Esignal Indicator

[BTS]

Hello,

I have been told that you may be able to help me convertiing the
following PaintBar study into esignal format....Please let me know if
you need any clarification on the formula....

Thank you



Inputs: Criteria(Close < Low of 4 bar ago), Length(19), Occur(13),
ShowText(True), TxtColor(Yellow);
Variables: Txt(0);
IF Criteria AND CountIF(Criteria, Length) >= Occur Then Begin ;


Value1 = HIGH ;
Value2 = LOW ;

PlotPaintBar( Value1, Value2, "SimplePB" ) ;
Alert ;
end ;

[BTS]

Still haven't received a reply...Please respond at your convenince.

Thank you

[eSignal_JasonK]

Hello BTS,

You may need to contact one of our EFS consultants. Please review the thread below.

FAQ: How can I get my custom study built?

[Doji3333]

I may be able to help...

Basically (as I understand it), you want to be able to determine if the close[x] < low[x-4] for so many bars (13 out of 19 bars) - correct??

One thing that may create a problem here is this is VERY SIMILAR to Tom DeMark's systems. These are proprietary and I have spoken with Mr. Demark regarding his studies. Even though this is not hard to do, I would have to make sure this does not infringe on his protected information.

Can you verify this??

Brad

[BTS]

Hi Brad,

Correct it is similar to Tom Demarks indicator but not the same....
This indicator is used to identify overbought and oversold conditions...

Tom's sequential is alot more complicated...

It has 9 count setup phase (X > close of 4 bars ago) ((this is the only similarity)

then a 13 sell count which compares 2 bars ago


we are comparing the last 19 bars which has 13 higher closes then 4 bars ago..please let me know if this makes sense..

Thank you for all your help