Hi, the following code uses a 3 day pattern to set up a BUY condition and sells
on a trailing stop.
setup = H < Ref(H,-3) AND Ref(H,-1) < Ref(H,-3) AND Ref(H, -2) < Ref(H, -3) AND
L > Ref(L,-3) AND Ref(L,-1) > Ref(L, -3) AND Ref(L, -2) > Ref(L, -3);
vsetup = ValueWhen(setup,Ref(H,-3),1); // Long Breakout.
Buy = Cross(C,vsetup);
ATR_Mult = Param("Multiple", 3, 1, 10, 1); //How many ATR's to be allowed below
the highest high since latest "buy" bar
ATR_Pds = Param("ATR Periods", 14, 1, 50, 1); //How many periods to use for the
ATR
Sell = Cross( HighestSince( Buy, C - ATR_Mult * ATR(ATR_Pds)), C );
Buy = ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy);
InTrade = Flip( Buy , Sell );
SetOption("EveryBarNullCheck", True );
stopline = IIf( intrade, HighestSince( Buy, C - ATR_Mult * ATR(ATR_pds)), Null);
What happens is that the "vsetup" condition is held even after a BUY/SELL cycle
hence multiple BUY/SELL happen from the original condition before a new
"vsetup" condition is triggered.
What I want to do is reset the "vsetup" condition when either:
1. 5 bars have past without a BUY being triggered, or
2. After the first SELL is triggered.
I seems this is beyond my current level of expertise.
Can I get some help.
Thanks and regards..............Keith
