Market Thermometer

   Thank you  Blackdog for your quick response. This was exactly what I 
was looking for, although the full use of its implementation still needs to
be looked into. At least now I can examine it in more detail even though
it is just another momentum measurement.
My coding years seem to be much too far in the past and need a lot more work.

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lmbull Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 08 Dec 2006 Posts: 11	Post Options Post Reply Quote lmbull Report Post Quote Reply Topic: Market Thermometer Posted: 23 Oct 2007 at 1:47am
	Thank you Blackdog for your quick response. This was exactly what I was looking for, although the full use of its implementation still needs to be looked into. At least now I can examine it in more detail even though it is just another momentum measurement. My coding years seem to be much too far in the past and need a lot more work.

blackdog Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 14 Nov 2006 Location: Vatican City State Posts: 43	Post Options Post Reply Quote blackdog Report Post Quote Reply Posted: 22 Oct 2007 at 6:59pm
	Imbull, You can only set a varable once in BC. So you have to code it the long way. I had a bit of a play with it and here is some coding for you to start with. [description="the safety in the market Thermometer. It is just a momentum indicator giving a value from -5 to +5. If todays close > yesterdays close -> temp +2 else if less then -2. If todays close > todays open -> temp +2 else if less then -2, If todays range is > yesterdays close -> +1 else if less then -1"] [target=Ribbon; category=zzz] CgtC:=loadSymbol("XAO",C)>hist(loadSymbol("XAO",C),1);{todays close > yesterdays close} CgtO:=loadSymbol("XAO",C)>loadSymbol("XAO",O); {todays close > todays open} RgtC:=loadSymbol("XAO",H)>hist(loadSymbol("XAO",C),1); {todays range is > yesterdays close} Therm:= if(CgtC and CgtO and RgtC,5, if(CgtC and CgtO {and not RgtC}, 3, if(CgtC {and not CgtO} and RgtC, 1, if({not CgtC and }CgtO and RgtC, 1, if(CgtC {and not CgtO and not RgtC}, -1, if({not CgtC and} CgtO {and not RgtC}, -1, if({not CgtC and not CgtO and} RgtC, -3,-5))))))); [color=Dark green; name=+5] [fillstyle=solid] Therm= 5; [color=light green; name=+3] [fillstyle=solid] Therm = 3; [color=light green; name=+1] [fillstyle=narrow vertical] Therm = 1; [color=pink; name=-1] [fillstyle=narrow vertical] Therm = -1; [color=pink; name=-3] [fillstyle=solid] Therm = -3; [color=red; name=-5] [fillstyle=solid] Therm= -5; [color=White]

lmbull Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 08 Dec 2006 Posts: 11	Post Options Post Reply Quote lmbull Report Post Quote Reply Posted: 22 Oct 2007 at 2:27pm
	I was wondering if anyone has looked at the safety in the market Thermometer.It is just a momentum indicator giving a value from -5 to +5. If todays close > yesterdays close -> temp +2 else if less then -2. If todays close > todays open -> temp +2 else if less then -2, If todays range is > yesterdays close -> +1 else if less then -1 As simple as this seems i am still having trouble adding the +2 etc to a value such as temp and then having the result come up in a ribbon with a string of nuumbers.