tradestation to english translation

Discussion in 'Strategy Development' started by Pig Porky, Apr 5, 2004.

  1. Someone please tell me what this means in English. Thank you..

    range = avgtruerange(10);
    if x = 1 then buy tomorrow at high+.20*range stop;
     
  2. range is a variable that calculates the average range of the last 10 days i don't know what x means but if it ever equels 1 then the system will buy tomorrow at the high of the day plus 20% of the average true range for the last 10 days at a stop price as opposed to a limit or market order
     
  3. abogdan

    abogdan

    It will buy next bar at the high of this bar
     
  4. abogdan

    abogdan

    I meant it will buy at the high of THIS BAR multiplied by that coefficient