Need Conditional Buy and Sell Orders Based On SuperTrend

[hey]

I have this nice code which puts a green and red Supertrend Line and I'm trying to slightly alter it to be two separate codes which:

1) keeps the same exact green and red Supertrend line on both codes
2) has a moving plotted buy point at 3 cents above the code's supertrend line on one code, while having a moving plotted sell point at 3 cents below the code's Supertrend line on the other code

mod note:

rewrote requests based on what it appears the member is asking

3) Need a conditional order that will buy at 3 cents above the supertrend line on one code
And then a conditional sell order that I can place on the active trade to close at 3 cents below the supertrend line

I would like it as two separate conditional orders scripts, which I understand I need to cut and paste manually and at separate times to buy/sell when stock price reaches the 3 cents below and 3 cents above the supertrend line


Here is the base code which I am using:

input ATRLength = 10;
input Factor = 3.0;

def ATR = atr(length = ATRLength);
def HL2 = (high + low) / 2;

def UpperBand = HL2 + Factor * ATR;
def LowerBand = HL2 - Factor * ATR;

rec TrendDir = if !IsNaN(close) then
if TrendDir[1] == 1 then
if close < UpperBand[1] then 0 else 1
else
if close > LowerBand[1] then 1 else 0
else TrendDir[1];


rec Supertrend = if !IsNaN(close) then
if TrendDir == 1 then Max(LowerBand, Supertrend[1])
else Min(UpperBand, Supertrend[1])
else Supertrend[1];

plot ST = Supertrend;
ST.AssignValueColor(if TrendDir then Color.GREEN else Color.RED);
ST.SetLineWeight(2);

# Midpoint for background cloud anchoring
def MidBody = (open + close) / 2;

 

[Joshua]

Like this? Basically, +/- three cents beyond a ST cross-over in the same direction. I want to be completely sure if it is for a conditional order. Sometimes even the simplest things take multiple posts back and forth.

 

[hey]

Like this? Basically, +/- three cents beyond a ST cross-over in the same direction. I want to be completely sure if it is for a conditional order. Sometimes even the simplest things take multiple posts back and forth.

Yes. Something which uses the existing line which is in the Supertrend code that I posted (as I like the look and function of it) but has the conditional addOrder to open or addOrder to close +/ - 3 cents beyond the Supertrend line in either direction; though preferably, as opposed to a line, I would like the 3 cent above or below mark to be a point (maybe a circle or triangle) which disappears after a candle closes and reposts itself above the current candle (as my charts are already full of a lot of lines). And thanks.

 

[Joshua]

Ok, I'm glad I asked, a conditional order and addOrder are two completely different things. One is a script based condition on a live order, the other is for simulated trades during historical back testing. Which one are we talking about?

Here's the dots anyway, they might be hard to see depending on the general price range and volatility of what you're trading though; sometimes being squished together or being covered by bars. We can move them one bar into the right side expansion area perhaps, there's ways to clean up the visuals. But, the first question is probably more important.

input ATRLength = 10;
input Factor = 3.0;

def lastBar = !isNaN(close) and isNaN(close[-1]);

def ATR = atr(length = ATRLength);
def HL2 = (high + low) / 2;

def UpperBand = HL2 + Factor * ATR;
def LowerBand = HL2 - Factor * ATR;

def TrendDir = if !IsNaN(close) then
if TrendDir[1] == 1 then
if close < UpperBand[1] then 0 else 1
else
if close > LowerBand[1] then 1 else 0
else TrendDir[1];


def Supertrend = if !IsNaN(close) then
if TrendDir == 1 then Max(LowerBand, Supertrend[1])
else Min(UpperBand, Supertrend[1])
else Supertrend[1];

def ST = Supertrend;

plot abv = if lastbar then ST + 0.03 else double.nan;
abv.setpaintingStrategy(paintingStrategy.POINTS);
abv.setdefaultColor(color.cyan);
abv.setlineWeight(3);

plot blw = if lastbar then ST - 0.03 else double.nan;
blw.setpaintingStrategy(paintingStrategy.POINTS);
blw.setdefaultColor(color.orange);
blw.setlineWeight(3);

 

[hey]

Thank you. I see the dot appearing on my chart. I want to do a real conditional order trade where I have the transaction take place when the price on the study hits the + / - 3 cents beyond the supertrend line. Is this code that you made for the live conditional order?

But now that you mention it? If it isn't too much trouble for you, would you also be able to make one so that I can backtest it so see if it would be a good strategy?