control number of bearish candles for a pullback??

Ha · Fri, 29 Jan 2021 10:53:46 +0000

Hi, How do you code a pullback that you limit a number of bearish candles? I looked in the library but can’t find anything I could modify… Say, I look for stocks to trend above 20EMA then pulls back. Here, I want at least two red candles down but no more than five. And how can I identify that swing high? I’d like to enter when this pullback breaks that swing high. Thank you.

This topic has 1 reply, 2 voices, and was last updated 3 years ago by robertogozzi.

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01/29/2021 at 11:53 AM #159793

Ha

Hi,

How do you code a pullback that you limit a number of bearish candles? I looked in the library but can’t find anything I could modify…

Say, I look for stocks to trend above 20EMA then pulls back. Here, I want at least two red candles down but no more than five.

And how can I identify that swing high? I’d like to enter when this pullback breaks that swing high.

Thank you.

Ha
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01/29/2021 at 12:03 PM #159798

robertogozzi

There you go:

Bearish = close < open c1 = summation[5](Bearish) c2 = summation[6](Bearish) Cond = (c1 >= 2) AND (c2 = c1)

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Bearish = close < open
c1      = summation[5](Bearish)
c2      = summation[6](Bearish)
Cond    = (c1 >= 2) AND (c2 = c1)

Cond, if true, grants that there have been at least 2 bearish candle, but not more than 5.

robertogozzi
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