Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
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Here is a expert signal for those members who have the SPYGLASS add-on from Jon DeBry
Long
A:=ExtFml( "ERSA.ExternalRelativeStrength")>50;
B:=ExtFml( "ERSA.ExternalRelativeStrength")<50;
i:=Cum(A>-1 AND B>-1)=1;
x:=BarsSince(i OR A)<=BarsSince(i OR B)=0;
X=0 AND Ref(X,-1)>0
Short
A:=ExtFml( "ERSA.ExternalRelativeStrength")>50;
B:=ExtFml( "ERSA.ExternalRelativeStrength")<50;
i:=Cum(A>-1 AND B>-1)=1;
x:=BarsSince(i OR A)>=BarsSince(i OR B)=0;
X=0 AND Ref(X,-1)>0
My ERSA settings were 40,30,20,10
This is a simple crossing above and below the 50 line for signals,
find other ways to exit your positions once you are in the trade
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