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Delayed Channel Breakout

Convert Free Indicators & System

· To: omega-list@xxxxxxxxxx
· Subject: Convert Free Indicators & System
· From: Visavis
· Date: Sun, 5 Apr 1998 08:35:16 +0800 (PST)
· Resent-Date: Sat, 4 Apr 1998 16:35:45 -0800
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Hi!

Can someone convert the following free indicators & systems which I got from Angus Jackson into ELA format?

Thanks in advance.

Free indicators for Tradestation.

Type : Signal, Name : Delayed Channel Breakout

{--This Breakout system will o­nly enter if we have waited "X_Bars" after a
Breakout and we are still above/below the BO price. ----}

Input:
Len(13),
X_Bar(6);
vars:
HighBO(false),
LowBO(false),
x(0),
HighBOPrice(0),
LowBOPrice(0);

HighBOPrice = Highest(high,Len)[1];
LowBOPrice = Lowest(low,Len)[1];

HighBO = high > HighBOPrice;
LowBO = low < LowBOPrice;

if HighBO[X_Bar] then Buy at HighBOPrice[X_Bar] + 1 point stop;
if LowBO[X_Bar] then Sell at LowBOPrice[X_Bar] - 1 point stop;





 
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