Pine-script strategy risk allow_entry_in function

Question

I am writing code in pine script and am quite new to pine script. I am using pinescript v5. Following is the code

if high > high[1]
    strategy.risk.allow_entry_in(strategy.direction.long)
else if low < low[1]
    strategy.risk.allow_entry_in(strategy.direction.short)

Pine script gave me following error / warning.

line 103: Cannot use 'strategy.risk.allow_entry_in' in local scope.;
line 109: Cannot use 'strategy.risk.allow_entry_in' in local scope.;
line 113: Cannot use 'strategy.risk.allow_entry_in' in local scope.

Is there any other way out to disable the trend in specific direction. If it cannot be done then I think this function is quite useless.

Answer 1

Delete IFs and try (not sure if it works):

high_condition = high > high[1]
low_condition = low < low[1]
strategy.risk.allow_entry_in(high_condition ? strategy.direction.long : low_condition ? strategy.direction.short : na)

Also, I'm not sure that "na" value is valid as strategy.risk.allow_entry_in parameter, and it is possible that both your conditions are true at the same time, so delete IFs and also try this:

high_condition = high > high[1]
low_condition = low < low[1] 
both_condition = high_condition and low_condition
strategy.risk.allow_entry_in(both_condition ? strategy.direction.all : high_condition ? strategy.direction.long : low_condition ? strategy.direction.short : na)