Spot on SMA-level not next bar open

LASSETASSE · 2021-03-17T16:30:51+00:00

I wish to trade when price touches sma as same value as sma , not next bar open. Ex. 30min timframe and if price is spot on (sma 20) LIVE, i want it to bye or sell Is this possible?

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03/17/2021 at 5:30 PM #164511 quote

LASSETASSE
Participant

Junior

I wish to trade when price touches sma as same value as sma , not next bar open.
Ex. 30min timframe and if price is spot on (sma 20) LIVE, i want it to bye or sell
Is this possible?

03/17/2021 at 7:58 PM #164520 quote

robertogozzi
Moderator

Legend

You cannot if you only use the 30-minute TF.

It’s possible if you use Multi Time Frame support. It will allow you to use also a lower TF, down to even 1 second, so you can detect that occurrence as soon as it happens.

Searching the forum for MTF or Multi Time Frame, will return you videos, articles and examples about it.

LASSETASSE thanked this post

03/18/2021 at 10:06 AM #164565 quote
Nicolas
Keymaster

Legend
You can also put pending orders on the SMA price levels: (LIMIT if you are above, or STOP if you are below).
```
sma = average[20]

if close > sma then 
 buy at sma limit 
elsif close < sma then 
 buy at sma stop 
endif
```
LASSETASSE and Khaled thanked this post
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