Rank: Newbie
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Joined: 10/31/2004(UTC)
Posts: 6
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I'm hoping someone can help me with the formula to hold the price value when a specific event occurs. I'd like to identify the close price on the bar that breaks out to a new 2wk high (could be any period though) and I execute a buy. For example, if the close of the breakout bar is $20, and this bar triggered a buy, I need a variable or function that will stay $20, and that I can reference in another formula - regardless of subsequent price action. It needs to ignore any subsequent "breakout" bars until I'm no longer long a trade. The valuewhen function doesn't work (i don't think) because if the stock continue to move up, the nth occurance of a new high will keep ratcheting up, and I haven't been able to figure out how to make it dependent on whether I'm already in a trade or not. Any help is greatly appreciated!
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 10/31/2004(UTC)
Posts: 6
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Wabbit -- this looks like just what I was looking for ... thanks!!
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