Trigger conditional order on candle closing above price level


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Is it possible to create an order entry or close to trigger when a bar/candle “closes”above a certain price on that time-frame? Not if it hits a certain price but actually closes above/below the set price….Thanks

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Asked on June 17, 2020 8:48 am
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I moved your question out of the "Frequently Asked Questions" topic and into the "Strategy Guide" topic. Questions that relate to using the Conditional Order tool should be posted in the Strategy Guide topic.

I also updated the title of your question so that it actually describes the context of your request. This will make is much easier for the rest of our viewers to locate this solution using the search function.

You construct this order using the Conditional Order window. The code merely checks for the close crossing above your specified price level. The Offset values is set to 1 so that the signal waits for the bar that triggers the condition to completely close and the next candle opens. Screenshots below show how to set this up.

Completely lost? Well you have some catching up to do:

https://www.hahn-tech.com/thinkorswim-condition-wizard/

https://www.hahn-tech.com/thinkorswim-autotrade-almost/

 

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Answered on June 17, 2020 10:35 am