Frank Birch Veteran   Posts: 171 Joined: 3/25/2006 Location: UK  User Profile | I found some free time so thought why not because i can and code the 2HL+pattern in the December issue of Stocks and Comms. I read the article then re read it to make sure of the understanding and yes in my eyes its viable on all time frames. I spent an hour with it on the US big 9 futures on a 60 minute time frame and turned up very profitable. so ive done a detailed report who doesn't get the Magazine and to download. save to the omni language systems folder then open omni language to then compile please. Here's a detailed explanation of the code: #System ' Main system logic If C[1] > C[2] And C[2] > C[3] And O > C[1] Then ' If the conditions for a long signal are met, generate a long signal Signal = LongSignal ElseIf C[1] < C[2] And C[2] < C[3] And O < C[1] Then ' If the conditions for a short signal are met, generate a short signal Signal = ShortSignal End If C[1], C[2], and C[3] refer to the closing prices of a stock for three consecutive time periods, with C[1] being the most recent and C[3] being the oldest. O refers to the opening price of the stock for the most recent period. The code can be broken down into two main conditional checks: Long Signal Condition: This part checks whether there is an upward trend in the closing prices over the last three periods (C[1] > C[2] And C[2] > C[3]). Additionally, it checks if the most recent opening price (O) is greater than the most recent closing price (C[1]). This could indicate a gap up or strong opening, which might be interpreted as a bullish signal. If both these conditions are met, it sets Signal to LongSignal, indicating that it might be a good opportunity to buy or go long on the stock. Short Signal Condition: This part is the opposite of the long signal condition. It checks for a downward trend in the closing prices (C[1] < C[2] And C[2] < C[3]). It also checks if the most recent opening price (O) is less than the most recent closing price (C[1]). This could be indicative of a gap down or weak opening, which might be interpreted as a bearish signal. If these conditions are satisfied, it sets Signal to ShortSignal, suggesting that it might be a good opportunity to sell or go short on the stock. Regards Frank Birch  Attached file : The2HLplusPattern.txt (0KB - 105 downloads) |
