Need help with Expert Advisor on Metastock 8 Pro

Antoniadis.N — Tue, 29 Jul 2008 22:10:32 GMT

Description of the Expert advisor which I want to create.

First Part

Firstly I want to create 2 fractal points. A high fractal point and a low fractal point.

By high fractal point we mean a 5 bars formation where there is a central bar and 2 bars on the left with lower highs and 2 bars on the right with lower highs

By low fractal point we mean a 5 bars formation where there is a central bar and 2 bars on the left with higher lows and 2 bars on the right with higher lows

I know how to create this part:

High fractal

H>Ref(H,-1) AND H>Ref(H,-2) AND H>Ref(H,+1) AND H>Ref(H,+2)

Low fractal

L<Ref(L,-1) AND L<Ref(L,-2) AND L<Ref(L,+1) AND L<Ref(L,+2)

Second Part

After we created the high and low fractals now we must Defined the trend

Bullish trend: we have when we have upwards breakout by one tick comparing the previous 2 high fractals in a row

Example: we have one high fractal at 11500 on 30/6/08 and a second high fractal at 11400 on 5/7/08.Now if we have a break by one tick higher from the 11500 we have bullish trend the opposite for Bearish trend

Bearish trend: we have ,when we have downwards breakout by one tick comparing the previous 2 low fractals in a row

Third part

After we defined the bullish and bearish trend from the second part now I want:

For the bullish trend

Every time we have bullish trend I want you to colored with green color every bar has lower low from the 2 previous bars on the left.

For the bearish trend

Every time we have bearish trend I want you to colored with red color every bar has higher high from the 2 previous bars on the left

Formula Assistance

Need help with Expert Advisor on Metastock 8 Pro