When a signal is generated in one indicator, check back on another
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Hi all, I would really appreciate some help on a little issue im having.. I need a “check back ” to confirm if a condition had happened prior to a new signal being generated by a different indicator..
i.e.
Step 1:
When the Stochastic crosses above the oversold line (20),
Step 2:
Check back the Bollinger bands over 20 periods to see if the Price broke below the down band.
Step 3:
Take the trade based on both conditions
Hi @normbeef
DefParam CumulateOrders = False N=20 UnSet($BackCheck) Sto = Stochastic[14,3](close) LowerBB = Average[20](Close) - 2 * Std[20](Close) If Sto Crosses Over 20 then StoCheck = 1 else StoCheck = 0 EndIf If StoCheck = 1 then For i = 0 to N-1 $BackCheck[LastSet($BackCheck)+1] = (LowerBB[i]/Close[i]) If $BackCheck[i] > 1 then Buy 1 contract at Market EndIf Next EndIf If Sto Crosses Under 80 then Sell at Market EndIf
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 07/07/2022 |
| Status: | Active |
| Attachments: | 2 files |
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