Big Range Bar Signal
Posted:
Sun May 02, 2010 11:45 amby Apprentice
- Big Range Bar Signal
Should give a signal when a closed bar has a range 20% bigger then ATR(14) and
Uptrend: BUY
Price>5EMA and 5EMA>20EMA and 20EMA>50EMA
Downtrend: SELL
Price<5EMA and 5EMA<20EMA and 20EMA<50EMA
Re: Big Range Bar Signal
Posted:
Mon May 03, 2010 5:39 amby atlassudden
Thanks!
I will test it right away
Christian
Re: Big Range Bar Signal
Posted:
Wed May 05, 2010 3:39 amby atlassudden
Hi!
This signal works just fine, thanks!
Is it possible to develope this signal to have it work like this;
1; look for this big range bar(should not give a signal yet)
2; within the next 5 bars(should be optional) there should be a strong close above or under the big range bar, depending on if there is a buy setup or a short setup.(strong close = if you devide a bar into three pieces, the close should be in the 1:st section(buy) or in the third section (short)
When theese conditions are met there should be a signal.
regards
Christian
Big Range Bar Signal.lua