Wait for Candle to Close

Mightymorphinchris

Active member
Hi,

I was wondering if there was any way to wait for a candle to close before evaluating an IF statement. For example, if i'm looking at the MACD value being greater than the avg value on both the 1m and the 5m, can I script it to wait for the 5m candle to close first? Seems like a simple question but, i don't know the correct terminology in thinkscript to find it in the docs.

Thanks ahead of time!
 
to get the final close of a candle, you would read the previous one, by using an offset of 1.
def x = close[1];

the second the current candle reaches the end of its time period, the next candle opens. you can't capture the final close of the active candle.
 
to get the final close of a candle, you would read the previous one, by using an offset of 1.
def x = close[1];

the second the current candle reaches the end of its time period, the next candle opens. you can't capture the final close of the active candle.
Thanks! So with something like this would it be this (fastAvg, slowAvg):

Code:
def fastAvg = sum(volume * close[1], fastLength) / sum(volume, fastLength);
def slowAvg = sum(volume * close[1], slowLength) / sum(volume, slowLength);
plot Value = fastAvg - slowAvg;
plot Avg = ExpAverage(Value, MACDLength);
plot Diff = Value - avg;
 

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
328 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