Questions
Do you need assistance in -
1) strategy development or
2) writing out the EL for existing strategies?
Furthermore, which version of TS are you utilising?
Thank you StratOpt. You have precisely and clearly noted a factor that I had failed to effectively note - that is, the bands have a one day lag to the current day's prices.:)
Example
EL for 10 day RSI and moving average using closing prices:-
Plot1(RSI(close, 10));
Plot2(Average(close, 10));
Save and plot as one indicator in TS.
The purpose of the bands is to provide 1) the entry price to enter long or short and, 2) the stop price to use. The condition to enter long or short is determined by the moving average, not the price on the upper and lower bands.
goodluck