GetXTLStudy

Creates object, which allows to get values of indicator Advanced GET XTL in EFS scripts. The XTL (eXpert Trend Locator) is a proprietary study Tom Joseph developed that uses a statistical evaluation of the market that can tell the difference between random market swings (noise) and directed market swings (trends).

GetXTLStudy( nLength )

Parameter:

Description:

Default:

nLength

The number of bars used to calculate the XTL.

n/a

Syntax:

Returned value:

GetXTLStudy.XTL

Return values: 0 = Down Trend, 1 = Up Trend, 2 = Neutral

Only available in versions 7.9 or later.

Advanced GET XTL Indicator:

var fpArray = new Array();function preMain(){ askForInput(); setDefaultBarFgColor(Color.grey,0); setStudyTitle("AGET XTL"); setCursorLabelName("XTL",0); setPriceStudy(true); setColorPriceBars(true); setShowSeries(false,0); var x=0; fpArray[x] = new FunctionParameter("nPeriod", FunctionParameter.NUMBER); with(fpArray[x++]) { setName("Length"); setLowerLimit(1); setDefault(35); } fpArray[x] = new FunctionParameter("gColorUp", FunctionParameter.COLOR); with(fpArray[x++]) { setName("Up Color"); setDefault(Color.blue); } fpArray[x] = new FunctionParameter("gColorDn", FunctionParameter.COLOR); with(fpArray[x++]) { setName("Down Color"); setDefault(Color.red); } fpArray[x] = new FunctionParameter("gColorNt", FunctionParameter.COLOR); with(fpArray[x++]) { setName("Neutral Color"); setDefault(Color.grey); } }var vXTL = null;function main( nPeriod, gColorUp, gColorDn, gColorNt ) { if (vXTL == null) vXTL = new GetXTLStudy(nPeriod); var valXTL = vXTL.getValue(GetXTLStudy.XTL); if (valXTL == 1) setPriceBarColor(gColorUp) else if (valXTL == 2) setPriceBarColor(gColorNt) else {valXTL=0; setPriceBarColor(gColorDn)}; return valXTL.toFixed(0);}

Advanced GET Studies