How does the " Indicator with Indicator” trigger type work?
The " Indicator with Indicator” trigger type work?” trigger type lets you compare one indicator against another indicator. It triggers when one indicator meets the condition set against another indicator.
Use this trigger type when you want the system to evaluate a relationship between two indicators instead of checking a single indicator against a fixed number.
What does “Indicator with Indicator” mean?
In the Comparison type field, selecting Two indicators means the trigger is based on one indicator compared with another indicator.
This trigger type is useful when you want to create a condition based on how one indicator behaves relative to another indicator on the selected Symbol and Timeframe. For example, an algo trader can use it to track whether one indicator Crosses above another indicator and use that condition as part of an automated strategy.
Instead of comparing an indicator to a fixed number, this setup checks the relationship between two indicator values. This makes it suitable for strategies where the signal depends on the interaction between indicators rather than a predefined level.
- Open Edit node configuration.
- Under the Configure tab, go to Comparison type.
- Select Two indicators.
- In Symbol, choose the required symbol using Search for symbol.
- In the first Indicator type field, select the first indicator.
Example shown: Exponential Moving Avg - Enter the Length.
Example shown: 14 - Select the Timeframe.
Example shown: 1m - In Comparison operator, choose the required condition.
Example shown: Crosses above - In the second Indicator type field, select the indicator to compare against.
Example shown: Exponential Moving Avg - Click Apply.
Note:
- This trigger type compares one indicator with another indicator, so it does not use a Trigger value field.
- Make sure Comparison type is selected as Two indicators to view the second Indicator type field.
Important:
- You can only start, stop, pause, resume, and monitor automations from the FYERS App.
- Creating or editing automation logic must be done on FYERS Web.
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