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Entering Position before moving averages cross
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Entering Position before moving averages cross
How do I create a condition for entering a position when two moving averages are 5 ticks or less from each other?Tags: None
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Hello tpearson00,
Thank you for your post.
You can either subtract the value of one moving average from the other and check if this is less than 5 ticks. Both code examples below do the same thing:
orCode:if (Math.Abs(EMA1[0] - EMA2[0]) < 5 * TickSize)
Code:if (Math.Abs(EMA1[0] - EMA2[0]) * TickSize < 5)
Multiplying by the tick size converts it to the value in ticks.
Please let me know if you have any other questions.
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