Issues with Exit Order

boogieG

New member
I have a basic stoch-adx strategy I'm currently backtesting that exit order is not acting correctly. I'm trying to have the exit order be triggered when price on 30m or hourly chart crosses a daily EMA. Code is below, any feedback is appreciate as I'm also not conviced the entry is totally perfect and this is one of my first scripts. Thank you in advance!
Code:
input over_bought = 80;
input over_sold = 20;
input KPeriod = 14;
input DPeriod = 14;
input priceH = high;
input priceL = low;
input priceC = close;
input slowing_period = 3;
input averageType = AverageType.SIMPLE;

def lowest_k = Lowest(priceL, KPeriod);
def c1 = priceC - lowest_k;
def c2 = Highest(priceH, KPeriod) - lowest_k;
def FastK = if c2 != 0 then c1 / c2 * 100 else 0;

def FullK = MovingAverage(averageType, FastK, slowing_period);
def FullD = MovingAverage(averageType, FullK, DPeriod);

def OverBought = over_bought;
def OverSold = over_sold;

def upK = FullK crosses above OverBought;
def upD = FullD crosses above OverSold;
def downK = FullK crosses below OverBought;
def downD = FullD crosses below OverBought;

input Period = AggregationPeriod.Day;
input AvgType = AverageType.EXPONENTIAL;
input Length1 = 14;
input priceclose = close;

def AVG = MovingAverage(AvgType, close(period = Period), Length1);

input length = 14;
input averageType1 = AverageType.WILDERS;
def ADX = DMI(length, averageType1).ADX;

input price = close;
def buysignal = upK ;
def sellsignal = price crosses below Avg;

AddOrder(OrderType.BUY_AUTO, buysignal and price > AVG and ADX < 25);
AddOrder(OrderType.SELL_AUTO, sellsignal);
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
You're trying to use multiple timeframes in the code but you did not define the hourly timeframe yet. You only have the Daily timeframe so far.
 

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Top