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Buy Indicator


This item was created by bug man on July 21, 2009. Buy Indicator is a Trading Indicator.
The implementation of this Technical Analysis method demanded 34 lines of code.
The trading indicator is called 'buy_indicator' and it is coded using JScript programming language.
It gets 3 parameters. The different variables are:
indicator (Type: Number - Default Value: rsi(14) > 50): Indicator to test
nbars (Type: Number - Default Value: 10): NBars stop
lookback (Type: Number - Default Value: 300): Lookback period

Example:
p = buy_indicator(rsi(14) > 50, 10, 300);

Formula to show the trading indicator on a chart:
Plot(buy_indicator(rsi(14) > 50, 10, 300), "Buy Indicator", colorRed);

Future and Past Bars:
The trading indicator has no look-ahead bias. It requires 0 previous bars.

Click on this link to download Buy Indicator

Search terms used to find this trading item include buy indicator, buy value indicator, charting software, indicator search, indicators for profitable buying, buy bar indicator

The trading object is saved under the following categories: Technical Analysis

 Trading Indicators:
Drawdown: Long and Short

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.