I need a specific type of logic to be created to define a "pullback".
Is the logic provided below possible with implementing in the scripter?
Create logic which will look for a sequence where a stock is above the mid bb at all times
And then check if the last 2 bars highs are less than the 3rd bar which is the proposed high.
As long as the 3rd bar has never been broken higher and the price is still above the midd bb, then the 3rd bar stays set as the current high for the pullback
The trigger to enter in a position is when the price breaks above the SET HIGH
This cancels if the price breaches the mid bb.
And then restarts once it has been cancelled or triggered to enter in a position.
Is this type of logic possible?
Is it possible to set one specific candle value while new bars continue to develop?
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