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This is very similar to previous. Finds the
initial condition and holds for 5 bars unless cross below
30.
x = cross(rsi(5), 30); y = cross(30, rsi(5));
buy = iif(barssince(x) == 5 and barssince(y) > 5,
1, 0);
Bill
----- Original Message -----
Sent: Monday, March 26, 2007 8:07
PM
Subject: [amibroker] Re: Respecting signal
line
>
Does something like this work:
>
> Signal_line = RSI()=30;
>
Initialsetup = Cross(RSI(),Signal_line);
> Initial_RSI_value = Valuewhen
(Initialsetup,RSI());
> Invalidsignal = Cross (Signal_line,RSI());
>
Buysetup = Hold(Ref(Initialsetup,-1),5) and RSI()<Initial_RSI_Value
>
and Ref(Invalidsignal==0); //Hold the signal for 5 bars, setup looking
>
for a pullback in RSI() but respecting signal line i.e. there has been
>
no "Invalidsignal"
>
> I'm not a coder so feel free to tell me
where I'm wrong.
> Thanks in advance.
>
>
>
>
>
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