Dear Himadriji
I got this formula from another of our forums, which as per the moderator, is working well for even this bearish market. Its a "Long Only" indicator, but the same is for Metastock:
Entry next day Open with 2 % SL and 50 % Exit at 4 % above Entry and balance 50 % at 2nd 70 value of RSI(14)
a:= LLV(RSI(14),20)< Ref(LLV(RSI(14),20),-2) AND LLV(RSI(14),20) < 35;
b:= If(Ref(a,-1) =1 AND a =0 ,1,0);
m:= Alert(b,10) AND WillR(14) < -95;
n:= If(Ref(m,-1) =1 AND m =0 ,1,0);
n;
Any help on this for converting it as per FCharts?
I got this formula from another of our forums, which as per the moderator, is working well for even this bearish market. Its a "Long Only" indicator, but the same is for Metastock:
Entry next day Open with 2 % SL and 50 % Exit at 4 % above Entry and balance 50 % at 2nd 70 value of RSI(14)
a:= LLV(RSI(14),20)< Ref(LLV(RSI(14),20),-2) AND LLV(RSI(14),20) < 35;
b:= If(Ref(a,-1) =1 AND a =0 ,1,0);
m:= Alert(b,10) AND WillR(14) < -95;
n:= If(Ref(m,-1) =1 AND m =0 ,1,0);
n;
Any help on this for converting it as per FCharts?
I shall try to convert the above formula in Fchart but it will support only in Pro version .
Himadri