Consecutive bars

[mikewest]

I'm trying to make a startegy that will buy when current price crosses above close of last bar after a consecutive amount of bars were lower than the previous bar if someone can help. I know how to put
def buy = low[1] < low[2] and low[2] < low[3] and low[3] < low[4] and close > close[1];
def sell = close < close; But I'm try to have the inputs so I can just change them from a selection instead of changing the code for backtesting with other studies in the same code.

input ConsecutiveBarsDown = 3;
input ConsecutiveBarsUp = 1;

def cbd = ConsecutiveBarsDown;
def cbu = ConsecutiveBarsUp;

#def Buy = cbd and cbu;
#def sell = close < close;

AddOrder(OrderType.BUY_TO_OPEN, buy, name = "Buy",tickcolor = Color.BLUE, arrowcolor = Color.BlUE);
AddOrder(OrderType.SELL_TO_ClOSE, sell,name = "Sell",tickcolor = Color.RED, arrowcolor = Color.RED);

Ex: from 4 bars ago the close < close each time until current price crossed above close of last bar.

https://imgur.com/xLIISSF

 

[mikewest]

I'm trying to make a startegy that will buy when current price crosses above close of last bar after a consecutive amount of bars were lower than the previous bar if someone can help. I know how to put
def buy = low[1] < low[2] and low[2] < low[3] and low[3] < low[4] and close > close[1];
def sell = close < close; But I'm try to have the inputs so I can just change them from a selection instead of changing the code for backtesting with other studies in the same code.

input ConsecutiveBarsDown = 3;
input ConsecutiveBarsUp = 1;

def cbd = ConsecutiveBarsDown;
def cbu = ConsecutiveBarsUp;

#def Buy = cbd and cbu;
#def sell = close < close;

AddOrder(OrderType.BUY_TO_OPEN, buy, name = "Buy",tickcolor = Color.BLUE, arrowcolor = Color.BlUE);
AddOrder(OrderType.SELL_TO_ClOSE, sell,name = "Sell",tickcolor = Color.RED, arrowcolor = Color.RED);

Ex: from 4 bars ago the close < close each time until current price crossed above close of last bar.

https://imgur.com/xLIISSF

Is there anyone who can help me with figuring this out?

 

[Svanoy]

@mikewest had to change your condition of close > close[1] as it produces unrealistic results for live trading.
Your sell condition of close < close is, I'm assuming supposed to be close < close[1]. This too will produce unrealistic results for live trading.
I did not change it, though.

input ConsecutiveBarsDown = 3;
input ConsecutiveBarsUp = 1;

def LowerLow = low < low[1];

def CBD = fold d = 0 to ConsecutiveBarsDown with dcount = 0 do if GetValue(LowerLow,d) <> 0 then dcount + 1 else 0;
plot CBDP = if CBD == ConsecutiveBarsDown then CBD else Double.NaN;
CBDP.setPaintingStrategy(PaintingStrategy.VALUES_BELOW);

def BuyLine;
if close[1] > BuyLine[1] {
BuyLine = Double.NaN;
} else if CBD == ConsecutiveBarsDown {
BuyLine = close;
} else {
BuyLine = BuyLine[1];}

plot BuyLinePlot = BuyLine;
BuyLinePlot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
BuyLinePlot.AssignValueColor(Color.WHITE);
 
def Buy = IsNaN(BuyLine) and !IsNaN(BuyLine[1]);
plot BP = Buy;
BP.SetpaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BP.AssignValueColor(Color.UPTICK);
BP.SetLineWeight(3);

def sell = close < close[1];

AddOrder(OrderType.BUY_TO_OPEN, condition = Buy, price = open, tradeSize = 1, tickcolor = Color.CYAN, arrowcolor = Color.BLUE, "Buy");
AddOrder(OrderType.SELL_TO_CLOSE, condition = Sell, price = close[1], tradeSize = 1, tickcolor = Color.DARK_ORANGE, arrowcolor = Color.RED, "Sell");

 

[mikewest]

Im not sure Im using the correct words to explain what Im trying to do but maybe this pic can explain better. I do appreciate @Svanoy for his time and help in trying to figure this out for me, the sell doesnt really matter because this will be part of multiple combined studies. I hate asking because some think you havent searched the forums but if you do not know the correct words to use then you have to ask. Thanks and again I greatly appreciate your help

 

[Svanoy]

@mikewest
Your first post specified lows not highs and price crossing above close of last bar not high of last bar.
Also, putting a buy signal before a bar closes will give you results that are impossible to achieve in live trading.
.

 

[mikewest]

@mikewest
Your first post specified lows not highs and price crossing above close of last bar not high of last bar.
Also, putting a buy signal before a bar closes will give you results that are impossible to achieve in live trading.
.

Thank you for your help, thats why I figured the pic could say more than me trying to explain it correctly. I will work on it and see if I can change it Thanks again

 

[Svanoy]

@mikewest rewrote to use high and simplified.
Set buy price level you requested.

input ConsecutiveBarsDown = 3;
input Trigger_Line = high;

def Condition = high < high[1];

def CBD = Sum(Condition,ConsecutiveBarsDown);
plot CBDP = if CBD == ConsecutiveBarsDown then CBD else Double.NaN;
CBDP.setPaintingStrategy(PaintingStrategy.VALUES_BELOW);

def BuyLine;
if close[1] > BuyLine[1] {
BuyLine = Double.NaN;
} else if CBD == ConsecutiveBarsDown {
BuyLine = Trigger_Line;
} else {
BuyLine = BuyLine[1];}

plot BuyLinePlot = BuyLine;
BuyLinePlot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
BuyLinePlot.AssignValueColor(Color.WHITE);
 
def Buy = close>BuyLine;
plot BP = Buy;
BP.SetpaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BP.AssignValueColor(Color.UPTICK);
BP.SetLineWeight(3);

def sell = close < close[1];

AddOrder(OrderType.BUY_TO_OPEN, condition = Buy, price = BuyLine[1], tradeSize = 1, tickcolor = Color.CYAN, arrowcolor = Color.BLUE, "Buy");
AddOrder(OrderType.SELL_TO_CLOSE, condition = Sell, price = open, tradeSize = 1, tickcolor = Color.DARK_ORANGE, arrowcolor = Color.RED, "Sell");

 

[mikewest]

@mikewest rewrote to use high and simplified.
Set buy price level you requested.

input ConsecutiveBarsDown = 3;
input Trigger_Line = high;

def Condition = high < high[1];

def CBD = Sum(Condition,ConsecutiveBarsDown);
plot CBDP = if CBD == ConsecutiveBarsDown then CBD else Double.NaN;
CBDP.setPaintingStrategy(PaintingStrategy.VALUES_BELOW);

def BuyLine;
if close[1] > BuyLine[1] {
BuyLine = Double.NaN;
} else if CBD == ConsecutiveBarsDown {
BuyLine = Trigger_Line;
} else {
BuyLine = BuyLine[1];}

plot BuyLinePlot = BuyLine;
BuyLinePlot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
BuyLinePlot.AssignValueColor(Color.WHITE);
 
def Buy = close>BuyLine;
plot BP = Buy;
BP.SetpaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BP.AssignValueColor(Color.UPTICK);
BP.SetLineWeight(3);

def sell = close < close[1];

AddOrder(OrderType.BUY_TO_OPEN, condition = Buy, price = BuyLine[1], tradeSize = 1, tickcolor = Color.CYAN, arrowcolor = Color.BLUE, "Buy");
AddOrder(OrderType.SELL_TO_CLOSE, condition = Sell, price = open, tradeSize = 1, tickcolor = Color.DARK_ORANGE, arrowcolor = Color.RED, "Sell");

 

[mikewest]

Thats awsome and thanks for sharing your time and knowledge.

 

[FOTM_8888]

@mikewest had to change your condition of close > close[1] as it produces unrealistic results for live trading.
Your sell condition of close < close is, I'm assuming supposed to be close < close[1]. This too will produce unrealistic results for live trading.
I did not change it, though.

input ConsecutiveBarsDown = 3;
input ConsecutiveBarsUp = 1;

def LowerLow = low < low[1];

def CBD = fold d = 0 to ConsecutiveBarsDown with dcount = 0 do if GetValue(LowerLow,d) <> 0 then dcount + 1 else 0;
plot CBDP = if CBD == ConsecutiveBarsDown then CBD else Double.NaN;
CBDP.setPaintingStrategy(PaintingStrategy.VALUES_BELOW);

def BuyLine;
if close[1] > BuyLine[1] {
BuyLine = Double.NaN;
} else if CBD == ConsecutiveBarsDown {
BuyLine = close;
} else {
BuyLine = BuyLine[1];}

plot BuyLinePlot = BuyLine;
BuyLinePlot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
BuyLinePlot.AssignValueColor(Color.WHITE);
 
def Buy = IsNaN(BuyLine) and !IsNaN(BuyLine[1]);
plot BP = Buy;
BP.SetpaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BP.AssignValueColor(Color.UPTICK);
BP.SetLineWeight(3);

def sell = close < close[1];

AddOrder(OrderType.BUY_TO_OPEN, condition = Buy, price = open, tradeSize = 1, tickcolor = Color.CYAN, arrowcolor = Color.BLUE, "Buy");
AddOrder(OrderType.SELL_TO_CLOSE, condition = Sell, price = close[1], tradeSize = 1, tickcolor = Color.DARK_ORANGE, arrowcolor = Color.RED, "Sell");

Great Job with this system, thank for share it, a quick question I noticed the system is only for LONG entry, can you or someone alse add the short version, will be great. thank you in advance

 

[mikewest]

# This is a work in progress to keep a clean chart for intraday trading on one minute chart so I can have multiple charts open on 1 screen and just see the labels if they red or green so and select the one thats green to open on main screen. I will continue to work on it with help from this group and share my progress here. Thanks to Svanoy for the coding help which I lack any experience in as I mainly copy and paste.

https://usethinkscript.com/threads/intraday-scalping-strategy-for-thinkorswim.10698/