% distance from Moving average condition

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  • 09/02/2024 at 8:18 AM #236988 quote
    Tbone6060
    Participant
    New

    Hey there guys –  wondering if anyone could help with code condition for only taking a trade if price is a certain % above moving average?

    so price must be within 5% of 200 ema? any help appreciated thanks

    09/02/2024 at 9:59 AM #236999 quote
    robertogozzi
    Moderator
    Legend

    There you go:

    // price must be within 5% of 200 ema

Ema200 = average[200,1](close)
Above  = Ema200 * 1.05          //5% above
Below  = Ema200 * 0.95          //5% below
Cond   = (close <= Above) AND (close >= Below)
RETURN Cond AS "Within 5%"
    Iván González thanked this post
    09/02/2024 at 11:20 AM #237011 quote
    Tbone6060
    Participant
    New

    Thank you!

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% distance from Moving average condition


ProOrder: Automated Strategies & Backtesting

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Tbone6060 @tbone6060 Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by Tbone6060
2 years ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/02/2024
Status: Active
Attachments: No files
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