Hello guys,

I was trying to convert RSI midline cross signals (that was kindly coded by Blu-Ray) into Ease of Movement midline cross signals, but I failed. Could someone please help me with this code?

inputs:
Price( avgprice ),
Length( 50 ),
ProfitTarget(150),
StopLoss(100);

variables: MyEOM( 0 ) ;

MyEOM = EaseOfMovement( Price, Length ) - 50;

If MyEOM Crosses above 0 then buy next bar at market;

If MyEOM Crosses below 0 then sellshort next bar at market;


setprofittarget(ProfitTar get);
Setstoploss(StopLoss);



Regards

[Blu-Ray]

Tresor

Just modify this line:

MyEOM = EaseOfMovement( Price, Length );

It should now work fine...... I put the " -50 " in the RSI as that indicator has a midline of 50, whereas the EOM's midline is already 0.

Hope this helps

Blu-Ray

Hello Blu-Ray,

I tried this code:

inputs:
Price( avgprice ),
Length( 50 ),
ProfitTarget(150),
StopLoss(100);

variables: MyEOM( 0 ) ;

MyEOM = EaseOfMovement( Price, Length );

If MyEOM Crosses above 0 then buy next bar at market;

If MyEOM Crosses below 0 then sellshort next bar at market;


setprofittarget(ProfitTar get);
Setstoploss(StopLoss);

but still no luck, cannot be compiled

Regards

[thrunner]

Originally Posted by Tresor »

MyEOM = EaseOfMovement( Price, Length );

but still no luck, cannot be compiled
Regards

ESL function EaseofMovement does not take any inputs. You may have copied this from some other platform. Try rewriting your own EaseOfMovement function (name it as _TEaseOfMovement for example) as follows:

inputs: Price (numericseries), SmoothingLength (numericsimple);

{ EOM = 100 * MFI * MidPointMove; note that this formula is a simpler mathematical 
  equivalent of Richard Arms' original formula }

if BarType >= 2 then { ie, not tick/minute data } 
	_TEaseOfMovement = Average( 100 * MFI( Volume ) * ( ( Price ) - ( Price )[1] ) * .5 , SmoothingLength)
else { if tick/minute data; in the case of minute data, also set the "For volume, 
 use:" field in the Format Symbol dialog to Trade Vol or Tick Count, as desired }
	_TEaseOfMovement = Average( 100 * MFI( Ticks ) * ( ( Price ) - ( Price )[1] ) * .5  , SmoothingLength);

Be sure to change your original strategy signal file line number 9:

MyEOM = _TEaseOfMovement( Price, Length );

Thank you thrunner

Works perfectly