My buys are based on a rotational asset allocation strategy. But, to protect loss and profits I like having a routine for screening to take action for a pre-mature sell not necessarily triggered by the buy program. Wiki has an interesting combination of a directional indicator (Vortex) that is combined with an ATR as a trailing loss signal.

Is there a descriptive discussion of this code anywhere? I see dotted lines...green, red, or blue. I assume that these lines are related to the atr levels. A buy requires a combination of the directional indicator to be positive and for the price to be above the atr level. A sale would require only a breach of the atr? I would like to know for sure and what specifically is required for either a sell or a buy. Shorting and Covering or part of the code; but this does not interest me.

Unfortunately, my knowledge base does not include c# coding. I have loaded the code but need to have a narrative to really have a sense of what is under the hood.

Last, how would make the atr levels more bold on the chart?using System; and,
how could I remove the shorting/covering in order to clean up the chart?

Thanks!

wiki source:
http://www2.wealth-lab.com/WL5Wiki/TASCJan2010.ashx?HL=vortex

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QUOTE:
how could I remove the shorting/covering in order to clean up the chart?

Obviously, by commenting out the system's AtShort entries.

looking to have the option only long entry and sell when CMO above 50

Have you tried commenting out the short entry, like suggested above?

yes i did. i need help to integrate "sell" when CMO is above 50

Hope this helps to get you started:

1. WealthScript Programming Guide, DataSeries > Accessing a Single Value from a DataSeries. Check out example #2.
2. CMO indicator syntax

that how i comment out the short entry, please advice

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1. Commenting out ShortAtStop = fine.
2. Commenting CoverAtStop/CoverAtTrailingStop - possible but not required (no short entries = no exit signal(s).
3. Now, commenting SellAtStop/SellAtTrailingStop is a mistake. A trade would never be exited, once open.

Thanks, the reason commenting SellAtStop/SellAtTrailingStop i am trying to achieve to "exit" when CMO is above 50, how i should go about that?

Got it.

Re: CMO above 50, see my reply dated 11/22/2010 5:18 AM. I'm deliberately not posting any ready made code example, because 1) it's documented in the guide and 2) it's a very basic scripting skill learning which would only benefit you, there's nothing tricky about it even for newbies (and I couldn't call you a newbie).