Hello, I am trying to use the Drag and Drop method to build a Strategy and one of the things I need to do is to compare the current Value of the RSI to the value for the last 3 days. For example, I would like to know if the 5 period RSI has been dropping for 3 days. Is there a way to do that just with the drag and drop functionality or do I need to program the strategy code?

If I do need to program the strategy code then how whould I write this?

Thanks,
Mike

1. "Create Strategy From Rules"
2. Select an Entry condition,
3. Go to "Conditions" tab
4. Open "General Indicators"
5. Drag and drop the following condition onto the entry: "Indicator decreases a consecutive number of bars"
6. "Click here to select an indicator", select RSI from the list

Ok, I got that. Thank you very much. One more question, let's say I want to verify that the value of the RSI 3 days ago was below 75, how would I do that?

Thanks again.

Never mind, I found the answer. I would use the Indicator is below its value a number of bars ago under General Conditions. Thanks

Actually I am still having a problem with the previous question. I want to verify that the value of the RSI 3 days ago was below 75, how would I do that?

CODE:
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See also CrossOver and CrossUnder functions in the QuickRef.

Continuing this line of enquiry, my (simple) breakout strategy wants to exit at increments (positive and negative) to the rsi of the break-out bar. So if the breakout bar - for instance, the bar that closed above the upper BB and therefore generated a buy signal - had an Rsi of 34 I would like to exit at the close of the bar that crossed over an Rsi of 34 plus or minus 5, whichever came first ( i.e sell at market when Rsi is over 39 or under 29) .

I'm have two probelems locating script for this logic - first, being able to reference the rsi of the bar that generated the buy signal (in my example rsi 34); second, contructing an oco exit that is not decribed in terms of price (eg sell at 2% gain / or 1% loss).

I'm including a drag-and-drop skeleton for the strategy (with an Rsi-based exit that I want to replace as above):

CODE:
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QUOTE:
wants to exit at increments

What does that mean exactly?

QUOTE:
being able to reference the rsi of the bar that generated the buy signal

Create a variable to store the bar number when the BuyAtMarket signal is executed.

QUOTE:
would like to exit at the close of the bar that crossed over an Rsi of 34 plus or minus 5

Use the CrossOver/Under functions that I alluded to previously.

I still don't know what you mean about an incremental exit, but here's what I think you're after for the other two points -

CODE:
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This is exactly what I was aiming for.Thanks, and apologies for the clumsy description - next time I'll stick to English

I continue to be much impressed by WLab's range and versatility

I am looking for something along the lines of the original question here. I would like to use an indicator entrance/exit based on the indicator being x% greater/less than y days ago (i.e. ADX today is 5% > than ADX prior day). Any help/direction would be appreciated.
Thx, Brian

Brian,
When you're looping through the bars, the bar index is the current bar (today for a Daily series). So, bar - x is the index for any Data Series x bars (days) ago.

Example: Color the ADX Pane for ADX today 5% > ADX 8 days ago

CODE:
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Please see the WealthScript Programming Guide for more the basics with useful examples.

Thanks, this is helpful...