Easylanguage and Script Help

[darknite999]

Hello, (Apologies in advanced if I have posted this in the wrong place)

I'm new to easylanguage scripting and was wondering if someone could help me please.

I want to write a script that will show me, on an upward trend of 3 or more candlesticks, the highest high of that trend. The new high must be a red candelstick and the trend must contain at least one green candle.

How would I go about doing this please?

Thanks for you help in advanced,
Darknite.

[zdo]

please spec out a little bit more about what you mean by
1 "upward trend".
is the lowest low >= 4 bars ago or
must the trend members lows all be higher than previous low or
_______ ???

thx

[darknite999]

I hope this sums it up

Once again thanks for your help it's much apreciated.

Cheers,
Darknite

[BlowFish]

IF C[1]>C[2] and c[2] > C[3] and C[3] > C [4] and H > H [1] and C < O then
plot1 (h+1,"High")
else
noplot1;

Set to plot a dot, it should plot over the high on bar close. You can but your own logic in quite simply. The number in square brackets [n] signifies n bars ago. Haven't tested it as I typed it straight into the post. I'm sure BlueRay wll correct it if I am wrong

[Blu-Ray]

	Quote:	BlowFish
	IF C[1]>C[2] and c[2] > C[3] and C[3] > C [4] and H > H [1] and C < O then plot1 (h+1,"High") else noplot1; Set to plot a dot, it should plot over the high on bar close. You can but your own logic in quite simply. The number in square brackets [n] signifies n bars ago. Haven't tested it as I typed it straight into the post. I'm sure BlueRay wll correct it if I am wrong

hehehe....nice one Blowfish.

The only thing I would add to the line would be :

H > H[2] and H > H[3] and H > H[4]

Just incase one of the previous candles had a higher high leaving a long shadow. As with Blowfish, I've never tested it, but give it a try and let us know how you get on.

Cheers

Blu-Ray

[darknite999]

Great!!

It worked just about so I had a look through what you told me and made a few adjustments so instead it was this:

IF C[1]>C[2] and H > H [1] and H > H[2] and C < O then
plot1 (h+1,"High")
else
noplot(1);

How would I do this for a strategy please?

how do I add a stoploss and tell it to sell and buy back 30 points below...

Once again greatly apreciated and thanks for your help,
Darknite.

[BlowFish]

I have never used a strategy in TS so I will defer to BlueRay Hopefully will learn something too. There are a bunch of reserved words to buy sell etc. that I guess would go in instead of plot.

Easylanguage really is pretty easy (IMHO) and a bit of hands on will get you there in no time at all.

Perhaps look at one of the sample strategies to see how it hangs together. Im sure there must be one for a moving average Xover or something similar.

Be interested how it pans out for you.

[darknite999]

Cheers,

If anyone else could help me please that would be brilliant

In the mean time i'll see if I can find a sample strategy that has those commands i'm looking for (haven't found so far and the websites on google are running out :P)

All I need to know is how to sellshort and I think it's buy to cover 30 points below...

Grrrrr difficult :P

Cheers.

[Blu-Ray]

Darknite

It would depend on your particular entry and stoploss criteria, Here's a strategy code I've done, but I've based it on entry 1 tick below the low of the reversal bar, with the stoploss being x amount of ticks above the high of the reversal bar ( I've made that section as an input, so you can decide ).

Inputs:
ProfTarget(30),StopLoss(1 ); { These inputs are in number of ticks }

Vars:
ShortEntry(0), Permission(0), Mintick(0), mystop(0), MP(0);

MP = marketposition;
Mintick = minmove/pricescale;


Condition1 = C[1]>C[2] and H > H [1] and H > H[2] and C < O;


if condition1 and MP = 0 then begin
ShortEntry = Low - (1*mintick);
mystop = High + (Stoploss*mintick);
permission = 1;
end;

if permission = 1 then begin
SellShort next bar at ShortEntry Stop;
Permission = 0;
end;

if mp = -1 then begin
buytocover ("ProfitTarget") next bar at ShortEntry - (ProfTarget*mintick) limit;
buytocover ("StoppedOut") next bar at mystop stop;
end;

If you have exact entry and exit criteria different from above, just let me know and I'll amend it for you.

Hope this helps

Blu-Ray

[darknite999]

	Quote:	Blu-Ray
	If you have exact entry and exit criteria different from above, just let me know and I'll amend it for you. Hope this helps Blu-Ray

Hey,

Thanks very much for your help.

I would like to place a stop loss 2 ticks above the high and sellshort 1 tick below the low

i want to buy to cover 30 below where I came in.

Cheers and once again thank you,
Darknite.