/*********************************Provided By: eSignal (Copyright ) eSignal), a division of Interactive Data Corporation. 2007. All rights reserved. This sample eSignal Formula Script (EFS) is for educational purposes only and may be modified and saved under a new file name. eSignal is not responsible for the functionality once modified. eSignal reserves the right to modify and overwrite this EFS file with each new release. Description: Profit With ETFs by Gerald Gardner and Trent GardnerVersion: 1.0 4/15/2008Notes:* June 2008 Issue of Stocks and Commodities Magazine* Study requires version 8.0 or later.* Study is configured for back testing only.**********************************/function preMain(){ setStudyTitle("RSI Timing Model"); setPriceStudy(true); setColorPriceBars(true); setDefaultPriceBarColor(Color.grey); setCursorLabelName("Entry",0); setCursorLabelName("Target",1); setCursorLabelName("H2",2); setPlotType(PLOTTYPE_FLATLINES,0); setPlotType(PLOTTYPE_FLATLINES,1); setPlotType(PLOTTYPE_FLATLINES,2); setDefaultBarFgColor(Color.blue,0); setDefaultBarFgColor(Color.red,1); setDefaultBarFgColor(Color.red,2); setDefaultBarThickness(2,0); setDefaultBarThickness(2,1); setDefaultBarThickness(2,2); }var bInit = false;var xRSI = null;var xSMA = null;var BarCounter = 0;var bVersion = null;var Entry = null;var Target = null;var H2 = null;function main(){ if (bVersion == null) bVersion = verify(); if (bVersion == false) return; if(bInit == false){ xRSI = rsi(2,high()); xSMA = sma(200); bInit = true; } if(xSMA.getValue(0) == null || xRSI.getValue(-1) == null || getCurrentBarIndex() == 0) return; if(getBarState() == BARSTATE_NEWBAR){ if(Strategy.isLong()){ BarCounter++; }else{ BarCounter = 0; } } if (Strategy.isLong() == false) { Entry = null; Target = null; H2 = null; } if(Strategy.isLong()){ Target = (high(-2)*1.075); H2 = high(-2); if(BarCounter == 6){ Strategy.doSell("TimeOut Exit", Strategy.MARKET, Strategy.THISBAR); setPriceBarColor(Color.red); } else if(high(0) > (high(-2)*1.075) && low(0) < (high(-2)*1.075)){ Strategy.doSell("Limit Exit", Strategy.LIMIT, Strategy.THISBAR, Strategy.ALL, (high(-2)*1.075)); setPriceBarColor(Color.cyan); } else if(close(0) > high(-2)){ Strategy.doSell("H2 Exit", Strategy.CLOSE, Strategy.THISBAR); setPriceBarColor(Color.yellow); } } if(!Strategy.isLong()){ if(xRSI.getValue(0) < 2 && xRSI.getValue(-1) > 1 && close(0) > xSMA.getValue(0)){ if(low(0) < (low(-1)*1.025) && high(0) > (low(-1)*1.025)){ Entry = (low(-1)*1.025); Strategy.doLong("Enter Long", Strategy.LIMIT, Strategy.THISBAR, Strategy.DEFAULT, (low(-1)*1.025)); setPriceBarColor(Color.lime); BarCounter = 1; } } } return new Array (Entry, Target, H2);}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;} |
