Conditional order based on RSI, Squeeze and Momentum


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Hahn,

I try to make a strategy that BUY when all conditions are met: the TTM Squeeze dot turns green on the Histogram and it increases, RSI is higher than the previous RSI(1 bar before), and when the Momentum is increasing and larger than 0

SELL to Close: when TTM Squeeze decreases, RSI is lower than the previous RSI, and Momentum decreases.

Can you do it for buying option (the one ITM).

Thank you so much for your help

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Posted by (Questions: 5, Answers: 5)
Asked on January 25, 2019 10:31 am
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Funny to see these question titles. Your title says Squeeze Strategy. But your request has nothing to do with Strategies. You are trying to combine the TTM Squeeze and RSI to build a conditional order that will buy an option that is ITM for a given ticker symbol.

The conditional orders are not able to do this. When you create the order, you must use the ticker symbol you want to buy or sell. It is impossible to get the conditional order to buy an ITM option unless that is the ticker symbol you used to create the order.

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Posted by (Questions: 37, Answers: 4118)
Answered on January 27, 2019 11:17 am
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Hahn,
So can you create that conditional order for stock?
Thank you for your help,

( at January 27, 2019 2:43 pm)
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Ok, yes. We can do that with a conditional order. But I still need you to provide more details. All I have is the TTM Squeeze, RSI and something you call “Momentum”. What exactly is this “Momentum”? It would have been best if you had provided a screenshot showing exactly what this looks like on a chart. At some point we’ll get enough details so we can update that question title to make more sense and provide some code that does the job.

( at January 28, 2019 10:19 am)
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https://drive.google.com/drive/folders/1cymbtC6j0CnxUW9A-kKRf09K0EcnTE39?usp=sharing
Hahn,
In this picture, the TTM Squeeze turn from red to green, and Momentum is above 0, also RSI is increasing.
Can you create a conditional order for those things.

( at January 28, 2019 3:48 pm)
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Now that we have the full details I have a solution. No need to write any code for something so simple as this one. You simply build this using the condition wizard. The Study Alert and the Conditional Order are identical. So practice using the Study Alert until you get it write. I have attached 4 screenshots that show each of the three conditions and the final result. Pay very close attention to all the details shown in each screenshot.

 

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Posted by (Questions: 37, Answers: 4118)
Answered on January 29, 2019 2:27 pm