Hi everyone,

I am creating a very simple indicator for averaging down purposes. Its launched every day with different levels (grids) above from a levelZERO. The strategy (based in Nicholas’ averaging down example) always goes short. If the operation is positive, the next day start again a new levelZERO and the new grids above.

My question is that if the strategy start accumulating contracts or is above to (it is still open at the end of the day), the next day I would like to keep the original levelZERO levels, since the operation is still open.

With the strategy this is solve with the ON MARKET condition, but indicators do not allow OPEN/BUY commands. Anyone knows any trick to keep an indicator passive while ON MARKET, and start again when IS NOT ON MARKET???

I am posting the indicator. It is very simple.

Thanks in advance,

// AVERG DOWN indicator

defparam drawonlastbaronly= true

// parameters
rojo=open>close

// Determinición niveles GRID
IF time=020000 AND rojo THEN
levelZERO = close
ENDIF

IF time=030000 AND rojo AND NOT rojo[1] THEN
levelZERO = close
ENDIF

IF time=040000 AND rojo AND NOT rojo[1] AND NOT rojo[2] THEN
levelZERO = close
ENDIF

IF time=050000 AND rojo AND NOT rojo[1] AND NOT rojo[2] AND NOT rojo[3] THEN
levelZERO = close
ENDIF

IF time=060000 AND rojo AND NOT rojo[1] AND NOT rojo[2] AND NOT rojo[3] AND NOT rojo[4] THEN
levelZERO = close
ENDIF

IF time=070000 AND rojo AND NOT rojo[1] AND NOT rojo[2] AND NOT rojo[3] AND NOT rojo[4] AND NOT rojo[5] THEN
levelZERO = close
ENDIF

IF time=080000 AND rojo AND NOT rojo[1] AND NOT rojo[2] AND NOT rojo[3] AND NOT rojo[4] AND NOT rojo[5] AND NOT rojo[6] THEN
levelZERO = close
ENDIF

IF time=090000 AND rojo AND NOT rojo[1] AND NOT rojo[2] AND NOT rojo[3] AND NOT rojo[4] AND NOT rojo[5] AND NOT rojo[6] AND NOT rojo[7] THEN
levelZERO = close
ENDIF

IF time=100000 AND rojo AND NOT rojo[1] AND NOT rojo[2] AND NOT rojo[3] AND NOT rojo[4] AND NOT rojo[5] AND NOT rojo[6] AND NOT rojo[7] AND NOT rojo[8] THEN
levelZERO = close
ENDIF

// levels UP
grid=40

level5up = level4up + (grid)*pipsize
level4up = level3up + (grid)*pipsize
level3up = level2up + (grid)*pipsize
level2up = level1up + (grid/2)*pipsize
level1up = levelZERO + grid*pipsize
levelprofit = levelZERO - (grid/2)*pipsize

RETURN LevelZERO as "levelZERO", level1up as "level1up", level2up as "level2up", level3up as "level3up", level4up as "level4up", level5up as "level5up", levelprofit as "levelprofit"





 

levelZERO-AVERG-diario.itf Screen-Shot-2019-02-23-at-17.46.36.png