I wondered whether you could tell me where I'm wrong with this basic formula. I want it to hold my setup for 5 bars and then buy once the high is more than 15% higher than the setup price. I'm having difficulty with the hold and value when functions. Thanks in advance.
Setup = C<BBandBot (C,20,2); Buyzone= Hold(Setup,5); //What I'm trying to say here is once I have a setup, hold it up to 5 periods// SetupPrice = ValueWhen (Setup,H); //What I'm trying to say here is the setup price is the high of the setup// Buy = Buyzone AND H>SetupPrice*1.15; Sell = 0;
