I would like to have a switch that measures average true range of a daily bar so that I can turn on/off my strategy using 5 min bars. I'm am new to using 2 data streams if that is what is needed. Anybody have any ideas for how to code my 5 min strategy to turn off/on using a different time frame measurement?

I got this code from Kevin Davey but not sure how to apply it to my EL code:

 

Code

CANTRADE=TRUE If TrueRange>AvgTrueRange(5) then CANTRADE=FALSE; If CANTRADE Then begin If close>close[1] then sellshort next bar at market; If close<close[1] then buy next bar at market; End; If CANTRADE=False Then begin Sell next bar at market; Buytocover next bar at market; End;

jburke75,

when working with multiple data streams you need to tie variables to the specific data streams
and also make sure to call the function on the desired data stream.
You can find a good example for the ADX here: https://community.tradestation.com/discussions/Topic_Archive.aspx?Topic_ID=28896

Regards,

ABCTG

jburke75 

I would like to have a switch that measures average true range of a daily bar so that I can turn on/off my strategy using 5 min bars. I'm am new to using 2 data streams if that is what is needed. Anybody have any ideas for how to code my 5 min strategy to turn off/on using a different time frame measurement? I got this code from Kevin Davey but not sure how to apply it to my EL code:   Code CANTRADE=TRUE If TrueRange>AvgTrueRange(5) then CANTRADE=FALSE; If CANTRADE Then begin If close>close[1] then sellshort next bar at market; If close<close[1] then buy next bar at market; End; If CANTRADE=False Then begin Sell next bar at market; Buytocover next bar at market; End;

ABCTG 

jburke75, when working with multiple data streams you need to tie variables to the specific data streams and also make sure to call the function on the desired data stream. You can find a good example for the ADX here: https://community.tradestation.com/discussions/Topic_Archive.aspx?Topic_ID=28896 Regards, ABCTG

The link you gave me didn't work for some reason.