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Hi,
I have an indicator PCQ that has levels of -100, -75, -50, -25, 0 , 25, 50, 75 100. I want to use the indicator to scale in and out of a single stock.
I want to Buy when PCQ goes positive with the % of equity equal to the value of PCQ. So, if PCQ goes from -50 to +25, I want to cover my short at -50% and then go long 25%.
Basically, I want to scale in or out of the position when PCQ changes levels, and have a % investment long or short equal to the PCQ level. So, if PCQ goes from +25 to +75, I want to scale from 25% long to 75% long.
I have tried to use setpositionsize and sigscaleIn and sigscaleOut in buy and sell rules, but I clearly don't understand how to do this. I have wasted several days on this.
Can this be done with arrays or do I need to loop? I could not find any examples.
Any suggestions on how to do this would be much appreciated.
Regards,
Dan Allen
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