Metastock 6.0 for Window Message Board

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Strategies & Market Trends : Metastock 6.0 for Window

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To: Michael Olds who wrote (3310)	10/27/1999 12:42:00 AM
From: Bob Anderton	Read Replies (3) of 4056

Mike, Larry, and Paul Thanks to all of you for the great help and input to the question of how to deal with combining the indicators in a system when one of them gives a signal by crossing. There were two responses, one can be seen in #3310 from Larry on the Yahoo! Metastock board (thanks Mike) which is answering a slightly different question. That solution seems like what one would use if one wanted to look for system 2 signaling a buy the same day as system 1 signaling a buy by crossing a value. What I actually wanted to do was have a way of looking for system 2 signalling a buy during anytime that system 1 was saying hold because its last signal had been a buy. This was addressed very nicely by Paul in message #3311. I took his idea to make the following indicator: If(BarsSince(Cross(Fml("Indicator1"),90))<BarsSince(Cross(10,Fml("Indicator1"))),1,0) This makes a new indicator that is 1 when the last signal is a buy and 0 when the last signal was a sell. Imagine that this is a really long term indicator. Now you can look for your short term indicator #2 to signal a sell and just AND it with this new indicator being = 1, meaning that the first indicator was in hold mode. This is a big step forward for me. I'd never used this BARSSINCE function before(which is PERIODSSINCE for WOW) and this was key to being able to do this I think. Good Job Paul. Bob

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