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Moving Avg. with Res. and Support System

System for: TradeStation


 

 

Views:  2632

Added: June 04, 2007
 
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Tags: TradeStation, system
 
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The focus of this month's Traders' Tips is the combination of a simple moving average with support and resistance, as presented by Dennis Tilley in his article "Moving averages with resistance and support." I have integrated this very interesting concept into both an indicator and a system for TradeStation or SuperCharts. Notice that the EasyLanguage codes for the indicator and the system are very similar.
The EasyLanguage for the moving average system is very similar to that for the indicator. The inputs "price," "length," and "F" have the same purpose.

 

 



Code:

Type: System, Name: Mov Avg--Supp/Res
Inputs: Price(Close), Length(10), F(8);
Vars: AvgVal(0), S(0), R(0), SC(0), RC(0);

AvgVal = Average(Price, Length);
RC = RC + 1;
SC = SC + 1;

IF CurrentBar > 1 Then Begin
IF Close Crosses Below AvgVal AND Close > S* (1+(F/100)) AND R <> 0 Then Begin
Sell Next Bar at Market;
S = Low;
SC = 0;
End
Else Begin
IF Close Crosses Below S AND R <> 0 Then Begin
Sell Next Bar at Market;
S = Low;
SC = 0;
End;
End;

IF Close Crosses Above AvgVal AND Close < R / (1+(F/100)) AND S <> 0 Then Begin
Buy Next Bar at Market;
R = High;
RC = 0;
End
Else Begin
IF Close Crosses Above R AND S <> 0 Then Begin
Buy Next Bar at Market;
R = High;
RC = 0;
End;
End;
IF Close > AvgVal Then Begin
IF High >= R Then Begin
R = High;
RC = 0;
End;
End;

IF Close < AvgVal Then Begin
IF Low <= S OR S = -1 Then Begin
S = Low;
SC = 0;
End;
End;
End;


 





Source: http://www.traders.com

 

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