Buy/Sell on Trendline Break (EL)

[GRANDEUR 10]

Please, could anyone tell me how to code a simple algorithm:

buy next bar at down trendline break.

 

Down trendline is formed by connection of two points: swinghigh and swinghigh[1].

[Tams 20]

draw a picture...

it will help you to identify the critical points

and organize your logic.

Edited May 19, 2010 by Tams

[GRANDEUR 10]

Here is the picture. It is the same condition but there is 'short' instead of 'buy'.

http://file.qip.ru/file/129451786/e11d76de/picture.html

[Tams 20]

do you know the ID of the trendline?

 

[GRANDEUR 10]

do you know the ID of the trendline?

What do you mean by the "ID"?

The answer I'm looking for is wether it is possiple in TradeStation not only to visualize trends but also to trade them mechanically?

 

For example, I have two lows:

1) swinglow(2,low,2,15)*;

2) swinglow(2,low,2,15).

 

* - Syntax of 'swinglow' function in EasyLanguage: SwingLow(Instance, Price, Strength, Length)

 

So I want to draw an imaginary trendline connecting these two lows, assuming it is an uptrend line. When the price touches this imaginary line from up to down I want there would be a 'sell short' signal. And vice versa for down trendlines and buy signals.

[Tams 20]

...

The answer I'm looking for is wether it is possiple....

 

anything is POSSIBLE

 

if you can visualize it, quantify it, articulate it, you can code it.

Edited May 19, 2010 by Tams

[3monkeys 10]

See MarkSanDiego's implementation of "Semi-Automated Trading Using Trend Lines"

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=88600

[GRANDEUR 10]

3monkeys, thank you for your post but unfortunately I am not allowed to log in to TradeStation Discussion Forum. Actually, I'm a MultiCharts user not TradeStation though the coding languages are similar.

 

Tams, I believe in my inner abilities but I would be glad if somebody helped me in coding the algorithm

[Tams 20]

...

Tams, I believe in my inner abilities but I would be glad if somebody helped me in coding the algorithm

 

do you want someone to code it for you?

or do you want someone to point you the way,

and assist you when you are stuck?

[Tams 20]

See MarkSanDiego's implementation of "Semi-Automated Trading Using Trend Lines"

https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=88600

 

for the benefit of the community,

can you transcribe the content?

[GRANDEUR 10]

Maybe, here it is Semi-Automated Trading Using Trend Lines for Tradestation