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Hi,
I am attempting to write a system test which is based on crossover of
a support/resistance level. I am encountering a couple of issues
which I hope some kind soul can assist.
{Requirements}
In my trading system, I need to generate a signal as and when the
price is >= or <= a certain level. Eg. If I have a support level at
1000, I need a signal to buy when the price is <= 1000. Likewise if I
have a resistance level at 1050, I need a signal to sell if the price
is >= 1050.
The first issue is that there is no data array (or I do not know of
any) that allows me to determine that the price has reached or
crossover the support/resistance level. As such, I have no way to
generate the signal when the crossover occur. Using the High/Low data
array does not fulfil my requirement as I need the signal as it
happens. Using these data arrays also led to the second issue as
follows.
Having to use the High/Low data array, the buy/sell signal is
generated for the NEXT bar. However, what I need is to have the
signal generated at the point where the price crosses the
support/resistance level (signal generated at the current bar).
Hope I am not confusing in my writing.
My thanks in advance.
Regards,
Stenrique
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