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Gary
The way I have structured my formula is:
1. Look for condition 1 and mark the high of the day condition1 occurs as trigger level..
2. If trigger level is crossed, only then am I triggered into the trade - I am using the cross function to determine the crossover.
Once the crossover happens the relevance of such a trigger is nil as an entry point. Problem is the formula is still remembering that trigger level. It forgets it alright when the next buy signal is given by the indicator and accepts the new trigger level. But if prior to a new buy signal the price gyrates around the earlier trigger level an arrow is plotted.
Some loud thinking - Is it possible to write a condition that says only the n=1 occurence of the crossover of the trigger level by the price is to be used? I also tried using valuewhen and couldnt make it work. If this is possible what function is to be used?
Rakesh
"Gary A. Serkhoshian" <serkhoshian777@xxxxxxxxx> wrote:
Rakesh,Make sure you AND your conditions to create your Buy,and that you are using the Buy to create the arrow.Buy = Condition1 and Condition2;Sell = SellCondition1 and SellCondition2;Buy = Exrem(Buy, Sell);Sell = Exrem(Sell, Buy);PlotShapes(Buy * shapeUpArrow, colorgreen, 0, L);--- Rakesh Sahgal <rakeshsahgal@xxxxxxxxx> wrote:> I have a formula that says:> > 1. Go long when long StochK crosses StochD and vice> versa for short.> > 2. Trigger to be crossed for executing the trade is> close higher than the high of the crossover day and> once again vice versa for short.> > Once a long signal is given both in terms of> indicator and price crossover, the value of the high> of the crossover bar is irrelevant.>
> Now the problem:> > However what is happening is:> > 1. Buy Trade arrow is displayed - Correctly .> 2. Sell Trade arrow is displayed - Correctly.> > this is where the foul up is happening:> > 3. When the price again crosses the level determined> in 1 an arrow is plotted even though it has no> relevance/significance.> > I experimented with EXREM, but to no avail. Can> someone kindly point out the error in my> logic/coding which is causing this wrong display of> arrows to occur? > > TIA> > > Rakesh> > > > ---------------------------------> Do you Yahoo!?> SBC Yahoo! - Internet access at a great low price.
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