How to code a change of the "ribbon"

AlgoAlex · 2019-05-08T13:13:51+00:00

Given a number of moving averages with different periods, I would like to code the first moment when they are arranged by order, for example: ma1=Average[1] ma2=Average[2] ma3=Average[3] ma4=Average[4] ma1>ma2>ma3>ma4 and that only candle to use as an entry signal. Hope I have been clear. Thanks anybody Alex

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05/08/2019 at 2:13 PM #97962 quote
AlgoAlex
Participant

Master
Given a number of moving averages with different periods, I would like to code the first moment when they are arranged by order, for example:
```
ma1=Average[1]
ma2=Average[2]
ma3=Average[3]
ma4=Average[4]

ma1>ma2>ma3>ma4
```
and that only candle to use as an entry signal.

Hope I have been clear.

Thanks anybody

Alex
05/08/2019 at 2:25 PM #97964 quote
robertogozzi
Moderator

Legend
```
ma1=Average[1]
ma2=Average[2]
ma3=Average[3]
ma4=Average[4]
x = ma1 > ma2 AND ma2 > ma3 AND ma3 > ma4
return x
```
So.
- x > x[1] will tell you the first bar when they are in order
- x < x[1] will tell you the first bar when they are no more in order
- x <> x[1] will tell you whenever there’s been a change from order to disorder and viceversa
AlgoAlex thanked this post
05/08/2019 at 2:53 PM #97967 quote
AlgoAlex
Participant

Master
robertogozzi wrote:

ma1=Average[1]
ma2=Average[2]
ma3=Average[3]
ma4=Average[4]
x = ma1 > ma2 AND ma2 > ma3 AND ma3 > ma4
return x

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ma1=Average[1]

ma2=Average[2]

ma3=Average[3]

ma4=Average[4]

x = ma1 > ma2 AND ma2 > ma3 AND ma3 > ma4

return x

So.
- x > x[1] will tell you the first bar when they are in order
- x < x[1] will tell you the first bar when they are no more in order
- x <> x[1] will tell you whenever there’s been a change from order to disorder and viceversa
So, if I would code an entry, it would be like:
```
slope=x-x[1]

if slope crosses over 0 then
buy at market
```
Am I right?
05/08/2019 at 4:27 PM #97982 quote

robertogozzi
Moderator

Legend

Yes, sure.

You may also add GRAPH to your code to watch desired values as they change candle after candle.
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