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Double Key

Formula for: MetaStock

Views: 1233

Added: June 20, 2007

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To: A METASTOCK GROUP <metastock@xxxxxxxxxxxxx>
. Subject: DUBLE KEY indicator
. From: michael arnoldi <marnoldi@xxxxxxxxxxxxx>
. Date: Sun, 28 Feb 1999 07:38:24 -0500
. Reply-To: metastock@xxxxxxxxxxxxx
. Sender: owner-metastock@xxxxxxxxxxxxx

last year an article in futures magazine came out with a formula they called "doublekey" based on daily price movements. equis helped in trasposing it to a metastock formula, but i can't remember if it generated buy or sell signals, and it gave only a few signals in a year- i use it to alert me to stocks that generated this signal and further analysis (any advice is welcome)

Code:

Double Key
(Ref(H,-1)>Ref(H,-2) AND Ref(C,-1)<Ref(C,-2) AND C<Ref(C,-1) AND
H>Ref(H,-1) AND L<Ref(L,-1) AND Ref(C>((H-L)*.75)+L,-2))
OR
(Ref(L,-1)<Ref(L,-2) AND Ref(C,-1)>Ref(C,-2) AND C>Ref(C,-1) AND
H>Ref(H,-1) AND L<Ref(L,-1) AND Ref(C<((H-L)*.25)+L,-2))

Author: Mike Arnoldi
Source: http://purebytes.com/archives/metastock/

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