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head & shoulders
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head & shoulders

  #1 (permalink)
Trading Apprentice
Jerusalem, Israel
Trading Experience: Master
Platform: TradeStation
Favorite Futures: Convertible bonds
Posts: 4 since Mar 2012
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head & shoulders

Breaking down head & shoulders or M.

I am new to easylanguage.
How can I write exit long position and entering short when breaking head & shoulders or M?

I started:
inputs: ValueNewLow (7),
Price( Low ), ConsecutiveBarsDown( 5 ) ;

var ay4B4Shortbar(false);

if Price < Price[1] then
Value1 = Value1 + 1 { the pre-declared variable Value1 is used here as a
"counter" variable to count the number of consecutive down bars }
Value1 = 0 ;

Day4B4Shortbar = low = lowest (Close,ValueNewLow);

if Day4B4Shortbar and Value1 >= ConsecutiveBarsDown then
Plot1( Low, "ConsecDn" ) ;
Alert ;
NoPlot( 1 ) ; { remove the marker }

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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
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This takes a great deal of programming to properly identify the swing hi/low points of the pattern.

You might check here if this is important to you:
suriNotes.com, suriNotes, Stock Research, Futures Trading, Emini Trading, Tradestation, Indicators

I think he has something already programmed for purchase.


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  #4 (permalink)
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