If a BUY signal is given by the Super trend Indicator. I would like to purchase whenever any candle crosses above the price of RS 3 plus the High of the Candle (Buy Candle identified by the Super trend indicator). This can be the immediate candle or a candle later on.
How do I code this in Streak as an Entry Signal.
Hi Victor, did you get any response for this logic…?
are you able to create the logic in Streaks… I am also looking for the same logic…
Hi Mahesh, Noy yet received any reply.
Please note that your requirement can not be implemented in a single condition currently. This is because a candle marking feature will be required to create the conditions in a single line. The feature is already a part of our roadmap and will be released with our future updates.
Meanwhile, as a workaround, you can write the conditions “Close(-1) crosses above Supertrend(7,3,-1) and Close(0) higher than High(-1) + 3”
The above conditions will trigger an entry when in the previous candle the Supertrend has turned green and the current candle closes above the high+3 points of the previous candle
Now, if in the current 5min candle the high if the previous candle is not broken and you want an entry if the high is broken in the next candle then you will have to increase the offset respectively. You can refer to the below link where we have created the conditions for 5 candles. (i.e. the Supertrend breakout candle high is broken in the next 5 candles.
You can add more conditions by increasing the offset respectively and adding the ‘OR’ after each condition.
To learn more about the offset feature through the below link-
https://help.streak.tech/scanner/#indicators
Hope this helps.