Trendline_LE  [SOLVED]

Questions about MultiCharts and user contributed studies.
Fattyflathead
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Trendline_LE

Postby Fattyflathead » 19 Jun 2019

Can someone please tell me how the Pre built Trendline_LE strategy works ?,

there are other threads here and none is clear on what to do . Presumably the strategy goes long when price crossed a descending manually placed trendline (does the whole candle OHCL have to cross the descending trendline?)

Presumably a short is a candle (OHLC?) cross below an ascending Trendline

this does not generate orders for me and i cant find anything in the Multicharts manual for this.

Can someone please advise as you can see below price crossed to the downside and did not trigger.

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Anna MultiCharts
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Re: Trendline_LE

Postby Anna MultiCharts » 20 Jun 2019

Hello, Fattyflathead!

Trendline LE evaluates only the trendline #1 (Format -> Drawings -> Number column), checks the conditions for time, date and bar type, then if the price of the trendline on the given bar is higher than the High price of the bar, the strategy generates a stop order at the price level of the trendline on the next bar.
The code of the pre-built Trendline LE is written so that it will only work with intra-day time-based and daily resolutions.

If you need more details please view the code of the signal.

Fattyflathead
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Re: Trendline_LE  [SOLVED]

Postby Fattyflathead » 20 Jun 2019

Hi Anna & thanks for the reply , i have observed it and played around with the code a bit and i think i have an idea now :)


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