Can anyone write this indicator?
http://www.traders.com/Documentation...OREXfocus.html
Basically it is a RSI(21) and ATR(21) on a H1 or H4 chart.
When RSI crosses 50, buy at the close of that bar + 20% of that bar's ATR (1st lot)
When RSI crosses 60, buy another lot (2nd lot)
When RSI crosses down 70, close the 1st lot.
When RSI crossed down 50, close the 2nd lot.
Stop is set at 30% ATR below the entry price.
Thanks
http://www.traders.com/Documentation...OREXfocus.html
Basically it is a RSI(21) and ATR(21) on a H1 or H4 chart.
When RSI crosses 50, buy at the close of that bar + 20% of that bar's ATR (1st lot)
When RSI crosses 60, buy another lot (2nd lot)
When RSI crosses down 70, close the 1st lot.
When RSI crossed down 50, close the 2nd lot.
Stop is set at 30% ATR below the entry price.
Thanks