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Trading The Trend 2 for eSignal (EFS)
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Tags:
eSignal, trend
This efs plots the indicator developed by Andrew Abraham in the Trading the Trend article of TASC September 1998
You can read more about it here
Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 | /*********************************************************Alexis C. Montenegro © April 2005 Use and/or modify this code freely. If you redistribute itplease include this and/or any other comment blocks and a description of any changes you make. **********************************************************///This efs plots the indicator developed by Andrew Abraham //in the Trading the Trend article of TASC September 1998 var fpArray = new Array();function preMain(){ setPriceStudy(true); setStudyTitle("Trend Trader"); setCursorLabelName("Limit") setDefaultBarFgColor(Color.red,0); setColorPriceBars(true); setDefaultPriceBarColor(Color.black); var x=0; fpArray[x] = new FunctionParameter("Length", FunctionParameter.NUMBER); with(fpArray[x++]){ setLowerLimit(1); setDefault(21); } fpArray[x] = new FunctionParameter("Multiplier", FunctionParameter.NUMBER); with(fpArray[x++]){ setLowerLimit(0.01); setDefault(3); } fpArray[x] = new FunctionParameter("Interval", FunctionParameter.STRING); with(fpArray[x++]){ setDefault(); } fpArray[x] = new FunctionParameter("Params", FunctionParameter.BOOLEAN); with(fpArray[x++]){ setName("Show Parameters"); setDefault(false); }}var bInit = false;var xInterval = nullvar avgTR = null;var highestC = null;var lowestC = null;var xClose= null;var Signal1 = null;function main(Length,Multiplier,Interval,Params){ if(bInit==false){ if(Interval==null) Interval = getInterval(); xInterval = Interval+""; avgTR = wma(Length,atr(1,inv(xInterval))); highestC = upperDonchian(Length,close(inv(xInterval))); lowestC = lowerDonchian(Length,close(inv(xInterval))); xClose = close(inv(xInterval)); setShowTitleParameters(eval(Params)); bInit=true; } var Close1 = xClose.getValue(-1); var highestC1 = highestC.getValue(-1); var lowestC1 = lowestC.getValue(-1); var avgTR1 = avgTR.getValue(-1); if(Close1 == null || highestC1 == null || lowestC1 == null || avgTR1 == null) return; if(getBarStateInterval(xInterval)==BARSTATE_NEWBAR){ var hiLimit1 = highestC1-(avgTR1*Multiplier); var loLimit1 = lowestC1+(avgTR1*Multiplier); if(Close1 > hiLimit1 && Close1 > loLimit1) Signal1 = hiLimit1; if(Close1 < loLimit1 && Close1 < hiLimit1) Signal1 = loLimit1; } if(Signal1 == null) return; if(Close1 > Signal1) setPriceBarColor(Color.blue); if(Close1 < Signal1) setPriceBarColor(Color.red); return Signal1;} |
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