Create entry signal only when state changes to the opposite
Posted: Tue Sep 12, 2023 9:54 pm
Hi,
It would be great if there was a way to have a 1-time alert that only goes off when the state of an indicator, or price relative to an indicator, changes to the opposite.
For example, if I tested a 50/200 MA crossover, I would only want to pause the chart or take a trade on the first candle when the 50 MA closes above or below the 200 MA. Right now, when I try to create a Rule like this, the chart pauses every time the 50 is above/below the 200...which is on every candle.
Another example would be a RSI strategy that uses the 50% level to take signals. Go long on the first close above the 50% line and go short on the first close below the 50% line. Again, I could not automate this process because there would be a signal on every single candle.
Thanks.
It would be great if there was a way to have a 1-time alert that only goes off when the state of an indicator, or price relative to an indicator, changes to the opposite.
For example, if I tested a 50/200 MA crossover, I would only want to pause the chart or take a trade on the first candle when the 50 MA closes above or below the 200 MA. Right now, when I try to create a Rule like this, the chart pauses every time the 50 is above/below the 200...which is on every candle.
Another example would be a RSI strategy that uses the 50% level to take signals. Go long on the first close above the 50% line and go short on the first close below the 50% line. Again, I could not automate this process because there would be a signal on every single candle.
Thanks.