Hai Tomasz,
This is simple Jake Bernstein Momentum Formula for chart and scanner.
Please help me give arrow buy and sell. Buy arrow is Green colour and
Sell Arrow is Red Colour.
I really appreciate and thanks for you in advance.
Best Regards,
Anthony Idic
_SECTION_BEGIN(" $ Momentum ");
/* Bernstein Momentum Indicator */
/* Set Scaling to Automatic, Show dates On, Percent On, Middle On */
Title = "Bernstein MOM Close - Ref(Close,-7)";
GraphXSpace = 5;
Graph0 = MA(Close - Ref(Close,-7),1);
Graph0Style = 5;
Graph0Color = 29;
Graph1 = MA(Graph0,5);
Graph1Style = 1;
Graph1Color = 32;
DaysAgo =Optimize("DaysAgo",-28,-40,-16,4);
Fast = Optimize("Fast", 1, 1,5,1);
Slow = Optimize("Slow",28,16,40,4);
/* Note: It is merely a coincidence that DaysAgo and Slow use the
same parameter set. */
Buy = Cross( MA(Close - Ref(Close,DaysAgo),Fast),
MA(Close - Ref(Close,DaysAgo),Slow) );
Sell = Cross( MA(Close - Ref(Close,DaysAgo),Slow),
MA(Close - Ref(Close,DaysAgo),Fast) );
Short = Cross( MA(Close - Ref(Close,DaysAgo),Slow),
MA(Close - Ref(Close,DaysAgo),Fast) );
Cover = Cross( MA(Close - Ref(Close,DaysAgo),Fast),
MA(Close - Ref(Close,DaysAgo),Slow) );
_SECTION_END();
