close of previous bar less than twenty five percent from the high or low

August 14th, 2014, 07:19 PM

Hello Everyone,

I am trying to make a simple indicator in thinkorswim that will tell me if the close of previous bar was less than or equal to twenty five percent from the high, or less than or equal to twenty five percent from the low. Here is my code. It is not working I am very new to programming LOL.

def twentyfivepercent = 0.25;
def calcHIGH = close <= high;
def calcLOW = close >= low;
def candleendONE = calcHIGH <= 0.25;
def candleendTWO = calcLOW <= 0.25;
plot candlesOne = candleendONE is true;
plot candleTwo = candleendTWO is true;

August 16th, 2014, 01:25 AM

Is this a scan or an indicator?
As an indicator all this would plot is a true or false, or a 1/0.
If it's a scan, you can only have a single plot.

Code

declare lower; #remove this if it's a scan.

input percent = 1.25; # 1.25 allows for more easy addition & subtraction to h / l.
def calcHIGH = close <= high[1] / percent;
def calcLOW = close >= low[1]  * percent;

plot signal = calcHIGH or calcLOW; # this will plot a 1 if true, 0 if false.

August 18th, 2014, 04:15 PM

emanon

Is this a scan or an indicator?
As an indicator all this would plot is a true or false, or a 1/0.
If it's a scan, you can only have a single plot.

Code

declare lower; #remove this if it's a scan.

input percent = 1.25; # 1.25 allows for more easy addition & subtraction to h / l.
def calcHIGH = close <= high[1] / percent;
def calcLOW = close >= low[1]  * percent;

plot signal = calcHIGH or calcLOW; # this will plot a 1 if true, 0 if false.

Turns out I had a solution to this problem all along(just using my eyes LOL) thank you so much for your help.

close of previous bar less than twenty five percent from the high or low

Discussion in ThinkOrSwim

close of previous bar less than twenty five percent from the high or low