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Color bar based on alert condition(IF)
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Color bar based on alert condition(IF)

  #1 (permalink)
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Color bar based on alert condition(IF)

I currently have a color bar based alert setup that paints a bar using
=CROSSFROMBELOW(ID7.SG1, ID1.SG5)

I would like to add another condition in so the alert only paints the bar IF price exceeds the highs of the prior 3 bars before crossing back below CROSSFROMABOVE(ID7.SG1, ID1.SG5)

Any help would be appreciated.

Cheers

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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  #2 (permalink)
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If you want to 'store' the crossover event until/if price exceeds the previous 3 highs, you'll need to use a spreadsheet study, as this exceeds the capability of Simple Alerts.

If the crossover occurs concurrently with price exceeding the previous 3 highs, you could use this:
=AND(CROSSFROMBELOW(ID7.SG1, ID1.SG5),C>MAX(H[-1],H[-2],H[-3]))

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  #3 (permalink)
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tomgilb View Post
If you want to 'store' the crossover event until/if price exceeds the previous 3 highs, you'll need to use a spreadsheet study, as this exceeds the capability of Simple Alerts.

If the crossover occurs concurrently with price exceeding the previous 3 highs, you could use this:
=AND(CROSSFROMBELOW(ID7.SG1, ID1.SG5),C>MAX(H[-1],H[-2],H[-3]))

Thanks Tom, I thought that might be the case. Occurring concurrently is still useful though, so really appreciate that.

Aside from what's provided on the SC website, is there any other good resources for learning how to use the spreadsheet studies? I'm not familiar with them at all.

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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