I know NOTHING about coding, so please refer to the
http://www.visualtradingcharts.com/forum/ website if this is incomplete in any way.
MAF := Mov(Pr,tPr,mt);
MABk:= Mov(Pr2,tPr2,mt2);
HL200 := mov(ref(H,-1) - ref(L,-1), 200, S);
MADiff:= (MAF - MABk)/HL200; {*5000;}
MADS:= (mov(MADiff,tpr3,mt3));
PA:= (C > ref(C,-2) and h > ref(h,-3));
PAh:= (C < ref(C,-2) and l < ref(l,-3));
BSSig:= PA - PAh;
BSIGL:= BSSIG;
This is the description associated with the indicator. I cut and pasted it directly from the installed file. Please realize that I don't use the indicator in any way resembling its orginal intent.
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This indicator consists of a MA Oscillator and what I call a simple "Buy/Sell Switch". Since MA's and their Oscillators lag the price, I wanted to insure that the very recent price activity was consistent with the direction of my entry so there's some price strength in the direction of my entry. What I don't want is to take an entry signal when the price is currently moving against the direction of my entry. Although this can often be observed easily on the chart, there are times when it can't and I want to rely on the indicator math in those situations.
I find the "switch" helpful in giving me a clearer picture during periods of increased volatility. Also use it for reentries during a trend pullback as it will flip to zero or even the opposite line and then I reenter when it flips back again as price movement "proves" itself in the original direction.
Key:
1) Long Signal Bar occurs when the Oscillator breaks above the Blue horizontal trigger line (Buy Line) and the green Buy switch is up. Enter on the next bar if the Oscillator is still above the Buy Line and the green Buy Switch is still up.
2) Short is opposite of above but when Oscillator crosses Red Sell Line.
3) If Oscillator crosses buy or sell line but "Buy/Sell Switch doesn't confirm at that time, wait for Switch to trigger again. This will be your signal bar and then enter next bar if Buy/Sell Switch is still active.
4) On a retracement, the switch will flip to the zero line or even reverse to opposite side. If trend resumes in original direction, the switch will flip back and this is your reentry signal. (Price will typically have proven the resumption of the trend when the switch flips back.)
5) An aggressive entry can be used if the Buy/Sell Switch has 3 or more bars in the same direction of the Oscillator as it crosses the Zero line. In this case your Signal occurs when the Oscillator crosses the zero line rather than waiting for a Buy/Sell line cross.
G
inthe_now@hotmail.com
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Please refer back to previous posts for the actual VT indicator, its a zip file entitled daimyo2.zip
I arrived in Thailand today from Cambodia. Cambodia is one of the poorest countries in the world, yet I have never seen so many joyous people in my life. Amazing place. Words can't describe the feeling of seeing people live so differently, and without electricity no less. Yet, they still had huge smiles when a stranger came into their view. I'm not talking about the places where tourists go, but in the deep deep countryside where there are still landmines from 30 years ago, these were the most joyful of the locals I saw.
I'll be making some trades in the next few days if I see any signals. Trying to keep it light though.
