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Hello,
I want to follow a buy signal only when it's confirmed by the price
rising above the High of the bar when the signal was originally
given. So e.g. bar #1 my buying conditions are met, but I don't buy
yet, during bar# 2 the price remains under #1's High, I don't buy;
during bar #3 the price rises above #1's High: I buy at that price.
(Effectively I never buy on bar #1)
(Aka "extreme point rule")
So I have something like:
Buy = Cond1 AND Cond2 (etc);
1. But then I don't really want to buy yet, I will wait till during
one of the next 4 or 5 bars the price rises above the High of the
signal's bar. So I change "Buy" into "Buysignal" or so and make a
new "Buy". But how would I formulate this? It's probably something
with BuyPrice and IFF I guess, but I can't figure out how.
Or would I have to rewrite the whole formula?
2. I don't want to wait too long for a confirmation either, so if
there's no confirmation within 5 bars, I will not buy, and don't want
a signal anymore.
Any help appreciated.
allm4m.
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