Use trigger lines on indicators (especially RSI) for buy and sell

HA

• December 20, 2023 19:28

I would like to be able to use indicators as triggers to buy and sell. All other buy and sell conditions would be the same I suppose. I use this with RSI heavily in my trading and would like to be able to make this super efficient which VEMA can do. In this case there will be no regard to a price target, I wont care about the price in this, I only want to buy and sell on the RSI hitting the RSI trigger line. 

Could this be implemented please?

0

• Official comment

  

  Richard Morwood

  • December 21, 2023 02:26

  Intersting idea HA. I've got a question on how it would work;

  "In this case there will be no regard to a price target, I wont care about the price in this"

  VEMA does the position size calculation based on the position of your StopLoss. This is required to make sure VEMA is using teh correct accountRisk%.
  Where would the StopLoss go?
  Would it be a certain % distance away from your entry price?
  Would it still be a value you could set yourself?

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