How to Create a Condition for Price Crossing a Moving Average
Plotted indicators can be used to create a variety of conditions (behaviors). In this example price and 200 period moving averages are used to create a crossover condition. The same steps will work for crossover conditions on any indicator. Here are the steps.
How to create the condition from an previously plotted moving average
1. Click on the label for the Price Plot at the top of the chart.
Click on Create Condition.
2. Click on the condition drop down menu.
3. Select your desired relationship between price and the moving average.
The true field will let you set parameters for when or how often the condition returned true.
- Now = Condition is true for current bar
- x bars ago = Condition was true specified number of bars ago
- within last x bars = Condition was true at least once within the specified period of bars
- x bars in a row = Condition has been true for the last specified number of bars
4. Apply the condition
Select from the Apply To menu the way you want to apply the condition set
- Scan Results (Scan in a new window)
- Scan Plot (historical scan plot)
- Scan Plot Summary (summary of scan results over time)
- Sort Column (sortable column in new WatchList)
- Item in Layout (apply to chart or WatchList in current layout)
- Buy (place a stock or option buy conditional order based on the conditions)
- Sell (place a stock or option sell conditional order based on the conditions)
- Copy to Clipboard (copy conditions to computer clipboard for reuse)
For instructions to Save Conditions to the library click here.
How to create the condition without plotting a moving average
1. Click on the label for the Price Plot at the top of the chart.
Click on Create Condition.
2. Click the plus sign "+" next to price history to add a child indicator.
3. Select the desired moving average type.
4. Click on the indicator title to edit the child indicator.
5. Set desired parameters. Select OK.
6. Click on the condition drop down menu.
7. Select your desired relationship between price and the moving average.
The true field will let you set parameters for when or how often the condition returned true.
- Now = Condition is true for current bar
- x bars ago = Condition was true specified number of bars ago
- within last x bars = Condition was true at least once within the specified period of bars
- x bars in a row = Condition has been true for the last specified number of bars
8. Apply the condition
Select from the Apply To menu the way you want to apply the condition set
- Scan Results (Scan in a new window)
- Scan Plot (historical scan plot)
- Scan Plot Summary (summary of scan results over time)
- Sort Column (sortable column in new WatchList)
- Item in Layout (apply to chart or WatchList in current layout)
- Buy (place a stock or option buy conditional order based on the conditions)
- Sell (place a stock or option sell conditional order based on the conditions)
- Copy to Clipboard (copy conditions to computer clipboard for reuse)
For instructions to Save Conditions to the library click here.