Use of indicator's result

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Use of indicator's result #450716
04/21/15 08:07 04/21/15 08:07

Joined: Feb 2015
Posts: 45
Italy

forexcoder Offline

OP
Newbie

forexcoder Offline

OP
Newbie

Joined: Feb 2015
Posts: 45
Italy

Hi all. I have the following doubt:
if I use an indicator, for example the BBands, how can I use its resluts? For example, it is correct the following script:

Code:

vars PriceH1 = series(price());
vars TriggerLine = series(LowPass(PriceH1,optimize(7,5,9)));
BBands(PriceH1,20,2,2,MAType_SMA);
	
Stop = optimize(4,2,8) * ATR(60);
TakeProfit = optimize(4,2,8)*ATR(60);
	
if(crossOver(TriggerLine,rRealLowerBand)) 
		enterLong();
else if (crossUnder(TriggerLine,rRealUpperBand)) 
		enterShort();

or is correct this one:

Code:

vars PriceH1 = series(price());
	vars TriggerLine = series(LowPass(PriceH1,optimize(7,5,9)));
BBands(PriceH1,20,2,2,MAType_SMA);
vars upperBand = series(rRealUpperBand);
vars lowerBand = series(rRealLowerBand);
	vars middleBand = series(rRealMiddleBand);
Stop = optimize(4,2,8) * ATR(60);
TakeProfit = optimize(4,2,8)*ATR(60);
	
if(crossOver(TriggerLine,lowerBand )) 
		enterLong();
else if (crossUnder(TriggerLine,upperBand )) 
		enterShort();

in which I use series (lowerBand ecc.) instead of varables (rRealLowerBand ecc.).
Thanks.

Last edited by forexcoder; 04/21/15 08:10.

Re: Use of indicator's result [Re: forexcoder] #450717 04/21/15 09:56 04/21/15 09:56
Joined: Jul 2000 Posts: 27,986 Frankfurt jcl Chief Engineer
jcl Chief Engineer Joined: Jul 2000 Posts: 27,986 Frankfurt	You need series. crossOver/Under works also with a constant threshold, so your first code is also formally correct, but can miss crossovers because the BBand borders are not a constant value.

Re: Use of indicator's result [Re: jcl] #450726 04/21/15 14:04 04/21/15 14:04
Joined: Feb 2015 Posts: 45 Italy forexcoder OP Newbie
forexcoder OP Newbie Joined: Feb 2015 Posts: 45 Italy	So the correct version is the second one. Is it right?

Re: Use of indicator's result [Re: forexcoder] #450727 04/21/15 14:21 04/21/15 14:21
Joined: Feb 2015 Posts: 45 Italy forexcoder OP Newbie
forexcoder OP Newbie Joined: Feb 2015 Posts: 45 Italy	I tried both verions and both work (no error). But the first one gives a much better result.

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