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Weekly S&P System

Article/Author: "A Weekly S&P Trading System"
                              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;