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Mutated, Variables ... by Walter T. Downs, Ph.D.
Mutated Variables, Volatility and a New Market Paradigm by Walter T. Downs, Ph.D.

In MetaStock for Windows 6.0 or higher, use the Expert Advisor to create highlights, which will show when contraction and expansion phases are present. First, choose Expert Advisor from the tools menu in MetaStock. Create a new Expert with the following highlights:


New Market Paradigm

Name : Contraction
Color : Blue
Condition :

BBandTop(CLOSE,28,SIMPLE,2) < Ref(BBandTop(CLOSE,28,SIMPLE,2),-1) AND
BBandBot(CLOSE,28,SIMPLE,2) > Ref(BBandBot(CLOSE,28,SIMPLE,2),-1)


Name : Expansion
Color : Red
Condition :

BBandTop(CLOSE,28,SIMPLE,2) > Ref(BBandTop(CLOSE,28,SIMPLE,2),-1) AND
BBandBot(CLOSE,28,SIMPLE,2) < Ref(BBandBot(CLOSE,28,SIMPLE,2),-1)

 

e-se-Mutated_Variables.gif
Click OK to save the changes to the Expert. Open a chart and then click your right-mouse button while pointing at the chart heading. Choose Expert Advisor and then choose Attach from the chart shortcut menu. Choose the New Market Paradigm Expert and then click the OK button. The price bars in the chart will be highlighted blue during a contraction phase and red in an expansion phase.
Source / From: TOP
http://www.equis.com

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