Second condition looks back to first

Taylor

New member
So I'm relatively new to all this and I've been combing the threads looking to see if I can find something related with no success, maybe it's what I'm searching for or I've missed it somehow. What I'm trying to come up with is a way to set up a study that would look to see is when a condition is met the first time and the difference in a separate parameter the second time that condition is met. An example let's say is that a condition I have is that I want to plot an arrow, this arrow would be triggered if the 20sma crosses above the 50 sma, but only if the close is greater than the last time that the 20sma crossed the 50 sma based on the timeframe of the chart I am currently on. I don't fully understand the lookback feature which is what I'm guessing I may need to use. I'd be happy to review and learn from any previous post if directed there, thank you in advance.
 
Solution
So I'm relatively new to all this and I've been combing the threads looking to see if I can find something related with no success, maybe it's what I'm searching for or I've missed it somehow. What I'm trying to come up with is a way to set up a study that would look to see is when a condition is met the first time and the difference in a separate parameter the second time that condition is met. An example let's say is that a condition I have is that I want to plot an arrow, this arrow would be triggered if the 20sma crosses above the 50 sma, but only if the close is greater than the last time that the 20sma crossed the 50 sma based on the timeframe of the chart I am currently on. I don't fully understand the lookback feature which...
So I'm relatively new to all this and I've been combing the threads looking to see if I can find something related with no success, maybe it's what I'm searching for or I've missed it somehow. What I'm trying to come up with is a way to set up a study that would look to see is when a condition is met the first time and the difference in a separate parameter the second time that condition is met. An example let's say is that a condition I have is that I want to plot an arrow, this arrow would be triggered if the 20sma crosses above the 50 sma, but only if the close is greater than the last time that the 20sma crossed the 50 sma based on the timeframe of the chart I am currently on. I don't fully understand the lookback feature which is what I'm guessing I may need to use. I'd be happy to review and learn from any previous post if directed there, thank you in advance.
Here is one way to code your example.

Capture.jpg
Ruby:
plot sma1  = Average(close, 20);
plot sma2  = Average(close, 50);
def cond1  = sma1 crosses above sma2;
def close1 = if cond1 then close else close1[1];
plot cond2 = if cond1 and close > close1[1] then 1 else 0;
cond2.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
input debug = yes;
AddChartBubble(debug and cond1, high, close1, Color.WHITE);
 
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
251 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top