Study Based Conditional Orders On Intraday Candles

darkejo

New member
Has anyone had success using the "crossing above" constant on intraday candles and experienced this? I understand the majority of people using thinkscript will not understand this so my hope is that there is someone out there who has already found a workaround. Unfortunately, you cannot use conditional orders or alerts that use studies in OnDemand or papertrading so testing must be done live.

I have a study that creates a 'buy line' on a 5 minute aggregation, that when 'crossed over' the conditional order triggers buying at the nearest ask, much like a market order. This works if the 'Close' of the previous candle is below or at the 'buy line', but I would imagine it should still trigger even if the price is already above, drops under, then crosses back above, but it doesn't. From all the documentation that I've read, to reference the "last price" on a live chart and to only see printed tick data as conditional orders do, using the 'close' is the only way to accomplish this, but this may be where someone else may be able to assist. My assumption is that because the 'Open' of the candle in question and the 'Close' of the previous candle is above the 'buy line', technically the 'Close' hasn't crossed above, depending on how thinkscript is programmed to interpret it.

The code I'm currently using in the conditional order is:
Code:
Crosses(CLOSE,BuyLine, CrossingDirection.ABOVE)

The problem I have found with using

Code:
input priceType = PriceType.LAST;
LastPrice = close(priceType = priceType);
Crosses(LastPrice,BuyLine, CrossingDirection.ABOVE)

is that there are many ticks that don't register on the chart because they don't meet the minimum requirements to be printed on a bar and I need the conditional order to follow exactly what's being printed on the chart.

Thanks!

J
 

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