Paul, I was just going thru my trading books & there is a bit more
to the countback line. It looks like the 3rd last significant high,
ignoring inside days. I think this will need a bit more code. I
found something on another forum, but it seems to give CBL exits only, not
entries.
to code the countbackline indicator
setup 3 variables
cb1h, cb2h, cb3h
cb1h = cb2h = cb3h = h
and in a for loop to do test and set cbxh for each
bar
and so can use this info to set
Hi,
does anyone know how to do calculation similar to a
countback line for
entry. I am trying look back from today's high to
the last time the
high was greater & look to enter if this last
high was exceeded. This
is more that just a cross of the HHV in last 3
days, it would be any
day back from now. I think it needs looping but
sure how to get it to
work.
Dave