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The problem with this is that LongEntry and ShortEntry can both be 1
at the same time.
For Example,
Day 1 (long entry): Today's Close > Yesterday's Close
Day 2: Today's Close < Yesterday's Close, setting up a short entry,
but the long stop has not been triggered, so a long position is
still active
Any other suggestions? Thanks again, in advance.
--- In amibroker@xxxxxxxxxxxxxxx, "WALTON, Nathan"
<nathan.walton@xxxx> wrote:
>
> You could try:
>
>
>
> inLong = Flip(LongEntry, LongExit);
>
> inShort = Flip(ShortEntry, ShortExit);
>
>
>
> Plot your green band when inLong == 1, and red when inShort == 1.
>
>
>
> Cheers,
>
> Nathan
>
> ________________________________
>
> From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]
On
> Behalf Of sslack88
> Sent: Monday, 23 January 2006 11:46 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Plotting Bands when Long or Short
>
>
>
> 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.
>
>
>
>
>
>
>
>
>
> Please note that this group is for discussion between users only.
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