2017 March: Golden Cross Breakouts by Ken Calhoun
File Name: GoldenCrossBkout.efs
Description:
Golden Cross Breakouts by Ken Calhoun
Formula Parameters:
GoldenCrossBkout.efs
- Fast MA Length: 50
- Slow MA Length: 200
- Trailing Stop: 2.02017 Mar: Golden Cross Breakouts by Ken Calhoun
Notes:
The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
GoldenCrossBkout.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2017. 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:
Golden Cross Breakouts by Ken Calhoun
Version: 1.00 01/10/2017
Formula Parameters: Default:
Fast MA Length 50
Slow MA Length 200
Trailing Stop 2.0
Notes:
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(){
setPriceStudy(true);
setStudyTitle("Golden Cross Breakouts");
setDefaultBarFgColor(Color.red, 0);
setDefaultBarFgColor(Color.green, 1);
var x=0;
fpArray[x] = new FunctionParameter("FastMALen", FunctionParameter.NUMBER);
with(fpArray[x++]){
setLowerLimit(1);
setDefault(50);
setName("Fast Average");
}
fpArray[x] = new FunctionParameter("SlowMALen", FunctionParameter.NUMBER);
with(fpArray[x++]){
setLowerLimit(1);
setDefault(200);
setName("Slow Average");
}
fpArray[x] = new FunctionParameter("TrlStop", FunctionParameter.NUMBER);
with(fpArray[x++]){
setLowerLimit(0.01);
setDefault(2.0);
setName("Trailing Stop");
}
}
var bVersion = null;
var bInit = false;
var xFastMA = null;
var xSlowMA = null;
var xHigh = null;
var xLow = null;
var bIsLong = false;
var vHighestHigh = null;
var vStopPrice = null;
function main(FastMALen, SlowMALen, TrlStop){
if (bVersion == null) bVersion = verify();
if (bVersion == false) return;
if(getBarState() == BARSTATE_ALLBARS){
setCursorLabelName("SMA("+FastMALen+")", 0);
setCursorLabelName("SMA("+SlowMALen+")", 1);
bInit = false;
}
if (!bInit){
xFastMA = sma(FastMALen);
xSlowMA = sma(SlowMALen)
xHigh = high();
xLow = low();
bIsLong = false;
bInit = true;
}
var nLow = xLow.getValue(0);
var nHigh = xHigh.getValue(0);
var nFastMA = xFastMA.getValue(0);
var nFastMA1 = xFastMA.getValue(-1);
var nSlowMA = xSlowMA.getValue(0);
var nSlowMA1 = xSlowMA.getValue(-1);
if(nSlowMA1 == null) return;
if (bIsLong){
if (nHigh > vHighestHigh && (nLow - TrlStop) > vStopPrice) {
vStopPrice = (nLow - TrlStop);
vHighestHigh = nHigh
}
else if (nLow <= vStopPrice){
bIsLong = false;
drawTextRelative(0, AboveBar1, "\u00EA", Color.red, null, Text.PRESET|Text.CENTER, "Wingdings", 10, "Exit"+rawtime(0));
drawText("Suggested Long Exit at "+formatPriceNumber(vStopPrice),BottomRow1,Color.red,Text.LEFT,"Text Exit"+rawtime(0));
}
}
if (nFastMA > nSlowMA && nFastMA1 <= nSlowMA1) {
drawTextRelative(0, BelowBar1, "\u00E9", Color.green, null, Text.PRESET|Text.CENTER, "Wingdings", 10, "Long"+rawtime(0));
drawText("Suggested Long Entry at "+formatPriceNumber(close(0)),TopRow1,Color.green,Text.LEFT,"Text"+rawtime(0));
bIsLong = true;
vStopPrice = (nLow - TrlStop);
vHighestHigh = nHigh;
}
return [nFastMA, nSlowMA];
}
function verify(){
var b = false;
if (getBuildNumber() < 779){
drawTextAbsolute(5, 35, "This study requires version 12.1 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;
}