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Tony,
I have only had a VERY quick grab at this, and havent tested it; I am
not making any promises, but see if this works like you want. Maybe
it will give you an insight into how to rearrange this for yourself...
Here goes, untested code:
DayOne:=L=LLV(L,10);
DayOne:=If(BarsSince(DayOne=1)>8,L=LLV(L,10) OR L<=ValueWhen
(1,DayOne=1,L) OR L<ValueWhen(1,DayOne=1,C),0);
DayThree:=C>ValueWhen(1,DayOne=1,L);
DayThree:=DayThree AND BarsSince(DayOne=1)>Ref(BarsSince(DayThree),-
1);
N:=If(PREV=0,DayThree,If(DayOne,0,PREV));
L>ValueWhen(1,N AND Alert(N=0,2)=1,H);
Maybe someone else with some more time might lend a hand?
Hope this helps (anyway!)
wabbit :D
--- In equismetastock@xxxxxxxxxxxxxxx, "bandwidthuser"
<bandwidthuser@xxxx> wrote:
>
>
> Hello,
>
> I would appreciate help in coding an exploration which uses the
multi-
> day setup shown below to signal reversal trades off support and
> resistance levels.
>
> The rules for going Long would be;
>
> Day 1: The market makes a 10-day low.
>
> Day 2: The market retests the Day 1
> low not less than eight trading days
> later. A retest occurs when either: a)
> Day 2 makes a low that is lower than
> or equal to the Day 1 low; or b) the
> Day 2 low is below the Day 1 close.
>
> Day 3: The market subsequently closes
> above the Day 1 low.
>
> Day 4: Go long when the market moves
> above the Day 3 high.
>
> The rules are reversed for short trades.
>
>
> Warm Regards,
>
> Tony.
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