Boolean Take Profits in Pinescript

Question

Im wanting to create a Take Profit parametre that exit a position when a certain condition is met, for example

Long_take_Profit = ta.crossunder(adx, plus)

any solutions on how to turn this condition in to its float counter part or alternativley just use the condition itself. Thanks

Answer 1

TP (or limit ) is usually a line that the price must cross
But in this case (ADX cross DI), just use the condition itself.

if strategy.position_size > 0 and Long_take_Profit 
    strategy.exit(
      id             = 'Long Exit',
      from_entry     = 'Long Entry')

Answer 2

Since you want to close your position conditionally, you should use strategy.close() .

If you additionally want to check if you are in profit, you can use the strategy.opentrades.profit built-in variable.

is_in_profit = (strategy.opentrades.profit(strategy.opentrades - 1)) > 0

if (Long_take_Profit and is_in_profit)
    strategy.close("Long")