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Dave W.
2013-11-07 19:31:38
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Hi. In evaluating some trading systems, I'd like to be able to show realistic buy and sell conditions on a chart. For example, please look at the following script I'm currently using on a chart:
// Buy
Rule1 = Cross(RSI_Threshold, RSI(2));
Rule2 = (close) >= (sma(SMA_Length));
buy = (Rule1) && (Rule2);
// Sell
Rule4 = cross( (RSI(2)) , (RSI_Exit_Level) );
sell = (Rule4);
// Plot Arrows
PlotArrow(Buy, "", BelowLow, colorGreen);
PlotArrow(Sell, "", AboveHigh, colorRed);
The issue is, the code above plots too many buy and sell arrows. I want the ability to only plot a buy arrow when I wouldn't already be in a position, and only a single sell arrow when I am in a position and exiting. Is there a way to achieve that on a chart using a script?
Let me know if you'd like to see a screen shot to get a better sense of what I mean and I can post one somewhere.
Thank you.
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