In Wealth Lab 6.9 there was a "Gap Down" condition, where you could set the percentage for the gap.
Is this possible in WL 7.0? I mean, "Indicator % Above/Below to Indicator" would only work if I could refer to yesterdays low. So, comparing todays high with yesterdays low.
Or is there another way to do it?
Best regards
Werner
Is this possible in WL 7.0? I mean, "Indicator % Above/Below to Indicator" would only work if I could refer to yesterdays low. So, comparing todays high with yesterdays low.
Or is there another way to do it?
Best regards
Werner
Rename
Currently there is no Gap condition in Blocks but we're discussing how to implement it best because the Indicator conditions you just mentioned are not sufficient for the purpose.
If you wish to backtest gaps, for now you might want to resort to the included "Gap Closer" strategy (code-based, in "Sample Strategies" folder).
If you wish to backtest gaps, for now you might want to resort to the included "Gap Closer" strategy (code-based, in "Sample Strategies" folder).
I think it would be great to have the following variables available for the conditions:
high (yesterday)
low (yesterday)
open (yesterday)
close (yesterday)
That would enable to identify gaps and would make many other criterias possible.
high (yesterday)
low (yesterday)
open (yesterday)
close (yesterday)
That would enable to identify gaps and would make many other criterias possible.
"Indicator compare to Indicator" has "How many bars ago" which implements exactly this comparison to yesterday or whatever bars ago you set. Also there's a more general Qualifier block called "N Bars Ago".
Eugene, thanks. So, with this a gap condition can be created? Comparable to the function in WL6.9 - where you could require a specific amount - e.g. a 5% gap?
Best regards
Werner
Best regards
Werner
No, we would need to add a "How Many Bars Ago" parameter to the "Indicator % Above/Below Indicator" Condition Block, just like the one in "Indicator Compare to Indicator". Once we did this, gaps could be realized with this Block. We should be able to make this handy addition ASAP!
It is in place for Build 12.
Updated the WL6 to WL7 cheat sheet!
https://wl6.wealth-lab.com/Forum/Posts/Rules-WL6-gt-Building-Blocks-WL7-40617/
https://wl6.wealth-lab.com/Forum/Posts/Rules-WL6-gt-Building-Blocks-WL7-40617/
OK, thanks everybody!
Let's also have a simple gap condition in PowerPack's build 8:
Also don’t forget that Gaps can already be modeled in standard Building Blocks as described on Post #5.
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