Below is some code which finds buy and sell points based on ATR. I am still
learning afl code.
My question is regarding the construct:
for( i = 4; i < BarCount; i++ )
What is the value of BarCount? Is this examining the 4 most recent barcounts?
How many barcounts are being processed? All of them available for a symbol?
Thank you for your help.
for( i = 4; i < BarCount; i++ )
{
if( L[ i ] >= L[ i-2 ] AND
L[ i-1 ] >= L[ i-2 ] AND
L[ i-3 ] >= L[ i-2 ] AND
L[ i-4 ] >= L[ i-2 ] )
{
support[ i ] = L[ i - 2];
}
else
if( L[ i ] > H[ i-1 ] * 1.0013 )
{
support[ i ] = H[ i-1 ] * 0.9945;
}
else
if( L[ i ] > support[ i-1 ] * 1.1 )
{
support[ i ] = support[ i-1 ] * 1.05;
}
else
{
support[ i ] = support[ i-1 ];
}
if( H[ i ] > trends[ i-1 ] AND
H[ i-1 ] > trends[ i-1 ] )
{
trends[ i ] = Max( trends[ i-1 ], support[ i ] );
}
else
if( H[ i ] < trends[ i-1 ] AND
H[ i-1 ] < trends[ i-1 ] )
{
trends[ i ] = Min( trends[ i-1 ], resistance[ i ] );
}
else
if( H[ i ] >= trends[ i-1 ] )
trends[ i ] = support[ i ];
else
trends[ i ] = resistance[ i ];
}
Plot( trends, "Trends", colorRed );
Plot ( C, "Price", colorBlack, styleCandle );
//Plot( C, "Price", colorBlack, styleBar ); - Original
Buy = Cross( C, trends );
Sell = Cross( trends, H );