// Downloaded From https://www.WiseStockTrader.com _SECTION_BEGIN("Price"); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); _SECTION_END(); TimeFrameSet( in5Minute ); // switch to 5 minute frame /* MA now operates on 5 minute data, ma5_13 holds time-compressed 13 bar MA of 5min bars */ //ma5_13 = MA( C, 13 ); TimeFrameRestore(); // restore time frame to original TimeFrameSet( inHourly ); // switch now to hourly mah_9 = EMA( C, 9 ); // 9 bar moving average from hourly data TimeFrameRestore(); // restore time frame to original TimeFrameRestore(); // restore time frame to original //TimeFrameSet( inDaily ); // switch now to hourly Plot( Close, "Price", colorWhite, styleCandle ); // plot expanded average //Plot( TimeFrameExpand( ma5_13, in5Minute), "13 bar moving average from 5 min bars", colorRed ); Plot( TimeFrameExpand( mah_9, inHourly), "9 bar moving average from hourly bars", colorBlue ); Plot( TimeFrameExpand( mah_9, inDaily), "9 bar moving average from daily bars", colorGreen ); cond1 = Close > Ref( Close, -1 ); Cond2 = High < Ref( High, -1 ) AND Low > Ref( Low, -1 ); Cond3 = Close < Ref( Close, -1 ); SetTradeDelays( 1, 1, 1, 1 ); Buy = Cond1 AND Ref( Cond2, -1 ) AND Ref( Cond1, -2 ); BuyPrice = Open; Short = Cond3 AND Ref( Cond2, -1 ) AND Ref( Cond3, -2 ); ShortPrice = Open; Sell = Cover = False; // exits only by stops // profit target being higher than loss gives better result // than proposed in article equal to 0.75% Target = 6.5; Loss = 0.75; // 0.75% max loss stop; SetOption("InitialEquity", 30000 ); ApplyStop( stopTypeLoss, stopModePercent, Loss, True ); ApplyStop( stopTypeProfit, stopModePercent, Target, True ); SetOption("ActivateStopsImmediately", False ); // activate stops next bar SetPositionSize( 1, spsShares ); PointValue = 1000; // big point value NYMEX CL MarginDeposit = 5063; // overnight margin NYMEX CL