I am trying to plot zone and assign study ID to generate buy / sell signal. While marking zone, buy/sell signal generate from the first bar only [ please refer to attached screenshot. ] I want to avoid first three bars and generate only when next time price touch the zone [ after three bar].
SU = Study("su", 2048 ) ;
RE = Study("RE", 2048 );
BUY= (C<=SU OR L<=SU );
SELL= (C>=RE OR H>=RE);
PlotShapes(shapeUpArrow*Buy,colorGreen,0, L,-20 );
PlotShapes(shapeDownArrow*Sell,colorRed,0, H,-20 );
I have used buy=event(ref,-3) , but it generates signal even price not touched.
Please anyone have idea how to do ?
Thanks in advance
anyone has idea how to avoid signal (not entry) in above scenario
I have used Fibonacci tool to draw zone and assigned SU for entry
but while marking zone , by default entry signal generates on first candle itself,
my strategy is to trade on next occurrence of the zone (say after three occurrence).
Please help if you can , I have tried many thing to solve, hold() and ref() postponed the entry not signal.
could anyone help ??.
@sandeep First a comment. I think your buy signal can be shortened to just Low<=SU, because if Close is below support then Low must also be below support.
I don't use chart studies so I can't comment on your appropriate use but I can answer a general question about having your condition true for 3 bars before triggering a BUY.
Condition = ... // your Buy conditions
And you want three bars of continuously true Condition. Another way of looking at that is how many bars since the Condition was not true.
BuySignal = BarsSince(!Condition)>3;
You could alternatively define and code your condition as the inverse so instead of NOT (the !Condition) you would use BarsSince(Condition). Good luck.
It works like charm ,Thank You !!