How to I keep the variable once an event occurred? For example, once RSI becomes overbought, I want the condition1 = true, and then look for breakouts.

A simple "if RSI (close, 14) < 30 then condition1 = true" doesn't work, because in the next several bars it can move above 30, while the breakout I want hasn't happened.
How do I keep the condition or a variable the same once it occurred, even if it changes in the next several bars?

Small Dog 

How to I keep the variable once an event occurred? For example, once RSI becomes overbought, I want the condition1 = true, and then look for breakouts. A simple "if RSI (close, 14) < 30 then condition1 = true" doesn't work, because in the next several bars it can move above 30, while the breakout I want hasn't happened. How do I keep the condition or a variable the same once it occurred, even if it changes in the next several bars?

Surely it can only change back if you change it back (or reset it)?

Small Dog,

as @SMCJB correctly pointed out a condition written as

if RSI( Close, 14 ) < 30 then rsiWasBelow30 = true ;

will remain true unless you reset the variable back to false somewhere in your code.

If you evaluate the condition the following way

rsiWasBelow30 = RSI( Close, 14 ) < 30 ;

rsiWasBelow30 would be false if the RSI is >= 30.

I would suggest using the print reserved word to check the value that your variable holds at different bars.

Regards,

ABCTG

Small Dog 

How to I keep the variable once an event occurred? For example, once RSI becomes overbought, I want the condition1 = true, and then look for breakouts. A simple "if RSI (close, 14) < 30 then condition1 = true" doesn't work, because in the next several bars it can move above 30, while the breakout I want hasn't happened. How do I keep the condition or a variable the same once it occurred, even if it changes in the next several bars?

Thanks for the replies. I suspect I am not terribly bright when it comes to coding. Currently I am struggling with another code, sort of related to the earlier one.

I am trying to get the strategy to go long if both RSI of weekly and RSI of daily price are below a value. I thought the code should be as simple as that:

If RSI (close, length) < 30 AND RSI (close of Data2, length) < 10 then buy this bar at close; //Default timeframe is daily, Data2 is weekly

For some reason it doesn't work, and the strategy doesn't take trades. I tried RSI (close of data2, length[1] and CloseW (1). Doesn't work. What am I missing? Should I assign a variable to the weekly rsi and use that instead? As in RSI (close of data2, length) = o_sold; if 0_sold <=10 the buy etc.

Any help would be appreciated.

Small Dog,

I would suggest starting with the free EasyLanguage Essentials PDF that will give you a good, solid foundation of the basics. This includes how you can correctly compute functions on secondary data series.

As previously suggested, use the print reserved word to check what is going on within your code i.e. are conditions fulfilled or not, are values different than you think they should be etc.. This usually is an invaluable tool for tracking code issues down.

Regards,

ABCTG

Small Dog 

Thanks for the replies. I suspect I am not terribly bright when it comes to coding. Currently I am struggling with another code, sort of related to the earlier one. I am trying to get the strategy to go long if both RSI of weekly and RSI of daily price are below a value. I thought the code should be as simple as that: If RSI (close, length) < 30 AND RSI (close of Data2, length) < 10 then buy this bar at close; //Default timeframe is daily, Data2 is weekly For some reason it doesn't work, and the strategy doesn't take trades. I tried RSI (close of data2, length[1] and CloseW (1). Doesn't work. What am I missing? Should I assign a variable to the weekly rsi and use that instead? As in RSI (close of data2, length) = o_sold; if 0_sold <=10 the buy etc. Any help would be appreciated.

As a typical lazy and not a very bright coder I went to Upwork and got someone else to do it.

A terrific resource, by the way, and I used it quite a few times.