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AddLabel formula question
Updated: Views / Replies:123 / 11
Created: by byront Attachments:3

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AddLabel formula question

  #11 (permalink)
Agoura Hills, CA USA
 
Trading Experience: Intermediate
Platform: Tradestation
Broker/Data: TradeStation
Favorite Futures: Futures & Equities
 
Posts: 20 since Apr 2019
Thanks: 3 given, 18 received


byront View Post
Seems like this is great - but yes, I need one for TOS. Would it be possible for you to post the code as a snippet so I can see your logic? Thanks

Heres the code:

Inputs:
LookBack(1),
AlertValue(200),
VOLSPD_Color(White),
ADSPD_Color(Blue),
TIKSP_Color(Yellow);

Variables:
Data2Ratio(0),
Data3Ratio(0),
Data4Ratio(0);

Data2Ratio = 100*(C/C[LookBack]) data2;
Data3Ratio = 100*(C/C[LookBack]) data3;
Data4Ratio = 100*(C/C[LookBack]) data4;

Plot1(Data2Ratio, "$VOLSPD Ratio", VOLSPD_Color);
Plot2(Data3Ratio, "$ADSPD Ratio", ADSPD_Color);
Plot3(Data4Ratio, "$TIKSP Ratio", TIKSP_Color);
Plot4(100, "Balance Line", White);
Plot5(AlertValue, " Bullish Area", Green);
Plot6((100/AlertValue)*100, "Bearish Area", Red);

If Data2Ratio > AlertValue and Data3Ratio > AlertValue and Data4Ratio > AlertValue then
Alert("Bullish Flow");

If Data2Ratio < (100/AlertValue) and Data3Ratio < (100/AlertValue) and Data4Ratio < (100/AlertValue) then
Alert("Bearish Flow");

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  #12 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
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Posts: 522 since May 2010
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numberjuani View Post
Yeah I like it here love california. here's your indicator. So I made it so that each internal has a color and is plotted as a dot percent of the previous bar, or you can change that in the Lookback input, to say, 2 or x bars ago. you can also choose what level triggers the alert in terms of percentage. so its defaulting to two, which is 200 percent of the previous bar value, and for
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Wow, that was very fast. Nice work. I will try it out tomorrow and thank you very much.

K

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