I'm a newbie to trading and Strategy Builder and I have a couple of questions.
I want to trigger a long entry with these (3) sequential events:
1. Stochastics below or crosses below 30 (oversold)
2. RSI crosses above midline
3. Enter Long when MACD crosses
If I just plug in these conditions in as noted; I'm thinking it won't trigger the entry because all three events would have to occur within the same bar (current bar or a look-back bar), which I think would be unlikely. Is that right?
More questions:
Assuming the above won't work; can I create a Bool switch which would toggle TRUE by the Stochastics crossing below the 30, and then remain TRUE (regardless of the state of the Stochastics) until toggled back to False by the MACD line crossing and triggering the Long entry?
Is there a better way?
Thanks,
Charlie
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