Difference between revisions of "PercentR LE"
Jump to navigation
Jump to search
(Created page with "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 pe...") |
|||
| Line 8: | Line 8: | ||
'''Trigger''' - this value triggers the entry when PercentR is considered OverSold. | '''Trigger''' - this value triggers the entry when PercentR is considered OverSold. | ||
| − | Use [[PercentR SE]] for entering a | + | Use [[PercentR SE]] for entering a short position. |
Latest revision as of 12:58, 7 October 2021
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.
