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Date/Time: Sun, 05 May 2024 07:01:04 +0000



Post From: Trading System Alert - use AVAP and BVAP comparison calc for entry confirmation

[2023-06-02 17:00:38]
Sawtooth - Posts: 3993
Do you know if it is possible to combine a calculation in a 'Trading System Based on Alert Condition' with a trigger entry level using a band added to a level?
Use the Bands/Envelope study, Based On the VWAP study's VWAP, like this:
=AND(CROSSFROMABOVE(L,ID2.SG1), BV>=AV*1.5)
where ID2.SG1 is the Bands/Envelope study's Top Band.

If you want use the BVAP/AVAP of the Top Band, add the Round Study Subgraph to Tick Size study, Based On the Bands/Envelope study's Top Band, using a formula like this:
=AND(CROSSFROMABOVE(L,ID3.SG1), BVAP(ID3.SG1,0)>=AVAP(ID3.SG1,0)*1.5)
where ID3 is the Round Study Subgraph to Tick Size study.
Study/Chart Alerts And Scanning: BVAP