Sell after a sharp rise

• 11/03/2017 at 12:25 AM #51364
  Mansoor

  Hi. What code would you use to sell after the price has gone up sharply (out of ordinary) and is about to retrace? I use If Close – Close[n] > X but I wonder what other people use.

  

  Mansoor

  Participant

  Topics: 31

  Replies: 39

  Been thanked: 1 time
  11/03/2017 at 4:25 AM #51368
  robertogozzi

  Yes, you will have to compare “n” candles’ closing/highest/lowest prices or ranges, i.e.:

  // n = number of lookback candles // PipLimit = number of pips to be considered as a sudden surge // // check CLOSING prices IF (close - close[n]) * pipsize > PipLimit THEN //check if BULLish surge of at least ... pips IF (close[n] - close) * pipsize > PipLimit THEN //check if BEARish surge of at least ... pips // or chech HIGHs/LOWs IF (high - high[n]) * pipsize > PipLimit THEN //check if BULLish surge of at least ... pips IF (low[n] - low) * pipsize > PipLimit THEN //check if BEARish surge of at least ... pips // or check RANGEs IF (range - range[n]) * pipsize > PipLimit THEN //check if BULLish surge of at least ... pips IF (range[n] - range) * pipsize > PipLimit THEN //check if BEARish surge of at least ... pips

  1 2 3 4 5 6 7 8 9 10 11 12

  // n        = number of lookback candles // PipLimit = number of pips to be considered as a sudden surge // //     check CLOSING prices IF (close - close[n]) * pipsize > PipLimit  THEN //check if BULLish surge of at least ... pips IF (close[n] - close) * pipsize > PipLimit  THEN //check if BEARish surge of at least ... pips //     or chech HIGHs/LOWs IF (high - high[n])   * pipsize > PipLimit  THEN //check if BULLish surge of at least ... pips IF (low[n] - low)     * pipsize > PipLimit  THEN //check if BEARish surge of at least ... pips //     or check RANGEs IF (range - range[n]) * pipsize > PipLimit  THEN //check if BULLish surge of at least ... pips IF (range[n] - range) * pipsize > PipLimit  THEN //check if BEARish surge of at least ... pips

  Everyone has his own way of measuring a spike, there’s no guarantee that one of them is the best.

  Roberto

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17746

  Been thanked: 4406 times
• Author
  Posts