buy
1.When increase in volume by 2% compared to 10 days average volume and price makes new day high when the primary trend of the stock is uptrend and
2.Current price should have broken the intraday resistance and stayed above the intraday resistance
sell
1.When increase in volume by 2% compared to 10 days average volume and price makes new low when the primary trend of the stock is downtrend and
2.Current price should have broken the intraday support and stayed below the intraday support
Do this on EOD chart-
Buy- VOLUME> 1.02* SMA(VOLUME,10) AND TREND(CLOSE,10) =UP AND LAST>HIGH Sell- VOLUME>1.02* SMA(VOLUME,10) AND TREND(CLOSE,10) =DOWN AND LAST<LOW
Hi Andrew,
What does TREND function denote in the script above? IS it some kind of indicator as well? Sorry, I am pretty new to TRADESCRIPT.
Thanks,
Snehil
TREND will check, if closing prices of candle/ periods are trending UP or down
Trend functions denotes to the primary trend of the stock. i.e Up trend or down trend.
Hi Andrew,
Only after seeing your code, I understood I didn’t give the strategy properly. But thanks for the code. I will work from here on. Thank you so much and much appreciated.
yup! welcome