I have a strategy in nifty.
I will use 30 min chart. I will use 3 Rd candle as reference.
After 3 Rd candle is complete. I will take high and low of 3rd candle as reference. If nifty moves above that high I will go long. If it breaches the low, I will go short. Can I backtest the strategy in PI. If so, what would be the coding ?
Newbie here, but this might help.
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BUY
TREND(CLOSE, 3) = DOWN AND CLOSE > REF(HIGH, 1)
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SELL
TREND(CLOSE, 3) = DOWN AND CLOSE < REF(LOW, 1)