ same as : Sum(If(C>Ref(C,-1),C-Ref(C,-1),0),21); ]
Sum(Abs(C-Ref(C,-1)),21);
And so on...
Explanation in plain English: I'll let you work it out.
Philippe, if you don't make an effort to understand MetaStock code,
you will not learn anything new here. Help yourself, and others will
help.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Philippe Bereau <p_bereau@xxx>
wrote:
>
> Hi José
>
> Could you please describe exactly the rules of your indicator
> "Countback-type oscillator"?
>
> Why posting a code if you don't explain what you're trying to do
with it!
>
> Kind regards
>
> Phil
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