Breaking down head & shoulders or M.


I am new to easylanguage.
How can I write exit long position and entering short when breaking head & shoulders or M?

I started:
inputs: ValueNewLow (7),
Price( Low ), ConsecutiveBarsDown( 5 ) ;


var ay4B4Shortbar(false);


if Price < Price[1] then
Value1 = Value1 + 1 { the pre-declared variable Value1 is used here as a
"counter" variable to count the number of consecutive down bars }
else
Value1 = 0 ;

Day4B4Shortbar = low = lowest (Close,ValueNewLow);


if Day4B4Shortbar and Value1 >= ConsecutiveBarsDown then
begin
Plot1( Low, "ConsecDn" ) ;
Alert ;
end
else
NoPlot( 1 ) ; { remove the marker }

This takes a great deal of programming to properly identify the swing hi/low points of the pattern.

You might check here if this is important to you:
suriNotes.com, suriNotes, Stock Research, Futures Trading, Emini Trading, Tradestation, Indicators

I think he has something already programmed for purchase.

Mike

Remember to account for dandruff!