Support Board
Date/Time: Thu, 08 May 2025 05:27:28 +0000
Post From: Automatically Place OCO Buy Stop Sell Stop Order When Price Expansion Tool Level Breached
| [2024-11-25 18:50:34] |
| John - SC Support - Posts: 39675 |
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Although it is possible to reference drawings in Alert Conditions, the Price Expansion tool will only work with references to the Anchors, which will not give you what you want directly. Refer to the following: Study/Chart Alerts And Scanning: Referencing Chart Drawings But, you can use the anchor information to calculate the particular level line you want to use for the alert, as the Price Expansion is fairly straightforward in the calculation. It takes the price difference between the two anchors and then multiplies that by the percentage of the line and adds it to the end price. For example, to get the 50% line value you would use an Alert Condition like the following: =ABS(UDID[100].A1 - UDID[100].A2) * .5 + UDID[100].A2 You would then use the "Trading System Based on Alert Condition" to automate your trading. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |