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AddLabel formula question


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AddLabel formula question

  #11 (permalink)
Agoura Hills, CA USA
 
Experience: Advanced
Platform: Tradestation&Multicharts
Broker: TradeStation
Trading: Futures & Equities
 
numberjuani's Avatar
 
Posts: 123 since Apr 2019
Thanks: 9 given, 94 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
 
Experience: Intermediate
Platform: NT, TS
Broker: IB, Oanda
Trading: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 652 since May 2010
Thanks: 1,863 given, 868 received


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 bearish flow, 50% of the previous bar value. if all 3 meet the alert, youll get an alert.

Wow, that was very fast. Nice work. I will try it out tomorrow and thank you very much.

K

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