Alvin,
Wish I could give you some great wisdom on this but I'm afraid I
can't.
The code comes from a 2000 TASC article I believe. Also Dynamic
Trader is a firm started by Robert Miner who is no longer with us.
His ideas are still being used and do have some validity. I'm just
not sure who would be the best resource for this now. Maybe someone
else will know.
Preston
--- In equismetastock@ yahoogroups. com, Alvin Yu <alvinyu2005@ ...>
wrote:
>
> Hi Preston
> I saw some of your post on inside bars etc.. Can u adv the
followings?
>
> 1. How do I use the codebelow in your message ?
>
> 2. Is there some formula already established for the following
strategies ;
>
Reversal Bar
> Signal Day
> Snap-Back Reversal day
> Break of the last minor swing high or low
> My intention is write this to the price chart ie using the
explorer
>
> rgds
>
>
>
>
>
>
> The easiest way to look for three inside days in a row, would be:
> Sum(Inside() ,3)=3
>
> Our code requires that we count rally and reaction days so we
> won't
> be using either inside or outside days. We will also be counting
> rally and reaction days with volume. There is a bit of redundancy
> here but inorder to stay true to the code we will count both.
>
> {Cole Trading System}
> {Coded for Metastock}
> {by
Preston Umrysh at}
> {The EquisMetastock Yahoo Group}
>
> {Cole Trading Definitions}
> RY:=Rally(); {upday}
> RX:=Reaction( );{downday}
> RYVol:=RallyWithVol ();{up vol}
> RXVol:=ReactionWith Vol();{down vol}
>
> {Cole Count Calculations}
> UpDay:=Cum(RY) ;
> DownDay:=Cum( RX);
> UpVol:=Cum(RYVol) ;
> DownVol:=Cum( RXVol);
>
> UpDCnt:=UpDay- ValueWhen( 1,RX,UpDay) ;
> DnDCnt:=DownDay- ValueWhen( 1,RY,DownDay) ;
> UpVCnt:=UpVol- ValueWhen( 1,RXVol,UpVol) ;
> DnVCnt:=DownVol- ValueWhen( 1,RYVol,DownVol) ;
>
> {Cole Signals}
> Buy:=UpDCnt >=3 AND UpVCnt >=3;
> Sell:=DnDCnt >=3 AND DnVCnt >=3;
> Buy; -Sell;
> {end}
>
> Lets first consider the indicator. What is it telling us? It is a
> picture of both price and volume action for a period of time. Our
>
indicator is written to look for 3 days of action. So lets make a
> change to our indicator and see if that makes any difference. Lets
> change the last lines to:
>
> {Cole Signals}
> X:=Input("days to factor",1,14, 3);
> Buy:=UpDCnt >=X AND UpVCnt >=X;
> Sell:=DnDCnt >=X AND DnVCnt >=X;
> Buy; -Sell;
> {end}
>
>
>
>
>
>
> http://finance. groups.yahoo. com/group/ equismetastock/ message/27370
>
>
>
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