PRT Bands with wick pressure

• 03/05/2023 at 3:08 AM #210906
  Aragorna

  Hi Nicolas,

   

  I would ask for a help in my simple strategy using PRt Bands (I’ve used different interesting pieces of indicators found in the forum)

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions EXP1 = ExponentialAverage[1](close) up = PRTBANDSUP dn = PRTBANDSDOWN a = PRTBandsmediumterm if close crosses over up and trend<=0 then //prezzo supera banda superiore trend=1 elsif close crosses under dn and trend>=0 then //prezzo ribassa banda inferiore trend=-1 ENDIF c4 = trend<>trend[1] ONCE Periods = 60 ONCE hi1 = 0 ONCE hi2 = 0 ONCE hi3 = 0 ONCE lo1 = 0 ONCE lo2 = 0 ONCE lo3 = 0 Bullish = close > open Bearish = close < open NewHigh = (high = highest[Periods](high)) NewLow = (low = lowest[Periods](low)) HIswing = Bullish[1] AND Bearish AND NewHigh[1] LOswing = Bearish[1] AND Bullish AND NewLow[1] IF HIswing THEN hi3 = hi2 hi2 = hi1 hi1 = high[1] ENDIF IF LOswing THEN lo3 = lo2 lo2 = lo1 lo1 = low[1] ENDIF c5 = a > lo1 and hi1 >hi2 //condizione per entrare Long IF NOT longonmarket and Trend=1 and c4 and c5 then BUY 10 SHARES AT MARKET ENDIF // Conditions to exit long positions //IF longonmarket and TREND=-1 and c4 THEN IF longonmarket and close<lo1 THEN SELL AT MARKET ENDIF //condizione per entrare Short //IF NOT shortonmarket and Trend=-1 and c4 then //SELL 10 SHARES AT MARKET //ENDIF // Conditions to exit short positions //IF shortonmarket and TREND=1 and c4 THEN //BUY AT MARKET //ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated     // Conditions to enter long positions EXP1 = ExponentialAverage[1](close) up = PRTBANDSUP dn = PRTBANDSDOWN a = PRTBandsmediumterm   if close crosses over up and trend<=0 then //prezzo supera banda superiore trend=1 elsif close crosses under dn and trend>=0 then //prezzo ribassa banda inferiore trend=-1 ENDIF c4 = trend<>trend[1]   ONCE Periods = 60 ONCE hi1     = 0 ONCE hi2     = 0 ONCE hi3     = 0 ONCE lo1     = 0 ONCE lo2     = 0 ONCE lo3     = 0 Bullish = close > open Bearish = close < open NewHigh = (high = highest[Periods](high)) NewLow  = (low  = lowest[Periods](low)) HIswing = Bullish[1] AND Bearish AND NewHigh[1] LOswing = Bearish[1] AND Bullish AND NewLow[1] IF HIswing THEN hi3 = hi2 hi2 = hi1 hi1 = high[1] ENDIF IF LOswing THEN lo3 = lo2 lo2 = lo1 lo1 = low[1] ENDIF   c5 = a > lo1 and hi1 >hi2   //condizione per entrare Long IF NOT longonmarket and Trend=1 and c4 and c5 then BUY 10 SHARES AT MARKET ENDIF   // Conditions to exit long positions   //IF longonmarket and TREND=-1 and c4  THEN IF longonmarket and close<lo1 THEN SELL AT MARKET ENDIF   //condizione per entrare Short //IF NOT shortonmarket and Trend=-1 and c4 then //SELL 10 SHARES AT MARKET //ENDIF   // Conditions to exit short positions   //IF shortonmarket and TREND=1 and c4  THEN //BUY AT MARKET //ENDIF

  I’d like to add the use of this amazing indicator Wick pressure https://www.prorealcode.com/prorealtime-indicators/wick-pressure/

  How can I add the conditon that when trend changes from red to green, there have been wick pressure in the last red trend ? that could helpful to filter many enters long. last question, in the strategy I have deactiveted enter shorts because for some reason it doesn’t work. I know that PRT bands has not be designed to work short but it should work the same, right ? I’ve thought the strategy for large cap stocks, when sstocks are in pre market or after market, is it correct to use buy at market? I know that in pre market and after market Proreal time work only with order limit, my doubt is that in backtest it work but in live it does not work. How could I change the strategy, if it’s this the case?

   

  thank’s for any help you could give me

  AleX

  

  Aragorna

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  03/13/2023 at 6:24 PM #211498
  robertogozzi

  First you need to modify the indicator so that it returns a value indicating the type of rectangle, I put 1=green and -1=red:

  //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript // --- settings //atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box //rsiob = 60 //RSI based on which signnals are filtered //rsios = 40 //RSI based on which signnals are filtered // --- end of settings meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green") signal = 1 endif //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red") Signal = -1 endif return Signal AS "Signal"

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  //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript   // --- settings //atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box //rsiob = 60 //RSI based on which signnals are filtered //rsios = 40 //RSI based on which signnals are filtered // --- end of settings   meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then    drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green")    signal = 1 endif   //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then    drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red")    Signal = -1 endif return Signal AS "Signal"

  after which it enters when C4 is true (change of Trend), provided that in the previous change there was at least one signal (it doesn’t matter which one because I’m not sure which one should be taken into consideration, if the Red one or the Green one):

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated ONCE Segnale = 0 // Conditions to enter long positions EXP1 = ExponentialAverage[1](close) up = PRTBANDSUP dn = PRTBANDSDOWN a = PRTBandsmediumterm if close crosses over up and trend<=0 then //prezzo supera banda superiore trend=1 elsif close crosses under dn and trend>=0 then //prezzo ribassa banda inferiore trend=-1 ENDIF c4 = trend<>trend[1] Segnale = CALL "PRC_Wick Pressure v2"[0.7, 16, 60, 40] IF Segnale <> Segnale[1] THEN Entrata = Segnale[1] ENDIF ONCE Periods = 60 ONCE hi1 = 0 ONCE hi2 = 0 ONCE hi3 = 0 ONCE lo1 = 0 ONCE lo2 = 0 ONCE lo3 = 0 Bullish = close > open Bearish = close < open NewHigh = (high = highest[Periods](high)) NewLow = (low = lowest[Periods](low)) HIswing = Bullish[1] AND Bearish AND NewHigh[1] LOswing = Bearish[1] AND Bullish AND NewLow[1] IF HIswing THEN hi3 = hi2 hi2 = hi1 hi1 = high[1] ENDIF IF LOswing THEN lo3 = lo2 lo2 = lo1 lo1 = low[1] ENDIF c5 = a > lo1 and hi1 >hi2 //condizione per entrare Long IF NOT longonmarket and Trend=1 and Entrata[1] and c4 and c5 then BUY 10 SHARES AT MARKET ENDIF // Conditions to exit long positions //IF longonmarket and TREND=-1 and c4 THEN IF longonmarket and close<lo1 THEN SELL AT MARKET ENDIF //condizione per entrare Short //IF NOT shortonmarket and Trend=-1 and c4 then //SELL 10 SHARES AT MARKET //ENDIF // Conditions to exit short positions //IF shortonmarket and TREND=1 and c4 THEN //BUY AT MARKET //ENDIF //graph c4 //graph Segnale //graph Entrata

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   ONCE Segnale = 0    // Conditions to enter long positions EXP1 = ExponentialAverage[1](close) up = PRTBANDSUP dn = PRTBANDSDOWN a = PRTBandsmediumterm   if close crosses over up and trend<=0 then //prezzo supera banda superiore trend=1 elsif close crosses under dn and trend>=0 then //prezzo ribassa banda inferiore trend=-1 ENDIF c4 = trend<>trend[1]   Segnale = CALL "PRC_Wick Pressure v2"[0.7, 16, 60, 40] IF Segnale <> Segnale[1] THEN Entrata = Segnale[1] ENDIF ONCE Periods = 60 ONCE hi1     = 0 ONCE hi2     = 0 ONCE hi3     = 0 ONCE lo1     = 0 ONCE lo2     = 0 ONCE lo3     = 0 Bullish = close > open Bearish = close < open NewHigh = (high = highest[Periods](high)) NewLow  = (low  = lowest[Periods](low)) HIswing = Bullish[1] AND Bearish AND NewHigh[1] LOswing = Bearish[1] AND Bullish AND NewLow[1] IF HIswing THEN hi3 = hi2 hi2 = hi1 hi1 = high[1] ENDIF IF LOswing THEN lo3 = lo2 lo2 = lo1 lo1 = low[1] ENDIF c5 = a > lo1 and hi1 >hi2 //condizione per entrare Long IF NOT longonmarket and Trend=1 and Entrata[1] and c4 and c5 then BUY 10 SHARES AT MARKET ENDIF // Conditions to exit long positions //IF longonmarket and TREND=-1 and c4  THEN IF longonmarket and close<lo1 THEN SELL AT MARKET ENDIF //condizione per entrare Short //IF NOT shortonmarket and Trend=-1 and c4 then //SELL 10 SHARES AT MARKET //ENDIF // Conditions to exit short positions //IF shortonmarket and TREND=1 and c4  THEN //BUY AT MARKET //ENDIF   //graph c4 //graph Segnale //graph Entrata

  if you want to specify the type of rectangle that should have been diaplayed before the trend change, just tell me.

   

   

  

  robertogozzi

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  03/13/2023 at 7:42 PM #211506
  Aragorna

  Hi Roberto,

  thank you for your amazing work.

  since PRT bands work only for long, I need to enter long only when the green bullish rectangle is in the red trend  before the change of trend (for PRT bands). if possible.

  thank’s in advance

  

  Aragorna

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  03/13/2023 at 7:45 PM #211507
  Aragorna

  is it possible to define both the conditions, bullish pressure and bearish pressure? green bullish rectangle when trend is red (so before the change of trend to green on PRT bands) and viceversa for bearsh red rectangle. Then it will be on me to define a condition for short instead of long. For bearish I was thinking to use Supertrend

  

  Aragorna

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  03/22/2023 at 9:23 AM #211908
  Aragorna

  Hi Roberto,

   

  I know you’re very busy, but I’d like to ask a suggestion for the code in a simpler way in order not to use mcuh of your time, I’ve tried to do it but there ‘s something that I don’t get. How can I do a buy order when the wick bullish pressure gives the signal and viceversa a sell order when a wick bearish pressure signal gives the signal? also if possible a  stop limit order above the rectangle (for green) or below the rectangle (for red) ?

  thank you very much in advance

  Alex

  

  Aragorna

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  05/02/2023 at 11:49 AM #213976
  robertogozzi

  Sorry for the delay.

  I coded this update:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated ONCE Segnale = 0 // Conditions to enter long positions EXP1 = ExponentialAverage[1](close) up = PRTBANDSUP dn = PRTBANDSDOWN a = PRTBandsmediumterm if close crosses over up and trend<=0 then //prezzo supera banda superiore trend=1 elsif close crosses under dn and trend>=0 then //prezzo ribassa banda inferiore trend=-1 ENDIF c4 = trend<>trend[1] Segnale = CALL "PRC_Wick Pressure v2"[0.7, 16, 60, 40] IF Segnale <> Segnale[1] THEN Entrata = Segnale[1] ENDIF ONCE Periods = 60 ONCE hi1 = 0 ONCE hi2 = 0 ONCE hi3 = 0 ONCE lo1 = 0 ONCE lo2 = 0 ONCE lo3 = 0 Bullish = close > open Bearish = close < open NewHigh = (high = highest[Periods](high)) NewLow = (low = lowest[Periods](low)) HIswing = Bullish[1] AND Bearish AND NewHigh[1] LOswing = Bearish[1] AND Bullish AND NewLow[1] IF HIswing THEN hi3 = hi2 hi2 = hi1 hi1 = high[1] ENDIF IF LOswing THEN lo3 = lo2 lo2 = lo1 lo1 = low[1] ENDIF c5 = a > lo1 and hi1 >hi2 //condizione per entrare Long IF NOT longonmarket and Trend=1 and Entrata[1] = -1 and c4 and c5 then BUY 10 SHARES AT MARKET ENDIF // Conditions to exit long positions //IF longonmarket and TREND=-1 and c4 THEN IF longonmarket and close<lo1 THEN SELL AT MARKET ENDIF //condizione per entrare Short IF NOT shortonmarket and Entrata = 1 and c4 then SELLSHORT 10 SHARES AT MARKET ENDIF // Conditions to exit short positions IF shortonmarket and TREND=1 and c4 THEN EXITSHORT AT MARKET ENDIF //graph c4 //graph Segnale //graph Entrata

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   ONCE Segnale = 0    // Conditions to enter long positions EXP1 = ExponentialAverage[1](close) up = PRTBANDSUP dn = PRTBANDSDOWN a = PRTBandsmediumterm   if close crosses over up and trend<=0 then //prezzo supera banda superiore trend=1 elsif close crosses under dn and trend>=0 then //prezzo ribassa banda inferiore trend=-1 ENDIF c4 = trend<>trend[1]   Segnale = CALL "PRC_Wick Pressure v2"[0.7, 16, 60, 40] IF Segnale <> Segnale[1] THEN Entrata = Segnale[1] ENDIF ONCE Periods = 60 ONCE hi1     = 0 ONCE hi2     = 0 ONCE hi3     = 0 ONCE lo1     = 0 ONCE lo2     = 0 ONCE lo3     = 0 Bullish = close > open Bearish = close < open NewHigh = (high = highest[Periods](high)) NewLow  = (low  = lowest[Periods](low)) HIswing = Bullish[1] AND Bearish AND NewHigh[1] LOswing = Bearish[1] AND Bullish AND NewLow[1] IF HIswing THEN hi3 = hi2 hi2 = hi1 hi1 = high[1] ENDIF IF LOswing THEN lo3 = lo2 lo2 = lo1 lo1 = low[1] ENDIF c5 = a > lo1 and hi1 >hi2 //condizione per entrare Long IF NOT longonmarket and Trend=1 and Entrata[1] = -1 and c4 and c5 then BUY 10 SHARES AT MARKET ENDIF // Conditions to exit long positions //IF longonmarket and TREND=-1 and c4  THEN IF longonmarket and close<lo1 THEN SELL AT MARKET ENDIF //condizione per entrare Short IF NOT shortonmarket and Entrata = 1 and c4 then SELLSHORT 10 SHARES AT MARKET ENDIF // Conditions to exit short positions IF shortonmarket and TREND=1 and c4  THEN EXITSHORT AT MARKET ENDIF   //graph c4 //graph Segnale //graph Entrata

   

   

  

  robertogozzi

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  05/03/2023 at 11:07 PM #214096
  Aragorna

  Hi Roberto,

  thank’s for your update and time. Strategy does not work, sometimes goes long outside green rectangle and sometimes it goes short in green rectangle and viceversa, it works random. Can I ask you please if it’s possible to forget the strategy and focus only on wick pressure.

  A strategy that goes long when there is bullish condition and goes short on red rectangle with bearish condition. Condition for  exit long Position when  there is short bearish condition, and viceversa for short. Hope to be clear. Then I’ll take care of adding other indicators or conditions.

  Thank’s in advance

  Alessio

  

  Aragorna

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  05/03/2023 at 11:27 PM #214097
  Aragorna

  Hi Roberto. could be something like this? the strange thing is that doing the backtest I see the positions opened in the chart but the detailed report shows Zero positions opened. I don’t understand why

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated ONCE Segnale = 0 // Conditions to enter long positions //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript // --- settings atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box rsiob = 60 //RSI based on which signnals are filtered rsios = 40 //RSI based on which signnals are filtered // --- end of settings meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then //drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green") signal = 1 BarLongsignal=Barindex endif If Barindex=BarLongsignal+2 then Signal=0 endif //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then //drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red") Signal = -1 BarShortsignal=Barindex If Barindex=Barshortsignal+2 then Signal=0 endif endif //condizione per entrare Long IF NOT longonmarket and Signal = 1 then BUY 1 SHARES AT MARKET ENDIF // Conditions to exit long positions //condizione per entrare Short IF NOT shortonmarket and signal = -1 then SELLSHORT 1 SHARES AT MARKET ENDIF // Conditions to exit short positions //graph c4 //graph Segnale //graph Entrata set stop %loss 2 set stop %profit 4

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated ONCE Segnale = 0    // Conditions to enter long positions   //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript   // --- settings atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box rsiob = 60 //RSI based on which signnals are filtered rsios = 40 //RSI based on which signnals are filtered // --- end of settings   meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then //drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green") signal = 1 BarLongsignal=Barindex endif If Barindex=BarLongsignal+2 then Signal=0 endif     //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then //drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red") Signal = -1 BarShortsignal=Barindex If Barindex=Barshortsignal+2 then Signal=0 endif endif       //condizione per entrare Long IF NOT longonmarket and Signal = 1 then BUY 1 SHARES AT MARKET ENDIF // Conditions to exit long positions //condizione per entrare Short IF NOT shortonmarket and signal = -1 then SELLSHORT 1 SHARES AT MARKET ENDIF // Conditions to exit short positions   //graph c4 //graph Segnale //graph Entrata set stop %loss 2 set stop %profit 4

  can you help me ,please? thank’s in advance

  Alessio

  

  Aragorna

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  05/07/2023 at 11:07 AM #214258
  robertogozzi

  Signals are returned by the indicator.

  Do you need to change it?

  Can you explain me when it has to enter Long and Short, when a rectangle starts or ends, when it’s Red or Green?

   

  

  robertogozzi

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  05/08/2023 at 11:02 AM #214285
  Aragorna

  Hi roberto, when a bullish signal appear on a candle , I would like to set a stop limit some pipes above the high of that candle, viceversa for short, when a bearish signal appears,  a short stop limit some pipes below that candle.

  thank’s in advance

  Alessio

  

  Aragorna

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