Support Board
Date/Time: Wed, 27 Nov 2024 13:07:32 +0000
Post From: Higher Time Frame Filter for Automated Strategy
| [2023-08-23 19:54:14] |
| Sawtooth - Posts: 4120 |
|
I'm wondering if 1) there is a better way to filter these periods of transition or 2) is there another study in the Sierra catalog that I should consider?
Use this example formula to determine slope direction:Spreadsheet Example Formulas and Usage: Formula that Matches the Slope Coloring of a Study Subgraph Line If you are using the Trading System Based On Alert Condition study (instead of a spreadsheet study), use the Spreadsheet Formula study, and convert the formula to Alert syntax: where: @3 is [0] @4 is [-1] @5 is [-2] Z4 is [-1] of this Spreadsheet Formula study When using this formula, the slope direction will not change in flat segments. Also, be aware that using the Study/Price Overlay study will occasionally give a signal that disappears, or appears late. The 'Data Copy Mode' and 'Bar Time Matching Method' settings can mitigate this anomaly but there is no way to always avoid them. |