1-2-3 Reversal
From MultiCharts
Article/Author: Ulf Jensen
Description: This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183.
Signal 1-2-3 Reversal ELA Code:
[LegacyColorValue = TRUE];
{ 1-2-3 Reversal }
{ This System was created from the Book "How I Tripled Ny Money
In The Futures Market" by Ulf Jensen, Page 183. }
VALUE1=@SlowK(9);
VALUE2=@SlowD(9);
CONDITION1=Close[2] < Close[1];
CONDITION2=Close > Close[1];
CONDITION3=VALUE1>VALUE1[1];
CONDITION4=VALUE2<50;
CONDITION5=Close[1]>Close[2];
CONDITION6=Close<Close[1];
CONDITION7=VALUE1<VALUE1[1];
CONDITION8=VALUE2>50;
IF CONDITION1 AND CONDITION2 AND CONDITION3 AND
CONDITION4 THEN BUY NEXT BAR AT MARKET;
IF Condition5 and CONDITION6 AND CONDITION7 AND
CONDITION8 Then Sell NEXT BAR AT Market;