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Hi All,
I have a 10 period stochastic with overbought at 80 and oversold at 20
I am looking for moves that spike into OB or OS zone and don't hang around.
The idea is ....
If stochastic is below oversold then plot1 = 1
but the stochastic can only be less than Oversold for max 4 days.
After 4 days If stochastic is still below oversold then plot1 = 0 until
stoch goes above oversold
Eg:
Day1 -> stoch < oversold -> plot1 = 1
Day2 -> stoch < oversold -> plot1 = 1
Day3 -> stoch < oversold -> plot1 = 1
Day4 -> stoch < oversold -> plot1 = 1
Day5 -> stoch < oversold -> plot1 = 0
Day6 -> stoch < oversold -> plot1 = 0
Day7 -> stoch < oversold -> plot1 = 0
Day8 -> stoch above oversold -> plot1 = 0
Day9 -> stoch < oversold -> plot1 = 1 (and reset the counter again as this
is the first time it has been < OS )
That's what I am trying to code without success :-)
Any help would be much appreciated
Thanks
Paul
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