PercentR LE
From MultiCharts
PercentR LE (Long Entry) places a long entry order next bar at open when the percent retracement value goes from below the OverSold level to above the Trigger level. If the percent retracement value goes above the OverBought level, the order is cancelled.
Default Inputs
Length - number of bars used for the percent retracement value calculation.
OverSold - at this value the PercentR is considered to be OverSold.
OverBought - at this value the PercentR is considered to be OverBought.
Trigger - this value triggers the entry when PercentR is considered OverSold.
Use PercentR SE for entering a short position.
