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People avoid looking for good exits because exits do not give them control over the market. However, exits do control something. They control whether you make a profit or a loss, and they control just how big that profit or loss will be. Since they do so much, perhaps they are worthy of a lot more study on the part of most people.
Van K. Tharp
 
 
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Double Smoothed Exponential Moving Average

Formula for: TradeStation

indicator


 

 

Views:  2260

Added: February 01, 2007
 
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Tags: TradeStation, indicator
 
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Convert Free Indicators & System
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. Subject: Convert Free Indicators & System
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. Date: Sun, 5 Apr 1998 08:35:16 +0800 (PST)
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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 : Double Smoothed Exponential Moving Average

Inputs:
Price(Close),
Length(30);

Vars:
X1(0),
X2(0),
Dema1(0);

X1= XAverage(Price,Length);
X2= XAverage(XAverage(Price,Length),Length);

DEMA1 = X1 * 2 - X2;

Plot1(Dema1, "DEMA1");


 





Source: http://www.purebytes.com

 

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