Making a variable hold a value

PBtrading111

New member
Hello all, im new to thinkscript. My request is pretty straight forward.

I am working on coding out my own strategy, and im now working on the exit signal, now that the entry signal is working pretty well.

What I need thinkscript to do is to hold the entry price in a variable and remain constant.

Right now I am using

def entrypoint = if trigger then GetValue(data = open, 0) else Double.NaN;

and this is pulling the open price when my trigger conditions are a go, but this also changes on the very next bar where those conditions are true.

I need this because in other parts of the code im calculating my risk by basically doing this logic
Maximum dollars at risk / Entry point - Stop loss point = Max shares

So what I want this variable to be held constantly for is so I can do something like :

Goalpoint = Entrypoint + say 2 ATRS or something ;
Then finally something like
AddOrder(OrderType.SELL_TO_CLOSE, close > goalpoint);


appreciate any light that can be shed on this. Thanks
 
Hello all, im new to thinkscript. My request is pretty straight forward.

I am working on coding out my own strategy, and im now working on the exit signal, now that the entry signal is working pretty well.

What I need thinkscript to do is to hold the entry price in a variable and remain constant.

Right now I am using

def entrypoint = if trigger then GetValue(data = open, 0) else Double.NaN;

and this is pulling the open price when my trigger conditions are a go, but this also changes on the very next bar where those conditions are true.

I need this because in other parts of the code im calculating my risk by basically doing this logic
Maximum dollars at risk / Entry point - Stop loss point = Max shares

So what I want this variable to be held constantly for is so I can do something like :

Goalpoint = Entrypoint + say 2 ATRS or something ;
Then finally something like
AddOrder(OrderType.SELL_TO_CLOSE, close > goalpoint);


appreciate any light that can be shed on this. Thanks
There are a few options that should help..

1. Recursive - This retains the value for future use. It uses a 'def' statement that references itself

Change
def entrypoint = if trigger then GetValue(data = open, 0) else Double.NaN;
To Recursive
def entrypoint = if trigger then GetValue(data = open, 0) else entrypoint[1];

2. See the following explanation of the TOS built-in entryprice function. In a strategy study, it will retain the last price that TOS uses in addorder. This is usually open[-1], which is the next bar's open after the trigger bar.

EntryPrice​

EntryPrice ();

Description​

Returns the price of the entry order. For several entry orders in the same direction as the currently held position the function returns the average price for all of them.

Example​

AddOrder(OrderType.SELL_TO_CLOSE, close > EntryPrice() + 3 or close < EntryPrice() - 9);
Adds a Sell order for closing a long position when the Close price is either greater than the entry price by 3 (for taking profits) or less by 9 (for safety).
 

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