This video gives a clear explanation of the differences between the three in Part 1 and usage in Part 2. A nesting (putting ifs within ifs) example, in the recommended layout for easy reading, is: Note that the last 'else open' relates to the 'if close > open' and applies when the intermediate 'else-if close = open' is not true. You can tweak it in the input or the code how you see fit for you. def Bar1 = If (day[1] != day, day - 1, 0); that are non-receptive to comparison, you can normalize each of the two (or more) CloseLine.SetDefaultColor( Color.gray); #Hint: Plots the %-change-of-the-first-bar-value. Titles appearing in the Table Of Contents above are the same and colored blue throughout this document. AD.DefineColor("Down", Color.DOWNTICK); input price = volume;#hint Price:Parameter being measured You can create that color for use in TOS by using the function 'CreateColor(double red, double green, double blue); ' similar to the RGB Code in the chart above. A time is always associated with a bar. If you are new, or just looking for guidance, here are some helpful links to get you started. The code for swing lows is similar. Arrow.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); When GetYYYYMMDD() is compared to an inputted date the commas are omitted in the input date. Doubt Clearance Session on Linear Regression - YouTube See http://tda.thinkorswim.com/manual/metal/thinkscript/tutorials/advanced/referencing/other%20study.html, image::12-1.png[]Click the Scroll] So the MACD will look like 'MACD_ME'. Thinkscript - An Introductory Guide - AlgoTrading101 Blog Here the MACD average is going up while the MACD itself is going down for the number of 'Bars'. As converting from PDF is a lot of work, This is a work in Defines the time scale value corresponding to the begin point. That agg can be changed to say '4 days'. scan = chg >= percent; StanL did to live on. Complexity may become an issue especially if the servers are loaded up. The labels will then have their centerline equal to the value of the line. Even a small anti trend move lowers the efficiency reading. This simple fold sums the 'index' values. The parameter list is in a fixed order of inputs from left to right i.e. If the close is not greater than the open and the close does not equal the open, then plot the open. addLabel(ShowBubble,"Bubble percent shown when above the " + Ref_val + "% reference line" , Color.Green); #Hint:For intraday values, plots the days highest cloud and overlays the current price cloud. To be thorough and clear, you ought to code Harami().Bearish or Harami().Bullish instead depending on what you desire. GetDayOfMonth(int yyyyMmDd);#Returns number of the day in the month. If a case default: is present, its code is applicable to ALL the enum values that do not have a case. They are too big to include here but may be downloaded from http://mytrade.com/StanL There are many examples of coding procedures within those files. }. So when/why would you include this. This reads as 'scan for stocks with a DMI_Oscillator value greater than 10 and rising for the last 5 agg-bars. Then I select 10-15 stacks and watch it on the second monitor. The AddChart function is unsupported in TOS, Hence there is no documentation to support its use and color formatting. Cut the selected item. The example used here, %HL, is a custom column study available at http://mytrade.com/StanL Of course, you will need Premium indicators for ThinkorSwim platform. A single "=" is the assignment operator. This doesnt repaint to my knowledge. A different but related subject is referencing pre-defined studies using 'Script'. Ratio_vol.HideBubble(); This icon will now show on the chart in lieu of the cursor. The first value is getValue(price,n) or price[0] . This code that will check for "daily" average volume greater than 200,000 in the last 20 days, meaning that the stock should have traded at least 200,000 shares every single day for at least the last 20 days. Occasionally this color is hard to read if it is close to your screens background color. I want a way to keep from entering and exiting orders to often. "UpperBand"[1] is less than KeltnerChannels(). plot LevelLine = level; This technique is too neat not to call it to your attention herein. You will find that complex texts with numerous segments are much easier to compose using the '' symbol. For example, this symbol indicates when scan code is included. else "ERROR"),color.white); This code plots candles relative to the centerline of the linear regression channel (the linear regression line) and shows the movement relative to that. Comment3: Each of the 11 crossover scans are selectable in the Scan/StockHacker tab. Using the chart settings directly For a better experience, please enable JavaScript in your browser before proceeding. useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Labels allow you to look at the chart and verify the values. For coding related to the day of week (Monday, Tuesday, etc.) A 'flexible grid' would be ideal for such a purpose. def crossingover = close("Greatest Show Ever! onceperchartdown.setLineWeight(3); The built-in ZigZagPercent study demonstrates the excellent use of conditional showing of the label itself, the use of the + syntax and conditional coloring. case "Advance/Decline Line (Daily)": The word 'double' is often vague in its meaning in ThinkScript but it means a floating-decimal-point-number of double precision in programming terminology. Join this channel to get access to the perks:https://www.youtube.com/channel/UCCWi3hpnq_Pe03nGxuS7isg/join See REFERENCES for a reader source. B- = Basic platform or coding subjects, fundamental principles, fundamental examples and how-to-dos, C- = Coding of studies, strategies, snippets, et al that accomplish a purpose/result, T- = A Tip or Trick on how you might use TOS or TS to accomplish a specific useful purpose, ?- = In the subjects heading, ? Many coders add all kinds of conditions to supplement the simplified code herein. #Hint: Plot for ? Note: this action will not recalculate the whole channel, but just extend the existing lines. Here is where highlighting hoovering is set: TOS has many valuable resources that may, for some, be hard to keep track of. You would use 'CompoundValue' to prevent the longest reference being used by initializing the affected calculation with the 'CompoundValue' function. Conditions here do not preclude the 'do' statements from having an 'if' statement that may also set conditions but those conditions are used in getting the desired result from the 'do' statement. Its not likely that you will ever use a def value in a do statement of a fold like this. Price. Regression Testing Examples. range (low to high). Uses Plot scan = Crosses( MACD( 12, 26, 9, "SMA" ).Avg, 0, CrossingDirection.Below ), Comment: When entering the scan, the set aggregation defines the length of a bar. #. I find that frequently changing the timeframe of charts is much easier to read when I have vertical lines as market start and end times. Usage: 'input data = close' is substituted by any indicator and its parameters. - The use of the word 'reference' is optional but, if 'reference' is omitted, the () must always follow the studys name. RT @egragcrypto: Thank You @XRPNews_ for sharing #XRP Chart " #XRP Regression Channel + Bollinger Band" https://youtube.com/clip/Ugkx . Not related to the above = and == is the "bang" (exclamation mark). If you wanted to apply a longer period channel but on a shorter timeframe, I suggest adding this indicator to your screen, Colored boxes above the red box= longs only off bottom of regression channel, colored boxes below red box= shorts off top of linear regression channel. where ???????? "DI+"; #MomentumCrossover: Scans for the Momentum crosses the zero line. Post your charts of potential plays, chit chat, etc. You may have a label take on the same color as a plot. Comment 2: The annotation is excellent for learning ThinkScript. Vol.SetLineWeight(3); Below you see 5 conditions and plots showing when each condition is true or false ( 1 or 0). Specify begin and end points of regression line . 0 to 100%, -1 to +1, -100 To make an 'Info Bubble' for a study and strategy: Above the code lines, place #hint: ???????? (if exchange == exchange.NYSE then "NYSE" Hence being familar with what is available herein, will enhance recall when needed. Page 160. AddLabel(yes,"% Change compared to " + length + " days ago = " + Round(PctChange, 1) + "%",color.PINK); Alternate = current close as percent of the last-52-week-range. input time = 1000;#hint time:Time to place the arrow at. We get it. Addlabel(yes, "Arrow shows when volume is >= "+ pct + "above the " + length +"-bar-average",color.GREEN); #Plot or scan for current low that has gaped-up by an input percent, input price1 = low;#hint Price1:The post-gap-up basis Portable Document Format = the type of file format of this document. "MULTIPLE INSTRUMENTS COMPARISON" is a flexible study of ANY 10 INPUT SYMBOLS any of which can be turned of (i.e. AddLabel(yes, "Arrow is at time = " + AsPrice(time) +" of each day" ,color.white); #hint: MovingAverage Crossover - Once Per Chart\nThis study shows arrows when the price crosses the moving average. plot trendLine = if start then startPrice else if end then endPrice else double.nan; Def DayOfWeek = GetDayOfWeek(First(yyyymmdd)); #Mon =1, Tues =2, Wed = 3, Thurs = 4, Fri = 5, Sat = 6, Sun = 7, Comment 1: 'SecondsFromTime' and 'Seconds TillTime' work smoothly during market hours but beware after-hours. This indicator will work on any instrument and on any time frame. That scenario gave rise to a request for a custom column that tells the minutes since a stock made a turn up. Hence, this section will be as thorough as possible with many examples to illustrate their usage. def RangeCondition = ADX > 0 && ADX < 13;# ADX is between 0 and 13. Info hints were also added to be more informative. input price = high;#hint Price:Pick the price option desired.\nHigh is the default.\nOpen_Interest and Imp_Volatility are not valid choices. 2023-04-21 / channel_cylinder-z-MOL. : After-hours must be activated in settings. Defines which of the extra lines should be visible. Moving Linear Regression Indicator - Tutorial and Examples - Day Trading #VolPct.SetLineWeight(1); Using the charts lower-right symbol The two ways above example, "value1 is what percent larger/smaller than value2." By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Comment: The AddChartBubble has coding worth studying. ======= DaysTillDate & GetLastDay & GetYear & GetYYYYMMDD() ========. CustomColor color' defines the background color of the label box. Linear Regression Trading Strategy for ThinkorSwim - useThinkScript Set it too small and the script engine stops the loop before all index values are processed. Harmonic Pattern Collection The only harmonic pattern indicator for Thinkorswim that is fully endorsed by Scott Carney, the president and founder of HarmonicTrader.com. Following the same logic the sdcL would be : Scan for stocks above their 20 day MA for 65 days. The bottom label was added to the built-in for clarity. Also the decimal places can be gotten by using the Round() function as shown above in the 'AsDollars' example. In that case: useThinkScript - YouTube The statement "if AggPeriod == AggregationPeriod.DAY then else;" reads: if the variable AggPeriod equals (is the same as) AggregationPeriod.DAY then do something else (otherwise) if its not, then do some other thing. When doing a lot of coding, using the mouse provides fast traveling to various locations in the code. function identified by the snippets title:Sort of a building block. plot d = Doji();# If a Doji is present Doji() is true.The below lines format what to show at that location. The AddLabel enables you to change any variable and predict what the label will show. Length. Building Department Home. Vol.SetPaintingStrategy(PaintingStrategy.HISTOGRAM); onceperchartdown.setDefaultColor(color.light_red); To enhance the looks of a histogram, plot the same histogram data as a line and format that line as follows. else if type == type. You are using an out of date browser. The procedure for charting the stock is different in the two locations: In the left panel, highlighting the stock will chart it: In 'Market Watch/ Quotes', clicking on the 'Send To' button (in this case the green square) will chart the stock. On my 3 minute or 5 minutes futures charts, I use the same settings except for one, the second to the last choice for slowing period1 I use 9 instead of 24. input price2 = high;#hint Price2: The prior gap-up-bar-basis Same for the reverse case. The numerous 'getAggregationPeriod() ==' lines are to define such a factor. Can someone please help: Thank you MerryDay for the tip! FIRM, LONG_DASH, MEDIUM_DASH, SHORT_DASH, POINTS, SHORT_DASH is the default value of 'SetStyle'. "Span A", Ichimoku(). TD Ameritrade, Inc., memberFINRA/SIPC, a subsidiary of The Charles Schwab Corporation. This RSI is in conjunction with a MACD. The value of the index can be used in the do . Comment:HV and IV do not plot on intraday. def barNum = if IsNaN( close ) then Double.NaN else BarNumber(); select 'pointer' to re-establish it. That is literally just a copy and paste job on the linear regression channel that comes free in TOS anyway, at multiples of 0.375. This allows 'smlCount' to rise to 1000 and then it limits smlCount toa value of 1000. plot Test = fold i = 0 to 4 with x = 1 do x + i; What is the value of test? "Span B"), Ichimoku scan for crossing below the cloud, close crosses below Min(Ichimoku(). Below is a useful list of those available in Win 7, the TS editor and most editing programs. Hence, if you have two folds in a study and you assign 'idx' to in the first fold you cannot assign 'idx' to in the second fold. The Revenue Optimization Analyst will support the revenue generation team by recognizing trends and opportunities. 'def advances;' and 'def declines;', must be addressed in each case ???? In the above HMA>HMA[1] is the condition that says IF the current HMA is greater than the previous value of the HMA, i.e. def crossingdown = price crosses below avg; Renaming a study will automatically change the study to the new name on each of the 15 charts. Market volatility, volume and system availability may delay account access and trade executions. NO BAR THEN THE DATE/TIME RETURNED VALUES ARE NOT RELIABLE. Click the underlined Page ? Each non-builtin indicator will be listed in this Snippet Collection. Giving the grid a name allows you to call it up whenever you want. It likely is 'day' but doesnt have to be. In the ThinkScript Lounge there was a request to post the setup used when evaluating an Ichomoku chart. not plotted). The conditions may qualify the do-actions results or they may define conditions that terminate any further loops at the current bar. . The ADX can be bullish or bearish depending on whether the DMIplus is greater than the DMIminus. Input Price = Close; Compare the two. Inside the red box you can trade off both sides of the channel. There is a lot to learn by studying this Application will automatically adjust the slope of the lines based on linear regression. The study by default only shows the latest crossing to free up screen space for more awesome studies.\n Enjoy - Jesse (author on the Mr. Using a reference without parameters specified, TS will use the default which is "Positive to Negative". def plotPrice = CompoundValue(1, if timeTest then barnumber else plotPrice[1], barnumber); def Vol_Change =((volume / volume[1]) -1) * 100; plot Ratio_vol = Vol_Change; Using the 'pan' tool Item cut becomes available for pasting. Note that on intraday charts, this date and the actual date might not be the same for Forex and Futures symbols. The tags listed under 'TAGS and their PURPOSE:' may be used to format the desired text. This PDF takes AddChartBubble(Isnan(Close[-1]) && ShowBubbles, MovAvg50,(MA1_length + "-Day MA"), Color.YELLOW); def MovAvg200 = Average(close (period = "Day"), MA2_length); A very common way of specifying the secondary aggregation is: def Agg = AggregationPeriod.FIFTEEN_MIN;# Use the desired constant to specify the time Left extension. Here the previous value is recalled so 1 can be added to it to form the new value of x. In this example, if you want to identify what plot is the ORH, you uncheck 'Show Plot' and the click 'Apply'. This document also proovides a reference for future coding activities. snapshots below: AddCloud(CurrentPrice, Lower, Color.WHITE); Regression Testing - Meaning, Types & Tools Explained | Hero Vired also takes this opportunity to define the usage of CompoundValue to initialize This is the bubble in the right margin and not onthe chart itself. Beware for the same reason as above. 5 min, hour, day, etc. TOS-and-Thinkscript-Snippet-Collection. If most datapoints are widely scattered, the SD will be larger (i.e. DAYS AGO, Return 'the day-of-the-week' of the first bar of the chart, SecondsFromTime() & SecondsTillTime() & others, C-'BATTLE OF THE BANDS' RE IMPLIED VOLATILITY, C-VOLUME LABEL AS A PERCENT OF AN INPUTTED X-DAYS-AVG-VOLUME, T&C-EXAMPLES OF THE USAGE OF THE 'SUM' FUNCTION, C-HOW TO SHOW WHEN A CANDLE PATTERN EXISTS ON A CHART, C- IMP_VOLATILITY() PERCENTILE PLOT WITH LABELS, C-MINUTES-AGO SINCE A TURN-UP OF A MOVING AVERAGE, C- NORMALIZED MACD AND STOCHASTIC PLOTTED WITH A SQUEEZE INDICATION, C-ILLUSTRATION OF SAME RESULT WITH DIFFERENT CODING, C&S-FLEXIBLE 200-DAY MOVING AVERAGE PLOT AND SCAN, C-AN ALTERED 'PERCENTCHG' TO MAKE IT MORE USEFUL, C-LINEAR REGRESSION OF THE PROJECTIONBANDS STUDY, C-CLARIFICATION OF THE FOLLOWING THREE COMPARISON STUDIES, C-COMPARISON OF ALL SECTORS OF THE S&P 500 (SPX), C-PERCENTAGE PRICE OSCILLATOR (PPO) WITH COMPARISON SYMBOL, C-'Ichi_TK_Exit_Warning' --- AN EARLY ICHIMOKU T-K EXIT STUDY, C-'IchiOneGlance'--ALL MAIN ICHIMOKU CRITERIA IN DASHBOARD FORMAT, C-'Ichi_Signals'IDENTIFIES ALL MAJOR ICHIMOKU SIGNALS FOR LEARNING OR USE, WLC-PRICE-TO-EARNINGS (P/E) RATIO FOR A WATCHLIST COLUMN, WLC-WHEN A DIVERGENCE EXISTS BETWEEN PRICE AND THE MACD, S-DMI_OSCILLATOR SCAN FOR TRENDING-UP STOCKS, S-SCAN RSI UNDER 20 & CLOSE > 200-DAY SMA, S-SCAN CROSS OF STANDARD DEVIATION CHANNEL, S-NOTEWORTHY RESOURCE FOR PREDEFINED SCANS, S-NEW BULLISH CLOSE ABOVE THE ICHIMONU CLOUD, S-CROSSING ABOVE & BELOW THE ICHIMOKU CLOUD, T-A REFERENCE RECALL OF A STRATEGYS RULES (SETUP), T-USING MULTIPLE TIME FRAMES TO PLAN ENTRIES, T-WIZARD ACCESS FOR EDITING EXISTING STUDIES, T- VERTICAL LINES AT MARKET OPEN AND CLOSED TIMES, T-EASILY VIEWING CHARTS OF STOCKS IN A LIST, T-NAVIGATION VIA KEYBOARD HOTKEYS vs THE MOUSE, T-DEFINING AND APPLYING CONDITIONS IN A STUDY, http://demo.thinkorswim.com:7001/manual/metal/thinkscript/reference/Functions/Others/If.html, http://demo.thinkorswim.com:7001/manual/metal/thinkscript/reference/Reserved%20Words/if.html, https://tlc.thinkorswim.com/center/charting/thinkscript/reference/Functions/Look---Feel/GetColor.html, https://www.thinkorswim.com/tos/thinkScriptHelp.jsp?laf=dark#constants, http://en.wikipedia.org/wiki/List_of_colors:_A%E2%80%93F, http://en.wikipedia.org/wiki/X11_color_names, http://tda.thinkorswim.com/manual/metal/thinkscript/tutorials/advanced/referencing/other%20study.html, https://tlc.thinkorswim.com/center/charting/thinkscript/tutorials/Chapter-13---Past-Offset-and-Prefetch.html, http://groups.yahoo.com/neo/groups/TOS_thinkscript/info. Note that the variable designations (n, s, i and t) cannot be duplicated in the folds. The above reads as 'scan for when the rate of change crosses below zero (or goes negative).'. crossdown.setLineWeight(3); Regular grids is suggested in lieu of flexible grids. Whenever you see 'squared' or 'square root' in a technical calculation, SD is likely involved because 'squared' and 'square root' are used to calculate the SD in that mildly complex formula . In addition to that, a neat trick is, while in the code editor, drag the editor window down so that you can see the charts label and header values. http://en.wikipedia.org/wiki/List_of_colors:_A%E2%80%93F or http://en.wikipedia.org/wiki/X11_color_names . To re-establish, click 'Add Fundamental Filter'. The syntax for this procedure is: reference (parameter1=value1,.., parameterN=valueN).. The above is a study named Bar_Number_Plot_Interval.txt available at http://mytrade.com/StanL. Our forum can be intimidating, if not overwhelming. else if price == low then "low" The syntax is: ChartPlotName.TakeValueColor(). is the description you want displayed when the bubble is clicked. The results are a, b, stdev (constant, slope, deviation of samples around regression line). Flood Information. Specifying no parameters will use all the default values. If you want to find something, enter what you want into the 'find' tool of the PDF reader and it will navigate you to the possible matches. Comment: If the above code was in a saved study named 'MyPriceTrend', you would run it by entering the following code in the custom scan location. plot Data = close(period = agg) / close(period = agg)[3];# The phrase 'period =' is always used when referring to the variable aggregation. - Reference the vwap study like .plot MyVWAP1 = reference VWAP; Learning Center - StDevAll - Thinkorswim A number. Most . The official YouTube channel for useThinkScript.com Subscribe useThinkScript Home Videos Playlists Community Channels About Videos Play all 8:51 Swing Trading Scanner for ThinkorSwim 34K. Basically a swing high is the highest high looking a few bars back and a few bars forward. Also labels are valuable for clarifications. In essece, the SD is a measure of dispersion of the 100 datapoints. plot VolAvg = Average(volume, length); This version allows the user to define the 'percentage-distance-from-the-centerline' of the upper and lower lines. scan.SetpaintingStrategy(paintingStrategy.BOOLEAN_ARROW_up); '(ifthenelse)'. I am looking for something that will calculate linear regression of a series, using the least squares method. It is an overbought oversold indicator that I use on just about everything. Another example is 'do nice + getValue(close, n, length - 1)) / length'(a simple moving average) which gets a close value; divides it by a length variable; and adds it to the internal variable, nice. 2023-04-25 / channel_cylinder_2d Buying / selling above and below the middle line doesn't even really make sense, as price is expected to travel up and down within the channel. Trading Standard Deviation Channels - Incredible Charts AddLabel is an excellent tool to observe a value for debugging purposes. onceperchartup.setLineWeight(3); If you are new, or just looking for guidance, here are some helpful links to get you started. When writing code you may not have the coloring coding at your finger tips. Building Applications | Charter Township of Commerce, MI def x = 1+GapPct/100; # factor for above 100 % Learn all about VIP membership, To access the premium indicators, which are plug and play ready, sign up for VIP membership, Member forums to discuss indicators, scripts, thinkScript programming, and all things thinkorswim, Private content available for subscribers only. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union. As an example, use isnan() which returns true if the specified parameter is not a number, returns false otherwise. In the menu presented, select 'Set bar as 0%'. To define and name a color for use in multiple plots do as follows: Note that UPTICK and DOWNTICK are TOS predefined color constants. The length inthese two studies is often the value that int max offset is set to. Comment:The following code plots when a cluster exists in the above code. 'Pre-defined' and 'built-in' are synonymous when referring to studies that are provided by TOS within the program. This study presents the 200 day moving average plot and a scan for within 10% of the MA(200). As discussed in GetValue below, studies may be used in the Fold function especially in the do . For example, there is a 9/30 setup that is openly discussed on the internet. HH_LL_Pct.SetDefaultColor(Color.GREEN); vwap and moneyflow. You may be able to eliminate the error if you break up a long series of if-conditions into simple sub-conditions and then combine the sub-conditions into an overall 'If' statement. Multi variable linear regression model with 50 percent of the data used In the above 'Scan/StockHacker' tab, all fundamental filters have been deleted using 'red-circled-X'. The space you panned for will be recorded in 'Chart settings/time axis/expansion area'. The '[then]' above means that it is optional but it is recommended that it always be used for clarity. This shows the construct for a 'def count' variable and Two very popular expressiona for IDataHolder dynamic offset are LookUpHighest(price,'look up price',length) and LookUpLowest(price,'look up price',length). ADX(). def avg = average(price, length)[1]; Plots a straight linear regression line for whichever of the eleven choices you have selected. else if price == open then "The price-variable selected is open = " + Round(open,2) To facilitate implementing a multiple-time-frame approach consider establishing a named grid with each grid component having the charts and indicators at the time frames that you are interested in. AddLabel(yes, if price == close then "The price-variable selected is close = " + Round(close,2) def chg = 100*(price/avg -1); There is a complete tutorial named Aggregation Tutorial,PDF available at http://mytrade.com/StanL. Vary the "width of channel" and length to suit your own preferences. def barnumber = barnumber(); def a = barnumber - data; Plot Arrow = If TimeTest then close else double.nan; Also if the "RATIO" (NOW/B4) is less than zero then the percent change will be negative. plot Data = ( price - close1) / close1 * 100; Description. So when is it needed? No one can ever exhaust every resource provided on our site. The third parameter, int max offset,is a fail stop value to prevent an endless loop in the scripting engine. Even the label coding is neat. Also configure the chart to synchronize the cursor across all grid charts via Chart settings/general tab/Synchronize crosshair position. def TwelveOclock = secondsFromTime(1200) > 0; Functions that take a look back value or length, such as average( data, length ), highest( data, length ), etc. The following code, placed as the top lines in your study, will reset the header text color and affect nothing else except a shown below in 'edit studies'. Conditions may be nested as in this example: Note in the above, since color.green, color.white, color.red and color.black are constants and not double variables, the if-expression must be used and that requires the presence of all IF..THEN..ELSE parts. A swing low is the lowest low looking a few bars back and a few bars forward. "Positive to Negative").signal; MoneyFlowIndexCrossover: Scans for the Money Flow Index crossing the specified level. Deciphering what plot corresponds to particular code can be a challenge. else if price == low then "low" This is a very easy way toimplement these scans since all the parameters are presented for easy assgnment. If the script engine hits the stop value youll get a run-time error message. "DI-", Scan for the MACD Histogram value crossing from positive to negative or vice versa. Coefficient. ?-DAY moving averages on your intraday and day charts. Re the recent release & Renaming studies. The defaults are length = 14, threshold = 30. I thought it might be interesting to share a very basic Linear Regression Trading Strategy, and then see if we can build on it to improve results.
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