High/Low from Buy/Sell

[pbeno]

Hello Y'all,

I have ran into a stumbling block attempting to calculate the most recent high/low from my most recent buy/sell signal. It is similar to a Real Time Swing, except I want to use my last buy/sell signal as my point of determination as opposed to "number of bars". Any suggestions? Thank you in advance

PB

[pbeno]

High/Low from Buy/Sell

Hello,

I am having difficulty calculating the most recent high/low from my most recent buy/sell signal. It is similar to a Real Time Swing, except I want to use my last buy/sell signal as my point of determination as opposed to "number of bars". Any suggestions? Thank you in advance

PB

[eSignal_JasonK]

Hello PB,

Try adding a couple global variables, nSignalHigh and nSignalLow. Within your buy and sell conditions set them equal to high(0) or low(0), respectively. You will then be able to reference the nSignalHigh and nSignalLow variables on subsequent bars as needed.

[pbeno]

Thank you Jason for the feedback. I will implement these changes and let you know the results.

Regards,
PB

Originally posted by JasonK
Hello PB,

Try adding a couple global variables, nSignalHigh and nSignalLow. Within your buy and sell conditions set them equal to high(0) or low(0), respectively. You will then be able to reference the nSignalHigh and nSignalLow variables on subsequent bars as needed.

[pbeno]

Thank you Jason for the feedback. Should I set nSignalHigh equal to "high" and nSignalLow equal to "low"? Thx again

Regards,
PB

Originally posted by JasonK
Hello PB,

Try adding a couple global variables, nSignalHigh and nSignalLow. Within your buy and sell conditions set them equal to high(0) or low(0), respectively. You will then be able to reference the nSignalHigh and nSignalLow variables on subsequent bars as needed.

[eSignal_JasonK]

Hello PB,

As I mentioned in my previous reply, set them equal to high(0) and low(0).

nSignalHigh = high(0);

or

nSignalLow = low(0);

[pbeno]

Re: High/Low

Hello Jason,

I have implemented your recommended changes and have one the following question: How do I effectively identify and reference my current position bar mark (whether long/short) so that the (high/low) is determined from that bar marker?

Thank you in advance for your assistance.

Peter

Originally posted by JasonK
Hello PB,

As I mentioned in my previous reply, set them equal to high(0) and low(0).

nSignalHigh = high(0);

or

nSignalLow = low(0);

[eSignal_JasonK]

Re: Re: High/Low

Hello Peter,

Originally posted by pbeno
Hello Jason,

I have implemented your recommended changes and have one the following question: How do I effectively identify and reference my current position bar mark (whether long/short) so that the (high/low) is determined from that bar marker?

Thank you in advance for your assistance.

Peter

To track your long/short state you could create another global variable, call myPosition. At the same time that you record the high(0) or low(0) set myPosition to "long" or "short," respectively. You could use strings or numbers, such as 1 for long, 0 for no position and -1 for short.

var myPosition = 0;  // global declaration

function main() {

...

    if (myPosition != 1 &&  /* your long conditions */ == true) {
        nSignalHigh = high(0);
        myPosition = 1;
        
        // or 
        // myPosition = "long";
    }

....

} 

You don't need to keep track of the bar index where a trade condition occurs, if that's what you meant by bar marker. Just track your position state with the global variable and add that global variable to your conditional statements to prevent long signals from executing if you're position is already long. Likewise for short conditions.

[pbeno]

Hello Jason,

Thank you for the reply. Unfortunately, declaring "my position" is not my trouble area. I am challenged by the fact my Buy/Sell signals are determined by the percent change of "today's close" with respect to most recent high/low since my most recent position. For example, if "today's close" is >=1.0% of the most recent high then a buy is triggered. The problem is determining the most recent high/low with respect to my position. Here is a portion of my logic for your review. I use "high(-5)" b/c I have not determined how to accurately calculate the most recent high/low since "my position".

nsignalhigh =high(-5);
nsignallow = low(-5)
nsignalclose=close(0);
nmaxpercent =.01;

FullBuy2=((nsignalclose-nsignalhigh)/nsignalhigh) >= maxpercent;
FullSell2=((nsignalclose-nsignallow)/nsignallow) <= -nmaxpercent;

Thank you again,
Peter

[pbeno]

Re: Re: Re: High/Low

Hello Jason,

I forgot to include this in my last email. The following is the logic used in MetaStock to perform what I am attempting to do in ESignal. In MetaStock they simply have trough/peak funciton to find high/low since "myposition". Hopefully this helps.

Signal Formula
target:=1.000; pt:=Trough(1,Security(".GDAXI",c),target); time:=TroughBars(1,Security(".GDAXI",c),target); signal:=Cross(((Security(".GDAXI",c)-pt)/pt)*100,target); signal AND (Ref(BarsSince(signal),-1)>=time)

Originally posted by JasonK
Hello Peter,



To track your long/short state you could create another global variable, call myPosition. At the same time that you record the high(0) or low(0) set myPosition to "long" or "short," respectively. You could use strings or numbers, such as 1 for long, 0 for no position and -1 for short.

var myPosition = 0;  // global declaration

function main() {

...

    if (myPosition != 1 &&  /* your long conditions */ == true) {
        nSignalHigh = high(0);
        myPosition = 1;
        
        // or 
        // myPosition = "long";
    }

....

} 

You don't need to keep track of the bar index where a trade condition occurs, if that's what you meant by bar marker. Just track your position state with the global variable and add that global variable to your conditional statements to prevent long signals from executing if you're position is already long. Likewise for short conditions.

[eSignal_JasonK]

Re: Re: Re: Re: High/Low

Hello Peter,

Originally posted by pbeno
Hello Jason,

I forgot to include this in my last email. The following is the logic used in MetaStock to perform what I am attempting to do in ESignal. In MetaStock they simply have trough/peak funciton to find high/low since "myposition". Hopefully this helps.

Signal Formula
target:=1.000; pt:=Trough(1,Security(".GDAXI",c),target); time:=TroughBars(1,Security(".GDAXI",c),target); signal:=Cross(((Security(".GDAXI",c)-pt)/pt)*100,target); signal AND (Ref(BarsSince(signal),-1)>=time)

The formula code you've posted does not directly translate into EFS code. Some of the functions used are unique to MetaStock. You may want to try contacting some of our EFS Consultants to see if they can assist you with this formula conversion project.