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I want to plot a green band if I am in a long position, and a red band
if I am in a short position. No problem, right?
Here's the tricky part:
** Only one position can be open at a time
* TrailingStop is a function I created
LongEntry = C > Ref(C,-1);
LongExit = C < TrailingStop;
ShortEntry = C < Ref(C,-1);
ShortExit = C > TrailingStop;
* Remember, only one position can be open at a time. Obviously,
higher closes are going to exist even when I am in a short position,
so using the FLIP function doesn't seem to work.
Any Ideas? Thanks in advance.
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