Analysis Techniques & Strategies
The Fundamntl & Chan LE strategy is used for long entries and first determines if the fundamental setup conditions are met, then buys when the price breaks above the highest price over a range of bars.
|FundField||String||SDBF||Specifies the short name of the fundamental data to read.|
|MomOrAccel_Oor1||Numeric||0||Sets whether to base the setup conditions on momentum or acceleration. 0 = momentum, 1 = acceleration|
|ChannelLength||Numeric||6||Sets number of bars above which price must break to trigger long entry.|
Long entry based on meeting the specified momentum or acceleration setup condition. Once met, a buy order will be triggered when price breaks above the highest high over a specified number of bars. For more information on the fundamental setup, refer to the FundSetup function.
Order Name: FundChanLE
Related Strategy: Fundamntl & Chan LX
Related Function(s): FundSetup