Have to make two indicators name WRO and WSO as below.
Any improvements to the below formulas like removing the Prev functions etc.
would be appreciated.
{WRO}
R1:=If(Ref(HIGH,-4)=HHV(HIGH,9),Ref(HIGH,-4),PREVIOUS);
R2:=If(R1=Ref(R1,-1),PREVIOUS,Ref(R1,-1));
R3:=If(R1=Ref(R1,-1),PREVIOUS,Ref(R2,-1));
R4:=If(R1=Ref(R1,-1),PREVIOUS,Ref(R3,-1));
R5:=If(R1=Ref(R1,-1),PREVIOUS,Ref(R4,-1));
R6:=If(R1=Ref(R1,-1),PREVIOUS,Ref(R5,-1));
WRO:=100*(1-(Int(R1/CLOSE) + Int(R2/CLOSE) +
Int(R3/CLOSE) + Int(R4/CLOSE) +
Int(R5/CLOSE) + Int(R6/CLOSE))/6);
WRO;
{WSO}
S1:=If(Ref(LOW,-4)=LLV(LOW,9),Ref(LOW,-4),PREVIOUS);
S2:=If(S1=Ref(S1,-1),PREVIOUS,Ref(S1,-1));
S3:=If(S1=Ref(S1,-1),PREVIOUS,Ref(S2,-1));
S4:=If(S1=Ref(S1,-1),PREVIOUS,Ref(S3,-1));
S5:=If(S1=Ref(S1,-1),PREVIOUS,Ref(S4,-1));
S6:=If(S1=Ref(S1,-1),PREVIOUS,Ref(S5,-1));
WSO:=100*(1 - (Int(S1/CLOSE) + Int(S2/CLOSE) +
Int(S3/CLOSE) + Int(S4/CLOSE) +
Int(S5/CLOSE) + Int(S6/CLOSE))/6);
WSO ;
Long Entry:
Fml("WSO") >Mov(Fml("WSO"),4,S) OR Mov( Fml("C_WRO"),30,S)>95;
Long Exit:
No Exit formula.
Breakeven stop:
Floor level at 2%
Trailing stop:
Profit risk of 10 Percent, ignoring 10 periods
Maximum loss stop: Maximum loss of 7%.
Mov(Fml("WRO"),4,E);Mov(Mov(Fml("WRO"),4,E),4,E);
Mov(Fml("WSO"),30,E);Mov(Mov(Fml("WSO"),30,E),30,E);
