Hi,

I would like to make a formula to use for backtesting that makes this:

1)  Buy when weekly 13 EMA is going up, and daily candle closes above daily 13 EMA;

2) Sell when daily candle closes bellow daily 13 EMA;

3) Sell short when weekly 13 EMA is going down, and daily candle closes bellow daily 13 EMA;

4) Buy to close when daily candle closes above daily 13 EMA;

Can anyone help please?

regards,
BBCTrader

Hi BBCTrader

If you have the "Multi-Frame D EMA" indicator installed and set with the appropriate options (13 weeks etc.) then the following code should provide you with a starting point. Each block of signals is truncated and only the first TRUE is allowed to pass. You can get this indicator at...

http://www.metastocktips.co.nz/multi_frame_d_ema.txt

{Buy}

K:=Fml("Multi-Frame D EMA");

J:=FmlVar("Multi-Frame D EMA","J");

Buy:=K>ValueWhen(2,J,K) AND C>Mov(C,13,E);

Buy AND Alert(Buy=0,2);

 {Sell}

Sell:=C<Mov(C,13,E);

Sell AND Alert(Sell=0,2);

 {Sell Short}

K:=Fml("Multi-Frame D EMA");

J:=FmlVar("Multi-Frame D EMA","J");

Short:=K<ValueWhen(2,J,K) AND C<Mov(C,13,E);

Short AND Alert(Short=0,2);

 {Buy to Cover}

Cover:=C>Mov(C,13,E);

Cover AND Alert(Cover=0,2);

Regards, Roy