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I'm trying to trigger a buy signal with:
Mov(C,5,E) > PREV
and the sell signal with:
Mov(C,5,E) < PREV
The idea was to buy when the moving avarage is rising and sell when falling. But the code doesn't work.
What's the proper way?
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Rank: Advanced Member
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Joined: 7/25/2005(UTC)
Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi tekken
Try these Buy and Sell signals. PREV is inappropriate to what you're trying to do. To explain my code for Buy, the current moving average is tested for higher than the previous bars moving average, and for Sell the current moving average is tested for lower than the previous bars moving average. The use of an Alert() function limits the signal to just one bar, thus eliminating a multiple succession.of unwanted extra signals
{Buy}
Buy:=Mov(C,5,E) > Ref(Mov(C,5,E),-1) ;
Buy:=Buy AND Alert(Buy=0,2);
Buy;
{Sell}
Sell:=Mov(C,5,E) < Ref(Mov(C,5,E),-1) ;
Sell:=Sell AND Alert(Sell=0,2);
Sell;
Hipe this helps.
Roy
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 1 user thanked mstt for this useful post.
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Rank: Newbie
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Joined: 9/29/2016(UTC)
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Hi Roy, that code worked just fine.
Explanation was also helpful, thanks!
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