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Conditions


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Conditions

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  #1 (permalink)
Las Vegas, Nevada
 
Experience: Beginner
Platform: Think or Swim
Trading: Stocks
 
Posts: 14 since Apr 2014
Thanks: 0 given, 0 received

I understand that you can write conditions to open/close based on a MA cross or another study. But can a condition be based on price move? For example, sell when price moves 1 point (futures)

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  #2 (permalink)
Jackson, MS
 
 
Posts: 27 since Dec 2015
Thanks: 1 given, 4 received

Yes, it can. You must define the condition that will begin the price move, then define that condition plus or minus 1 point. It may be a recursive variable if complex. To follow your example, if price close/hi/lo crosses above moving average within 3 bars and OHLC is (moving average +1 point) then do X.

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