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Symmetrical Shark Indicator

Formula for: TradeStation

indicator


 

 

Views:  411

Added: August 02, 2008
 
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Tags: TradeStation, indicator
 
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Combining Statistical & Pattern Analysis by Walter T. Downs
(Technical Analysis of Stocks & Commodities 10/98)

 

 



Code:

Type : Function (TrueFalse), Name : sym_shark
input: symmetry(numericsimple);
vars: apex(0),
wb(0);

apex = (high + low) / 2;
wb = high[2] - low[2];

if high < high[1] and low > low[1] and
high[1] < high[2] and low[1] > low[2] and
apex <= high[2] - (wb * symmetry) and
apex >= low[2] + (wb * symmetry) then
sym_shark = true
else sym_shark = false;





Type : Indicator, Name : Symmetrical Shark Indicator
input: symmetry(.28);
vars: apex(0);

apex = (high + low) / 2;
if sym_shark(symmetry) = true then begin
plot1[2](high[2],"high");
plot2[2](low[2],"low");
plot3(apex,"apex");
end;



 






Author: Walter T. Downs
Source: http://www.empire-systems.com

 

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