In the past few months, I have repeatedly noticed Stocks often fall outside the lower Bollinger Band, which then were bought in the short term, so that a few days later, the price was again at or in the Bollinger Band.
The criteria are as follows: A complete daily candle must be formed below the Bollinger Bands. Alternatively, a formed trading signal could also exist if a candle with a trading range of more than 3% to 90% was formed below the Bollinger Bands.
On the next trading day, a buy signal is triggered as soon as the daily high of the previous day is slightly exceeded. Following the opening of a long position, a stop loss is placed to reduce the risk to 2% to 4%.
So I wanted to ask if there is already such a sample system availabe under WL7?
The criteria are as follows: A complete daily candle must be formed below the Bollinger Bands. Alternatively, a formed trading signal could also exist if a candle with a trading range of more than 3% to 90% was formed below the Bollinger Bands.
On the next trading day, a buy signal is triggered as soon as the daily high of the previous day is slightly exceeded. Following the opening of a long position, a stop loss is placed to reduce the risk to 2% to 4%.
So I wanted to ask if there is already such a sample system availabe under WL7?
Rename
QUOTE:
a trading range of more than 3% to 90% was formed below the Bollinger Bands.
I don't know what this part means exactly, but the rest of the rules can be obtained using a Building Block Strategy. Did you try it?
QUOTE:
I don't know what this part means exactly, but the rest of the rules can be obtained using a Building Block Strategy. Did you try it?
The price drop on that day must be at least -3% and the candle body must be at least 90% outside the lower band.
I have not done anything yet. Just thought I'd ask if something like this already exists before I make the effort by myself.
Edit: I wonder how to build a 90% candle body outside the lower band using a building block?
QUOTE:
the candle body must be at least 90% outside the lower band.
In C# code it's trivial. Having support for math operations on Blocks would make it effortless but it's not there yet. Please vote for this feature request:
https://www.wealth-lab.com/Discussion/Indicator-Advanced-Options-for-Building-Blocks-5953
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