Sell Based on a Price Increase

[Tomahawk6117]

Hi @halcyonguy I hope you are doing well and thank you again for all of your help. In the think script below, it works very well for identifying a 5% price gain from the market open, thank you very much for your help with this. If I wanted to alter the think script so that it sold when the price increased by $0.01 from the market open price, instead of on a percentage basis, may you please help me with this? Thank you again for your time and your help @halcyonguy.

input sell_percent_gain = 5.0;
input price1 = high;
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 above sell_percent_gain then 1 else 0;

plot z1 = sell1;

 

[halcyonguy]

Hi @halcyonguy I hope you are doing well and thank you again for all of your help. In the think script below, it works very well for identifying a 5% price gain from the market open, thank you very much for your help with this. If I wanted to alter the think script so that it sold when the price increased by $0.01 from the market open price, instead of on a percentage basis, may you please help me with this? Thank you again for your time and your help @halcyonguy.

input sell_percent_gain = 5.0;
input price1 = high;
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 above sell_percent_gain then 1 else 0;

plot z1 = sell1;

i think this will do it. on my cell , outside, hard to see screen.

input sell_percent_gain = 5.0;
input price1 = high;
input price2 = close;
input start = 0930;
input day_gain_to_sell = 0.01;
input trigger_on_all_prices_below_stop = yes;

def daystart = secondstillTime(start) == 0; def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def daydiff2= round(price2 - dayopen,2);
 
def pergain = round(100*daydiff/dayopen,1);

#def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain >= sell_percent_gain then 1 else if pergain crosses above sell_percent_gain then 1 else 0;
#plot z1 = sell1;

def sell2 = if (daystart or trigger_on_all_prices_below_stop) and price2 >= day_gain_to_sell then 1 else if price2 crosses above day_gain_to_sell  then 1 else 0;

plot z2 = sell2;

 

[Tomahawk6117]

i think this will do it. on my cell , outside, hard to see screen.

input sell_percent_gain = 5.0;
input price1 = high;
input price2 = close;
input start = 0930;
input day_gain_to_sell = 0.01;
input trigger_on_all_prices_below_stop = yes;

def daystart = secondstillTime(start) == 0; def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);
def daydiff2= round(price2 - dayopen,2);
 
def pergain = round(100*daydiff/dayopen,1);

#def sell1 = if (daystart or trigger_on_all_prices_below_stop) and pergain >= sell_percent_gain then 1 else if pergain crosses above sell_percent_gain then 1 else 0;
#plot z1 = sell1;

def sell2 = if (daystart or trigger_on_all_prices_below_stop) and price2 >= day_gain_to_sell then 1 else if price2 crosses above day_gain_to_sell  then 1 else 0;

plot z2 = sell2;

Thank you very much for your help @halcyonguy, I really appreciate it. I made some minor adjustments and I think this will be good. Thank you again for all of your help.

input day_gain_to_sell = 0.01;
input price1 = high;
input start = 0930;
input trigger_on_all_prices_below_stop = yes;

def daystart = secondstillTime(start) == 0;
def dayopen = if daystart then open else dayopen[1];
def daydiff = round(price1 - dayopen,2);

def sell2 = if (daystart or trigger_on_all_prices_below_stop) and daydiff >= day_gain_to_sell then 1 else if daydiff crosses above day_gain_to_sell then 1 else 0;

plot z2 = sell2;