Decision Recipes

Comparing Multiple Underlying Symbol Indicators

Comparing multiple underlying symbol indicators allows you to compare the value of a symbol’s moving average indicator to the value of another moving average indicator for the same symbol, with different time periods. Here is how to use it.
Comparing Multiple Underlying Symbol Indicators
Steve Henry
May 14, 2021

The decision recipe for comparing multiple underlying symbol indicators has six inputs:

  • Symbol
  • Time period
  • Indicator
  • Above/below
  • Time period
  • Indicator

This decision recipe allows you to compare the value of a symbol’s moving average indicator to the value of another moving average indicator for the same symbol, with different time periods.

Screenshot displaying the decision recipe for comparing multiple underlying symbol indicators

Enter a symbol and select “Next.” The second and third fields prompt you to choose a moving average indicator with a defined lookback period. You can choose from a list of indicators. 

Screenshot highlighting the dropdwon menu of indicators available for the recipe

The fourth field prompts a dropdown menu to choose if the first indicator’s value is above or below the second indicator’s value. The second indicator is customized in the fifth and sixth fields. 

When you have finished creating the recipe, select “Save.”

Screenshot highlighting the save button following the decision recipe inputs

NOTE: You can also create a custom input, which allows you to input the field later to make the decision recipe dynamic across all automations.

The decision will be added to the list of criteria. You have the option to add more decisions to the recipe or return to the automation editor. When finished, select “Save” again to return to the automation editor.

Screenshot highlighting the save button to return to the automation editor

The automation editor will display your completed decision criteria for comparing multiple underlying symbol indicators.

Screenshot highlighting the decision recipe within the automation editor

You can always select the decision inside the automation editor and make changes to the criteria.

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FAQs

What are the definitions of the indicators?

Definitions on the indicators can be found in the OA Technical Docs and/or Handbook

Can a recipe detect a "crossover"?

At this point in time, there is no recipe for detecting a crossover though it is planned for future addition.

Can I put a number of criteria in this same automation?

Yes, you can do this by using the "and/or" functionality.

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