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boy do i love this metastock group as i learn something new every
week
this price channel is very interesting for me for day trading forex
on a 30 min time frame;i am sure on other time frames as well but
that is the one that interests me
i would like help in setting up colored highlights/alerts for the
following if possible please
buy
the close has been below the oversold zone on the wilson relative
price channel within the last say 15 bars and the visible rsi has
closed above the 50 line from below AND the high of the price on
the next bar is higher than the previous bars high.....the nice bit
would be to signal when this is happening in real time but once the
signal is activated once say then it would no longer continue to be
activated within that 30 min bar
sell
the close has been above the overbought zone on the wilson relative
price channel within the last say 15 bars and the visible rsi has
closed below the 50 line from above AND the low of the price on the
next bar is lower than the previous bars low.....the nice bit would
be to signal when this is happening in real time but once the signal
is activated once say then it would no longer continue to be
activated within that 30 min bar
this seems to be a pretty reliable signal but would like to somehow
backtest , but basis the low or high of the bar being broken as
opposed to having to wait for the high or low of the 30 min bar to
be broken
i am sorry if this is not clear
gary
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