2013 Dec: Swing trading with three indicators by Donald Pendergast

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3MA_TradingTemplate.efs  EFSLibrary - Discussion Board
  

File Name: 3MA_TradingTemplate.efs

Description:
Swing trading with three indicators by Donald Pendergast


Formula Parameters:

3MA_TradingTemplate.efs
Number of Ticks: 5
EMA Length: 50
Entry Long Position: lime
Entry Short Position: red
Exit Position: paleyellow


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

Download File:
3MA_TradingTemplate.efs


3MA_TradingTemplate.efs



EFS Code:

3MA_TradingTemplate.efs

/*********************************Provided By:      Interactive Data Corporation (Copyright ?? 2013)     All rights reserved. This sample eSignal Formula Script (EFS)    is for educational purposes only. Interactive Data Corporation    reserves the right to modify and overwrite this EFS file with     each new release. Description:            Swing trading with three indicators by Donald Pendergast    Version:            1.00  10/07/2013Formula Parameters:                     Default:Number of Ticks                         5EMA Length                              50Entry Long Position                     limeEntry Short Position                    redExit Position                           paleyellowNotes:    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(){    setStudyTitle("3MA_TradingTemplate");    setPriceStudy(true);        setCursorLabelName("MA(high)", 0);    setCursorLabelName("MA(low)", 1);    setCursorLabelName("EMA", 2);        setDefaultBarFgColor(Color.RGB(255, 155, 0), 0);    setDefaultBarFgColor(Color.red, 1);    setDefaultBarFgColor(Color.blue, 2);        setDefaultBarThickness(2, 0);    setDefaultBarThickness(2, 1);    setDefaultBarThickness(2, 2);            var x = 0;    fpArray[x] = new FunctionParameter("fpNumberTicks", FunctionParameter.NUMBER);    with(fpArray[x++])    {        setName("Number of Ticks");        setLowerLimit(1);        setDefault(5);    }    fpArray[x] = new FunctionParameter("fpEMALength", FunctionParameter.NUMBER);    with(fpArray[x++])    {        setName("EMA Length");        setLowerLimit(1);         setDefault(50);    }    fpArray[x] = new FunctionParameter("fpEntryLongColor", FunctionParameter.COLOR);    with(fpArray[x++])    {        setName("Entry Long Position");            setDefault(Color.lime);    }         fpArray[x] = new FunctionParameter("fpEntryShortColor", FunctionParameter.COLOR);    with(fpArray[x++])    {        setName("Entry Short Position");            setDefault(Color.red);    }    fpArray[x] = new FunctionParameter("fpExitColor", FunctionParameter.COLOR);    with(fpArray[x++])    {        setName("Exit Position");            setDefault(Color.paleyellow  );    }}var bInit = false;var bVersion = null;var xClose = null;var xOpen = null;var xHigh = null;var xLow = null;var xMA_highs = null;var xMA_lows = null;var xEMA = null;var nTick = 0;function main(fpNumberTicks, fpEMALength, fpEntryLongColor, fpEntryShortColor, fpExitColor) {    if (bVersion == null) bVersion = verify();    if (bVersion == false) return;            if (!bInit)    {    	xClose = close();        xOpen = open();        xHigh = high();        xLow = low();                xMA_highs = sma(5, xHigh);        xMA_lows = sma(5, xLow);        xEMA = ema(fpEMALength);                nTick = getMinTick();                        bInit = true;     }    var nClose = xClose.getValue(-1);    var nOpen = xOpen.getValue(0);    var nHigh = xHigh.getValue(0);    var nLow = xLow.getValue(0);    var nMA_highs = xMA_highs.getValue(0);    var nMA_lows = xMA_lows.getValue(0);    var nEMA = xEMA.getValue(0);    if (nMA_highs == null || nMA_lows == null || nEMA == null)        return;    if (getCurrentBarIndex() != 0)     {        var bFStrategy = Strategy.isInTrade();        var bLStrategy = Strategy.isLong();        var bSStrategy = Strategy.isShort();                var nLotSize = Strategy.getDefaultLotSize();        var nFillPrice = 0;               if (!bFStrategy)        {            if ((nHigh > nMA_highs + (fpNumberTicks * nTick)) && (nClose > nEMA))            {                nFillPrice = Math.max(nOpen, nMA_highs + (fpNumberTicks * nTick));                Strategy.doLong("Enter Long", Strategy.STOP, Strategy.THISBAR, Strategy.DEFAULT, nFillPrice);                drawTextRelative(0, AboveBar3, "Enter Long", Color.black, fpEntryLongColor, Text.PRESET, null, null, getCurrentBarIndex()+"action");                drawTextRelative(0, AboveBar2, nLotSize + " @ " + formatPriceNumber(nFillPrice), Color.black, fpEntryLongColor, Text.PRESET, null, null, getCurrentBarIndex()+"price");                drawShapeRelative(0, AboveBar1, 10, null, Color.blue, Shape.PRESET, null);             }                        if ((nLow < nMA_lows - (fpNumberTicks * nTick)) && (nClose < nEMA))            {                nFillPrice = Math.min(nOpen, nMA_lows - (fpNumberTicks * nTick));                Strategy.doShort("Enter Short", Strategy.STOP, Strategy.THISBAR, Strategy.DEFAULT, nFillPrice);                drawTextRelative(0, AboveBar3, "Enter Short", Color.black, fpEntryShortColor, Text.PRESET, null, null, getCurrentBarIndex()+"action");                drawTextRelative(0, AboveBar2, nLotSize + " @ " + formatPriceNumber(nFillPrice), Color.black, fpEntryShortColor, Text.PRESET, null, null, getCurrentBarIndex()+"price");                 drawShapeRelative(0, AboveBar1, 10, null, Color.blue, Shape.PRESET, null);            }        }            if ((bLStrategy) && (nLow < nMA_lows))        {            nFillPrice = Math.min(nOpen, nMA_lows);            Strategy.doSell("Exit Long", Strategy.STOP, Strategy.THISBAR, Strategy.DEFAULT, nFillPrice);            drawTextRelative(0, BelowBar2, "Exit Long", Color.black, fpExitColor, Text.PRESET, null, null, getCurrentBarIndex()+"action");            drawTextRelative(0, BelowBar3, nLotSize + " @ " + formatPriceNumber(nFillPrice), Color.black, fpExitColor, Text.PRESET, null, null, getCurrentBarIndex()+"price");             drawShapeRelative(0, BelowBar1, 9, null, Color.blue, Shape.PRESET, null);         }                if ((bSStrategy) && (nHigh > nMA_highs))        {            nFillPrice = Math.max(nOpen, nMA_highs);            Strategy.doCover("Exit Short", Strategy.STOP, Strategy.THISBAR, Strategy.DEFAULT, nFillPrice);            drawTextRelative(0, BelowBar2, "Exit Short", Color.black, fpExitColor, Text.PRESET, null, null, getCurrentBarIndex()+"action");            drawTextRelative(0, BelowBar3, nLotSize + " @ " + formatPriceNumber(nFillPrice), Color.black, fpExitColor, Text.PRESET, null, null, getCurrentBarIndex()+"price");             drawShapeRelative(0, BelowBar1, 9, null, Color.blue, Shape.PRESET, null);         }    }    return [nMA_highs, nMA_lows, nEMA];}function verify() {    var b = false;    if (getBuildNumber() < 779)     {        drawTextAbsolute(5, 35, "This study requires version 8.0 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;}