transfer the current price at the moment the condition is triggered

[Max911]

Hi, I developed an strategy that use audible alerts when current volume bar is greater than previous bar.

Buy1 = close > close[1] and volume > volume[1];
Sell1 = close < close[1] and volume < volume[1];

alert(Buy1, " Buy " + " " + close, Alert.BAR, Sound.Ring);
alert(Sell1, " Sell " + " " + close, Alert.BAR, Sound.Ring);

I need to run a backtest for that, so my question is pretty simple:

How can I get the exact price that the alert triggers in the message?

https://imgur.com/a/h7lBfG1

def buySig = close and Buy1;
def buyPrice = if open[-1] and Buy1 then open[-1] else XXX[-1]; (XXX is where I need the real price that appears in message center)
AddOrder(OrderType.BUY_TO_OPEN, buySig[-1], price = buyPrice, tradeSize = 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Buy");

I need the 'message center price' to add into the 'strategy script', cos price triggered when volume > volume[1] is variable.

 

[Max911]

How can I put the real price of the condition into the AddOrder? Using EntryPrice(), I don't know. Thx for ur help!

 

[SleepyZ]

How can I put the real price of the condition into the AddOrder? Using EntryPrice(), I don't know. Thx for ur help!

This may give you some ideas as to how to display price on the strategy chart through addchartbubble.

def Buy1 = close > close[1] and volume > volume[1];
def Sell1 = close < close[1] and volume < volume[1];

Alert(Buy1, " Buy " + " " + close, Alert.BAR, Sound.Ring);
Alert(Sell1, " Sell " + " " + close, Alert.BAR, Sound.Ring);


def buySig = close and Buy1;
def sellSig = close and Sell1;
#def buyPrice = if open[-1] and Buy1 then open[-1] else XXX[-1];# (XXX is where I need the real price that appears in message center)
AddOrder(condition = buySig[-1], name = "Buy");
AddOrder(type = OrderType.SELL_AUTO, condition = sellSig[-1]);
AddChartBubble(buySig, low*.998, EntryPrice(), Color.LIGHT_GREEN, no);
AddChartBubble(sellSig, high*1.002, EntryPrice(), Color.LIGHT_RED);

 

[Max911]

Thanks @SleepyZ but your scripts work as usual, printing the open as entry or exit price, not the real condition price.

def Buy1 = close > close[1] and volume > volume[1];
def buySig = close and Buy1;
def buyPrice = if open[-1] and Buy1 then open[-1] else XXX[-1]; (XXX is where I need the real price that appears in message center when condition triggers)
AddOrder(OrderType.BUY_TO_OPEN, buySig[-1], price = buyPrice, tradeSize = 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Buy");

 

[SleepyZ]

Thanks @SleepyZ but your scripts work as usual, printing the open as entry or exit price, not the real condition price.

def Buy1 = close > close[1] and volume > volume[1];
def buySig = close and Buy1;
def buyPrice = if open[-1] and Buy1 then open[-1] else XXX[-1]; (XXX is where I need the real price that appears in message center when condition triggers)
AddOrder(OrderType.BUY_TO_OPEN, buySig[-1], price = buyPrice, tradeSize = 1, tickcolor = Color.GREEN, arrowcolor = Color.GREEN, name = "Buy");

I was basically answering how to show the price on the chart as it is not part of the addorder so you could better do your analyzis. I added the strategy report as in my review of it, the entryprice(), which was independent of the addorder function seemed to basically match the price in that report. I didn't run the strategy to see if price from the message alert matched the strategy report. If the alert message price does not match the bubble or the strategy report, I am not aware of any way to retrieve the alert message price other than a manual process.

 

[Max911]

Yes, I understand you and I appreciate it, but if there's no way to match alert price with report price, any backtest result is unreal, false.

I have not read that this topic is something relevant in this forum but it seems to me a serious problem in the attempt to develop any strategy.

Thinkorswim is a very powerful platform, I can't believe there isn't a way to transfer the current price at the moment the condition is triggered to the order strategy. (eg price when current bar volume is higher than previous bar volume)