Sell at a Loss

[Tomahawk6117]

Hi @halcyonguy, you were very helpful in starting the code below for me, thank you very much. I have made some edits so that it sells when the price crosses below a 20% loss from the market open price. May you please tell me, is there a way to edit the code so that the stock will sell at the close of any candle where the price is below 20% from the market open, even if it has not just crossed this price? Thank you very much for your time and your help, I really appreciate it.

input sell_percent_gain = -20.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

def sell1 = if daystart and pergain < sell_percent_gain then 1 else if pergain crosses below sell_percent_gain then 1 else 0;

plot z1 = sell1;
z1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
z1.SetDefaultColor(Color.red);
z1.setlineweight(3);
z1.hidebubble();

 

[halcyonguy]

Hi @halcyonguy, you were very helpful in starting the code below for me, thank you very much. I have made some edits so that it sells when the price crosses below a 20% loss from the market open price. May you please tell me, is there a way to edit the code so that the stock will sell at the close of any candle where the price is below 20% from the market open, even if it has not just crossed this price? Thank you very much for your time and your help, I really appreciate it.

input sell_percent_gain = -20.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

def sell1 = if daystart and pergain < sell_percent_gain then 1 else if pergain crosses below sell_percent_gain then 1 else 0;

plot z1 = sell1;
z1.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
z1.SetDefaultColor(Color.red);
z1.setlineweight(3);
z1.hidebubble();

i am not sure what you are asking for.
this version has an option to draw arrows on every bar that is lower than the stop line.
trigger_on_all_prices_below_stop = yes;

# stop_20per_drop_sell_00b

#https://usethinkscript.com/threads/sell-at-a-loss.15243/
#Sell at a Loss
#Tomahawk6117  4/20

#Hi @halcyonguy, you were very helpful in starting the code below for me, thank you very much. I have made some edits so that it sells when the price crosses below a 20% loss from the market open price. May you please tell me, is there a way to edit the code so that the stock will sell at the close of any candle where the price is below 20% from the market open, even if it has not just crossed this price? Thank you very much for your time and your help, I really appreciate it.

def na = double.nan;
def bn = barnumber();

input sell_percent_gain = -20.0;
input price1 = close;
input start = 0930;
def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def pergain = round(100*daydiff/dayopen,1);

input trigger_on_all_prices_below_stop = yes;
def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain <= sell_percent_gain then 1 else if pergain crosses below sell_percent_gain then 1 else 0;

plot z1 = if sell1 then high * 1.001 else na;
z1.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
z1.SetDefaultColor(Color.red);
z1.setlineweight(3);
z1.hidebubble();

#---------------------------------------
# plot lines , at open and % offset

input show_lines = yes;
plot zo = if show_lines then dayopen else na;
zo.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
zo.SetDefaultColor(Color.light_gray);
zo.hidebubble();

def stop1 = dayopen * (1 + (sell_percent_gain/100));

plot zs = if show_lines then stop1 else na;
zs.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
zs.SetDefaultColor(Color.light_gray);
zs.hidebubble();


#--------------------------
addchartbubble(0, low*0.99,
 sell_percent_gain + "  sell\n" +
 pergain + "  per" 
, color.yellow, no);

#

 

[Tomahawk6117]

Hi @halcyonguy, this is awesome, thank you so much. This is exactly what I was looking for in my question, thank you. May you please tell me in the following code you wrote, why did you multiple the high price of the candle by 1.001? Thank you again for your help, I really appreciate it.

plot z1 = if sell1 then high * 1.001 else na;

 

[halcyonguy]

Hi @halcyonguy, this is awesome, thank you so much. This is exactly what I was looking for in my question, thank you. May you please tell me in the following code you wrote, why did you multiple the high price of the candle by 1.001? Thank you again for your help, I really appreciate it.

plot z1 = if sell1 then high * 1.001 else na;

personal preference. for me , arrows stand out and are easier to see if they are a small distance away from a candle.

 

[Tomahawk6117]

personal preference. for me , arrows stand out and are easier to see if they are a small distance away from a candle.

That makes sense, thank you very much for your help.