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If you really think the stock is going to make a big move - and that should be the only reason you are buying the stock to begin with - then there is no reason to haggle over an eighth of a point. Just buy the stock.
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Trades After the Fact

Formula for: TradeStation

indicator

 

 

Views:  1269

Added: August 13, 2008
 
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Tags: TradeStation, indicator
 


. To: Omega-list@xxxxxxxxxx
. Subject: Trades after the fact
. From: Robert W Cummings
. Date: Sun, 30 Aug 1998 14:43:59 -0500
. Resent-Date: Sun, 30 Aug 1998 12:42:50 -0700
. Resent-From: omega-list@xxxxxxxxxx
. Resent-Message-ID: <"VZCxA3.0.NI2.wiQwr"@mx1>
. Resent-Sender: omega-list-request@xxxxxxxxxx
If you put this indicator on the S&P using points set scaled to price it works like a swing only just one bar behind. I tried to use time set one on a four minute chart and trade on a five minute. Use some filters but gave it up. Its original writer call it something different strainer I think can't remember. But the higher the setting and time make it look like you could use it to trade. Let the ones who know decide if it has any value used like this. An idea of finding a leading indicator using time.

 

 



Code:

Type : Indicator, Name : Trades After the Fact

INPUT:
BQUALIFY(2),
PQUALIFY(2);

IF H >= H[1] AND L >= L[1] THEN BEGIN
IF VALUE2 >= BQUALIFY THEN BEGIN

PLOT3(L[1],"MAJLOW");

IF CHECKALERT THEN ALERT = TRUE;
END;
IF VALUE2 > 0 THEN
Value5=L[1];
VALUE1 = VALUE1+1;
VALUE3 = VALUE1;
VALUE2 = 0;
END;

IF L <= L[1] AND H <= H[1] THEN BEGIN
IF VALUE1 >= BQUALIFY THEN BEGIN

PLOT4(H[1],"MAJHIGH");

IF CHECKALERT THEN ALERT = TRUE;
END;
IF VALUE1 > 0 THEN
VALUE6 = H[1];
VALUE2 = VALUE2 +1;
VALUE4 = VALUE2;
VALUE1 = 0;
END;

 





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Source: http://www.purebytes.com

 

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