Comment on "Code your Technical Analysis strategy"

Comment on Code your Technical Analysis strategy

Nithin Kamath commented on 05 Sep 2013, 07:38 AM

Buy alert:

REF (CLOSE, 1) > REF (SMA (CLOSE, 21), 1) AND REF (CLOSE, 2) < REF (SMA (CLOSE, 21), 2) AND CLOSE > REF (CLOSE, 1)

Buy exit:

This won’t be possible unless we define how many candles after, the low should be breached, which is not possible to predict.

Sell alert:

REF (CLOSE, 1) < REF (SMA (CLOSE, 21), 1) AND REF (CLOSE, 2) > REF (SMA (CLOSE, 21), 2) AND CLOSE < REF (CLOSE, 1)

Sell exit:

This won’t be possible unless we define how many candles after, the high should be breached, which is not possible to predict.