in Search

Need help with Expert Advisor on Metastock 8 Pro

Last post 07-29-2008, 16:10 by Antoniadis.N. 0 replies.
Sort Posts: Previous Next
  •  07-29-2008, 16:10 27645

    Need help with Expert Advisor on Metastock 8 Pro

    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

View as RSS news feed in XML