How to code a change of the "ribbon"

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  • 05/08/2019 at 2:13 PM #97962 quote
    AlgoAlex
    Participant
    Master

    Given a number of moving averages with different periods, I would like to code the first moment when they are arranged by order, for example:

    ma1=Average[1]
ma2=Average[2]
ma3=Average[3]
ma4=Average[4]

ma1>ma2>ma3>ma4

    and that only candle to use as an entry signal.

    Hope I have been clear.

     

    Thanks anybody

     

    Alex

    05/08/2019 at 2:25 PM #97964 quote
    robertogozzi
    Moderator
    Master
    ma1=Average[1]
ma2=Average[2]
ma3=Average[3]
ma4=Average[4]
x = ma1 > ma2 AND ma2 > ma3 AND ma3 > ma4
return x

    So.

    • x > x[1]    will tell you the first bar when they are in order
    • x < x[1]    will tell you the first bar when they are no more in order
    • x <> x[1] will tell you whenever there’s been a change from order to disorder and viceversa
    AlgoAlex thanked this post
    05/08/2019 at 2:53 PM #97967 quote
    AlgoAlex
    Participant
    Master
    robertogozzi wrote:

    So.

    • x > x[1] will tell you the first bar when they are in order
    • x < x[1] will tell you the first bar when they are no more in order
    • x <> x[1] will tell you whenever there’s been a change from order to disorder and viceversa

    So, if I would code an entry, it would be like:

    slope=x-x[1]

if slope crosses over 0 then
buy at market

    Am I right?

    05/08/2019 at 4:27 PM #97982 quote
    robertogozzi
    Moderator
    Master

    Yes, sure.

    You may also add GRAPH to your code to watch desired values as they change candle after candle.

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How to code a change of the "ribbon"


ProBuilder: Indicators & Custom Tools

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AlgoAlex @alexf Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
6 years, 9 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 05/08/2019
Status: Active
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