Price Channel LE: Difference between revisions
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A buy stop order is placed next bar at the highest High of the number of bars | A buy stop order is placed next bar at the highest High of the number of bars specified in Length input (upper band) plus one point. | ||
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Latest revision as of 12:17, 12 October 2021
Price Channel LE generates a long entry order when the current price breaks above a price channel.
A buy stop order is placed next bar at the highest High of the number of bars specified in Length input (upper band) plus one point.
This signal generates a long entry only. Use Price Channel SE for entering a short position.
Default Inputs
Length (20) - number of bars used for the upper band calculation.
