Simple adjustable half back tool

[inthefutures]

Here is a simple code for swing high to swing low 50% retrace.

input back = 60;

def stop = Highest(high, back);

def slow = Lowest(low, back);

def half = (stop - slow) * .5;

plot halfback = slow + half;

halfback.setlineWeight(3);

 

[J007RMC]

How can one code this script to relect the .5 plus a .33 and .66 just a script to reflect all 3 percentages and be able to change the color for each?

 

[inthefutures]

i can work on

How can one code this script to relect the .5 plus a .33 and .66 just a script to reflect all 3 percentages and be able to change the color for each?

I can do that for you should get it done some time today

 

[inthefutures]

How can one code this script to relect the .5 plus a .33 and .66 just a script to reflect all 3 percentages and be able to change the color for each?

I added in 4 adjustable values with there own color, i set the defaults at standard Fib levels, but you can adjust them or turn off the ones you do not want

# created by Alleytrader
input back = 60;
input one = .5;
input two = .382;
input three = .618;
input four = .786;
def stop = Highest(high, back);
def slow = Lowest(low, back);
def half = (stop - slow) * one;
plot halfback = slow + half;
halfback.setlineWeight(3);
halfback.setdefaultColor(color.GREEN);

def twobck = (stop - slow) * two;
plot twoback = slow + twobck;
twoback.setlineWeight(3);
twoback.setdefaultColor(color.RED);

def threebck = (stop - slow) * three;
plot threeback = slow + threebck;
threeback.setlineWeight(3);
threeback.setdefaultColor(color.BLUE);

def fourbck = (stop - slow) * four;
plot fourback = slow + fourbck;
fourback.setlineWeight(3);
fourback.setdefaultColor(color.YELLOW);

 

[J007RMC]

thanks Ill give it a spin

 

[J007RMC]

I like this script very much and much better than having fib lines up ty

https://imgur.com/uIScATO

 

[inthefutures]

I like this script very much and much better than having fib lines up ty

https://imgur.com/uIScATO

Thanks for posting picture I was just laughing, I forgot to look at it on a chart

 

[inthefutures]

Make sure you adjust time scale or chart time to make sure the look back is picking up last swing high and low, I might work on connecting it to a zigzag for a auto barsback

 

[tenacity11]

Make sure you adjust time scale or chart time to make sure the look back is picking up last swing high and low, I might work on connecting it to a zigzag for a auto barsback

Do you have any suggestions for use on a 3m chart....Thanks

 

[inthefutures]

most of the time I am 60 lookback and right down to 1 minute, the time to adjust is let say you are on a 3min chart and we drop for swings lasting 75 bars then this code will be missing the exact high or low by 15 bars. so i would in big swing days add a few bars to the lookback.

 

[inthefutures]

The problem with looking back to far in a tight choppy day is this code will not be looking at the most current swings if they move inside 60 bars.

Hoping this all makes sense

 

[tenacity11]

The problem with looking back to far in a tight choppy day is this code will not be looking at the most current swings if they move inside 60 bars.

Hoping this all makes sense

https://imgur.com/cypsbcb

I found this interesting how price has respected the levels both up and down. I did add extensions so I'm working with .382-.618-1.382-1.618

 

[mini]

https://imgur.com/cypsbcb

I found this interesting how price has respected the levels both up and down. I did add extensions so I'm working with .382-.618-1.382-1.618

I like your setting. Can you share your chart? Thank you!

 

[inthefutures]

https://imgur.com/cypsbcb

I found this interesting how price has respected the levels both up and down. I did add extensions so I'm working with .382-.618-1.382-1.618

Very nice, I like the .38 set at 0 and the .766 set at 1 so I can see the swing highs and lows the tool is using and then can adjust time of chart or lookback to pick up the highs and lows I want to plot against.

 

[tenacity11]

I like your setting. Can you share your chart? Thank you!

@mini Click on the expand button to see the chart

 

[mini]

@mini Click on the expand button to see the chart

I mean the thinkscript of the chart. And how can you change the candle colors? Thank you so much!

 

[tenacity11]

@mini
This is the info for the adjustable. The candle colors are related to a different study if you want that I can post separately.

# created by Alleytrader
input back = 60;
input one = .382;
input two = .618;
input three = 1.382;
input four = 1.618;

def stop = Highest(high, back);
def slow = Lowest(low, back);
def half = (stop - slow) * one;
plot halfback = slow + half;
halfback.setlineWeight(3);
halfback.setdefaultColor(color.GREEN);
def twobck = (stop - slow) * two;
plot twoback = slow + twobck;
twoback.setlineWeight(3);
twoback.setdefaultColor(color.RED);
def threebck = (stop - slow) * three;
plot threeback = slow + threebck;
threeback.setlineWeight(3);
threeback.setdefaultColor(color.BLUE);
def fourbck = (stop - slow) * four;
plot fourback = slow + fourbck;
fourback.setlineWeight(3);
fourback.setdefaultColor(color.YELLOW);

 

[mini]

@mini
This is the info for the adjustable. The candle colors are related to a different study if you want that I can post separately.

# created by Alleytrader
input back = 60;
input one = .382;
input two = .618;
input three = 1.382;
input four = 1.618;

def stop = Highest(high, back);
def slow = Lowest(low, back);
def half = (stop - slow) * one;
plot halfback = slow + half;
halfback.setlineWeight(3);
halfback.setdefaultColor(color.GREEN);
def twobck = (stop - slow) * two;
plot twoback = slow + twobck;
twoback.setlineWeight(3);
twoback.setdefaultColor(color.RED);
def threebck = (stop - slow) * three;
plot threeback = slow + threebck;
threeback.setlineWeight(3);
threeback.setdefaultColor(color.BLUE);
def fourbck = (stop - slow) * four;
plot fourback = slow + fourbck;
fourback.setlineWeight(3);
fourback.setdefaultColor(color.YELLOW);

Yes, may I also have the candle colors study? Thank you!

 

[tenacity11]

@mini NOTE on this study I turned off the 10 levels(the original was 5 levels and I added 5 more) for support and resistance leaving the colored candles only. Also note that should price take out highs or lows the candles will lose the color and return to normal colors. I like to see the candles confirm and the tmo to be ob(10 or greater or os(-10 or greater).

https://usethinkscript.com/threads/...upply-demand-zones-for-thinkorswim.172/page-2

 

[inthefutures]

https://www.screencast.com/t/zhDhT64tSKN
sorry if this mess up trying to see if my screencast works