| |
 |
Views:
1359 |
| Added: June 16, 2008 |
| |
| |
|
| This formula has not been rated yet |
|
|
| |
 email this link
|
| |
| |
| Tags:
TradeStation, indicator
|
| |
|
The 2/20-day Ema breakout technique is represented below as both an indicator and a system. The indicator will plot the 20-day exponential moving average as well as paint the breakout bar. The system signals entry/exit points based on the ones specified by David Landry.
Please note this indicator requires specific style settings. The Type for Plot1 (EMA) should be "Line." The Type for Plot2 (Alert) should be "BarHigh." The Type for Plot3 (Alert) should be "BarLow." Plot2 and Plot3 will be of the same color.
This code is available at Omega's Web site. The file name is 2_20EMA.ELA.
-- Gaston Sanchez, Omega Research
800 422-8587, 305 270-1095
Internet: http://www/omegaresearch.com
Code:
Type: Indicator, Name: Mov Avg X 2_20
Inputs: Price(Close), AvgLen(20);
Vars: AvgVal(0);
AvgVal = XAverage(Price, AvgLen);
Plot1(AvgVal, "EMA");
{Entry Alert Criteria}
IF (Lowest(Low, 2) > AvgVal AND Low 1 Bar Ago Crosses Above
AvgVal 1 Bar Ago) OR (Highest(High, 2) < AvgVal AND
High 1 Bar Ago Crosses Below AvgVal 1 Bar Ago) Then Begin
IF CheckAlert Then Alert = True;
Plot2(High, "Alert");
Plot3(Low, "Alert");
End;
Code to difficult? Find somebody to help you with coding here.
Author: David Landry
Source: http://www.traders.com
 all formulas for TradeStation
all formulas
|
log in 
sign up for free
