Regarding Ploting Buy Sell Signals

Regarding Ploting Buy Sell Signals

Vivek A. Shah
2012-06-28 16:44:11

Hello Sir,

I want to plot buy & sell signal on the chart. Plot a buy when the price has closed above 50 day moving average & plot a Sell signal when the price closes below 50 day moving average. Also I want to know that if I apply same setting provided by you on 1 hour, 30 minute chart than also will I get the correct signal ot not? If not than kindly help me on that.
Thank you.

QuantShare
2012-06-29 11:29:27

Best Answer

Here is how:
http://www.quantshare.com/how-391-how-to-plot-arrows-below-above-candlesticks-on-a-chart

For intraday data, it is the same if you are using 50 bar moving average (not day).

Vivek A. Shah
2012-06-29 20:33:50

But sir, I want to to plot signal on the candel next to the candle that closes above 50 day MA or closes below 50 day MA with one condition that if that candle crosses the high of the candle which closes above 50 day MA or crosees the low of the candle which closes below 50 day MA.

QuantShare
2012-06-30 13:18:06

Formula:

buy1 = cross(ref(close, 1), sma(50)) and close > ref(high, 1);
PlotArrow(buy1, "", AboveHigh, colorGreen);

sell1 = cross(sma(50), ref(close, 1)) and close < ref(low, 1);
PlotArrow(sell1, "", AboveHigh, colorRed);

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