Download: dma.ela
File Includes:
Signal - Derivative Moving Average
Indicator - Trend Analysis Index
Function - TAI
Category: Strategy > Derivative Moving Average
Description:
Inputs:
Signal Derivative Moving Average ELA Code:
INPUT: PRICE(CLOSE),AVGLEN(28),LOWLEN(4),TAILEN(5),EXITLEV(.4);
IF MARKETPOSITION = 0 AND AVERAGE(PRICE, AVGLEN)[1] = LOWEST(AVERAGE(PRICE, AVGLEN),LOWLEN)[1] THEN BUY ON CLOSE;
IF MARKETPOSITION = 1 AND TAI(PRICE, AVGLEN, TAILEN) CROSSES BELOW EXITLEV THEN EXITLONG ON CLOSE;