I need helping creating a study for tos to find dips and selling points.

March 8th, 2021, 10:30 PM

Hello. Can someone please create a study for tos that tracks when a stock does 3 things. 1. Closes above its 66-day moving average 2. Is today's close lowest in last 3 days 3. Is today's closing price highest in 19 days? I am essential using a formula to determine a dip and a selling point after. I have a trading station code I can send you if that would help. Tha k you.

March 8th, 2021, 11:51 PM

Maybe I'm misunderstanding, but the last two seem to be conflicting conditions. Today's close can't be the lowest in the last 3 days and the highest in the last 19 days. If you have the trade station code, perhaps that would help better clarify what you're looking for.

Jay

March 9th, 2021, 07:45 AM

The last one would be my sell. Signal. After buying spy. Thank you so much for asking.
Here is the code though.

March 9th, 2021, 01:02 PM

This is the idea albeit without the money management aspect.

Jay

Code

input lowestClose = 3;
input highestClose = 19;
input trendAverage = 66;

def buySignal = close <= lowest(close, lowestClose) and close > average(close, trendAverage);
def sellSignal = close >= highest(close, highestClose);

addOrder(OrderType.BUY_TO_OPEN, buySignal, price = open[-1]);
addOrder(OrderType.SELL_TO_CLOSE, sellSignal, price = open[-1]);

March 9th, 2021, 04:39 PM

Awesome! Thank you so much!

I need helping creating a study for tos to find dips and selling points.

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I need helping creating a study for tos to find dips and selling points.