You need to consider that this is a long only type system. IMHO you can't assume that the same formula that has only long signals is also appropriate for shorts.
However, you can do as you suggest - assume the sell is a short and the buy is a cover and see how that "looks". d On Fri, Dec 12, 2008 at 3:56 AM, techie11111 <[email protected]> wrote: > > I have found the Following Article By Tomasz Janeczko on the Web > > Here only Entry & Exit Signal are there. > > Can Anybody help me code the short signal& exit & if the Short signal > is added,The correct coding of the Ribbon > > Do I construe the Exit signal itself as short signal ? > > Regards > > Amikid > > Article formula follows > > > LISTING 1 > EntrySignal = C > ( LLV( L, 20 ) + 2 * ATR( 10 ) ); > ExitSignal = C < ( HHV( H, 20 ) - 2 * ATR( 10 ) ); > Color = IIf( EntrySignal, colorBlue, IIf( ExitSignal, colorOrange, > colorGrey50 )); > TrailStop = HHV( C - 2 * ATR(10), 15 ); > ProfitTaker = EMA( H, 13 ) + 2 * ATR(10); > /* plot price chart and stops */ > Plot( TrailStop, "Trailing stop", colorBrown, styleThick | styleLine ); > Plot( ProfitTaker, "Profit taker", colorLime, styleThick ); > Plot( C, "Price", Color, styleBar | styleThick ); > > /* plot color ribbon */ > Plot( 1, "", Color, styleArea | styleOwnScale | styleNoLabel, -0.1, 50 ); > > --Tomasz Janeczko, AmiBroker.com > www.amibroker.com > > > ------------------------------------ > > **** IMPORTANT **** > This group is for the discussion between users only. > This is *NOT* technical support channel. > > ********************* > TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > ********************* > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > http://www.amibroker.com/devlog/ > > For other support material please check also: > http://www.amibroker.com/support.html > > ********************************* > Yahoo! Groups Links > > > >
