How to write the minimum of Stochastic

This topic has 2 replies, 2 voices, and was last updated 6 years ago by Gianluca.

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12/06/2017 at 9:17 PM #54918

Gianluca

Hi everybody, i would to implement inside a trading sistem a code that can find the bottom of an oscillator like RSI or the Stock, but i don’t know how. As you can see in the photo some times when the indicator cross the like could be too late to start a trade, so i would find a solution someone can help me? i tried to write something like this, but is very rudimental: ////PARAMETRIC1 = RSI[7](close)C2 = RSI[7](Dclose(2))d1 = c2 < 30d2= c1 > 35IF C1 CROSSES OVER 30 and d1 and d2 and not daysForbiddenEntry thenBUY PositionSize CONTRACT AT MARKETENDIF

////PARAMETRI
C1 = RSI[7](close)
C2 = RSI[7](Dclose(2))
d1 = c2 < 30
d2 = c1 > 35
IF C1 CROSSES OVER 30 and d1 and d2 and not daysForbiddenEntry then
   BUY PositionSize CONTRACT AT MARKET
ENDIF

////PARAMETRI

C1 = RSI[7](close)

C2 = RSI[7](Dclose(2))

d1 = c2 < 30

d2 = c1 > 35

IF C1 CROSSES OVER 30 and d1 and d2 and not daysForbiddenEntry then

BUY PositionSize CONTRACT AT MARKET

ENDIF

Gianluca

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12/07/2017 at 1:08 AM #54935

robertogozzi

I moved your post to the English forum. You cannot use a language different from that of the forum you choose.

I also modified the last word of your title Stoc in Stochastic, to make it clearer.

As for your question about highest and lowest values of the Stochastic or Rsi, you can only determine it hit a new minimun/maximum AFTER it’s passed, because whenever it sets a new maximum/minimun how can you foretell the next bar it will not go any higher/lower?

So, to determine the maximun/minimum of an oscillator you have to select the number of past bars you want to scan (10, 20, 30….?) and use HIGHEST/LOWEST to retrieve it. An alternative way is to use FOR…NEXT loops, but you won’t get better results and will slow down execution.

If you need to search documentation and tons of examples about any keyword or topic, you may want to use the search box that opens whenever your mouse hovers your avatar (upper right corner, in the blue menu bar).

Roberto