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                                                   Indicator for price

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umair
2013-02-10 19:04:59


Is there a indicator for a price?

Problem:

System i'm trying to create buys when PRICE of a one min bar > X. Data is intraday. Current formula for ''price'' that i'm using is "open"

The problem i'm facing when using ''open'' is that in a given minute there are many trades.. and hence and min bar has a high, low, open and close. So if for example my "X" value is 10 but the open is 9, then, the trading system will not execute my trade. However! What if my high for the one min bar was 12! I would want the trading system to buy at that bar.

For example:

Price>10, 1 min data
open=10
high=12
low=9
close=10

The logic should had bought this since ''price'' in that minute was larger than 10. But what is happening ( i think) is that the system is skipping over this bar and searching for when the OPEN is larger than 10. Any thoughts?




QuantShare
2013-02-11 11:36:38

  0

Hi,

The default order type is "Buy at open of tomorrow". So if the close price is higher than 10 then an order to buy the asset is initiated and executed at the open of the next bar.

Using the wizard you can directly update order types. Using the formula, you should use use "SetSimTiming" function.

Example: Buy when price reaches $10 today.
SetSimTiming(_Buy, _Limit, 10, -1);




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