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Date/Time: Fri, 27 Dec 2024 18:44:54 +0000



x% Filter rule

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[2016-02-24 08:57:42]
RosselCM - Posts: 4
From one of my text books in finance;

"x% Rules
An x % rule states that you should go long (buy) in foreign currency after the foreign currency
has appreciated relative to the dollar by x % above its most recent trough (or support level)
and that you should go short (sell) in foreign currency whenever the currency falls x % below
its most recent peak (or resistance level). Common x % rules are 1%, 2%, and so forth."

I have been looking trough the Sierra Chart studies to find something like this. Apart from manually reading it of course which would be easy, is there a study to simply highlight it?

Thank you.
[2016-02-24 18:27:31]
Sierra Chart Engineering - Posts: 104368
There is no study which will automatically do this but have a look at using the Chart Calculator drawing tool to assist with this:
https://www.sierrachart.com/index.php?page=doc/doc_Tools.html#ChartCalculator
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing

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