Traders.com

METASTOCK: MARCH 2013

Slawomir Bobrowski’s article in this issue introduces trading with camarilla points. His technique can be replicated in MetaStock using the following formula that draws the lines:

x:= Input("time frame", 1, 50, 15);
new:=Mod(Cum(1),x) = 0;
yh:=ValueWhen(1,new, Ref(HighestSince(1,new,H),-1));
yl:=ValueWhen(1,new, Ref(LowestSince(1,new,L),-1));
yc:=ValueWhen(1,new, Ref(C,-1));
r:=yh-yl;
r1:= yc+r*1.1/12;
s1:= yc-r*1.1/12;
r2:= yc+r*1.1/6;
s2:= yc-r*1.1/6;
r3:= yc+r*1.1/4;
s3:= yc-r*1.1/4;
r4:= yc+r*1.1/2;
s4:= yc-r*1.1/2;
r5:= yc*(yh/If(yl<=0,yc,yl));
s5:= yc-(r5-yc);
r5;
r4;
r3;
r2;
r1;
s1;
s2;
s3;
s4;
s5;

—William Golson, MetaStock Technical Support
Thomson Reuters
www.metastock.com