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Used in combination with If and Then to form a conditional statement that executes specific instructions if a logical expression is false.
The conditional execution statement must contain both If and Then in addition to Else.
For more information see If.
If E Then I1 Else I2
Where: E - a true/false expression
I - conditional instructions
If UpTrend is true then buy and if UpTrend is false then sell short:
If UpTrend Then Buy Next Bar Market Else SellShort Next Bar Market;