Posts Tagged ‘crossover’

Moving Average Cross Alert Study for Think or Swim

December 11, 2009

Here’s a script that shows how to trigger an alert on a moving average crossover, but only after the bar that caused a crossover has completed. I have an arrow plotted intrabar if the averages cross, and it disappears if they uncross. This same thing can happen to alerts based on the crossover, giving you an alert that is later invalidated. The way around it is to have the alert look one bar back, so it won’t trigger until the first tick after a crossover bar is finished.

The script is called “MACrossover_w_AlertsSTUDY.ts”, and is free at my Google site under
“Released Thinkscript Studies”.