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In addition, you should also have some idea about how you plan to take profits and a strategy for letting your profits run.
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%Bands II

Formula for: MetaStock

expert advisor

 

 

Views:  1775

Added: May 29, 2008
 
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Tags: MetaStock, expert advisor
 


Mark Brown Band 2 Study

 

 



Code:

%Bands II
Pds:= Input("EMA Periods?",1,1000,21);
Pct:= Input("Percentage Bands?",0.1,10,5);
MA:= Mov(C,Pds,E);
TBnd:= MA*(1+Pct/100);
LBnd:= MA*(1-Pct/100);
MA;
TBnd;
LBnd;





%BandsCount II
Pds:= Input("EMA Periods?",1,1000,21);
Pct:= Input("Percentage Bands?",0.1,10,5);
MA:= Mov(C,Pds,E);
TBnd:= MA*(1+Pct/100);
LBnd:= MA*(1-Pct/100);
IUp:= (H > TBnd) * Ref((H <= TBnd),-1);
CntUp:= IUp + BarsSince(IUp=1) * (H > TBnd);
IDn:= (L < LBnd) * Ref((L >= LBnd),-1);
CntDn:= IDn + BarsSince(IDn=1) * (L < LBnd);
CntUp;
-CntDn;





%Bands II Expert

Symbols tab.

Name: %BandUp

FmlVar("%BandsCount II","CNTUP") >= 1

Graphic: Dot, Small, Green, Above price plot

Symbols tab.
Name: %BandDn

FmlVar("%BandsCount II","CNTDN") >= 1

Graphic: Dot, Small, Magenta, Below price plot



 





Code to difficult? Find somebody to help you with coding here.

 


Source: http://www.guppytraders.com

 

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