Hello everyone,
BLU-RAY, I was wondering if you could take a look at this and see if you could help if you have time. I am very new to all of this, was using tradestation but currently using multichart. Is it possible to help me add auto trade or at least put a different color bar or dot showing where to get in. I took the bollinger bands and replace everything as following:
inputs:
BollingerPrice( (h+l)/2 ),
TestPriceUBand( (h+l)/2 ),
TestPriceLBand( (h+l)/2 ),
Length( 21 ),
NumDevsUp( .25 ),
NumDevsDn( -.25 ),
Displace( 0 ) ;
Also I did the same thing to the MOV AVG EXP as follows:
inputs:
Price( (h+l)/2 ),
Length( 4 ),
Displace( 0 ) ;
if you put these figures in you will see the bollinger band very tight and want to and signal when to buy long and short.
On a long signal, when the Mov Avg Exp crosses the top of the Bollinger Band and at the first bar to closes between 1 and 3 tick above the bollinger band a signal would be giving to buy within 2 ticks of the top of the bollinger band.
This is done of course in the other direction for a short. but would be when the Mov Avg Exp breaks below the Bollinger Band. Would like to get it to autotrade to buy and then sell in 2 to 6 tick profit.
I hope you understand and if you need more info please email me at mike64@hauntingmichigan.com
Thanks for reading
Mike Falkiewicz