Goodmorning,
may someone translate this tradestation's code in metastock language?
Is a code for renko chart with adaptive atr by konkop:
{Renko-Adaptive indicator (based on ATR)
Written by konkop 07.03.2002.
*********************
Attention: set MaxBarsBack (f.e. =30) in this study according with
MaxBarsBack value in the Renko_Adaptive strategy
for correct step-by-step calculations of the buy/sell levels
*********************}
Inputs: K(1),
Smooth(10);
vars:Brick(0) ,DN(0), UP(0), BricksUp(0), BricksDn(0);
Value1 = AvgTrueRange(Smooth);
If BarNumber = 1 Then Begin
Up = H;
Dn = L;
Brick = K*(H - L);
End;
If BarNumber > 1 then begin
If C > UP + Brick Then begin
BricksUp = IFF(Brick = 0, 0, Floor((C - Up)/Brick)*Brick);
UP = Up + BricksUp;
Brick = K*Value1;
DN = Up - Brick;
BricksDn = 0;
End;
If C < Dn - Brick Then begin
BricksDn = IFF(Brick = 0, 0, Floor((Dn - C)/Brick)*Brick);
Dn = Dn - BricksDn;
Brick = K*Value1;
Up = Dn + Brick;
BricksUp = 0;
End;
End;
Plot1(UP, "Up");
Plot2(DN, "Dn");
{***************end of code****************}
thanks.
gigi