Help me to understand these couple lines of code

NexusFi · 2019-11-07T09:12:31-05:00

def low = chart chart[-1]; def lowcount = if low[1] then 1 else lowcount[1] + 1; def highcount = if high[1] then 1 else highcount[1] + 1; AddOrder(OrderType.BUY_TO_OPEN, low and lowcount

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Updated November 7, 2019

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Help me to understand these couple lines of code

November 7th, 2019, 09:12 AM	#1 (permalink)
shantzzz pittsburgh, pa Elite Member Experience: Intermediate Platform: sierra, ToS Trading: /es Posts: 4 since Nov 2019 Thanks Given: 2 Thanks Received: 1	def low = chart < chart[1] and chart < chart[-1]; def high = chart > chart[1] and chart > chart[-1]; def lowcount = if low[1] then 1 else lowcount[1] + 1; def highcount = if high[1] then 1 else highcount[1] + 1; AddOrder(OrderType.BUY_TO_OPEN, low and lowcount <= 5); AddOrder(OrderType.SELL_TO_OPEN, high and highcount <= 5); What does this script do exactly? Does this trigger a BUY when there is a low in the variable "chart" and a SELL if there is a high within 5 bars? Also, are the "low" and "high" variables of the Boolean type? Appreciate the help of all more knowledgeable than me ie practically all of you.

Last Updated on November 7, 2019