How to Retrace?

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  • #195911 Report

    can anyone help me out here….

    I want to add to my code that the entry should not be on the open of the next bar according to the following code but only after the opening and after the price has retraced x number of points.
    How would I do this for a long /and short)?

    >IF (c1 AND c2) AND not daysForbiddenEntry THEN
    BUY 1 CONTRACT AT MARKET
    ENDIF

    thankyou!

    #196073 Report
    JS

    Hi @deltasystem

    You can use:

    HighRetracement = High – Close

    LowRetracement = Close – Low

     

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