Hi,
I am a new member at this great community although I already engage myself in coding PRT setups since about 2 years. Up to now I always got ahead by reading the good manuals and researching into this forum.
But currently I am following an idea which I cannot code offhanded by myself anymore. I rather have doupts if it is possible to develop my setup in PRT at all.
So here’s my Idea for the long setup, mainly dedicated to indices:
A sloping Trendline has to be identified by touching three highest highs of different time periodes (for instance 40, 20, 5) within a tolerance range of a few points. If it would be possible to save every barindex and every high of these three candles it would also be possible to describe this line as a linear graph with the basic function y=mx+b inside cartesian coordinates (x=time; y=price).
A breakout could be identified by setting a stop buy order a few points above the trendline. The price level of the order is defined by calculating the intersection point of the sloping line and a vertical line on current time level.
My major issue is: How can I resort to time and price of the three needed highest highs? The rest is already coded in my mind 😉
Can anybody give me a first approach for such an entry setup?
I hope I explained understandable. If not please feel free to come back to me anytime.
Many thanks in advance for your support.
Kjell
.
