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    Limit Trades in zone above baseline Indicator defined by 1x ATR

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    • M
      money123456 last edited by

      I have a baseline indicator (JMA Starlight) on my chart (buy above sell below)

      I want buys to only trigger when the candle crossing the baseline close is less than or equal to a distance of 1 ATR from the baseline
      0_1567492037472_94557213-c04f-4f13-ac9c-65a9030cc02f-image.png

      I think there is a complication with YEN Pairs

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      • l'andorrà
        l'andorrà last edited by

        Do you have any initial project to begin with? If so you can share it here and I will take a look.

        (English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.

        (Català) Miraré d’ajudar tothom en aquests fòrums d’fxDreema. Tanmateix, si vols aprendre a fer servir la plataforma amb més profunditat o més de pressa, t’hi puc ajudar amb el meu curs d’introducció a fxDeema en català a https://www.theandorraninvestor.eu/ca.

        (Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.

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        • T
          trader.philipps last edited by

          Hi @money123456 , see the NNFX template thread for the JMA with ATR indicator. However, I'm also thinking about the right way to use fxdreema blocks for the condition.

          Usually I'd expected to check closed price of candle ID1 if it is X> JMA value (for long trade). However, I think fxdreema works here a bit different with that condition.

          I found this example on EURAUD daily chart.
          0_1567536341863_Auswahl_510.png

          Candle (1) candle closed under JMA line .. that's okay. Candle (2) opened with a gap and hence fxdreema wouldn't find a valid condition. And finally for fxdreema logic candle (3) would give a valid long signal (ignore ATR linits here).
          The candle (3) opened above JMA line and closed above. But the low was below indicator line. I observed that fxdreema would if checked for condition closed price x> JMA value give a valid long signal.

          Hence I think that for checking the condition "closed above" intends that the open was below the indicator! Do you agree?
          Finally I have no clue yet, how to deal with the gap between candle 1 close and candle 2 open. Uusally I'd expect it to be a valid "closed above" by NNFX meanings. What do you think?

          I like to share my knowledge, but expect the others to contribute as well.

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