Return the value of “Chande Momentum Oscillator” technical indicator.
Syntax:
|
1 |
Chandle[N](price) |
Calculation :
pos positive variation, pos = 0 if variation is negative
neg negative variation, pos = 0 if variation is positive
variation = pos – neg
We calculate Mpos and Mneg the moving average with p days of pos and neg.
Chande momentum oscillator = (Mpos – Mneg) / (Mpos + Mneg) * 100
Closing price constant of the current bar or of the Nth last bar.
Syntax:
|
1 |
Close[N] |
Example:
|
1 2 3 4 5 |
//Close of the current bar Close[0] or Close //Close of the 20th previous bar from current close Close[20] |
Create a background color only between two values. (more…)
Designates the number of contracts to buy. Equivalent to ‘SHARES’.
Syntax:
|
1 |
CONTRACT |
Mathemical Cosine Function.
Syntax:
|
1 |
COS(a) |
Counts the number of open long shares or lots.
Syntax:
|
1 |
COUNTOFLONGSHARES |
Example :
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 |
myMACD = MACD[12,26,9](close) long = myMACD crosses over 0 //first order IF NOT LongOnMarket AND long THEN BUY 1 CONTRACTS AT MARKET ENDIF MAXSHARES = COUNTOFLONGSHARES <= 3 //let's add another order while price continue to get higher (more than 10 points) than the last order taken with a condition of 5 bars elapsed since then IF TRADEINDEX(1)>5 AND Close-TRADEPRICE(1)>10 AND LongOnMarket AND MAXSHARES THEN BUY 1 CONTRACTS AT MARKET ENDIF SET STOP TRAILING 50 |
Counts the number of open shares or lots.
COUNTOFPOSITION returns negative value for short orders.
Syntax:
|
1 |
COUNTOFPOSITION |
Example :
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 |
myMACD = MACD[12,26,9](close) short = myMACD crosses under 0 //first order IF NOT ShortOnMarket AND short THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF MAXSHARES = abs(COUNTOFPOSITION) <= 10 //let's add another order while price continue to get lower (more than 10 points) than the last order taken with a condition of 5 bars elapsed since then IF TRADEINDEX(1)>5 AND TRADEPRICE(1)-Close>10*pointsize AND ShortOnMarket AND MAXSHARES THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF SET STOP TRAILING 50 |
Counts the number of open short shares or lots.
Syntax:
|
1 |
COUNTOFSHORTSHARES |
Example :
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 |
myMACD = MACD[12,26,9](close) short = myMACD crosses under 0 //first order IF NOT ShortOnMarket AND short THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF MAXSHARES = COUNTOFSHORTSHARES < 5 //let's add another order while price continue to get higher (more than 10 points) than the last order taken with a condition of 5 bars elapsed since then IF TRADEINDEX(1)>5 AND TRADEPRICE(1)-Close>10 AND ShortOnMarket AND MAXSHARES THEN SELLSHORT 1 CONTRACTS AT MARKET ENDIF SET STOP TRAILING 50 |
Boolean Operator checking whether a curve has crossed over another one.
Syntax:
|
1 |
a CROSSES OVER b |
Example:
|
1 2 3 4 5 6 7 8 9 10 11 12 |
a = ExponentialAverage[20](close) b = ExponentialAverage[50](close) signal = 0 if(a[1] CROSSES OVER b[1]) THEN signal = 1 ELSE signal = 0 ENDIF RETURN signal AS "Bullish Signal" |
Chandle
Close
ColorBetween
CONTRACT
COS
