Ami Experts,
I have got one pivot trading afl from the net. I want to include Buy Sell condition with a filter of .1% in price. For e.g.
If Resistance = R1, R2, R3 and Supports = S1, S2 S3,
Then Buy = Cross (C, 1.1R1)
However, this buy should happen when price breaks out above R1 from below, and not when it is falling. The problem that I am facing is this woks well for the breakout. However, even if the price is falling from above R1, it gives me a Buy before price reaches R1, that is, at 1.1 R1.
Can any expert suggest how to overcome this problem?
I have got one pivot trading afl from the net. I want to include Buy Sell condition with a filter of .1% in price. For e.g.
If Resistance = R1, R2, R3 and Supports = S1, S2 S3,
Then Buy = Cross (C, 1.1R1)
However, this buy should happen when price breaks out above R1 from below, and not when it is falling. The problem that I am facing is this woks well for the breakout. However, even if the price is falling from above R1, it gives me a Buy before price reaches R1, that is, at 1.1 R1.
Can any expert suggest how to overcome this problem?