Another Coding Question

I think its obvious what I'm trying to do here, but i can't get it compiled...could you please give me a hand? Its old Easy Language...

If Open next bar > high this
bar or open of next bar < low of
this bar then buy next bar at
close of this bar + range
of the bar on stop;

if open of next bar < low of this bar
or open of next bar > high of this bar then
sellshort next bar at close of this bar - Range
of this bar stop;

exit long next bar at market
exit short next bar at market

try this:

Cheers for that....is there anything in particular that i need to be looking out for when copying old EL to PowerLanguage?

Cheers,


CanOz

PowerLanguage is about 99% the same as Easylanguage, you shouldn't have much trouble..
I always check the "View" output" in the PowerEditor page, when I get stuck- it tells what the error is and you can usually figure out how to correct it from there.
I used Easylanguage for 15 years or so, before coming to PowerLanguage and I rarely run into anything much different. (I'm not a pro programmer)..
Another way to learn, is to open some of the studies in the PowerEditor and see how they are coded.
* Old EL studies can be imported directly into the PowerEditor and will usually do the conversion for you.

Thanks SP trader.

I'm working my way through the learning curve now.

I coded up a 'popgun' style pattern as a show me study and found two patterns like this one. They don't occur all the often on a 15 minute chart of the DAX but i would like to test it out on more data.

Can someone suggest the best way to code this pattern? Its basically an inside bar/candle followed by an outside bar, but the key is that its a reversal, the inside bar must be close to a doji or at least a spinning top, with a narrow range. Then the next bar attempts to break higher but then reverses. Also, both instances saw the volume of the last bar nearly double that of the inside bar.

Please see the attached screenshot.

Thanks,


CanOz

Thanks SP trader.

I'm working my way through the learning curve now.

I coded up a 'popgun' style pattern as a show me study and found two patterns like this one. They don't occur all the often on a 15 minute chart of the DAX but i would like to test it out on more data.

Can someone suggest the best way to code this pattern? Its basically an inside bar/candle followed by an outside bar, but the key is that its a reversal, the inside bar must be close to a doji or at least a spinning top, with a narrow range. Then the next bar attempts to break higher but then reverses. Also, both instances saw the volume of the last bar nearly double that of the inside bar.

Please see the attached screenshot.

Thanks,


CanOz

the best way to start coding:

1. write out your thoughts one line at a time
2. write out the analysis one line at a time

ie. do not write a paragraph;
write your thoughts in sentences,
one sentence at a time,
and one line per sentence.

think like a computer -- the computer reads your code (your thoughts) one line at a time.
act like a computer -- the computer executes your code (your instructions) one line at a time.

be as descriptive as you can,
write out all the characteristics in detail.
Hint: What you have written above is NOT detail enough.
You can easily add another 5~6 attributes to the pattern.

Thanks TJ.

QUESTION...what is the proper way to code a daily gap up if the daily chart is data2? I can code it when the daily chart is data1, but for my study and strat I need data1 to be a 1 minute chart of the index for the entry and the daily chart to be the first condition, the gap up. In this case the gap up is the open of this bar being greater than the high of the previous day.

Thanks again for the help.

CanOz

Thanks TJ.

QUESTION...what is the proper way to code a daily gap up if the daily chart is data2? I can code it when the daily chart is data1, but for my study and strat I need data1 to be a 1 minute chart of the index for the entry and the daily chart to be the first condition, the gap up. In this case the gap up is the open of this bar being greater than the high of the previous day.

Thanks again for the help.

CanOz

First step would be to read my post again...

...The best way to start coding:

1. write out your thoughts one line at a time
2. write out the analysis one line at a time

ie. do not write a paragraph;
write your thoughts in sentences,
one sentence at a time,
and one line per sentence...

ps. see first post format as example