SMA 20 of Nifty 500 cross above SMA 50

Harihara-Nayak-15068

How do I set a condition if I want to take position when SMA 20 of Nifty 500 cross above SMA 50?

sharpelyAdmin

Hi,

You can use the series function to access OHLC of any indices. See screenshot:

You can add this condition to your entry condition when building the strategy.

However, do note that currently in our strategy, we do not have support for trigger based entry. We only support “scheduled” entry. So on schedule, entry will be taken only if there is a crossover on that particular day of entry.

I am guessing that this is not what you want. You want a trigger based entry. We have started work to add support for trigger based entry and should complete by end of this month.

Harihara-Nayak-15068

Thanks for looking into this. Yes, I wanted a trigger based entry.

Ak-22422

Hey @sharpelyAdmin if you implement daily rebalancing and entry criteria is evaluated daily, it’s the same as trigger entry? never mind, it only works if exits are configured to be on trigger

sharpelyAdmin

@Ak-22422 You are absolutely right. But right now we do not support daily rebalancing. We will add support for that.

Then in you condition you can add a condition block for Nifty 50 SMA and it will act as a trigger for entry.

Exits are by default configured to run at strategy heartbeat i.e. daily. So this will work. In fact you can configure strategy to fully exit and move to cash by adding an “OR” condition block with trigger as SMA 20 crosses below SMA 50.

I will come back with a much more detailed reply with screenshots on how to configure this. We just have to make some tweaks at our end. Hopefully, by next week!

Ak-22422

thanks, will wait for response