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Date/Time: Fri, 27 Dec 2024 06:53:58 +0000



Post From: How get Audio Alert on Renko chart?

[2020-04-10 14:50:14]
rainbow47 - Posts: 68
Thanks for the update!

I will do some testing now. I am just wondering what these new settings mean?

Condition Summation
Search Area
How many trendy candles
Filtered by color bar
ColorBar Alert study

Can I find a description somewhere to understand how to use it?


I am trying to use a "Trading System Based on alert Condition" which avoids to trade on the short term fluctuation of prices but captures the longer term trends. At the moment I am using SG3 and SG4 for entry/exit and allow to reverse the position. Unfortunately it would still enter trades on the first bar which I want to avoid. It should only reverse the position if the new trend shows at least 3 bars.


I attached a picture where I try to visualise the Long/Short points assuming the model enters on the third bar of a trend.
Date Time Of Last Edit: 2020-04-10 15:24:28
imageCapture.JPG / V - Attached On 2020-04-10 15:24:01 UTC - Size: 181.69 KB - 454 views