Hey so I desparetly need some help with understanding the function of the formulas on amibroker. Its been a week of no progress.. and I cant handle it. Ive ordered a book by Howard Bandy, hopefully it aids in my understanding of formula functions along the way.
So I do not understand what formula I have to use for my momentum strategy (wysiwyg helped me abit but out of embaressment I didnt want to ask him to expand on his example).
I want one of my conditions of entering a trade to be if a new 52 week high occurs. Im assuming i have to use the HHV formula . I understand the first function in the formula is for the number of days to include, for example 250 days. The second part confusws me. Say for example I want to enter after the 2nd or 3rd day if it doesnt go below the 1st days low or close. Is that a completely different formula combined or is that part of the HHV formula.
Also do I have to put a sell function for the program to work? Thank you and sorry for the newbness of the question. I just cant handle a lack of progress and direction.
So I do not understand what formula I have to use for my momentum strategy (wysiwyg helped me abit but out of embaressment I didnt want to ask him to expand on his example).
I want one of my conditions of entering a trade to be if a new 52 week high occurs. Im assuming i have to use the HHV formula . I understand the first function in the formula is for the number of days to include, for example 250 days. The second part confusws me. Say for example I want to enter after the 2nd or 3rd day if it doesnt go below the 1st days low or close. Is that a completely different formula combined or is that part of the HHV formula.
Also do I have to put a sell function for the program to work? Thank you and sorry for the newbness of the question. I just cant handle a lack of progress and direction.
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