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Date/Time: Sat, 23 Nov 2024 13:58:17 +0000



Post From: Colour Price Bars.

[2013-07-03 13:19:17]
Sawtooth - Posts: 4118
Try this:

Add two instances of the Color Bar Based On Alert Condition study, one for each color/direction.

Put this in the Alerts tab of the 'go long' instance:
=AND(C[-2]<O[-2],C[-1]>O[-1],C>O)

Put this in the Alerts tab of the 'go short' instance:
=AND(C[-2]>O[-2],C[-1]<O[-1],C<O)

This only works if the reversal amount is 3 times the renko bar size.