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Rewriting BarsSinceExit(1) on data2
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Rewriting BarsSinceExit(1) on data2

  #1 (permalink)
Elite Member
Futures Experience: None
Platform: TradeStation, MT4
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Posts: 73 since Aug 2015
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Rewriting BarsSinceExit(1) on data2

Hi there,

I am currently using MC and I have the following codes. The current code is working well and is attached to the 30M chart.

      if (((BarsSinceExit(1)=0 AND ExitPrice(1)=HIGH) 
	  OR (BarsSinceExit(1)=1 AND  ExitPrice(1)=HIGH[1]))) 
      		AND (BarsSinceExit(1)=0 OR (ExitPrice(1)>= HIGH)) then cond_1 = false;
I am rewriting the above code for a new chart that has data1 as 1M and data2 as 30M.

Here is what I have done

Variables: High_1(0, data(2));

High_1 = High of data(2);

  if (((BarsSinceExit(1)=0 AND ExitPrice(1) =HIGH_1) 
	  OR (BarsSinceExit(1) =1 AND  ExitPrice(1)=HIGH_1[1]))) 
      		AND (BarsSinceExit(1)=0 OR (ExitPrice(1)>= HIGH_1)) then cond_1 = false;
How can I be certain that BarsSinceExit(1) is referring to 30M and not 1M? Also do I need to worry about ExitPrice(1)? Being it is a price value, it should not matter if it is data1 or data2.

Please let me know you thoughts.

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Hamburg Germany
Futures Experience: Advanced
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Favorite Futures: ES
Posts: 1,672 since Apr 2013
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I am not sure if you can use the reserved words for position information to obtain values from data 2, as you can only enter and exit on data1. Therefore you might have to store the information you need in variable and reference these later. For example store the bar number of data2 when your position exited. Then you can check the current data 2 bar number against this variable to obtain how many data2 bars passed since the exit.



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