StockFetcher Forums · General Discussion · Elder Impulse System<< >>Post Follow-up
LuckyPimp
9 posts
msg #53773
Ignore LuckyPimp
8/2/2007 1:18:16 PM

I wanted to see if I could get some help converting (from tradestation) Dr. Elders impulse system over to StockFetcher code. I figure it might be of use to some people here. So calling all tradestation experts.

[LegacyColorValue = true];

inputs:
Price(close),
maLength(13),
FastMA(12),
SlowMA(26),
Signal(9),
displace(0),
DivPlotWidth(2);

variables:
mavg(0);

Value1 = MACD(Close,FastMA,SlowMA);
Value2 = XAverage(Value1, Signal);
value3 = value1-value2;

SetPlotWidth(1, DivPlotWidth);
if Displace >= 0 or CurrentBar > AbsValue( Displace ) then
begin
mavg = XAverage(price,malength);

if mavg > mavg[1] and value3 > value3[1] then
begin
setplotcolor(1,green);
plotpaintbar[displace] (high,low,"impulse");
end
else if mavg < mavg[1] and value3 < value3[1] then
begin
setplotcolor(1,red);
PlotPaintBar[displace]( High, Low, "impulse" ) ;
end
else begin
setplotcolor(1,blue);
PlotPaintBar[displace]( High, Low, "impulse" ) ;
end ;
end;

curmudgeon
103 posts
msg #53794
Ignore curmudgeon
8/3/2007 1:33:14 AM

Does this look about right?

/* Elder.Impulse.Increase */

show stocks where MACD fast line(12,26) is greater than MACD fast line(12,26) 1 day ago
and EMA(13) is greater than EMA(13) 1 day ago

curmudgeon
103 posts
msg #53804
Ignore curmudgeon
8/3/2007 12:26:28 PM

Sorry I missed a calc in there.

/* Elder.Impulse.Increase */

set{value1, MACD Fast Line(12,26)}
set{value2, CEMA(value1, 9)}
set{value3, value1 - value2}

show stocks where value3 is greater than value3 1 day ago
and EMA(13) is greater than EMA(13) 1 day ago

TheRumpledOne
6,407 posts
msg #53861
Ignore TheRumpledOne
modified
8/5/2007 9:06:36 PM

Fetcher[
/* Elder.Impulse.Increase */

set{value1, MACD Fast Line(12,26)}
set{value2, CEMA(value1, 9)}
set{value3, value1 - value2}

add column MACD Fast Line(12,26)
add column CEMA(value1, 9)

value3 > value3 1 day ago
EMA(13) > EMA(13) 1 day ago

close above 20
average volume(90) above 1000000
]



HTH.


jimmyjazz
102 posts
msg #118176
Ignore jimmyjazz
2/12/2014 3:17:45 PM

Sorry for the necro-bump, but this methodology interests me. However, the filter as posted doesn't trap only those stocks which have had a bar go from blue to green (or red to green) on the last trading day. It simply shows all stocks with a (current) green bar.

Since the theory is that one enters a trade long on the switch to a green bar, it's an incomplete filter. Any thoughts on how to improve it as per above?

bert123
53 posts
msg #118180
Ignore bert123
2/12/2014 5:37:25 PM

Add this to your filter:

close one day ago is below close 2 days ago
close is above close one day ago

StockFetcher Forums · General Discussion · Elder Impulse System<< >>Post Follow-up

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