10% channel from Price script

[TDTOS]

I am basically looking for an indicator that plots the + and - 10% compared to the current price on a chart.

I’m pretty sure such an indicator exists on here but tried different search terms with no luck.

If anyone is able to find one here, if you don’t mind linking the thread! Thanks!

 

[sonnetss108]

# Define
 inputs input channel Percentage = 10;

# Calculate channel values
def channelWidth = close * channelPercentage / 100;
def channelUpper = high + channelWidth;
def channelLower = low - channelWidth;

# Plot the channel
plot upperChannel = channelUpper;
upperChannel.SetDefaultColor(Color.CYAN);
upperChannel.SetStyle(Curve.SHORT_DASH);

plot lowerChannel = channelLower;
lowerChannel.SetDefaultColor(Color.CYAN);
lowerChannel.SetStyle(Curve.SHORT_DASH);

I saw earlier that someone had requested this... so here you go!

 

[TDTOS]

# Define
 inputs input channel Percentage = 10;

# Calculate channel values
def channelWidth = close * channelPercentage / 100;
def channelUpper = high + channelWidth;
def channelLower = low - channelWidth;

# Plot the channel
plot upperChannel = channelUpper;
upperChannel.SetDefaultColor(Color.CYAN);
upperChannel.SetStyle(Curve.SHORT_DASH);

plot lowerChannel = channelLower;
lowerChannel.SetDefaultColor(Color.CYAN);
lowerChannel.SetStyle(Curve.SHORT_DASH);

I saw earlier that someone had requested this... so here you go!

It doesn't seem to work. Tried fixing it with my limited thinkscript knowledge but no luck. If your able to look at it, would you be able to have a setting of a static price? So 10% band above or below a fixed input price? Thanks again!

 

[halcyonguy]

It doesn't seem to work. Tried fixing it with my limited thinkscript knowledge but no luck. If your able to look at it, would you be able to have a setting of a static price? So 10% band above or below a fixed input price? Thanks again!

here you go

just a fyi , i think sonnetss108 intended for this,
# Define
inputs input channel Percentage = 10;

to look like this,
# Define inputs
input channelPercentage = 10;

variable names can't have a space in them.
i changed channel_Percentage to include a _ .
i like using an underline to separate descriptive words in variable names.
_ is the only special character allowed in variable names.

# percent_bands

input channel_Percentage = 10.0;
input top_band_base = close;
input bottom_band_base = close;

def channelWidth = close * channel_Percentage/100;
def channelUpper = top_band_base + channelWidth;
def channelLower = bottom_band_base - channelWidth;

plot upperChannel = channelUpper;
upperChannel.SetDefaultColor(Color.CYAN);
upperChannel.SetStyle(Curve.SHORT_DASH);

plot lowerChannel = channelLower;
lowerChannel.SetDefaultColor(Color.CYAN);
lowerChannel.SetStyle(Curve.SHORT_DASH);
#