Help Creating Percent off High Indicator

November 3rd, 2015, 07:58 PM

I'm looking to find some one that could help me convert my words to a simple program to use in TD Ameritrade's Quotes tab under MarketWatch. I'm am going to use this to aid in screening stock. I know this is more of a futures and that's what I trade but do regular stocks on the side and feel like this will help.

Here's what I have, it does what I want I'm just am not to good with ThinkScript yet.

LastPrice - 52WeekLowPrice = DollarOffLow
DollarOffLow / LastPrice = DecimalPercent
DecimalPercent * 100 = PercentOffLow

Update: I got this to show me the % off the Low off the day Im just not sure how to make it the 52 week low.

Update Number 2 Getting close some work out perfect but some others dont!!! Any one have an ideas. I have the 52 week low to plot where it should its just the % off the low doesnt seem to want to work.
input price = close;

Def atl = Lowestall(price);

def Dollarofflow = (price - atl);
def Decimal = (Dollarofflow / price);

def Percentofflow = (Decimal * 100);

plot data = Percentofflow;

November 3rd, 2015, 09:51 PM

I tried something very similar years ago; don't remember the logic behind the code or the testing to make sure the numbers were right but this was the code:

Code

# 52 Week High and Low
# If higher from Low, Green
# If lower from High, Red
 
 
input HLaggregationPeriod = AggregationPeriod.WEEK;
input HLlength = 52;

def WeekHigh = Highest(high(period = HLaggregationPeriod), HLlength);
def WeekLow = Lowest(low(period = HLaggregationPeriod), HLlength);
 
 
# Current Price
def last = close;
 
 
# Plot 

def HighP = Round(((1 - (last / WeekHigh)) * 100), 2);
def LowP = Round((((last / WeekLow) - 1) * 100), 2);

plot dif = if HighP > LowP then HighP else LowP;


assignBackgroundColor(if HighP>LowP then Color.Dark_Red else Color.Dark_Green);
#AssignBackgroundColor(if HighP > LowP then CreateColor(51, 0, 0) else CreateColor(0, 51, 0));

November 3rd, 2015, 09:58 PM

@rmejia Thank you for that! It looks like it has a few things I was missing! I will give it a look over and testing tomorrow when I am awake and will report back with some numbers so if any one in the future is looking to do the same thing they will have the numbers to back it.

November 4th, 2015, 09:21 AM

This is what I came up with between what I had and what rmejia had posted. I changed it a bit so it would do exactly what I wanted. But this will give you the % the stock is off its low point for the year based off of the close of the last day. I ran 10 or so stocks with different prices and they all came out perfect using different inputs. Any questions feel free to ask!

# 52 Week Low

input HLaggregationPeriod = AggregationPeriod.WEEK;
input HLlength = 52;

def WeekLow = Lowest(low(period = HLaggregationPeriod), HLlength);

# Current Price
def last = close;

# Plot

def LowP = Round((((last / weeklow) -1) * 100), 2);

Plot data = LowP;

Help Creating Percent off High Indicator

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Help Creating Percent off High Indicator