How to Submit Sell_To_Close based Buy_To_Open order price?

[shondahector_2023]

Is there a way to Submit Sell_To_Close when the price reaches 5 points after whatever the price was at the Buy_Tpen order?

My Code:

# Evaluate 2 min over 5 day period
# S.Hector edited previous code 08-15-2024
input price = close;
input length = 15;
input wide = 10;
input narrow = 2;
input averageType = AverageType.SIMPLE;
input mode = {default "Trend Following", "Reversal"};


plot Avg = MovingAverage(averageType, price, length);
plot Avg20 = MovingAverage(averageType, price, 20);
plot Avg200 = MovingAverage(averageType, price, 200);

#input past_bars = 1;
#def hix = Highest(high[1], past_bars);
#def lox = lowest(low[1], past_bars);
#def rngx = hix - lox;

# Big Candles


input bigbarHeight = 5;


def bearBar = close < open and (open - close) >= bigbarHeight;
def bullBar = close > open and (close - open) >= bigbarHeight;


plot upCandle= bullBar;
upCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upCandle.SetLineWeight(2);
upCandle.AssignValueColor(Color.GREEN);

plot downCandle = bearBar;
downCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downCandle.SetLineWeight(2);
downCandle.AssignValueColor(Color.RED);

Avg.SetDefaultColor(GetColor(0));

#def crossAbove = price crosses above Avg20;
def crossBelow = price crosses below Avg20;

def buy;
def sell;

def wide_state = absvalue(Avg200 - Avg20) > wide; #Note this doesn't work!
def wide_state2 = (MovingAverage(averageType, price, 20) - MovingAverage(averageType, price, 200))> wide;


#def MktHours = SecondsFromTime(930) > 0 and SecondsFromTime(2300) <= 3600;

switch (mode) {
case  "Trend Following":
    buy = price > MovingAverage(averageType, price, 20) and wide_state2 and bullBar;
    sell =price >=MovingAverage(averageType, price, 20) + 5 + bigbarHeight ; #This doesn't give me what I was hoping for

case  "Reversal":
    sell = wide_state and price < Avg20;
    buy = price<Avg20 and wide_state;
}

    AddOrder(OrderType.BUY_TO_OPEN, buy, tickcolor = GetColor(2), arrowcolor = GetColor(2), name = "MAS_BuyOpen");
    AddOrder(OrderType.SELL_TO_CLOSE, sell, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "MAS_SellClose");



#These alerts are working 8-28-2023
Alert(buy, "Buy Order", Alert.ONCE, Sound.Bell);
Alert(sell, "Sell Order", Alert.ONCE, Sound.Bell);

 

[halcyonguy]

Is there a way to Submit Sell_To_Close when the price reaches 5 points after whatever the price was at the Buy_Tpen order?

My Code:

# Evaluate 2 min over 5 day period
# S.Hector edited previous code 08-15-2024
input price = close;
input length = 15;
input wide = 10;
input narrow = 2;
input averageType = AverageType.SIMPLE;
input mode = {default "Trend Following", "Reversal"};


plot Avg = MovingAverage(averageType, price, length);
plot Avg20 = MovingAverage(averageType, price, 20);
plot Avg200 = MovingAverage(averageType, price, 200);

#input past_bars = 1;
#def hix = Highest(high[1], past_bars);
#def lox = lowest(low[1], past_bars);
#def rngx = hix - lox;

# Big Candles


input bigbarHeight = 5;


def bearBar = close < open and (open - close) >= bigbarHeight;
def bullBar = close > open and (close - open) >= bigbarHeight;


plot upCandle= bullBar;
upCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upCandle.SetLineWeight(2);
upCandle.AssignValueColor(Color.GREEN);

plot downCandle = bearBar;
downCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downCandle.SetLineWeight(2);
downCandle.AssignValueColor(Color.RED);

Avg.SetDefaultColor(GetColor(0));

#def crossAbove = price crosses above Avg20;
def crossBelow = price crosses below Avg20;

def buy;
def sell;

def wide_state = absvalue(Avg200 - Avg20) > wide; #Note this doesn't work!
def wide_state2 = (MovingAverage(averageType, price, 20) - MovingAverage(averageType, price, 200))> wide;


#def MktHours = SecondsFromTime(930) > 0 and SecondsFromTime(2300) <= 3600;

switch (mode) {
case  "Trend Following":
    buy = price > MovingAverage(averageType, price, 20) and wide_state2 and bullBar;
    sell =price >=MovingAverage(averageType, price, 20) + 5 + bigbarHeight ; #This doesn't give me what I was hoping for

case  "Reversal":
    sell = wide_state and price < Avg20;
    buy = price<Avg20 and wide_state;
}

    AddOrder(OrderType.BUY_TO_OPEN, buy, tickcolor = GetColor(2), arrowcolor = GetColor(2), name = "MAS_BuyOpen");
    AddOrder(OrderType.SELL_TO_CLOSE, sell, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "MAS_SellClose");



#These alerts are working 8-28-2023
Alert(buy, "Buy Order", Alert.ONCE, Sound.Bell);
Alert(sell, "Sell Order", Alert.ONCE, Sound.Bell);

this is a strategy

here is something to experiment with. i didn't change your logic. its a little messy
i changed some values , so i could use SPY and have buy signals. ( your numbers were huge and barley had signals even with /ES)

added sell level offsets,
input sell_gain = 4.0;
input sell_loss = -3.0; notice the negative sign

#strat_sell_at_buyoffset

#https://usethinkscript.com/threads/how-to-submit-sell_to_close-based-buy_to_open-order-price.19446/
#How to Submit Sell_To_Close based Buy_To_Open order price?

# change values to work with SPY

def na = double.nan;
def bn = barnumber();

input sell_gain = 4.0;
input sell_loss = -3.0;

input price = close;
input length = 15;
#input wide = 10;
input wide = 0.7;
input narrow = 2;
input averageType = AverageType.SIMPLE;
input mode = {default "Trend Following", "Reversal"};


plot Avg = MovingAverage(averageType, price, length);
plot Avg20 = MovingAverage(averageType, price, 20);
plot Avg200 = MovingAverage(averageType, price, 200);

#input past_bars = 1;
#def hix = Highest(high[1], past_bars);
#def lox = lowest(low[1], past_bars);
#def rngx = hix - lox;

# Big Candles
#input bigbarHeight = 5;
# chg and use SPY for testing
input bigbarHeight = 1.5;

def bearBar = close < open and (open - close) >= bigbarHeight;
def bullBar = close > open and (close - open) >= bigbarHeight;


plot upCandle = bullBar;
upCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
upCandle.SetLineWeight(2);
upCandle.AssignValueColor(Color.GREEN);

plot downCandle = bearBar;
downCandle.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
downCandle.SetLineWeight(2);
downCandle.AssignValueColor(Color.RED);

Avg.SetDefaultColor(GetColor(0));

#def crossAbove = price crosses above Avg20;
def crossBelow = price crosses below Avg20;


def wide_state = absvalue(Avg200 - Avg20) > wide; #Note this doesn't work!
def wide_state2 = (Avg20 - Avg200) > wide;

def buy;
#def sell;
#def MktHours = SecondsFromTime(930) > 0 and SecondsFromTime(2300) <= 3600;
switch (mode) {
case  "Trend Following":
    buy = price > Avg20 and wide_state2 and bullBar;
#    sell = price >= (Avg20 + 5 + bigbarHeight) ; #This doesn't give me what I was hoping for
case  "Reversal":
#    sell = wide_state and price < Avg20;
    buy = wide_state and price < Avg20;
}


def buyprice = if bn == 1 then 0
 else if buy then close
 else buyprice[1];

def sell = if bn == 1 then 0
 else if close > (buyprice + sell_gain) then 1
 else if close < (buyprice + sell_loss) then -1
 else 0;


plot z = if buyprice > 0 then buyprice else na;
z.setdefaultcolor(color.yellow);


AddOrder(OrderType.BUY_TO_OPEN, buy, tickcolor = GetColor(2), arrowcolor = color.green, name = "MAS_BuyOpen");

# sell at a profit
AddOrder(OrderType.SELL_TO_CLOSE, sell == 1, tickcolor = GetColor(1), arrowcolor = color.green, name = "MAS_SellClose");
# sell at a loss
AddOrder(OrderType.SELL_TO_CLOSE, sell == -1, tickcolor = GetColor(1), arrowcolor = color.red, name = "MAS_SellClose");


#These alerts are working 8-28-2023
Alert(buy, "Buy Order", Alert.ONCE, Sound.Bell);
Alert(sell, "Sell Order", Alert.ONCE, Sound.Bell);


input test1_buy = no;
addverticalline(test1_buy and buy, "buy", color.green);
#

here is something similar, that draws a stopline
https://usethinkscript.com/threads/trailing-stop-loss-help-needed.16492/#post-133724

 

[shondahector_2023]

Thank you. I will look at this within the next few days. I appreciate your time.