Metastock Indicator Formula |
Contratrend Buy |
| Entry next day Open with 2 % SL and 50 % Exit at 4 % above Entry and balance 50 % at 2nd 70 value of RSI(14) |
| Formula: |
a:= LLV(RSI(14),20)< Ref(LLV(RSI(14),20),-2) AND LLV(RSI(14),20) < 35;
b:= If(Ref(a,-1) =1 AND a =0 ,1,0);
m:= Alert(b,10) AND WillR(14) < -95;
n:= If(Ref(m,-1) =1 AND m =0 ,1,0);
n;
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