sevensa

I am no expert, but aren't comments like... "Scrunch up any chart of the dollar past a few weeks and it is obvious that the market is going down so we should be selling the dollar."... normally a good sign that the move is over? Like in 1999/2000 when it was obvious that internet stocks are going up and never looking back. I think I read somewhere that the market's "job" is to prove our opinions wrong. With that being said, I have no opinion on the dollar and I am not trading it. Just purely my observation on what is said and I wish you best of luck with your short trade. Regards - FS

Here is the code: inputs: AvgLength( 14 ), UpVolAlertPct( 5 ), DnVolAlertPct( -5 ), ColorNormLength( 14 ), UpColor( Yellow ), DnColor( Cyan ) ; variables: var0( 0 ), var1( 0 ), var2( 0 ), var3( 0 ) ; if BarType <= 1 then begin var0 = UpTicks + DownTicks ; if var0 > 0 then var1 = 100 * ( UpTicks - DownTicks ) / var0 else var1 = 0 ; var2 = XAverage( var1, AvgLength ) ; Plot1( var2, "VolRatioAvg" ) ; Plot2( 0, "ZeroLine" ) ; condition1 = UpColor >= 0 and DnColor >= 0 ; if condition1 then begin var3 = NormGradientColor( var2, true, ColorNormLength, UpColor, DnColor ) ; SetPlotColor( 1, var3 ) ; end ; condition1 = var2 crosses over UpVolAlertPct ; if condition1 then Alert( "UpVol alert" ) else begin condition1 = var2 crosses under DnVolAlertPct ; if condition1 then Alert( "DnVol alert" ) ; end; end ;

Ok, this makes sense. Thank you for the quick response. - Fanus

Hi All I am trying to plot a simple Relative Strength indicator in EL. When I plot RSVal based on the following code: if c/closed(1)>(c of data2/(closed(1) of data2))then RSVal=1; if c/closed(1)<(c of data2/(closed(1) of data2))then RSVal=-1; I get different results than when I plot if based on the following code: if c/close[1]>(c of data2/(close[1] of data2))then RSVal=1; if c/close[1]<(c of data2/(close[1] of data2))then RSVal=-1; I thought that closed(1) and close[1] would be the same? I guess not? Can someone please tell me what the differences are? Regards - Fanus