Momentum strategy using two moving averages

[BigBen]

Hi,

I'm new (just created my account), and was wondering how I can get this indicator/strat to populate buy and sell signals.

This is a long only strategy which should generate a long entry when Price closes above the 200 EMA & generate a close signal when price closes past the 50 EMA

any help would be greatly appreciated. Thanks!

Ben

input price = close;
input length1 = 200;
input length2 = 50;
input averageType = AverageType.Exponential;
input mode = {default "Trend Following", "Reversal"};

plot Avg = MovingAverage(averageType, price, length1);
plot Avg2 = MovingAverage (averageType, price, length2);
Avg.SetDefaultColor(GetColor(0));
Avg2.SetDefaultColor (GetColor(1));

def crossAbove = price crosses above Avg;
def crossBelow = price crosses below Avg2;
def buy;
def sell;
switch (mode) {
case  "Trend Following":
    buy = crossAbove;
    sell = crossBelow;
case  "Reversal":
    buy = crossBelow;
    sell = crossAbove;
}

AddOrder(OrderType.BUY_AUTO, buy, tickcolor = GetColor(2), arrowcolor = GetColor(2), name = "MovAvgStratLE");
AddOrder(OrderType.SELL_AUTO, sell, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "MovAvgStratSE");

 

[rad14733]

@BigBen For a long-only Strategy your buy order should use OrderType.BUY_TO_OPEN and your sell order should use OrderType.SELL_TO_CLOSE...

 

[pal_yc]

Hi,

I'm new (just created my account), and was wondering how I can get this indicator/strat to populate buy and sell signals.

This is a long only strategy which should generate a long entry when Price closes above the 200 EMA & generate a close signal when price closes past the 50 EMA

any help would be greatly appreciated. Thanks!

Ben

input price = close;
input length1 = 200;
input length2 = 50;
input averageType = AverageType.Exponential;
input mode = {default "Trend Following", "Reversal"};

plot Avg = MovingAverage(averageType, price, length1);
plot Avg2 = MovingAverage (averageType, price, length2);
Avg.SetDefaultColor(GetColor(0));
Avg2.SetDefaultColor (GetColor(1));

def crossAbove = price crosses above Avg;
def crossBelow = price crosses below Avg2;
def buy;
def sell;
switch (mode) {
case  "Trend Following":
    buy = crossAbove;
    sell = crossBelow;
case  "Reversal":
    buy = crossBelow;
    sell = crossAbove;
}

AddOrder(OrderType.BUY_AUTO, buy, tickcolor = GetColor(2), arrowcolor = GetColor(2), name = "MovAvgStratLE");
AddOrder(OrderType.SELL_AUTO, sell, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "MovAvgStratSE");

@BigBen - In TOS, the MovAvgTwoLinesStrat strategy (under Studies/Strategies tab) can be used for this without you trying to code. You can change the MA period to any two length (50, 200 or 20, 50, etc.,) you want. Use the MovAvgTwoLinesStratLE and MovAvgTwoLinesStratSE to set up Buy to Open and Sell to Close. Cheers!