Hi,
I'm interested in triggering an alert in T.O.S. when the Hull Moving Average direction switches from Up to Down or vice versa.

The standard tools within Alerts allow you to trigger based on values being met or crossed, but not on the direction of the average.

Is anyone aware of how to set this up using Thinkscript or any other means?

Thanks,

EddieO

If anyone has ideas, would be much appreciated!

eddieo 

If anyone has ideas, would be much appreciated!

 

Code

#Hull Moving Average input price = close; input length = 20; input displace = 0; plot HMA = MovingAverage(AverageType.HULL, price, length)[-displace]; HMA.DefineColor("Up", GetColor(1)); HMA.DefineColor("Down", GetColor(0)); HMA.AssignValueColor(if HMA > HMA[1] then HMA.color("Up") else HMA.color("Down")); #Alert Alert(HMA > HMA[1] and HMA[1] < HMA[2], "Up", Alert.BAR, Sound.Bell); Alert(HMA < HMA[1] and HMA[1] > HMA[2], "Down", Alert.BAR, Sound.Bell);

Thank you rmejia! This is fantastic.

Hello, thanks for this, its exactly what I'm looking for as well (if I could just get it working haha). So I've created the study and added the thinkscript, however, it doesnt seem to be working....I purely copied and pasted the code....what should the "trigger if" condition be? I'm thinking that's where my problem may lie, but still not sure. Any help getting this working would be much appreciated. Thanks!

The trigger is a change in direction for the hull line. When it changes from up to down (color change) a sound and notification should trigger in thinkorswim.

Hi, this indicator is just what I needed!

Sorry for digging up an older post but I would like to ask for an addition.

Is it possible to add code so that there is a visual on change of direction?

Like an arrow or dot underneath or above the change of direction.

Thanks in advance!

Regards,

Patrick

How can I set up a scan to scan stocks that have just crossed over on a daily time period?

rmejia 

The trigger is a change in direction for the hull line. When it changes from up to down (color change) a sound and notification should trigger in thinkorswim.

Thank you for this code. I have the same problem though on the trigger. I clicked on study alert and then copied the code in scripteditor but right beneath that is a section that says "trigger if:" and a drop down box for at, below, above, etc for a specific price. There is no way that I can see to eliminate this requirement so every time I set the alert it essentially becomes a price alert. What am I missing? thank you so much for your help.