When a signal is generated in one indicator, check back on another

• 07/07/2022 at 11:39 AM #196963
  normbeef

  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

  

  normbeef

  Participant

  Topics: 2

  Replies: 1

  Been thanked: 1 time
  07/08/2022 at 9:35 PM #197025
  JS

  Hi @normbeef

  BackCheck

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

  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

  

  JS

  Participant

  Topics: 22

  Replies: 1423

  Been thanked: 557 times
  07/09/2022 at 10:21 AM #197046
  robertogozzi

  Try this version:

  DefParam CumulateOrders = False N=20 Sto = Stochastic[14,3](close) LowerBB = Average[20](Close) - 2 * Std[20](Close) If Sto Crosses Over 20 then StoCheck = 1 EndIf IF OnMarket THEN StoCheck = 0 ENDIF If StoCheck = 1 then BBcheck = 0 IF Summation[N](close < LowerBB) THEN BBcheck = 1 EndIf ENDIF If StoCheck AND BBcheck AND Not OnMarket then BUY 1 Contract at Market EndIf set target pprofit 600 set stop ploss 200

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

  DefParam CumulateOrders = False N=20 Sto = Stochastic[14,3](close) LowerBB = Average[20](Close) - 2 * Std[20](Close) If Sto Crosses Over 20 then    StoCheck = 1 EndIf   IF OnMarket THEN    StoCheck = 0 ENDIF If StoCheck = 1 then    BBcheck = 0    IF Summation[N](close < LowerBB) THEN       BBcheck = 1    EndIf ENDIF If StoCheck AND BBcheck AND Not OnMarket then    BUY 1 Contract at Market EndIf set target pprofit 600 set stop   ploss   200

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16468

  Been thanked: 3641 times
• Author
  Posts