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Date/Time: Mon, 16 Sep 2024 20:43:43 +0000

Post From: Color bar based on alert condition

[2024-07-03 22:00:18] Link To Thread - Link To Post [Go To First Post]
User132992 - Posts: 34
Hi SC team, Im doing some back testing looking at the interaction of price and a dynamic band indicator: the band adjusts according to how price moves over the course of the last 50 bars on a chart (i.e. the bands position moves around and is not set until 50 bars have happened after the current bar). Im running into some problems doing some back testing - sometimes the alert condition goes off at the very hard right edge and a 'true' alert condition is triggered. However, as the market proceeds forward in time (and more bars are created) the bands are always moving and some of the alert conditions reverse i.e. some signals from the hard right edge are invalidated and bars that were colored, are no longer. This is giving me some false negative readings in my back testing and skewing results. Is there any way to configure the color bar based on alert condition study so that if the alert is triggered just once (i.e. the color bar is produced) it stays triggered regardless of conditions after the first occurrence of the alert? This way I will be able to see all of the generated signals and get a more accurate picture of if the system has any edge. I appreciate your help, Thanks ND