Quote:
|
Originally Posted by igorad
Hi,
I want to represent light version of ASCTrend.
I named it LabTrend.
Igor
|
Hi Igor,
is it me who sees some light differences between (ASCTrend) indicator descriptions in your posted evaluation and the actual implementation of the LabTrendX formulae?
i.e:
in the evaluation about ASCTrend1 Initial Stop you consider the SMA of a 10-period price range (as below)
for long position:
- (Initial)BuyStop1 = Low - 0,5 * SMA(Range, 10)
for short position:
- (Initial)SellStop1 = High + 0,5 * SMA(Range, 10)
while in the actual formula it seems as you've coded it using a ATR(10) ...(actual Mov(ATR(1), 10, S) in MSK lang)
...UpTrendSignal[shift]=
Low[shift]-
0.5*
iATR(
NULL,TimeFrame,
10,shift);
...
moreover... I'm wondering what the term "Point" means in MT4 language exactly?
Checking the LabTrend2 code I read:
double delta=
MathAbs(
Bid-Ask)/
Point;
//double delta=3;
I ask this because I'm trying to code this mammuth in MetaStock language and know not too much about MT4 language...
Thanks and keep up the good work.
Marco
ps: why you haven't considered the W%R variable-period for the ASCTrend 1 paintbar code as mentioned by a poster (MBKennel) on a forum (
http://www.createphpbb.com/phpbb/vie...forum=fxreview)
" ASCtrend also has another feature---it looks back in the period in question.
If there are any of two events: either a gap bigger than twice the average per-bar hi-low range, or a 3-bar trend bigger than 4.6 (again, hardcoded) times the average high-lo range, then the distance back in time that the final signal is evaluated (e.g. WilliamsPower length) is decreased to 3 or 4 bars instead of the usual 9 (hard coded). The idea is that if there is a gap or a sharp trend then you should be ready to turn around more quickly than otherwise. "
ps2: if someone using MetaStock skilled enough to collaborate in coding this system (I'm thinking to make an Expert Advisor and a System Tester later if possible) would like to... can contact me.