Alvin,
Thought I answered this earlier but it hasn't shown up yet so this might be a second post.
Here's how I would approach the problem.
Range is the distance traveled from the low to the high of the day. To find the day range we subtract the low from the high.
To find the lower 1/3 we can we can multiply the day range by .33 . To see if we opened in the lower third we would look for an open that is equal to or greater than the low and less than or equal to the low plus one third of the dayrange.
To find out if we closed in the top third of the day range we look for a close that is greater than or equal to 2/3 or .66 of the dayrange plus the low.
We also want to look for the day to have a new high.
Our indicator thus becomes:
Newhi:= HIGH > Ref(HIGH,-1) ;
Dayrange:=H- L;
Cond1:= Open >= Low and Open <=(Low+(.33 *Dayrange));
Cond2:= Close >= (Low + (.66 *
Dayrange));
Newhi and Cond1 and Cond2;
hope this helps,
Preston
--- In equismetastock@ yahoogroups. com, Alvin Yu <alvinyu2005@ ...> wrote:
>
> Hi --can someone advise if this is correct for the following statement ? I am confused on this :
>
> 1) The stock makes new High, open bottom 1/3 of the bar (ie within the Low and 1/3 of the day range ) ,closes top 1/3 of the bar :
>
> HIGH > Ref(HIGH,-1) and
> OPEN > Div((HIGH + LOW),3) and
> CLOSE < Div((HIGH + LOW),3)
>
> rgds
>
>
>
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