MOVING AVERAGE COMBINED WITH LEVELS

MOVING AVERAGE COMBINED WITH LEVELS

Type: System, Name: Mov Avg—Supp/Res

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;

 

MOVING AVERAGE COMBINED WITH LEVELS

 

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