SMA down X% in X bars and price X% below SMA

October 19th, 2019, 12:48 AM

I am fairly good at backwards engineering code to do what i want with custom TOS scans but this one kinda has me stumped.... I want to look for ex. 21 period SMA 20% or more lower then 21 period SMA form 20 bars ago and.... price (low) is 10% or more below the current bar 21 period SMA

i would like to figure out the code for each condition individually then i can just add them both into my scann

October 19th, 2019, 11:03 PM

Brandonoh777

I am fairly good at backwards engineering code to do what i want with custom TOS scans but this one kinda has me stumped.... I want to look for ex. 21 period SMA 20% or more lower then 21 period SMA form 20 bars ago and.... price (low) is 10% or more below the current bar 21 period SMA

i would like to figure out the code for each condition individually then i can just add them both into my scann

Code

declare lower;

input length = 21;
input price = close;
input averageType = averageType.SIMPLE;
input compareToBarsAgo = 20;

def ma = MovingAverage(averageType, price, length);

plot MA_Condition = ma < ma[compareToBarsAgo] * .8; 
plot Price_Condition = low < ma * .9;

October 19th, 2019, 11:07 PM

Nube

Code

declare lower;

input length = 21;
input price = close;
input averageType = averageType.SIMPLE;
input compareToBarsAgo = 20;

def ma = MovingAverage(averageType, price, length);

plot MA_Condition = ma < ma[compareToBarsAgo] * .8; 
plot Price_Condition = low < ma * .9;

ok thanks ill try that!!! if its in a scan do i need the plot scan statement?

October 19th, 2019, 11:13 PM

Nube

Code

declare lower;

input length = 21;
input price = close;
input averageType = averageType.SIMPLE;
input compareToBarsAgo = 20;

def ma = MovingAverage(averageType, price, length);

plot MA_Condition = ma < ma[compareToBarsAgo] * .8; 
plot Price_Condition = low < ma * .9;

and in the future if i wanted to look at the flip side 21 period sma X % higher then 21 period sma form x bars ago i would change it to declare higher?

October 20th, 2019, 12:43 PM

Nube

Code

declare lower;

input length = 21;
input price = close;
input averageType = averageType.SIMPLE;
input compareToBarsAgo = 20;

def ma = MovingAverage(averageType, price, length);

plot MA_Condition = ma < ma[compareToBarsAgo] * .8; 
plot Price_Condition = low < ma * .9;

the OK button is grayed out

SMA down X% in X bars and price X% below SMA

Discussion in ThinkOrSwim

SMA down X% in X bars and price X% below SMA