2017 Mar: Golden Cross Breakouts by Ken Calhoun

[eSignal]

File Name: GoldenCrossBkout.efs

Description:
Golden Cross Breakouts by Ken Calhoun

Formula Parameters:

GoldenCrossBkout.efs

Fast MA Length: 50
Slow MA Length: 200
Trailing Stop: 2.0

Notes:
The related article is copyrighted material. If you are not a subscriber
of Stocks & Commodities, please visit www.traders.com.

Download File:
GoldenCrossBkout.efs

GoldenCrossBkout.efs


EFS Code:

/*********************************
Provided By:  
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2017. 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:        
    Golden Cross Breakouts by Ken Calhoun

Version:            1.00  01/10/2017

Formula Parameters:                     Default:
Fast MA Length                          50
Slow MA Length                          200
Trailing Stop                           2.0


Notes:
The related article is copyrighted material. If you are not a subscriber
of Stocks & Commodities, please visit www.traders.com.

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

var fpArray = new Array();

function preMain(){

    setPriceStudy(true);
    setStudyTitle("Golden Cross Breakouts");

    setDefaultBarFgColor(Color.red, 0);
    setDefaultBarFgColor(Color.green, 1);

    var x=0;
    fpArray[x] = new FunctionParameter("FastMALen", FunctionParameter.NUMBER);
    with(fpArray[x++]){
        setLowerLimit(1);
        setDefault(50);
        setName("Fast Average");
    }
    fpArray[x] = new FunctionParameter("SlowMALen", FunctionParameter.NUMBER);
    with(fpArray[x++]){
        setLowerLimit(1);
        setDefault(200);
        setName("Slow Average");
    }
    fpArray[x] = new FunctionParameter("TrlStop", FunctionParameter.NUMBER);
    with(fpArray[x++]){
        setLowerLimit(0.01);        
        setDefault(2.0);
        setName("Trailing Stop");
    }
}

var bVersion = null;
var bInit = false;
var xFastMA = null;
var xSlowMA = null;
var xHigh = null;
var xLow = null;
var bIsLong = false;
var vHighestHigh = null;
var vStopPrice = null;

function main(FastMALen, SlowMALen, TrlStop){

    if (bVersion == null) bVersion = verify();
    if (bVersion == false) return;

    if(getBarState() == BARSTATE_ALLBARS){
        setCursorLabelName("SMA("+FastMALen+")", 0);
        setCursorLabelName("SMA("+SlowMALen+")", 1);
        bInit = false;
    }

    if (!bInit){
        xFastMA = sma(FastMALen);
        xSlowMA = sma(SlowMALen)
        xHigh = high();
        xLow = low();
        bIsLong = false;
        bInit = true;
    }

    var nLow = xLow.getValue(0);
    var nHigh = xHigh.getValue(0);
    var nFastMA = xFastMA.getValue(0);
    var nFastMA1 = xFastMA.getValue(-1);
    var nSlowMA = xSlowMA.getValue(0);
    var nSlowMA1 = xSlowMA.getValue(-1);

    if(nSlowMA1 == null) return;

    if (bIsLong){
        if (nHigh > vHighestHigh && (nLow - TrlStop) > vStopPrice) {
            vStopPrice = (nLow - TrlStop);
            vHighestHigh = nHigh
        }
        else if (nLow <= vStopPrice){
            bIsLong = false;
            drawTextRelative(0, AboveBar1, "\u00EA", Color.red, null, Text.PRESET|Text.CENTER, "Wingdings", 10, "Exit"+rawtime(0));
            drawText("Suggested Long Exit at "+formatPriceNumber(vStopPrice),BottomRow1,Color.red,Text.LEFT,"Text Exit"+rawtime(0));
        }
    }

    if (nFastMA > nSlowMA && nFastMA1 <= nSlowMA1) {
        drawTextRelative(0, BelowBar1, "\u00E9", Color.green, null, Text.PRESET|Text.CENTER, "Wingdings", 10, "Long"+rawtime(0));
        drawText("Suggested Long Entry at "+formatPriceNumber(close(0)),TopRow1,Color.green,Text.LEFT,"Text"+rawtime(0));
        bIsLong = true;
        vStopPrice = (nLow - TrlStop);
        vHighestHigh = nHigh;
    }

    return [nFastMA, nSlowMA];
}

function verify(){
    var b = false;
    if (getBuildNumber() < 779){

        drawTextAbsolute(5, 35, "This study requires version 12.1 or later.",
            Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
            null, 13, "error");
        drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp",
            Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
            null, 13, "upgrade");
        return b;
    }
    else
        b = true;

    return b;
}