My entry requirements are on a 1 min chart, however I do not want to take the trade unless the current RTH daily range exceeds a certain value.
The Daily chart for ES in NT8 is not RTH data, so I set a 1440min so it would be intraday RTH data only
I coded the following in Strategy builder (for a long) but it does not follow this logic...any ideas:
Default input[0] < (Open of <Primary> (1440 Minute)[0] - (Height))
Screen shot of that input attached
I have the "Height" input set to say 40
So that means the Open value of the day, which should be the open of the 1440min bar - 40 is a parameter.
Say 1440 bar opens at 4380, then 4380-40 = 4340, then 4340 is a parameter for the strategy to use
So that means on the 1 min chart, if the current close is higher than 4340 then if should not take a long trade
It should not take a trade because the strategy has been told the current 1 min close must be less than 4340
That is what is coded, however the strategy is taking trades when the 1 min close is above 4340
I also tried the "Range" indicator on 1440 min to exceed a Numeric Value, that doesn't work either
Anyone have any ideas how to exclude trades if the daily range is less that the "height" parameter that is set in the strategy?
thanks
Glen
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