please explain this line of code with summation instruction

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  • 02/27/2021 at 5:07 PM #162722 quote
    nonetheless
    Participant
    Master

    I came across this in someone else’s strategy and, apart from it being an exit code, I don’t entirely understand what it’s doing.

    Most grateful for an explanation in plain language.

    IF LONGONMARKET AND summation[35](close < close[6]) = 35 THEN
SELL AT MARKET
ENDIF
    02/27/2021 at 5:16 PM #162723 quote
    JC_Bywan
    Moderator
    Master

    Hi,

    It checks to be true that close was lower than close[6] during each of the last 35 occurences, it saves you from writing the much longer equivalent condition “close<close[6] and close[1]<close[7] and close[2]<close[8] and … and close[34]<close[40]”

    nonetheless thanked this post
    02/27/2021 at 5:26 PM #162724 quote
    nonetheless
    Participant
    Master

    Alright, so it’s basically defining the length of a down trend and at what point it will quit.

    Could be useful, thanks for the explanation.

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please explain this line of code with summation instruction


ProOrder: Automated Strategies & Backtesting

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Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/27/2021
Status: Active
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