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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (9806)	7/17/1999 12:31:00 AM
From: Bob Jagow	Read Replies (2) \| Respond to of 11149

I don't have one at hand, Sean. The TF+ definition is --------------- Hammer. This one-day formation consists of a small body with little or no upper shadow, and a lower shadow that is twice the length of the body. The lowest value of the body is a three-day low. In a downtrend, the formation signals a rally. The length must be less than the parameter &1. --- Their code to implement this is --- (&1>(C-O)U0)(((C#O)-L)>((C-O)U02))(H<(C%O)+ 0.03)(L<LY1N3) --- which I've split up and commented in psuedocode as --- if (&1>(C-O)U0) // abs(C-O) < input and (((C#O)-L)>((C-O)U0*2)) // (min of C,O)-L)> abs(C-O) and (H<(C%O)+ 0.03) // H < ((max of C,O) +0.03) and (L<LY1N3) // L < min(bar-1,bar-4,lo) then --- where you will have to code the min of and max of with if statements. One way would be --- top := bottom; // test later for doji if open(bar) > close(bar) then top := open(bar); bottom := close(bar); else if open(bar) < close(bar) then top := close(bar); bottom := open(bar); endif; ... --- Sounds like a reason for switching to TF+ :-) Bob