Write a Amibroker trading strategy
Budget: $30 – $250 AUD
I would like to know if anyone can write me a formula to identify swing failure price action. The alert or signal should be generated after the bar fails to close above the parallel swing point. kindly let me know the pricing if you are able to write a formula for this.
Attached is an illustration of what I am looking for. I would like to see this price action in the daily charts.
Scan for the HIGH WITHIN the last 6 months (not the high 6 months ago)
Then, the price drops more than 2 times ATR (daily) from the above 'HIGH'.
Then, the price goes back up after dropping more than 2 times ATR (it doesn't matter how long it takes to go back up).
And finally, the price takes out 'condition 1' (goes above that price) but closes one TICK below that HIGH.
Thanks a lot,
Dhanushka
Attached is an illustration of what I am looking for. I would like to see this price action in the daily charts.
Scan for the HIGH WITHIN the last 6 months (not the high 6 months ago)
Then, the price drops more than 2 times ATR (daily) from the above 'HIGH'.
Then, the price goes back up after dropping more than 2 times ATR (it doesn't matter how long it takes to go back up).
And finally, the price takes out 'condition 1' (goes above that price) but closes one TICK below that HIGH.
Thanks a lot,
Dhanushka