The MedianPrice constants give the value of the last average of the high and the low.
Syntax:
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1 |
MedianPrice |
Example:
Smoothing the price information with less noises with the MedianPrice value :
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i1 = MedianPrice i2 = MedianPrice[1] if(i1>i2) THEN result = i1 ENDIF RETURN result |
Mathematical function “Minimum”. Return the minimal value between two variables a and b.
Syntax:
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1 |
MIN(a,b) |
Example:
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mmA = average[20](low) mmB = average[50](low) result = MIN(mmA,mmB) RETURN result |
Represents the minute of each bar loaded in the chart.
Syntax:
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1 |
Minute |
Example:
Retrieve the timeframe of the current chart
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tf = (minute-minute[1]) if tf<0 then tf=60-abs(tf) endif return tf |
Are we on last half-hour?
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if(Minute>30) THEN HalfHour = 1 ELSE HalfHour = 0 ENDIF RETURN HalfHour |
Mathematical function “remainder of the division” of A divided by B
Syntax:
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1 |
a MOD b |
Return value of the Momentum technical indicator of the Nth bar : (close – close of the N-th last bar).
Syntax:
|
1 |
Momentum[N] |
Calculation:
It is obtained by substracting the x days before Close from today’s Close. X is the parameter associated with Momentum. (more…)
Return value of the Money Flow indicator, over the last N periods for selected price. Values are bounded between -1 and 1.
Syntax:
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1 |
MoneyFlow[N](price) |
Example:
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mf = MoneyFlow[100](close) LRmf = linearregression[20](mf) if(LRmf>0) THEN bullishmarket = 1 ELSE bullishmarket =0 ENDIF RETURN bullishmarket |
Return value of the Money Flow Index indicator, over the last N periods.
Syntax:
|
1 |
MoneyFlowIndex[N] |
Calculation :
Money Flow = [typical price * volume] = [(H+L+C)/3 * volume]
If the median price > yesterday’s median price then Money Flow is a positive flow.
If the median price < yesterday’s median price then Money Flow is a negative flow.
Then calculate the money ratio :
MR = (MF+ / MF-)
MFI = 100 – [100 / (1+ MR)]
Represents the month of each bar loaded in the chart.
Syntax:
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1 |
Month[N] |
Example:
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lastmonth = Month[1] if(lastmonth = 12) THEN itwerechristmasmonth = 1 ELSE itwerechristmasmonth = 0 ENDIF RETURN itwerechristmasmonth |
Ending instruction of FOR loop.
Syntax:
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1 |
NEXT |
Example:
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a = 0 FOR i = 10 TO 20 DO a = average[i](open) + a NEXT RETURN a AS "compoumd averages direction" |
Designates an order to be executed on the open of the next bar.
Syntax:
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1 |
AT MARKET NextBarOpen |
Example :
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IF NOT ONMARKET THEN BUY 2 CONTRACTS AT MARKET NextBarOpen ENDIF |
MedianPrice
MIN
Minute
Momentum
NEXT
NextBarOpen
