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Well, if I understand at least semi-correctly, in this
case I think you should be able to just use a signal
afterall. Set up a chart with daily bars as data1 and
5 min as data2, again so you can hide the 5 min bars.
Then, as an example only, since I don't know what your
reqt's are for a sell day off the daily data, you
could try something like (requires a bit of polishing
here and there):
Vars: SellDay(0),HighToday(0),Upside(0),
SellSetupType2(0);
If MarketPosition = -1 Then Begin
SellDay = 0;
SellSetupType2 = 0;
End;
If Time Data2 = Sess1EndTime and Date <> Date[1]
Then Begin
SellDay = SellDay[1];
If {whatever your daily bar reqt's are to
establish a sell day}
Then Begin
SellDay = 1;
End;
If Time Data2 = 8:35 {start time for 5 min bars}
Then Begin
HighToday = 0;
If SellDay = 1 Then Begin
SellPoint1 = Open Data2 - XXXX {your measure of
desired downside distance below the open to
trigger your first type of intraday sell
reqt., which could be based on either data1 or
data2 as you wish};
SellPoint2 = Open Data2 - {2 ticks};
End;
End;
Upside = {whatever your reqt. is for how high
price must go to constitute an upside failure for
your second type of intraday sell reqt., again based
on either data1 or data2};
If High Data2 > HighToday Then Begin
HighToday = High Data2;
If HighToday > Upside Then
SellSetupType2 = 1;
End;
If Time Data2 >= 835 and Time Data2 <= XXXX {your time
limit for what you want to have occur occur}
Then Begin
Sell at SellPoint1 Stop;
If SellSetupType2 = 1 Then
Sell at SellPoint2 Stop;
End;
Too tired to work any more on this. A very good idea
you had John. Hope this helps and let me know if you
come up with something.
Mark
> Thanks for the quick response and the possible
> solution. However as I
> understand it I have to code a show me for the daily
> bars. Now in this
> system, which is loosely based on Taylor's
> techniques, I have two signals
> for a short. I first establish if it is a sell day.
> I then look to sell the
> market if it moves a specific distance from the open
> to the downside. Or
> alternatively I look for an up move that fails (i.e
> high made first) and
> then short the market when it takes out the open. On
> daily bars, however, I
> don't know if the high was made first so how can I
> code it?
>
> John
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