ITC - Weekly
For interpretation refer to the July 2004 issue of ACTIVE TRADER magazine.
Entry Long
return ADX(14) < 30 and CrossAbove(Mov(C, 30, S), Mov(C, 60, S));
Exit Long
var
bc:=ADX(14) < 30 and CrossAbove(Mov(C, 30, S), Mov(C, 60, S));
end_var
if BarsSince(bc) <= 10 then return L < Lowest(L,60)\1\;
return Mov(C,30,S) < Mov(C,60,S);
Entry Short
return ADX(14) < 30 and CrossAbove(Mov(C, 60, S), Mov(C, 30, S));
Exit Short
var
sc:=ADX(14) < 30 and CrossAbove(Mov(C, 60, S), Mov(C, 30, S));
end_var
if BarsSince(sc) <= 10 then return H > Highest(H,60)\1\;
return Mov(C, 30, S) >Mov(C, 60, S);
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