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Q: Can what is written in Trade Station ex (paint bars, show me the true range for the last 10 days followed by a day where true range was equal to 115% ) be written in Ensign's design your own study? The reason I ask is I am considering putting out a lot of money on a course where all the strategies are written in Trade Station....I was with Trade Station prior to using Ensign and I much prefer Ensign.
Does Ensign have a department where I could have things written or even maybe a class where I may learn on how to write in design your own language? A: 
The DYO is powerful. Line A calculates the average true range for the prior 10 bars. Current bar is not included by setting the Bar Offset on Line A to a minus one. Line B gets the current bar's True Range and scales it by 1 / 1.15 = 0.8696 so the test will meet your requirement to exceed 115% of the Ave True Range. Results of Line A and B are stored in global variables [1] and [2], and these are used as the test on Line C. Line C reads as Value the contents of GV [2], and compares it to the contents of GV [1]. When the test is True, the bar is colored purple using the color bar Marker.
We have DYO examples on the Help page of our web site, and hundreds of questions and answers about DYO construction in the Q&A Knowledgebase. This article will be added to the Knowledgebase. We also have a few movies about DYO examples on the Video page of our web site.
Last modified 1/29/08 11:37 AM |