Article/Author: "A Price- and Volume- Based System" Alex Saitta, Stocks&Commodities Magazine, Traders Tips, 03/1997

Download: pvsystem.ela

File Includes: Signal - Price Vol System

Category: Strategy > Price Vol System

Description:

Inputs:

Signal Price Vol System ELA Code:

INPUT: LENGTH(20),LENGTH2(10);

IF CLOSE CROSSES OVER AVERAGE(CLOSE, LENGTH) AND VOLUME > AVERAGE(VOLUME, LENGTH2) THEN BUY ON CLOSE;

IF CLOSE CROSSES BELOW AVERAGE(CLOSE, LENGTH) THEN EXITLONG ON CLOSE;

IF CLOSE CROSSES BELOW AVERAGE(CLOSE, LENGTH) AND VOLUME > AVERAGE(VOLUME, LENGTH2) THEN SELL ON CLOSE;

IF CLOSE CROSSES OVER AVERAGE(CLOSE, LENGTH) THEN EXITSHORT ON CLOSE;