Moving Average and TrendPeriods Setups For ThinkOrSwim

[Mocnarf1]

Check this out. It's simple and straight forward. I use a 15 minute candle.
Let me know how it compares with other strategies:

####### My Buy Alert Study #######
     #### MyBuyAlert() is true;   ####
plot condition =
(MovingAvgCrossover("length1" = 21, "length2" = 42, "crossing type" = "below") is true
and TrendPeriods() is true
and open < SimpleMovingAvg("length" = 9)."SMA"[0]
and open > SimpleMovingAvg("length" = 200)."SMA"[0])
or
MovingAvgCrossover("length1" = 9, "length2" = 200, "crossing type" = "above") is true
;

######## My Sell Alert Study #########
   #### MySellAlert() is true;  ####
plot condition =
(MovingAvgCrossover("length1" = 21, "length2" = 42,"crossing type" = "Above") is true
and  open > SimpleMovingAvg("length" = 9)."SMA"[0])
or
MovingAvgCrossover("length1" = 9, "length2" = 200,"crossing type" = "below") is true
;


#########################################

######## MyBuySellAlert Strategy ##########

def buy =
(MovingAvgCrossover("length1" = 21, "length2" = 42, "crossing type" = "below") is true
and TrendPeriods() is true
and open < SimpleMovingAvg("length" = 9)."SMA"[0]
and open > SimpleMovingAvg("length" = 200)."SMA"[0])
or
MovingAvgCrossover("length1" = 9, "length2" = 200, "crossing type" = "above") is true
;

def sell =
(MovingAvgCrossover("length1" = 21, "length2" = 42,"crossing type" = "Above") is true
and  open > SimpleMovingAvg("length" = 9)."SMA"[0])
or
MovingAvgCrossover("length1" = 9, "length2" = 200,"crossing type" = "below") is true
;

def buysignal = buy;
def sellsignal = sell;
AddOrder(OrderType.BUY_TO_OPEN, buysignal, name = "Buy", tickcolor = Color.DARK_RED, arrowcolor = Color.RED);
AddOrder(OrderType.SELL_TO_CLOSE, sellsignal, name = "Sell", tickcolor = Color.GREEN, arrowcolor = Color.GREEN);

 

[Kislayakanan]

Hello, it is giving me error when I copy past. Can you share TOS link?

 

[Santhosh]

Hello, it is giving me error when I copy past. Can you share TOS link?

add only the following code (Note -- as a "strategy". not as a "study")

######## MyBuySellAlert Strategy ##########

def buy =
(MovingAvgCrossover("length1" = 21, "length2" = 42, "crossing type" = "below") is true
and TrendPeriods() is true
and open < SimpleMovingAvg("length" = 9)."SMA"[0]
and open > SimpleMovingAvg("length" = 200)."SMA"[0])
or
MovingAvgCrossover("length1" = 9, "length2" = 200, "crossing type" = "above") is true
;

def sell =
(MovingAvgCrossover("length1" = 21, "length2" = 42,"crossing type" = "Above") is true
and open > SimpleMovingAvg("length" = 9)."SMA"[0])
or
MovingAvgCrossover("length1" = 9, "length2" = 200,"crossing type" = "below") is true
;

def buysignal = buy;
def sellsignal = sell;
AddOrder(OrderType.BUY_TO_OPEN, buysignal, name = "Buy", tickcolor = Color.DARK_RED, arrowcolor = Color.RED);
AddOrder(OrderType.SELL_TO_CLOSE, sellsignal, name = "Sell", tickcolor = Color.GREEN, arrowcolor = Color.GREEN);

 

[irishgold]

reason its failing is two plots labeled Condition and they have no value anyway as you already set the conditions in the AddOrder section. But to be blunt this is not a very good strategy.

 

[Mocnarf1]

Here's a TrendPeriod Strategy it creates Buy and Sell signals when the TrendPeriod changes from positive to negative SELL and from negative to positive BUY. What I am am hoping to do is to find a way to reduce the number of unprofitable Buy-Sell pairs. I know to eliminate ALL unprofitable Buy_Sell pairs is a fool's errand. But I would like to reduce them if possible. The Buy and Sell sections of this study can easily be copy and a separate Buy and Sell study can be created. Which I use in a Study based Sequential Conditional Order.
Any suggestions?

def buy = 
TrendPeriods("fast length" = 21, "slow length" = 42) < 0 
and TrendPeriods("fast length" = 21, "slow length" = 42) [1] > 0
;

def sell =
TrendPeriods("fast length" = 21, "slow length" = 42) > 0 
and TrendPeriods("fast length" = 21, "slow length" = 42) [1] < 0
;

def buysignal = buy;
def sellsignal = sell;
AddOrder(OrderType.BUY_TO_OPEN, buysignal, name = "Buy", tickcolor = Color.DARK_RED, arrowcolor = Color.RED);
AddOrder(OrderType.SELL_TO_CLOSE, sellsignal, name = "Sell", tickcolor = Color.GREEN, arrowcolor = Color.GREEN);

I use Red color to denote money going Out of my Account (Buy)
and Green color to denote money coming INTO my Account (Sell)
I know it's a little bass-ackwords. But it works for me.

 

[MerryDay]

mod note:
It is not recommended to use one indicator in isolation nor one timeframe.
https://usethinkscript.com/threads/basics-for-developing-a-good-strategy.8058/

 

[Mocnarf1]

MerryDay suggested using multiple tests in a strategy to increase the profitability of the strategy. So I modified MyBuySell_Trend_Strategy here's the TOS shared screen link. What else might I do to improve this strategy. Remember I want to use the Study versions of this strategy to build Sequential Conditional Orders. Each Order Set will contain 3 Buy/Sell round trips. I want to build Studies and Strategy that I can place a SCO and let it run while I do other stuff. I have my system set to send me notifications for Buy/Sell activity to my cell phone. That way I can keep tabs on what is going on without having to be in front of my computer. Any way that's my goal.

Here's the link: http://tos.mx/kSjWzgb