Decision Recipes

Evaluating Underlying Symbol Performance

Evaluating underlying symbol performance allows you to choose whether a symbol’s price has increased or decreased by a specific percentage over a set period of time before moving through the automation. Here is how to use it.
Evaluating Underlying Symbol Performance
Steve Henry
May 13, 2021

The decision recipe for evaluating an underlying symbol’s performance has four inputs:

  • Symbol
  • Increased/decreased
  • Value
  • Date

This decision recipe allows you to choose whether a symbol’s price has increased or decreased by a specific percentage over a set period of time before moving through the automation.

Screenshot displaying the decision recipe for evaluating underlying symbol performance

Enter a symbol and select “Next.” The second field prompts a dropdown menu to choose if the security’s price has increased or decreased by the third field, where you manually input a percentage. 

The fourth field prompts a dropdown menu to choose a time period to evaluate the underlying symbol’s performance. There are multiple variables from which to choose.

Screenshot displaying the lookback timeperiod variable dropdown menu

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 evaluating an underlying symbol’s performance.

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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Comparing Underlying Symbol Price to an Indicator
Comparing underlying symbol price to an indicator allows you to choose whether a symbol’s price is above or below a moving average indicator with a defined time period. Here is how to use it.
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FAQs

When comparing a stock's price to "Yesterday" or "3 days ago", etc., is it comparing to high or low price of the day, or the open or close price of the day?

When comparing a price based on a lookback, it is using the stocks price at close of that day.

When comparing a stock's price to a prior point in time, will it compare any pre or after-market pricing?

No, it will use market close.

Can I select a time period of less than one day to compare to?

No, at this time, you can only compare as short a time frame as yesterdays close.

Can I specify my own day count as opposed to being limited to only the windows listed?

No, at this time, you can only use the options offered in the individual decision recipe.

Can I specify my own day count as opposed to being limited to only the windows listed?

No, at this time, you can only use the options offered in the individual decision recipe.

When comparing the current price to a prior point in time, is the criteria only measuring the exact price at the time of the bot run, or is it factoring in all prices that occurred between bot runs?

If comparing the current price to a time in the past, the price will be the exact price at the time the bot runs.

Are the price comparisons done on actual prices the stock traded at or off of bids and asks?

The current price the stock trades at.

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