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File Name: MAPS.efs
Description:
This formula is based on the April 2005 article, Success Amid Risk - Trading Moving Average Pullbacks, by Steve Palmquist.
Formula Parameters:
MA Length: 30
MA Source: Close
MA Type: SIMPLE
Pullback Percent Envelope: 1%
Trend Bars: 30
Notes:
This study is back testing compatiblle for the Strategy Analyzer. The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
MAPS.efs
EFS Code:
Description:
This formula is based on the April 2005 article, Success Amid Risk - Trading Moving Average Pullbacks, by Steve Palmquist.
Formula Parameters:
MA Length: 30
MA Source: Close
MA Type: SIMPLE
Pullback Percent Envelope: 1%
Trend Bars: 30
Notes:
This study is back testing compatiblle for the Strategy Analyzer. The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
MAPS.efs
EFS Code:
PHP Code:
/***************************************
Provided By : eSignal (c) Copyright 2005
Description: Moving Average Pullback System - by Steve Palmquist
Version 1.0 2/10/2005
Notes:
April 2005 Issue - "Success Amid Risk - Trading Moving Average Pullbacks"
Formula Parameters: Defaults:
MA Length 30
MA Source Close
MA Type SIMPLE
Pullback Percent Envelope 1%
Trend Bars 30
***************************************/
function preMain() {
setPriceStudy(true);
setStudyTitle("Moving Average Pullback System ");
setShowTitleParameters(false);
setCursorLabelName("+1\%", 0);
setCursorLabelName("MA", 1);
setCursorLabelName("-1\%", 2);
setCursorLabelName("Trend Count", 3);
setDefaultBarFgColor(Color.blue, 0);
setDefaultBarFgColor(Color.red, 1);
setDefaultBarFgColor(Color.blue, 2);
setDefaultBarFgColor(Color.grey, 3);
var fp1 = new FunctionParameter("nLength", FunctionParameter.NUMBER);
fp1.setName("MA Length");
fp1.setDefault(30);
fp1.setLowerLimit(1);
var fp2 = new FunctionParameter("sSource", FunctionParameter.STRING);
fp2.setName("MA Source");
fp2.setDefault("Close");
fp2.addOption("Open");
fp2.addOption("High");
fp2.addOption("Low");
fp2.addOption("Close");
fp2.addOption("HL/2");
fp2.addOption("HLC/3");
fp2.addOption("OHLC/4");
var fp3 = new FunctionParameter("type", FunctionParameter.STRING);
fp3.setName("MA Type");
fp3.setDefault("SIMPLE");
fp3.addOption("SIMPLE");
fp3.addOption("EXPONENTIAL");
fp3.addOption("WEIGHTED");
fp3.addOption("VOLUMEWEIGHTED");
var fp4 = new FunctionParameter("nPBpercent", FunctionParameter.NUMBER);
fp4.setName("Pullback Percent Envelope");
fp4.setDefault(1);
fp4.setLowerLimit(0);
fp4.setUpperLimit(100);
var fp5 = new FunctionParameter("nTrendBars", FunctionParameter.NUMBER);
fp5.setName("Number of Bars for Trend");
fp5.setDefault(30);
fp5.setLowerLimit(1);
}
var study = null;
var bt = true; // back testing on
var nTrendCntr = 0;
var nTrendCntr1 = 0;// previous bar's nTrendCntr
var sSide = 0; // 1 = obove MA, -1 = below MA
var sSide1 = 0; // previous bar's sSide
var bInit = true; // initialization routine.
var bLongTrigger = false;
var bShortTrigger = false;
var vPosition = 0; // 0 = no position, 1 = long, -1 = short
var nTriggerIndex = null;
var nBarCount = 0; // bar counter for exit strategy
function main(nLength, sSource, type, nPBpercent, nTrendBars) {
var nState = getBarState();
if (nState == BARSTATE_ALLBARS || bInit == true) {
study = new MAStudy(nLength, 0, sSource, eval("MAStudy." + type));
if (close(0) > vMA) sSide = 1;
else sSide = -1;
setCursorLabelName("+" + nPBpercent + "\%", 0);
setCursorLabelName("-" + nPBpercent + "\%", 2);
bt = true;
bInit = false;
}
var vMA = study.getValue(MAStudy.MA);
var vMA1 = study.getValue(MAStudy.MA, -1);
if (vMA == null || vMA1 == null) return;
if (nState == BARSTATE_NEWBAR) {
nTrendCntr1 = nTrendCntr;
nTrendCntr += 1;
sSide1 = sSide;
nBarCount += 1;
if (getCurrentBarIndex() < 0) bt = true;
else bt = false;
}
if (sSide == 1 && low(-1) < vMA1) sSide = -1;
else if (sSide == -1 && high(-1) > vMA1) sSide = 1;
if (nState == BARSTATE_NEWBAR && bLongTrigger == false && bShortTrigger == false) {
if (nTrendCntr1 >= nTrendBars) {
if (sSide1 == 1 && vPosition != 1) {
if ( Math.abs((low(-1) - vMA1)/vMA1) <= (nPBpercent/100) ) {
bLongTrigger = true;
nTriggerIndex = getCurrentBarIndex();
}
} else if (sSide1 == -1 && vPosition != -1) {
if ( Math.abs((vMA1 - high(-1))/vMA1) <= (nPBpercent/100) ) {
bShortTrigger = true;
nTriggerIndex = getCurrentBarIndex();
}
}
}
}
// Position Exit
if (vPosition != 0 && nBarCount == 3) {
if (vPosition == 1) {
longExit();
} else if (vPosition == -1) {
shortExit();
}
}
// Position Entry
if (getCurrentBarIndex() == nTriggerIndex) {
if (bLongTrigger == true) {
if (high(0) > high(-1)) longEntry();
} else if (bShortTrigger == true) {
if (low(0) < low(-1)) shortEntry();
}
} else {
bLongTrigger = false;
bShortTrigger = false;
}
if (vPosition == 1) setBarBgColor(Color.green);
if (vPosition == -1) setBarBgColor(Color.red);
if (sSide1 != sSide) nTrendCntr = 0; // reset trend
return new Array(((nPBpercent/100)*vMA)+vMA, vMA, vMA-((nPBpercent/100)*vMA), nTrendCntr+"");
}
/***** Support Functions *****/
function longEntry() {
bLongTrigger = false;
vPosition = 1;
setBarBgColor(Color.green);
var nEntryPrice = high(-1);
if (open(0) > nEntryPrice) nEntryPrice = open(0);
if (bt == true) {
Strategy.doLong("Buy", Strategy.LIMIT, Strategy.THISBAR, null, nEntryPrice);
}
nBarCount = 0;
return;
}
function shortEntry() {
bShortTrigger = false;
vPosition = -1
setBarBgColor(Color.red);
var nEntryPrice = low(-1);
if (open(0) < nEntryPrice) nEntryPrice = open(0);
if (bt == true) {
Strategy.doShort("Short", Strategy.LIMIT, Strategy.THISBAR, null, nEntryPrice);
}
nBarCount = 0;
return;
}
function longExit() {
vPosition = 0;
if (bt == true) Strategy.doSell("Long Stop", Strategy.MARKET, Strategy.THISBAR);
return;
}
function shortExit() {
vPosition = 0;
if (bt == true) Strategy.doCover("Short Stop", Strategy.MARKET, Strategy.THISBAR);
return;
}