Stock crosses above daily open

February 2nd, 2021, 09:58 PM

Hello

I have a question on Dailyopen() study, when I included that in a conditional order it shows where the entries are (on the lower part of chart in the conditional order builder), but when I included that in an order, it doesn�t get executed.

Attached is the chart showing order (Its just following the price and not getting executed).

Is there is any way to buy the stock when it goes above the today�s open price of day, on 1 minute time period.

Here is the code for dailyopen() (which come with TOS study ) can this be modified or I�m just looking for a way to buy the stock when it crosses above the daily open.

input aggregationPeriod = AggregationPeriod.DAY;
input showOnlyLastPeriod = yes;
def prevPrice = open(period = aggregationPeriod)[-1];
def price = open(period = aggregationPeriod);
plot DailyOpen = if showOnlyLastPeriod and !IsNaN(prevPrice) then Double.NaN else price;
DailyOpen.SetDefaultColor(GetColor(2));
DailyOpen.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

Thanks.

February 7th, 2021, 08:48 PM

You have created a study that plots your criteria, but to see it as an order and track p&l, you must script info into a strategy with entry/exit criteria. It is virtually the same as plotting but uses syntax for order and is found under the strategies tab. TOS does not auto-trade or Execute live orders from the strategy. It is a testing feature only, though you can place the orders manually.

Order entry/exit examples are located here

https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Others/AddOrder

February 8th, 2021, 03:20 PM

Hello

I understand the TOS doesn�t have Auto Trading feature, and I�m not looking for auto trading.

TOS does offers CONDITIONAL ORDER.

So I�m looking for WAY TO CONDITON THE ORDER that if the LAST PRICE crosses above the DAILY OPEN PRICE, then buy.

Any idea how that can be done.

Thanks.

Stock crosses above daily open

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Stock crosses above daily open