Abbreviation: PriceTargetPnts
Category: Trading Strategy: Exit Signals
Input Parameters:
| Name | Range | Default |
| Trading Strategy | ||
| Target Point Change | Real >= 0 | 5 |
Calculation:
For a long position
If (current closing price – entry price) is greater than or equal to the Target Point Change then
= True (1)
else
= False (1)
For a short position
If (entry price – current closing price) is greater than or equal to the Target Point Change then
= True (1)
else
= False (1)
Discussion:
Indicates when the price advances a specified amount from the entry price. Very useful as an exit signal for a trading strategy.