Hi,
I would greatly appreciate some help in creating a solution for my query. I want to be able work out the rate of ascent or descent in an indicator to assist in getting a trade entry. For example the value of the macd main line for the previous bar is x and I want to know whether it has dropped by a certain percentage for the current bar.
I think I know how to solve the problem but am unable to put it together.
My proposed solution
- Add a formula block that that has macd of the previous candle on the left and multiply it by a value on the right
- Store this in a variable
- Call this variable on the next bar to see with the macd is lower/higher than that amount
This is as far as I got I am afraid. I am unable to put this together and could not find any topics that helped me.
Kind Regards,
Rob