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Showing results for tags 'stop stratgey'.
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Can someone convert this indicator to a buy/sell strategy (buy lostop sell short stop) always in the market. inputs: Sensitivity(2), ShowDots(true), ShowLines(false), Displace(0); vars: var1(0), var2(0), var3(0), var4(0); if Raz_rangevector_os = 1 then Begin ; var4 = Sensitivity*10 ; var2 = RAZWEMA_os (HIGH, var4) ; var3 = RAZWEMA_os (LOW, var4) ; if Displace >= 0 OR CurrentBar > AbsValue (Displace) then PLOT1[Displace] (var2, "BuyStop") ; if HIGH < var2 And var2[1] >= var2[2] And var2 < var2[1] then Begin ALERT ("Confirm down") ; End ELSE Begin if Displace >= 0 OR CurrentBar > AbsValue (Displace) then Begin PLOT2[Displace] (var3, "SellStop") ; if var3[1] <= var3[2] And LOW > var3 And var3 > var3[1] then ALERT ("Confirm Up") ; End ; End ; if (var3 < var3[1]) then SETPLOTCOLOR (2, GetBackGroundColor) ; if (var2 > var2[1]) then SETPLOTCOLOR (1, GetBackGroundColor) ; if ShowDots = TRUE then Begin if HIGH < var2 And var2[1] >= var2[2] And var2 < var2[1] then PLOT3[1] (var2, "Confirm_Dn") ELSE NOPLOT (3) ; if LOW > var3 And var3[1] <= var3[2] And var3 > var3[1] then PLOT4[1] (var3, "Confirm_Up") ELSE NOPLOT (4) ; End ; if ShowLines then Begin if Displace >= 0 OR CurrentBar > AbsValue (Displace) then PLOT5[Displace] (var2, "BuyLine") ; if (var2 > var2[1]) then SETPLOTCOLOR (5, GetBackGroundColor) ; if Displace >= 0 OR CurrentBar > AbsValue (Displace) then PLOT6[Displace] (var3, "SellLine") ; if (var3 < var3[1]) then SETPLOTCOLOR (6, GetBackGroundColor) ; End ; End ;
