Indicator Conditions in the SignBot Strategy Builder

What a Indicator condition does

Indicator is one of the seven condition types the SignBot Strategy Builder offers. Compare an indicator to a value or another indicator. Every strategy is built from these seven types, combined with AND / OR logic and nested groups.

The seven condition types

• Indicator — compare an indicator to a value or to another indicator
• Pattern — a candlestick or structure pattern on this bar
• Level Touch — price touches a level anywhere inside the bar, not only at close
• Time Window — only between two times of day
• At Time — exactly at one time of day
• Day of Week — only on the chosen weekdays
• Never — true only while the inner condition has not happened at any point today

When SignBot evaluates it

Indicator and pattern conditions are evaluated on candle close, never mid-bar. A provisional value inside a forming candle can cross a threshold and then un-cross before the bar completes, which would fire a signal on something that never actually happened. Waiting for the close is a deliberate design decision in the engine, not a limitation.

Where Indicator is genuinely useful

Condition types are not interchangeable, and choosing the right one changes what your strategy actually does:

1. Use time conditions to keep a strategy inside the session you intend to trade
2. Use Level Touch when the level being reached matters more than where the bar closed
3. Use Never as a session-long guard, for example while price has not broken the previous day low today
4. Use Day of Week for strategies tied to expiry or to a specific weekday behaviour

Segment rules you should know

SignBot routes every strategy by segment, and the rules genuinely differ:

• NSE equity and F&O support 1min, 3min, 5min, 15min, 30min, 1hr, 4hr and 1day candles
• MCX futures support 1min, 5min, 30min and 1day only — the vendor rejects the others, so they are not offered
• On NSE options SignBot is buy-only. A bullish signal buys a CE, a bearish signal buys a PE, and there is no option writing anywhere in the platform
• Options entry and exit conditions are evaluated on the underlying spot candle, while the position itself is the option contract
• NSE history goes back up to 36 months for backtests; MCX history is limited to 3 months

Try it in SignBot

Add a Indicator condition to an existing strategy and re-run the backtest to see what it changed. Strategy creation and the AI Optimizer are free forever, so you can build and refine the rule before spending anything.

• Open the Strategy Builder and add the condition described above
• Run a backtest on real NSE or MCX history — Rs 10 per run
• Move it to SignBot virtual trading to watch it on live prices — Rs 15 entry and Rs 15 exit from wallet credits, no real money at risk
• Only when it has earned your confidence, run it on LiveBot through your own broker account — Rs 30 entry and Rs 30 exit

Every condition type is available on the free Strategy Builder.

Related reading

Other articles in the SignBot knowledge base that pair well with this one:

• How the SignBot Strategy Builder turns plain English into a strategy
• Previous day high and low, pivots and Camarilla levels in SignBot
• Exit rules: target, stop loss and time exit
• How to read a SignBot backtest report

Important disclaimer

Educational content only. Not investment advice. SignBot is not a SEBI-registered investment adviser. Trading involves risk of loss.