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

  #1 (permalink)
Trading Apprentice
Poplar Bluff
 
Futures Experience: Beginner
Platform: Thinkorswim
Favorite Futures: Stocks
 
Posts: 7 since Aug 2014
Thanks: 0 given, 1 received

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

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;

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  #2 (permalink)
Trading Apprentice
los angeles, California, USA
 
Futures Experience: Intermediate
Platform: AMIBroker
Favorite Futures: stocks
 
Posts: 8 since Aug 2014
Thanks: 2 given, 0 received

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.

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  #3 (permalink)
Trading Apprentice
Poplar Bluff
 
Futures Experience: Beginner
Platform: Thinkorswim
Favorite Futures: Stocks
 
Posts: 7 since Aug 2014
Thanks: 0 given, 1 received



emanon View Post
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.

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