Expansion Breakout Formula in Fchart Pro

I came across a "Expansion Breakout formula" in Metastock and have tried to convert in Fchart Pro for your analysis:

Expansion Breakout [Long] :

(H = HIGHEST_H[42]) AND (TR >= TR[1]) AND (TR >= TR[2])
AND (TR >= TR[3]) AND (TR >= TR[4]) AND (TR >= TR[5])
AND (TR >= TR[6]) AND (TR >= TR[7]) AND (TR >= TR[8])
AND (TR >= TR[9])

For tomorrow's Buy : Buy above todays High + 0.125 and Stop : Yesterday's close - 1.0

Expansion Breakout[Short] :

(L = LOWEST_L[42]) AND (TR >= TR[1]) AND (TR >= TR[2])
AND (TR >= TR[3]) AND (TR >= TR[4]) AND (TR >= TR[5])
AND (TR >= TR[6]) AND (TR >= TR[7]) AND (TR >= TR[8])
AND (TR >= TR[9])

For tomorrow's Sell : Sell below todays Low - 0.125 and Stop : Yesterday's Close + 1.0

Cheers

Himadri

Hi Himadri

I've tried to convert the same formula in AFL, including Lizards formulas, but with no results can you help me?

tnx in advance

hi rhimadri, even in Metastock when I copy pasted it .. it showing me a message tht " it is an invalid character"

why?

plz help

chintan

Chintan,

Above formula is suitable only in Fchart Pro. Metastock formula has different syntax which is as follows :-

Buy
A:=Close
B:{Breakout}(H-L)>ATR(9)
C:{Signal}Ref(C,-2)<=Mov(C,50,S) and
Ref(C,-1)>Mov(C,50,S) OR Ref(C,-1)<=Mov(C,50,S) and
C>Mov(C,50,S)
D:{entry}HHV(H,2)+.125
E:{Stop}If(Ref(C,-2)<=Mov(C,50,S) and
Ref(C,-1)>Mov(C,50,S),Ref(C,-1)-1,If(Ref(C,-1)<=Mov(C,50,S)
and C>Mov(C,50,S),C-1,0))
Filter:ColB and ColC

Sell
A:=Close
B:{Breakout}(H-L)>ATR(9)
C:{Signal}Ref(C,-2)>=Mov(C,50,S) and
Ref(C,-1)<Mov(C,50,S) OR Ref(C,-1)>=Mov(C,50,S) and
C<Mov(C,50,S)
D:{entry}LLV(L,2)-.125
E:{Stop}If(Ref(C,-2)>=Mov(C,50,S) and
Ref(C,-1)<Mov(C,50,S),Ref(C,-1)-1,If(Ref(C,-1)>=Mov(C,50,S)
and C<Mov(C,50,S),C-1,0))
Filter:ColB and ColC

Hope you will find the same in order.

Cheers

Himadri

Still no help... where to paste this Formula .In indicator Builder or Explorer.

I had tried both. Pasted the formula As it is provided by u.. but no help.

I have 9.1 version of MS.

chintan

Create two explorer one for buy singal and one for sell signal. And insert the formula as per required column indicated in the formula.

Himadri

thanks Himadri... Now it is working. thank u very very much

chintan

What about Dhiraj's 2652 method of trading. That can go in this thread.

also trading the NR7 setup. There is a thread dedicated for this topic.

Sri

And what do these have to do with FCharts?

(It looks like you are trolling.)

Are 0.125 and 1.0 percentage values? Just a clarification.