Mov Avg crosses for a period of time

[Handsome_Rob]

I have an indicator that uses two moving averages that cross, the problem im having is that sometimes i get false triggering when they cross briefly and then repaint. So my question is, Is there a way to specify a time in minutes that they must remain crossed to have a direction change plotted? I am trying to trade on hourly bars, so I do not want to use bars as a measure of time.

plot buy = (AvgExp crosses above AvgExp1);

Thank you!

 

[BenTen]

Why don't you just wait for the candle to close for confirmation? That is your best bet.

 

[Handsome_Rob]

I want to use it for conditional trading... the false triggers ive seen tend to be brief, so a time period that must elapse after the cross over before the buy signal is plotted would help to error correct the indicator. Waiting till the end of the bar would be much too slow.

 

[halcyonguy]

I want to use it for conditional trading... the false triggers ive seen tend to be brief, so a time period that must elapse after the cross over before the buy signal is plotted would help to error correct the indicator. Waiting till the end of the bar would be much too slow.

you didn't mention any specifics, so you will only get general advice.

if you have a chart set to hour, that is the shortest time increment in which data can be evaluated.
you would have to set the chart to the desired time in minutes. then use a longer time of hour, as a second aggregation time, to generate the averages.
instead of trying to interpret the averages, look at the candles. if averages are crossing more than once, then the candles are consolidating. look up consolidating on the site, to find some studies and add some code, to give a warning that a crossing may not indicate a move.

i don't know what conditional trading is supposed to imply. the term has no meaning. every indicator ever made, displays things based on conditions.

posts related to consolidation
https://usethinkscript.com/threads/trendbox-for-tos.13956/#post-117639

 

[Handsome_Rob]

Thank you for the responses @BenTen and @halcyonguy, I apologize for my ignorance here, I am new to thinkscript. What I meant by conditional trading is to excecute a buy or sell order for me when the condition is met... automatically.

@halcyonguy I will explore using a short chart with a longer aggregation time, and thanks for the link on consolidation.

I am still learning what TOS will or wont do, I appreciate the help.

 

[BenTen]

What I meant by conditional trading is to excecute a buy or sell order for me when the condition is met... automatically.

You're not going to be able to do that. See this thread https://usethinkscript.com/threads/auto-buy-sell-across-a-given-price-point.10097/post-90237

 

[Handsome_Rob]

Thnks @BenTen, I do realize that TOS will not do fully automated trading....

I was able to use 1 min charts with a 60 min aggregation and, with some fiddling, get what appears to be very good behavior for my indicator.

thank you both for the responses!