I have absolutely no clue how EL works, but I'm trying to automate this strategy, can anyone do the code?? ---
Need to quantify the average range of all candesticks in last 144 periods.
144 period ema crossover, say to the upside in this example. Need the coding for 2 consecutive green candlesticks where at least 75% of the first (the one crossing over) candlestick's range is above the ema (could be up to 100% of the candlestick) and its range is at least 30% above the average range quantified. It must close at its high. The next candlestick must not retrace more than 25% of the previous one and it must close same or higher and also at its own high.
This is just a pure momentum play, I'd be entering a buystop at a new high at the beginning of the next period. Anyone know how to do this???? Thanks in advance.
Need to quantify the average range of all candesticks in last 144 periods.
144 period ema crossover, say to the upside in this example. Need the coding for 2 consecutive green candlesticks where at least 75% of the first (the one crossing over) candlestick's range is above the ema (could be up to 100% of the candlestick) and its range is at least 30% above the average range quantified. It must close at its high. The next candlestick must not retrace more than 25% of the previous one and it must close same or higher and also at its own high.
This is just a pure momentum play, I'd be entering a buystop at a new high at the beginning of the next period. Anyone know how to do this???? Thanks in advance.