Get price when alert is triggered

[Max911]

Is there a way to know the 'price' at the moment an study alert is triggered, is that possible?

E.g. If I set this ---> Alert(volume>volume[1], "VOLUME", Alert.BAR, Sound.Ring);

How could I know the exact price when the 'Ring' is triggered? That's is key for backtesting.

 

[SleepyZ]

Is there a way to know the 'price' at the moment an study alert is triggered, is that possible?

E.g. If I set this ---> Alert(volume>volume[1], "VOLUME", Alert.BAR, Sound.Ring);

How could I know the exact price when the 'Ring' is triggered? That's is key for backtesting.

I am not aware of a thinkscript way, but the Message Center seems to be one option.

Here is your code with the addition of Volume to the alert. The image is from the Message Center and has the Volume and Time when the Alert tripped. Regrettably, I do not know of a way to use this programatically, but might be useful for manual methods.

Alert(volume>volume[1], "VOLUME " + volume, Alert.BAR, Sound.Ring);

 

[Max911]

I am not aware of a thinkscript way, but the Message Center seems to be one option.

Thanks @SleepyZ I don't know how to get the exact price when message center that triggers the alert.

I need that price for an accurate back-testing; otherwise, I get unrealistic results using the 'close' price.

 

[SleepyZ]

Thanks @SleepyZ I don't know how to get the exact price when message center that triggers the alert.

I need that price for an accurate back-testing; otherwise, I get unrealistic results using the 'close' price.

Added close to the alert and it appears to be the exact volume and price when the alert occurred that shows in the message center

Alert(volume>volume[1], "VOLUME " + volume + " " + close, Alert.BAR, Sound.Ring);

 

[Max911]

Added close to the alert and it appears to be the exact volume and price when the alert occurred that shows in the message center

Thanks a lot, and do you know if I can add similar text to replace close[-1] at the order so I can get the same price as message center?

def buySig = close and volume>volume[1];

def buyPrice = if open[-1] and volume>volume[1] then open[-1] else close[-1];

AddOrder(OrderType.BUY_TO_OPEN, buySig[-1], price = buyPrice, tradeSize = 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Buy");

 

[MerryDay]

Thanks a lot, and do you know if I can add similar text to replace close[-1] at the order so I can get the same price as message center?

def buySig = close and volume>volume[1];

def buyPrice = if open[-1] and volume>volume[1] then open[-1] else close[-1];

AddOrder(OrderType.BUY_TO_OPEN, buySig[-1], price = buyPrice, tradeSize = 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Buy");

https://usethinkscript.com/threads/strategy-alerts-in-thinkorswim.8711/

 

[Max911]

https://usethinkscript.com/threads/strategy-alerts-in-thinkorswim.8711/

Added close to the alert and it appears to be the exact volume and price when the alert occurred that shows in the message center

All I need is that my strategy report shows same price that I see in the message center when the volume condition alert triggers.

 

[Max911]

Can I get an script text that give me at the Order the same price from the Alert at message center?

def buySig = close and volume>volume[1];

def buyPrice = if open[-1] and volume>volume[1] then open[-1] else (here I need the Alert price);

AddOrder(OrderType.BUY_TO_OPEN, buySig[-1], price = buyPrice, tradeSize = 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Buy");

 

[SleepyZ]

Can I get an script text that give me at the Order the same price from the Alert at message center?

def buySig = close and volume>volume[1];

def buyPrice = if open[-1] and volume>volume[1] then open[-1] else (here I need the Alert price);

AddOrder(OrderType.BUY_TO_OPEN, buySig[-1], price = buyPrice, tradeSize = 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Buy");

Please see the link to the above post https://usethinkscript.com/threads/get-price-when-alert-is-triggered.9367/post-85000

You would probably have to run the backtest on OnDemand so that the message center price is created and compare that to the strategy price. I have not done this.

 

[Max911]

Please see the link to the above post https://usethinkscript.com/threads/get-price-when-alert-is-triggered.9367/post-85000

You would probably have to run the backtest on OnDemand so that the message center price is created and compare that to the strategy price. I have not done this.

Ok, but for realistic back-test, I need an script or text that give me the 'message center price' to add into the 'strategy script', otherwise any back-test become false.