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« Sign | Main | Simple Bear Hammer »
Sunday
Jan202013

Signal (End)

Signal (End)

Prodigio Description:
Action that generates a trading signal. If the "forming bar" parameter is "on", signals will fire as OHLC bars are still forming (i.e. it doesn't wait for the bar to close at the end of the interval).  If more than one rule is linked together, the "forming bar" parameter at the very end of the rule chain is used.
 
Further Explanation:
Signal is the last node in the chain of nodes for every rule or sub-rule.
 
Note: Having Forming Bar on can make some rules prone to whipsaw trading.  See Getting control of intra-day signals in daily timeframe rules  in the RoadRunner's Nest for a more controled aproach to getting faster signals.

 

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