Momentum and Trend Strategies

   Paint bars according to agreement of Momentum and RSI.
shows pivot highs and lows in the direction of the trend.
IB = inside bar, another method of entry into a trend. 

[description="Trading in the direction of Momentum, Max"]

[target=price]

period := input("RSI period",21,1);

RS := RSI(C,period);

n := input("MOM period",10,1);

MOM:=100*(ma((C-Ref(LLV(C,n),-n)),5,E) / ma((HHV(C,n)-LLV(C,n)),5,E));

method := inputma("Method",S);

[linestyle=pricecolor]

[color=lime green]

If(MOM > 0 and RS > 50,1,0);

[color=indian red]

If(MOM < 0 and RS < 50,1,0);

[color=black]

If(MOM < 0 and RS > 50,1,0);

If(MOM > 0 and RS < 50,1,0);

[linestyle=solid; color=lawn green; width=2]

ma(C,period,method);

{ inside day }
insidebar:=if(H<hist(H,1) and L>hist(L,1),1,0); 

MAup:=ma(C,period,S)>hist(ma(C,period,S),2)

[linestyle=marker; marker=type1; name=IB]

if(MOM > 0 and RS > 50 and inside and MAup,1,0);

[linestyle=marker; marker=type2; name=IB]

if(MOM < 0 and RS < 50 and inside and not MAup,1,0);

{ Pivot highs }
[linestyle=points; color=blue; width=2]

PHl:=if(ref(MAup,1) and ref(H,1)>H and ref(H,1)>ref(H,2),H*1.003,undefined);

PHi:=if(MAup and H>ref(H,-1) and ref(H,1)<H,H*1.003,undefined);

PHiR:=if(ref(PHi,-1),H*1.003,undefined);

PHi;
{ Pivot lows }
[color=red]

PLl:=if(not ref(MAup,1) and ref(L,1)<L and ref(L,1)<ref(L,2),L*0.997,undefined);

PLo:=if(not MAup and L<ref(L,-1) and ref(L,1)>L,L*0.997,undefined);

PLoR:=if(ref(PLo,-1),L*0.997,undefined);

PLo;
[drawundefined=gap]

[linestyle=solid; color=blue; width=1]

if(PHl,PHl,if(PHi,PHi,if(PHiR,PHiR,undefined)));

[color=red]

if(PLl,PLl,if(PLo,PLo,if(PLoR,PLoR,undefined)));

Edited by maximo - 15 Oct 2009 at 6:25pm

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maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Topic: Momentum and Trend Strategies Posted: 13 Oct 2009 at 5:33am
	Paint bars according to agreement of Momentum and RSI. shows pivot highs and lows in the direction of the trend. IB = inside bar, another method of entry into a trend. [description="Trading in the direction of Momentum, Max"] [target=price] period := input("RSI period",21,1); RS := RSI(C,period); n := input("MOM period",10,1); MOM:=100(ma((C-Ref(LLV(C,n),-n)),5,E) / ma((HHV(C,n)-LLV(C,n)),5,E)); method := inputma("Method",S); [linestyle=pricecolor] [color=lime green] If(MOM > 0 and RS > 50,1,0); [color=indian red] If(MOM < 0 and RS < 50,1,0); [color=black] If(MOM < 0 and RS > 50,1,0); If(MOM > 0 and RS < 50,1,0); [linestyle=solid; color=lawn green; width=2] ma(C,period,method); { inside day } insidebar:=if(H<hist(H,1) and L>hist(L,1),1,0); MAup:=ma(C,period,S)>hist(ma(C,period,S),2) [linestyle=marker; marker=type1; name=IB] if(MOM > 0 and RS > 50 and inside and MAup,1,0); [linestyle=marker; marker=type2; name=IB] if(MOM < 0 and RS < 50 and inside and not MAup,1,0); { Pivot highs } [linestyle=points; color=blue; width=2] PHl:=if(ref(MAup,1) and ref(H,1)>H and ref(H,1)>ref(H,2),H1.003,undefined); PHi:=if(MAup and H>ref(H,-1) and ref(H,1)<H,H1.003,undefined); PHiR:=if(ref(PHi,-1),H1.003,undefined); PHi; { Pivot lows } [color=red] PLl:=if(not ref(MAup,1) and ref(L,1)<L and ref(L,1)<ref(L,2),L0.997,undefined); PLo:=if(not MAup and L<ref(L,-1) and ref(L,1)>L,L0.997,undefined); PLoR:=if(ref(PLo,-1),L*0.997,undefined); PLo; [drawundefined=gap] [linestyle=solid; color=blue; width=1] if(PHl,PHl,if(PHi,PHi,if(PHiR,PHiR,undefined))); [color=red] if(PLl,PLl,if(PLo,PLo,if(PLoR,PLoR,undefined))); Edited by maximo - 15 Oct 2009 at 6:25pm

magpie Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 12 Feb 2009 Posts: 7	Post Options Post Reply Quote magpie Report Post Quote Reply Posted: 18 Oct 2009 at 11:16am
	Hi Maximo, Many thanks for your excellent posts-appreciated! I decided to place your Mom.trend into my custom bar,however the price bar colours revert to black after one 'useage.Any thoughts?

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 18 Oct 2009 at 2:44pm
	The only answer I have to that is to click on the DEFault template or any other template. That reverts the colors. Edited by maximo - 18 Oct 2009 at 2:46pm