Condition if CCI becomes oversold and buy when it crosses 0

Author: grtrader

Creation Date: 12/7/2017 12:07 PM

Wealth Lab » Technical Indicators » Condition if CCI becomes oversold and buy when it crosses 0

grtrader

12/7/2017 12:07 PM

I would like to have a program which would set a condition, lets say "Permit Buy" to "on" if the CCI becomes oversold, and to place a buy when the CCI crosses 0 and "Permit to Buy" is "on". When the buy is placed under these conditions, I would like to reset "Permit Buy" to off.

How would you program this?

Eugene

12/7/2017 4:36 PM

Looks like this tutorial perfectly applies to your idea:

Tutorial: Setups, Triggers, Delays, and Timeouts

Eugene

12/7/2017 4:47 PM

Something like this:

CODE:
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grtrader

12/7/2017 5:51 PM

Thanks.

Eugene

12/8/2017 6:19 AM

Just an observation. I've noticed that effect of the setup timeout (setupLastsFor) is hardly visible with your condition (CCI below -100 and crosses above 0). It happens too quickly. But setting a higher threshold (+100) for the cross over lets one evaluate how it performs on a Wealth-Lab chart.