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Help with a volume filter re Candlestick formulas in System Tester.
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Can somebody help me with a formula that can measure the volume on day one of a candlestick signal?
I would like to test if volume on day one or day two of a Bullish engulfing pattern has any influence on the results of my EngulfingBull() statement but I don't know how to write it.
If volume on day one of a Bullish Engulfing pattern (a bearish day) is > than 110% of 21-days moving average then EngulfingBull() else 0.
How do I define volume on day one in my if() statement?
Thx,
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Try using a valuewhen() function
valuewhen(1,EngulfingBull(),V)
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Rank: Member
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I have tried that but it doesn't solve my problem re measuring volume on day one of the EngulfingBull pattern.
ValueWhen returns a value regardsless of which day the occurence happens just as long as it happens.
And if I add Ref() to the sentence it will take the day before day one so that doesn't work either.
ValueWhen(1, Ref(EngulfingBull(),-1),V)
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Instead of putting the EngulfingBull() function inside the Ref(), put the volume there. You are looking back to the most recent occurance of the Engulfing Bull pattern and want the volume from one bar before the pattern was TRUE:
Valuewhen(1, EngulfingBull(), Ref(V,-1))
If you are on the bar where the Engulfing Bull pattern is occuring, you can leave out the Valuewhen() function and just put the Ref() of the volume
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Help with a volume filter re Candlestick formulas in System Tester.
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