Mimic Halt Indicator

[JJTrades]

Hey all. I asked this on reddit but I wanted to get more eyes on it just to see if its doable.

For starters, Im not a coder (played with php when I was younger but not well versed at all). So I know the sytax is wrong but I think the coders here will get the jist of what Im trying to achieve.

I want to create a watchlist that has only a single custom script in it, and it would be trying to interpret a halt situation. Example.


if(currentVol-3 > 5mil && currentVol-2 == 0 && currentVol-1 == 0){
halted = true;
}

Trying to see if it would read that the stock WAS trading high, but then all of the sudden within 2 one minute candles went to zero volume indicating a likely halted situation. I was told on reddit that its not possible to set an alert such as:

Alert "$ticker may be halted!";

Where it would dynamically insert the ticker that is triggering the conditions. Any help would be appreciated.

 

[barbaros]

Are you trying to accomplish this with Thinkorswim? or another platform?

 

[JJTrades]

Are you trying to accomplish this with Thinkorswim? or another platform?

Yes thinkorswim. Sorry forgot to mention that

 

[barbaros]

Yes. Sorry forgot to mention that

it is worth to investigate. Can you post a chart as a sample where the halt would be detected?

 

[JJTrades]

it is worth to investigate. Can you post a chart as a sample where the halt would be detected?

The halt would be detected by all three conditions being true. currentVolume-3 is greater than 5 million, currentVolume-2 = 0 and currentVolume-1 = 0. I assume that if this code was plugged into a 1 minute candle screener, and also assuming the code would interpret the halted candles as zero volume, that this would have no problem detecting a halt whether up or down based merely off volume

 

[JJTrades]

The only downside to this code would be at minute 4, the conditions wouldnt be true anymore because currentVol - 3 would now be equal to zero. So youd really have to be watching the watchlist like a hawk. Thats why initially I wanted to implement a dynamic alert message but, if that isnt possible in ToS then it isnt possible

 

[barbaros]

This is pretty simple to code. Let us test with a stock that has been halted and we'll move this conversation to the indicators category if it proves itself doable.

 

[barbaros]

Possible solution: https://b4indicators.com/threads/halt-indicator.87/