Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.
Ed Seykota

software zone

indicators, oscillators, formulas (1275)

systems (284)

Special offer: buy MetaStock (try for free) | Reuters QuoteCenter Real-Time Data (get a free month) | EOD Data

Buy

MetaStock

(special offer)

Buy

EOD data for MetaStock

(special offer)

Buy

Realtime data for MetaStock

(special offer)

Formula Library

	AmiBroker
	MetaTrader
	MetaStock
	TradeStation
	Wealth-Lab
	NinjaTrader

add your formula

System Library

	AmiBroker
	MetaStock
	MetaTrader
	TradeStation
	Wealth-Lab
	NinjaTrader

add your system

Account login

New to s4t? Sign up.
If you forgot your password click here.

Search the Web

Custom Search

Signal/Value Accumulator

Formula for: MetaStock

indicator

Views: 1191

Added: December 29, 2007

Rate this code:

This formula has not been rated yet

email this link

Tags: MetaStock, indicator

Your Ad Here

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
From: wwflhp
To: equismetastock[at]yahoogroups.com
Date: Thursday, December 14, 2006, 8:48:46 PM
Subject: [EquisMetaStock Group] How do I generate a conditional clear signal for an average price?

Version Used 9.0 Date: 12-9-06

Subject: How do I generate a conditional clear signal for an average price?

I want to have a sell signal that is conditional on the average price of pyramided buys. That is, the sell signal is only generated if the current closing price of a stock exceeds the average purchase price after several pyramided fixed $ amount buy signals. The problem is, how do I clear the total invested and total shares owned sum variables to zero only after the conditional sell signal is generated?
Specifically;

PurchaseAmount:=5000;
BuySignal:= Cross(C,Mov(C,20,E));
TotalInvested:= If(BuySignal,PREV+PurchaseAmount,PREV);
TotalShares:= If(BuySignal,PREV+(PurchaseAmount/C),PREV);
AvePrice:=TotalInvested/TotalShares;
SellCondition:=Cross(Mov(C,20,E),C);
SellSignal:=SellCondition AND (C>(AvePrice));

How do I clear TotalInvested and TotalShares, to 0 only if sell signal is true?
I tried many variations following the SellSignal including;

If(SellSignal,TotalInvested=0,Ref(TotalInvested,-1));
If(SellSignal,TotalShares=0,Ref(TotalShares,-1));

I've also tried

If(Ref(SellSignal,-1),TotalInvested=0,Ref(TotalInvested,-1));
If(Ref(SellSignal,-1),TotalShares=0,Ref(TotalShares,-1));

And I've tried

If(Ref(SellSignal,-1),TotalInvested=0,
TotalInvested=Ref(TotalInvested,-1));
If(Ref(SellSignal,-1),TotalShares=0, TotalShares=Ref(TotalShares,-1));

But I get strange results. I can't get TotalInvested and TotalShares to go to 0 after the SellSignal and to stay 0 until the next BuySignal. Thanks and Happy Holidays, Bill

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
From: Jose Silva
To: equismetastock[at]yahoogroups.com
Date: Thursday, December 14, 2006, 10:26:49 PM
Subject: [EquisMetaStock Group] Re: How do I generate a conditional clear signal for an average price?

Bill, maybe this indicator code can be of help:

Code:

Signal/Value Accumulator

{ Signal/Value accumulator v1.0
Accumulates & resets value count.
http://www.metastocktools.com }

{ Indicator output choice }
plot:=Input("plot: [1]Accumulation, [2]Signals",1,2,1);

{ Start count signal }
start:=TroughBars(1,C,5)=0;

{ End count signal }
end:=PeakBars(1,C,5)=0;

{ Start to End flag, clean signals }
init:=Cum(IsDefined(start+end))=1;
flag:=ValueWhen(1,start-end<>0 OR init,start);
start:=flag*(Alert(flag=0,2)
OR start*Cum(start)=1);
end:=(flag=0)*(Alert(flag,2)
OR end*Cum(end)=1);

{ Value to accumulate - Bars }
value:=1;

{ Accumulate values }
acc:=Cum(flag*value);
accVal:=acc-ValueWhen(1,end,acc);

{ Plot in own window }
If(plot=1,accVal,start-end)

Author: Jose Silva
Source: http://www.metastocktools.com

View similar (indicator for MetaStock):

Fisher Transform

Merrill's Volatility

Exponential Moving Average - Oscillator, Sine-weighted

Hilbert Squelch Threshold Expert

Pivot Points

MACD w / SAR

Guppy MMA Oscillator

OVR (Open Interest reqd)

Relative Momentum Index (RMI)

Lone Ranger
...

all formulas for MetaStock

all formulas

Email to friend

Top

However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators
and systems are submitted by anonymous users.
Therefore S4T™ does not take any responsibility for it's quality.
If you use any of this information, use it at your own risk. You are responsible for your own trading decisions.
Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade.
In no case will S4T™ be responsible for your trading gains or losses.