Green to Red Strategy

[beedee]

Hi,
I'm new to TOS. I'm trying to build scanner for Greed to Red Strategy, here is the script that I developed but it appears not working. Can you point where I'm gone wrong.

# Green to Red - Short sell
# current day Open price should be > prevDayClose price 
# scanner shows when current 5min candle is 1% away (above) from VWAP, enter when new high is <= VWAP; so scanner should catch before it crosses VWAP
# exit when price near prevDayClose 
# Do not run during exnt.hours

def close_price = Fundamental(FundamentalType.CLOSE, period = getAggregationPeriod());

def prev_day_close = if SecondsTillTime(1555) == 0 and
                   SecondsFromTime(1555) == 0
                then close
                else prev_day_close[1];

def open_price = if SecondsFromTime(0930.0) >= 0 and SecondsTillTime(0935.0) > 0  then
                     Fundamental(FundamentalType.HIGH, period = getAggregationPeriod())
                 else double.nan;

plot GreenToRed =
if SecondsFromTime(0930.0) >= 0 and
    SecondsTillTime(1000.0) > 0 and
    open_price >= prev_day_close * 1.10 and
    close_price > VWAP and  close_price <= 1.01*VWAP then 1 else 0;

 

[halcyonguy]

Hi,
I'm new to TOS. I'm trying to build scanner for Greed to Red Strategy, here is the script that I developed but it appears not working. Can you point where I'm gone wrong.

# Green to Red - Short sell
# current day Open price should be > prevDayClose price
# scanner shows when current 5min candle is 1% away (above) from VWAP, enter when new high is <= VWAP; so scanner should catch before it crosses VWAP
# exit when price near prevDayClose
# Do not run during exnt.hours

def close_price = Fundamental(FundamentalType.CLOSE, period = getAggregationPeriod());

def prev_day_close = if SecondsTillTime(1555) == 0 and
                   SecondsFromTime(1555) == 0
                then close
                else prev_day_close[1];

def open_price = if SecondsFromTime(0930.0) >= 0 and SecondsTillTime(0935.0) > 0  then
                     Fundamental(FundamentalType.HIGH, period = getAggregationPeriod())
                 else double.nan;

plot GreenToRed =
if SecondsFromTime(0930.0) >= 0 and
    SecondsTillTime(1000.0) > 0 and
    open_price >= prev_day_close * 1.10 and
    close_price > VWAP and  close_price <= 1.01*VWAP then 1 else 0;

hello and welcome

don't need to use Fundamental()
don't need decimal points for time numbers. they should be integers. minute is the smallest usable time. although it says secondsfrom... it only returns seconds in multiples of 60.
def open_price = if SecondsFromTime(0930) >= 0 and SecondsTillTime(0935) > 0 then high else double.nan;


can't use 2nd aggregation in scanner code.

this is wrong
, period = getAggregationPeriod());

getAggregationPeriod() is used to read the agg of the chart, not set a 2nd agg.

to set a 2nd agg time, use something like this
def agg = AggregationPeriod.HOUR;
def data = close(period = agg);

https://tlc.thinkorswim.com/center/reference/thinkScript/Constants/AggregationPeriod
https://tlc.thinkorswim.com/center/...ants/AggregationPeriod/AggregationPeriod-HOUR

 

[beedee]

Thank you halcyonguy, for your time, I modified but still doesn't return anything..

# Green to Red - Short sell
# current day Open price is > prevDayClose price
# scanner shows when current 5min candle is 1% away (above) from VWAP, we need to enter when new high is <= VWAP so scanner should before it crosses VWAP
# exit when price crosses prevDayClose
# Do not run during exnt.hours

#def close_price = Fundamental(FundamentalType.CLOSE, period = getAggregationPeriod());

def prev_day_close = if SecondsTillTime(1555) == 0 and
                   SecondsFromTime(1555) == 0
                then close
                else prev_day_close[1];

def open_price = if SecondsFromTime(0930) >= 0 and SecondsTillTime(0935) > 0  then
                     high
                 else double.nan;

plot GreenToRed =
if SecondsFromTime(0930) >= 0 and
    SecondsTillTime(1000) > 0 and            # Tried at different times of trade day 1100 , 1200
    open_price >= prev_day_close * 1.10 and
    close > VWAP and  close <= 1.01*VWAP then 1 else 0;