Adam White, Stocks&Commodities magazine, 06/1995
Download: weeklysp.ela
File Includes: Signal - Weekly S&P System
Function - LowRetr
Function - TAI
Category: Strategy > Weekly S&P System
Description: As described in Stock&Commodities magazine.
Signal ELA Code:
INPUTS: X(5), N(13), PERVAL(0.5), TAIVAL(1.2);
IF HIGH > HIGHEST(HIGH,X)[1] AND LOWEST(LOW,X) > LOWEST(LOW,N) THEN BUY NEXT BAR AT MARKET;
IF LOWRETR > PERVAL AND TAI < TAIVAL THEN EXITLONG THIS BAR ON CLOSE;
Function LowRetr ELA Code:
LOWRETR= (HIGHEST(LOW,13) - LOW) /LOW;
Function TAI ELA Code:
TAI=(HIGHEST(AVERAGE(CLOSE,26),5) - LOWEST(AVERAGE(CLOSE,26),5)) / CLOSE * 100;