Buy or Sell at a certain distance from moving average

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03/23/2023 at 10:42 AM #211982 quote

Wolf
Participant

New

Hi,

Proreal does not have by default an indicator to calculate distance in % from price to a moving average, as this one…How Can I Measure the Distance Between Price and a Moving Average? | MailBag | StockCharts.com

Can we please have it, and also can you please show me the code for a strategy where I can automate to buy or sell when price is at a certain % from 200 moving average?

Thanks

Wolf

03/23/2023 at 10:42 AM #211980 quote

Wolf
Participant

New

Hi,

Proreal does not have this indicator, How Can I Measure the Distance Between Price and a Moving Average? | MailBag | StockCharts.com

Can we please have it, and also can you please show me the code for a strategy where I can automate to buy or sell when price is at a certain % from 200 moving average

Thanks

Ivan

03/23/2023 at 3:15 PM #211991 quote
JS
Participant

Master
Hi @Wolf,

Hereby a simple trading system based on %difference between Close and MA200…
```
DefParam CumulateOrders = False

Once PercLong = 2 //If difference >= PercLong then go LONG
Once PercShort = -2 //If difference <= PercShort then go SHORT

MA200 = Average[200](Close) // 200 units Moving Average
PercDiff = (Close - MA200) / MA200 * 100 // % Difference between Close and MA200

If PercDiff >= PercLong then // If % Diffence >= PercLong then go LONG
Buy 1 Contract at Market
EndIf

If PercDiff <= PercShort then // If % Diffence <= PercShort then go SHORT
SellShort 1 contract at Market
EndIf

//Graph PercDiff
```
03/24/2023 at 2:27 PM #212054 quote

Nicolas
Keymaster

Legend

You can find the PPO (Percent Price Oscillator) here: https://www.prorealcode.com/prorealtime-indicators/percentage-price-oscillator-ppo/
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