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OmniScripts
Bull and Bear reversal OmniScript ...
1 replies, 1055 viewings
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OmniTrader Professional Forum
OmniScripts
Bull and Bear reversal OmniScript ...
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Last Activity 9/1/2024 11:18 PM 1 replies, 1055 viewings |
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ap·pren·ticeGuru Veteran  Posts: 122 Joined: 10/22/2010 Location: Columbia, MD  User Profile |
Please help define the below in OmniScript if possible: (1). OmniScript for a bull reversal bars have more than one of the following: • An open near or below the close of the prior bar and a close above the open and above the prior bar's close • A lower tail that is about one-third to one-half the height of the bar and a small or nonexistent upper tail • Not much overlap with the prior bar or bars (2) OmniScript for a bear reversal bars that have: • An open near or above the close of the prior bar and a close below the open and below the prior bar's close • An upper tail that is about one-third to one-half the height of the bar and a small or nonexistent lower tail • Not much overlap with the prior bar or bars Thanks a bunch. | ||
| Jim Dean Sage    Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
I’ve used arbitrary ATR multiples to handle your descriptions that say “near”, “about”, “small” etc … season to taste) I did NOT include logic for your “not much overlap” rule since it was way too vague. How many prior bars? What do you mean by overlap? How much is not much, especially in light of your #1 requirement to have *some* overlap. Good luck! C > O and C > C[1] and O < C[1] * ATR(14)/10 and math.min(O,C) - L >= (H - L)/3 and math.min(O,C) - L <= (H - L)/2 and H - math.max(O,C) < ATR(14)/10 |
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