LDL2 [Rev.B] by Eugene


Sets a limit price based on the current bar price where the low price is added to the close price and then divided by 2. This result is then multiplied by a default factor of 0.94 to set the limit price. If the position is then held for 2 (default) bars, the position is sold at market. This system is intended to enter the market at oversold levels and exit after over reaction has leveled off.

Revision B (2020/06/06):

Added automatic detection of Wealth-Lab Developer/Pro and using correct data for splits.

Revision A (2015/11/2018):

Replaced the check for penny stock price ($5) with a reverse-adjusted metod that does not peek. The optional DataSeries on the PricePane is the actual price level that the stock traded in the past.

Note! Requires updated fundamental data to run (Yahoo! Finance or Fidelity provider depending on program version).

Author: Eugene
Category: Dip Buyers
Creation Date: 6/29/2020
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"
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