Basic rules for signal setup

Hello,

What’re the basic rules of blocks combination for signal setup?

Why SQ can never generate the signal like head-shoulders or 2nd cross over?

For example, the second cross above or below of move average or MACD signal  is very common for entry setup.

Trend line break, W bottom/ M head, head and shoulders, real price patterns, not only one or two CANDLES.

Is there no calculation or comparison like MRO, SwingHighBar  in SQ?

 

 

MRO, SwingHighBar  are the functions in EL.

The MRO (Most Recent Occurrence) function returns the number of bars ago the specified expression was True. Or, if
the specified expression did not occur within the last x number of bars, the function informs you of such.
Syntax
MRO(Test, Length, Instance)
Returns (Integer)
A numeric value containing the number of bars ago that the specified Expression was True; -1 if Expression was
not found to be True within the last Length bars.

 

The SwingHighBar function returns the number of bars ago a Swing High bar occurred.
Syntax
SwingHighBar(Instance, Price, Strength, Length)
Returns (Integer)
A numeric value containing the number of bars ago the specified Swing High occurred, or -1 if not found.

Hello,

signals like head & shoulders are a very subjective thing for interpretation. We plan to implement some kind of pattern recognition in future but not the only way how to make something like this work (2nd MA cross) would be to setup an AlgoWizard template

As for 2nd cross specifically I am very skeptical it will work to certain extent. Do you have any working system using this for example? I mean without provide an broader contextual information it is doomed to fail in a long run – just randomness

As for ‘swing bar’ – how do you define the swing bar?