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Date/Time: Wed, 05 Feb 2025 11:00:17 +0000



Post From: Auto enter/exit when Renko bar changes color

[2015-05-27 03:21:48]
Sawtooth - Posts: 4167
You would need to use the Spreadsheet System for Trading study, or a custom .dll programmed in ACSIL.

If you use the spreadsheet study, the formula in cell K3 to enter long would look something like this:
=AND(B4>E4,E3>B3)
In cell M3, to enter short:
=AND(B4<E4,E3<B3)

Also, set the Signal Only On Bar Close (K,M) to Yes.

This is a simplistic example for entries only. If you want to reverse positions at every color change, there are other settings. Start by reading the documentation on spreadsheet studies:
http://www.sierrachart.com/index.php?page=doc/doc_SystemsAlerts.php