Home
    Product
    Support
    Purchase
    Company

Advanced trading software: technical analysis and neural networks

Empowering wise traders

Support Center
Publications
Tradecision FAQs
Improvian Consulting
Contact Support Team
Knowledgebase
Collection of Indicators
Custom Indicators
Custom Studies
TASC Traders' Tips
Active Trader Strategies
Golden Trading Rules
Traderís Quiz

Custom Studies
Name: MAPullback
Description:
Identifies those bars that meet the moving average pullback criteria, invented by Steve Palmquist and described in TASC magazine (April, 2005).

Syntax:

var
RisingCloses := false;
NotBelowPullbackMA := false;
CloseToPullbackMA := false;
end_var

{ is in an uptrend }
RisingCloses := Lowest(Close, 5) > Close\20\;
{ verify stock has not been below the 30ma in last 30 trading sessions }
NotBelowPullbackMA := CountIf( Close < SMA(Close, 30), 30) < 1;
{ look if the stock pulled back to within 1.5% of the 30ma }
CloseToPullbackMA := Close - SMA(Close, 30) < 0.015 * Close;
{ MA pullback setup if uptrend and hasn't been below the 30ma but it has pulled back to within 1.5% of the 30ma }
return RisingCloses and NotBelowPullbackMA and CloseToPullbackMA;



Download to import into Tradecision.

How to use this custom study in Tradecision:
  1. Click Download.
  2. Save this study in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click the Study Builder.
  4. In the Study Builder dialog, click Import, locate the saved file and then click OK. Now you can insert the study directly into a price chart or modify it like any other study.
 
Tradecision Reviews
Video Tours
Ask a question

Site Map   |   Terms of Use   |   Privacy Policy   |   Risk Warning
Forex, equities or futures trading involves substantial risk of loss and is not suitable for all investors.
Copyright © 2001-2017 Alyuda Research, LLC.  All rights reserved