After Candle Closes

[Tomahawk6117]

The following thinkScript is executing at the "bid" price for the stock. Is there a way to change this so that the order sells based on the "ask," or is it possible to have the order trigger at the actual price of the stock? I included this script as a part of a conditional order. @halcyonguy was very helpful in helping create this thinkScript. Thank you very much for your time and your help.

input sell_percent_gain = -20.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

input trigger_on_all_prices_below_stop = yes;
def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain <= sell_percent_gain then 1 else
                  if pergain crosses below sell_percent_gain then 1 else 0;

plot z1 = sell1;

 

[MerryDay]

The following thinkScript is executing at the "bid" price for the stock. Is there a way to change this so that the order sells based on the "ask?" I included this script as a part of a conditional order. @halcyonguy was very helpful in helping create this thinkScript. Thank you very much for your time and your help.

input sell_percent_gain = -20.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

input trigger_on_all_prices_below_stop = yes;
def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain <= sell_percent_gain then 1 else
                  if pergain crosses below sell_percent_gain then 1 else 0;

plot z1 = sell1;

You haven't provided enough detail as to WHERE you are using your referenced script.
If you are asking if Bid / Ask can be referenced in a conditional order?
The answer is no.
The ToS platform does not make Ask or Bid price available for use in a Conditional Order.
Therefore, you cannot specify ASK in a conditional order script.

To read more about where bid / ask functions are available and what the appropriate syntax is:
https://usethinkscript.com/threads/...s-watchlists-and-scans-for-thinkorswim.10626/

 

[Tomahawk6117]

You haven't provided enough detail as to WHERE you are using your referenced script.
If you are asking if Bid / Ask can be referenced in a conditional order?
The answer is no.
The ToS platform does not make Ask or Bid price available in the Condition Wizard.
Therefore, you cannot specify ASK in a conditional order script.
The conditional order will execute when the condition is true regardless of bid / ask prices.

To read more about where bid / ask functions are available and what the appropriate syntax is:
https://usethinkscript.com/threads/...s-watchlists-and-scans-for-thinkorswim.10626/

Thank you very much for your response @MerryDay. I am using the referenced script on a 5-minute chart for a conditional order. In regards to the link you are providing, are you saying that we can specify bid/ask to display on a chart, but not when we are trying to have an order trigger through a conditional order? Thank you again for your help @MerryDay.

 

[Tomahawk6117]

When I apply the following script to a 5-minute chart, the script will trigger during the middle of the formation of a candle. For example, if there is still 2 minutes and 30 seconds remaining until the candle closes, the script will still trigger even though I have written in the script "input price1 = close." I thought that by defining the input as "close" then the script would trigger after the candle closes. Is there anyway to adjust the script below so that the script only triggers after the candle closes? Thank you very much @halcyonguy for your help with this script.

input sell_percent_gain = 0.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

input trigger_on_all_prices_below_stop = yes;
def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain <= sell_percent_gain then 1 else if pergain crosses below sell_percent_gain then 1 else 0;

plot z1 = sell1;

 

[Svanoy]

The input of 'price1 = close' is only defining what value to use in the calculation of 'daydiff'. The value of close is constantly changing in the duration of 1 bar. To get 'sell1' to only trigger after a bar closes you have to use 'pergain[1]' in its definition as the close of a bar is the only time the 'close' value becomes constant for that bar.

 

[Tomahawk6117]

The input of 'price1 = close' is only defining what value to use in the calculation of 'daydiff'. The value of close is constantly changing in the duration of 1 bar. To get 'sell1' to only trigger after a bar closes you have to use 'pergain[1]' in its definition as the close of a bar is the only time the 'close' value becomes constant for that bar.

Hi @Svanoy thank you very much for your help. May you please tell me, did I make the correct change in the code below?

input sell_percent_gain = 0.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

input trigger_on_all_prices_below_stop = yes;
def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain[1] <= sell_percent_gain then 1 else if pergain[1] crosses below sell_percent_gain then 1 else 0;

plot z1 = sell1;

 

[Tomahawk6117]

Hi @Svanoy thank you very much for your help. May you please tell me, did I make the correct change in the code below?

input sell_percent_gain = 0.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

input trigger_on_all_prices_below_stop = yes;
def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain[1] <= sell_percent_gain then 1 else if pergain[1] crosses below sell_percent_gain then 1 else 0;

plot z1 = sell1;

Thank you again @Svanoy, I just tested this and it appears to work well.