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My percentage of winners is only about 50/50, because I cut my losers very quickly. The maximum loss I allow is 7 percent, and usually I am out of a losing stock a lot quicker. I make my money on the few stocks a year that double and triple in price.
David Ryan
 
 
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Moving Average Adjuster

Formula for: TradeStation

indicator


 

 

Views:  1422

Added: June 16, 2008
 
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Tags: TradeStation, indicator
 
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Convert Free Indicators & System
. To: omega-list@xxxxxxxxxx
. Subject: Convert Free Indicators & System
. From: Visavis
. Date: Sun, 5 Apr 1998 08:35:16 +0800 (PST)
. Resent-Date: Sat, 4 Apr 1998 16:35:45 -0800
. Resent-From: omega-list@xxxxxxxxxx
. Resent-Message-ID: <"k3QFU3.0.uR6.M7j9r"@mx1>
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Hi!

Can someone convert the following free indicators & systems which I got from Angus Jackson into ELA format?

Thanks in advance.

Free indicators for Tradestation.

 

 



Code:

Type : Indicator, Name : Moving Average Adjuster
INPUT: NUM(10), avglen(5), thold(10);

Value1 = H - lowest ( H , 60 ) ;
Value2 = L - highest ( L , 60 ) ;

Value9 =average( Maxlist(0,value1),avglen);
Value10 =average( Minlist(0,value2),avglen);

Value11 = (value9 + value10) * SquareRoot(num) ;
plot1(value11,"ax");

if value11 < 0 then begin
plot2(-thold,"di-");
If Value11 < average(value11[1],2) then Plot4(0,"TrendStart");
end;

if value11 > 0 then begin
plot3( thold,"di+");
If Value11 > average(value11[1],2) then Plot4(0,"TrendStart") ;
end;


 





Source: http://www.purebytes.com

 

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