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Mov Avg - Supp/Res

Article/Author: "Simple Moving Average with Resistance & Support", Dennis L. Tilley, S&C Magazine, Traders Tips, 09/1998

Download: Mov Avg - S-R STR.ela

File Includes:
Signal - Mov Avg - Supp/Res

Category: Strategy > Mov Avg - Supp/Res

Inputs:
Price
Length
F

Description:

Signal Mov Avg - Supp/Res ELA Code:
INPUTS: PRICE(CLOSE), LENGTH(10), F(8);

VARS: AVGVAL(0), S(0), R(0), SC(0), RC(0);

AVGVAL = AVERAGE(PRICE, LENGTH);
RC = RC + 1;
SC = SC + 1;

IF CURRENTBAR > 1 THEN BEGIN
IF CLOSE CROSSES BELOW AVGVAL AND CLOSE > S* (1+(F/100)) AND R <> 0 THEN BEGIN
SELL NEXT BAR AT MARKET;
S = LOW;
SC = 0;
END
ELSE BEGIN
IF CLOSE CROSSES BELOW S AND R <> 0 THEN BEGIN
SELL NEXT BAR AT MARKET;
S = LOW;
SC = 0;
END;
END;

IF CLOSE CROSSES ABOVE AVGVAL AND CLOSE < R / (1+(F/100)) AND S <> 0 THEN BEGIN
BUY NEXT BAR AT MARKET;
R = HIGH;
RC = 0;
END
ELSE BEGIN
IF CLOSE CROSSES ABOVE R AND S <> 0 THEN BEGIN
BUY NEXT BAR AT MARKET;
R = HIGH;
RC = 0;
END;
END;

IF CLOSE > AVGVAL THEN BEGIN
IF HIGH >= R THEN BEGIN
R = HIGH;
RC = 0;
END;
END;

IF CLOSE < AVGVAL THEN BEGIN
IF LOW <= S OR S = -1 THEN BEGIN
S = LOW;
SC = 0;
END;
END;
END;