Wrong SELL_TO_CLOSE time

kimber_da

New member
VIP
I'm fairly new to thinkscript and I've started to feel my way around but I've run into a snag that I haven't been able to fix or find a fix for.

Basically, I'm trying to build a swing strategy based off of RSI and 9 day SMA crossovers. The problem is I can't figure out why the SELL_TO_CLOSE is is the wrong spot and often sells too late or at another time above SMA. I would like it to trigger a sell on the current candle as soon as the low crosses below SMA.

Here is what I have so far:

Code:
plot SMA = simpleMovingAvg(low,9,0,no);

input tradesize = 1;
input sell = close;

def buy1 = VolumeAvg()."Vol" is greater than 250000 and open is greater than 5 and open is less than 3000 and close[0] is greater than SMA and RSI()."RSI" crosses above 32 within 8 bars;

AddOrder(OrderType.BUY_TO_OPEN, buy1, tradesize, name = "Buy @" + open[0], Color.ORANGE, Color.ORANGE);

def sell1 = low crosses below SMA;

AddOrder(OrderType.SELL_TO_CLOSE, sell1, tradesize, name = "Sell @" + low[0], Color.RED, Color.RED);

Any one have any thoughts? Thanks in advanced.
 

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.
Top