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  • TFS: MBO indicator

    File Name: TFS_MBO.efs

    Description:
    TFS: MBO indicator

    Formula Parameters:
    Fastavg: 25
    Slowavg: 200


    Notes:
    MBO indicator is the third component of TFS trading system. This indicator
    was developed by Bryan Strain and Mark Whitley.
    The idea of MBO is similar to moving average convergence/divergence (MACD)
    indicator. It is calculated by subtracting the 200-day moving average from
    the 25-day moving average.


    Download File:
    TFS_MBO.efs



    EFS Code:
    PHP Code:
    /*********************************
    Provided By:  
        eSignal (Copyright c eSignal), a division of Interactive Data 
        Corporation. 2008. All rights reserved. This sample eSignal 
        Formula Script (EFS) is for educational purposes only and may be 
        modified and saved under a new file name.  eSignal is not responsible
        for the functionality once modified.  eSignal reserves the right 
        to modify and overwrite this EFS file with each new release.


    Description:        
        TFS: MBO indicator

    Version:            1.0  09/26/2008

    Notes:
        MBO indicator is the third component of TFS trading system. This indicator
        was developed by Bryan Strain and Mark Whitley.
        The idea of MBO is similar to moving average convergence/divergence (MACD)
        indicator. It is calculated by subtracting the 200-day moving average from
        the 25-day moving average.

    Formula Parameters:                     Default:
        Fastavg                               25
        Slowavg                              200 

    **********************************/

    var fpArray = new Array();
    var 
    bInit false;


    function 
    preMain() {

        
    setStudyTitle("TFS: MBO Indicator");
        
    setCursorLabelName("MBO",0);

        
    setPlotType(PLOTTYPE_HISTOGRAM,0);
        
    setCursorLabelName("ZeroLine",1);

        
    addBand(0PS_SOLID1Color.blue);

        
    setDefaultBarFgColor(Color.red0);

        
        var 
    x=0;    
        
    fpArray[x] = new FunctionParameter("FastAvg"FunctionParameter.NUMBER);
        
    with(fpArray[x++]){
            
    setLowerLimit(1);        
            
    setDefault(25);
        }
        
        
    fpArray[x] = new FunctionParameter("SlowAvg"FunctionParameter.NUMBER);
        
    with(fpArray[x++]){
            
    setLowerLimit(1);        
            
    setDefault(200);
        }
      
    }

    var 
    xFastAvg null;
    var 
    xSlowAvg null;

    function 
    main(FastAvgSlowAvg) {
    var 
    nState getBarState();

        if (
    nState == BARSTATE_ALLBARS) {
            if (
    FastAvg == nullFastAvg 25;
            if (
    SlowAvg == nullSlowAvg 200;
        }    
        
        if ( 
    bInit == false ) { 
            
    xFastAvg sma(FastAvg);
            
    xSlowAvg sma(SlowAvg);        
            
    bInit true
        } 

        if (
    getCurrentBarCount() <= SlowAvg) return;

        var 
    nMBO xFastAvg.getValue(0) - xSlowAvg.getValue(0);
        return 
    nMBO;

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