WebJul 5, 2024 · To set this up, click the drop down menu and select "Price". Then locate "low" in the list of prices. Next, select "crosses below" in the middle column. In the right column, click the drop down menu to select a condition. Pick "Study" and then search for "SimpleMovingAvg" in the list of studies. WebHere, the code for the automated trading in ThinkOrSwim is quite simple: plot signal = if close >= 195 and close < 200 then 1 else 0; This lets us place the order conditions, and you may link it to something like the ask to avoid overpaying or even the mid-price, and set this as a GTC order. If it gets filled, fantastic.
Learning Center - Chapter 7. Creating Strategies - Thinkorswim
WebDec 21, 2024 · That is I want to be able to define what the floating P/L is then be able to have a sell order condition for a % trailing stop based on last highest price. I am using the code … WebThe syntax is: If(double condition, double true value, double false value); This is the simplest and easiest to use. An example is: Plot Maximum1 = If(close > open, close, open); This reads as “If the close is greater than the open, then plot the close. Otherwise/else, if the close is not greater than the open, then plot the open.” This form is very useful as the right-hand side … forecast 37013
Thinkscript - An Introductory Guide - AlgoTrading101 Blog
WebJul 20, 2024 · Below is my TOS ThinkScript code to mark a trade entry and then exit the trade either by hitting the stop loss or the profit target. I cannot get the trade to mark an open price bar, let alone a close. When the AddOrder code is commented out, the script accurately marks the price chart with an UP arrow where the trade should open. WebWhile a theoretical position is open, you may encounter a new “potential entry” in the code. Which would reset all the trailing stop parameters. Chaos ensues as the code is completely unaware that the Strategy already has an open position and that particular entry is being ignored. Case in Point: You have two entry signals within several bars. WebTrailing stop loss in place to limit losses. I ran this on /ES with the following settings: 30Minute chart /180 Days (ToS Max for 30Minute) +-2.3 VWAP Standard Deviations as trade trigger level Take Profit Target set to 10 Points or reaching VWAP 1.5x ATR Trailing Stop with 10 bar lookback length 1 contract per trade embroidered ankara gowns