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Marking High / Low by Michael Arnoldi
marking high / low on a chart
To: metastock-list@xxxxxxxxx
Subject: marking high / low on a chart
From: michael.arnoldi@xxxxxxxx (MICHAEL J ARNOLDI)
Date: Sun, 1 Jun 1997 13:54:21 -0400
Resent-Date: Sun, 1 Jun 1997 12:17:22 -0600
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a marker to indicate the current trend in a stock can be written as follows:


Marking High / Low

buy:

Alert(TroughBars(1,L,3)=0,0)

sell:

Alert(PeakBars(1,H,3)=0,0)

 

the way i do it is as follows:

  1. i write each formula as an indicator.
  2. i use the standard method of plotting a new indicator. (drag & drop) for each formula.
  3. now i will have 2 new windows above the price plot - both showing long horizontal lines with a spike in some locations.
  4. i edit the buy to be in green & then reconfigure it into a histogram with the next thicker line (to see easier).
  5. i edit the sell to be in red & then reconfigure it into a histogram with the next thicker line (to see easier).
  6. i drag the buy into the sell window and close the remaining empty window.

    now i have vertical markers above the price chart indicating the low & high price points.
    (note: in between the vertical lines you will have horizontal dots - ignore them)

    mike

    373
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