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Incorporate ADX rule


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frugalmule's Avatar
 frugalmule 
Waco, TX, USA
 
Experience: Intermediate
Platform: TradeStation
Trading: Forex
Posts: 5 since May 2013
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Mike, thank you for the earlier communications. My Elite Membership has been paid and I would greatly appreciate any assistance with this. - 6-28-13 at 4:50 CST

I need to amend the strategy below as follows:

It should not allow any new trade or exit (long or short) to be triggered unless ADX is first above 20 before the trigger occurs.
It also should hold positions throughout the day but not hold any positions overnight.

Assistance is greatly appreciated.

 
Code
{062713 TRP and TS Support Convert Aroon Oscillator to Strategy}

{ Reference: Tushar S. Chande, "A Time Price Oscillator", Technical Analysis of   
  Stocks & Commodities, V. 13:9 (369-374) }  
  
inputs:  
	int AroonLength( 25 ) ;  // Aroon length  
 
{ 
Started with the built-in Aroon Oscillator indicator.  Converted it to a strategy 
by: 
 
1) Remove all plot statements - these do not work in strategies 
2) Converting Alerts to entries or exits 
} 
	   
variables:  
	double AroonOscValue( 0 ),  
	bool EntryCondition( false) ;  
  
//  Calc the Aroon Oscillator value using the built-in AroonOsc function 
AroonOscValue = AroonOsc( AroonLength ) ;  
 
//  Check that we are past the first bar of the chart to prevent spurious entries 
if CurrentBar > 1 then begin  
 
	//  Cross over zero triggers long entry or reversal from short to long 
	if AroonOscValue crosses over 0 then  
		Buy at next bar at market 
		 
	//  Cross under zero triggers short entry or reversal from long to short 
	else if AroonOscValue crosses under 0 then  	 
		SellShort at next bar at market ; 
 
end ;

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Last Updated on June 28, 2013


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