if close of previous candle > $10 and current price <= $10

[califorlina]

Hi, I'm new and need your help! I'm trying to create a market conditions study that acts like a stop limit buy order but is only triggered when the actual close of a completed 1 hour candle is >= $10 and current price <= $10. Any thinkscript help on this is greatly appreciated!

This is what I have so far. I want to know if the second condition stays active for several candles once the first condition is triggered, or if there's a better way to do this. Thanks.

 

[rad14733]

@califorlina In a Conditional Order you can't have a criteria be met and still monitor it... This is a limitation of the TOS platform... I'm assuming you are working on Conditional Orders here... Once a criteria is met, that leg disappears... You would need another leg of your OCO in order to monitor for another criteria to be met... Your current logic appears to be correct for what you have described...

You might be able to add another criteria after your present one, but it's hard to say whether it would perform as expected... We'd need more details to help beyond what I have posted below...

(close[1] >= 10 and close <= 10 within <x> bars) and <your extra criteria here>

 

[califorlina]

@califorlina In a Conditional Order you can't have a criteria be met and still monitor it... This is a limitation of the TOS platform... I'm assuming you are working on Conditional Orders here... Once a criteria is met, that leg disappears... You would need another leg of your OCO in order to monitor for another criteria to be met... Your current logic appears to be correct for what you have described...

You might be able to add another criteria after your present one, but it's hard to say whether it would perform as expected... We'd need more details to help beyond what I have posted below...

(close[1] >= 10 and close <= 10 within <x> bars) and <your extra criteria here>

Thank you Ruby. I will test your recommendation and reply back with results. I appreciate you!

 

[halcyonguy]

Hi, I'm new and need your help! I'm trying to create a market conditions study that acts like a stop limit buy order but is only triggered when the actual close of a completed 1 hour candle is >= $10 and current price <= $10. Any thinkscript help on this is greatly appreciated!

This is what I have so far. I want to know if the second condition stays active for several candles once the first condition is triggered, or if there's a better way to do this. Thanks.

a shorter formula would be,
close crosses below 10