[amibroker] Re: Bollinger Band and Timing of Buy or Short

["Mike" <sfclimbers@xxxxxxxxx>]

I believe that the answer is a qualified yes.

Generally, if you are using Close in your calculations, then your Buy logic should either use Ref(MyCalculation, -1), or you need to use SetTradeDelays(...), but not both.

I say a "qualified" yes because you could potentially trade using conditional orders with Market On Close, in which case you would want to use the current Close for your Buy. In such a scenario, you would need to be able to calculate a value at which your condition would be true, and use a conditional order based on that value.

Mike

--- In amibroker@xxxxxxxxxxxxxxx, "trfy1120" <trfy1120@xxx> wrote:
>
> Is it accurate to say that, if you use bbandbot( close, 10, 2 ) in your BUY statement, then you must set Buy Delay to a number greater than zero to avoid peaking because bbandbot refers to the closing value of the current period?  That is, if, for example, I wanted to use that indicator to determine whether to buy at the open of a given period, I should refer to ref(bbandbot(close,10,2),-1).
> 
> Thanks for any help.
> 
> TRFY1120
>




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