Since it is only possible to enter a trade at candle open or close price, can someone please tell me the difference between the following two logics when written in streak entry conditions:
close (0) higher than high (-1)
&
close (0) crosses above high (-1)
Let us understand the “crosses above” and “higher than” concepts using an example: In general, if the condition on the previous candle is false and the condition on the current candle is true, then the cross above logic is said to have met.
Say for condition "Close(0) crosses above high(-1) " to be true in a live market, the condition in the current candle should be true (i.e close crossing above the previous candle high) and the condition in the previous candle should be false (i.e the previous candle close should not cross the high of the high(-2) candle).
Now for condition "Close(0) higher than high(-1) " to be true, the condition in the current candle should be true (i.e. close being higher than high(-1).
Hope this helps.
