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min1 = MIN(dhigh(0),dhigh(1)) min2 = MIN(dhigh(1),dhigh(2)) |
This code above finds the lowest value from the daily high’s, today, yesterday and day before
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tcxLong = high < MIN(min1,min2) |
This code above checks that the high of the i.e. 10min bar is lower than the lowest value from first code.
My reasoning for this long criteria, is that a previous daily high’s are a selling level, a resistance.
So, if the current high is below that, it has generally speaking a bit of room to increase and therefore also has more chances to make a profit.
