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Hi Ernie,
Try something like this instead:
Sell = Cond2;
SellPrice = ValueWhen(Buy,R1);
As Graham implied, the Buy, Sell, Cover, and Short variables all need a
True/False condition to be satisfied in order to work. ValueWhen(Buy,R1)
doesn't do this; it produces a number instead.
-john
----- Original Message -----
From: "Ernie Newman" <ewn87544@xxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 24, 2004 7:48 AM
Subject: [amibroker] Re: Help with Buy Sell Signal
Thanks for the Help. I think I've got it figured out except I want
to use the R1(resistance) level that was established on the Buy day
as a sell point it could be 2 or 3 days later and the R1 value
changes each day. I have been trying to use the valuewhen function
but can't seem it get it working.
Sell = ValueWhen(Buy,R1) AND Cond2;
How can I get this to return the R1 value for the day the buy signal
occured.
Thanks alot!!
Ernie
--- In amibroker@xxxxxxxxxxxxxxx, "Graham" <gkavanagh@xxxx> wrote:
> A couple of things
> The Buy = should have a 0 or 1 answer (true or false) Buy =
BuyPrice does
> not work as a singular event.
> Buy price is dictated by the buy signal and and the bar referenced
by your
> settradedelays.
>
> As far as the rest, not sure off hand except include some added IIF
> conditions for the price to be >low and <high of the purchase day.
>
> Cheers,
> Graham
> http://e-wire.net.au/~eb_kavan/
>
> -----Original Message-----
> From: Ernie Newman [mailto:ewn87544@x...]
> Sent: Tuesday, 24 February 2004 10:30 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Help with Buy Sell Signal
>
>
> Hi
> I am trying to test a Profit Test using support and resistance. I
want to
> buy only if the price hits the S1 level and buy at that
> price and sell only when the price reaches the R1 level.
> Where
> PP= (High+Low+Close)/3;
> R1=(PP * 2) - Low;
> S1= (PP * 2) - High;
> The below buys and sells the correct price only if the price
reaches that
> level otherwise it could buy the open or sell the close. How can I
make it
> not buy if the price is not reached or sell.
>
> BuyPrice = S1;
> Buy = BuyPrice;
> SellPrice = R1;
> Sell = SellPrice;
>
> Thanks
> Ernie
>
>
>
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