90/120/180% lines on charts

[darkelvis]

First off, I know NOTHING about coding, so any and all help is greatly appreciated here.
Is there any way to create an indicator that automatically plots lines at 90%, 120%, and 180% above yesterday's closing price on intraday charts?
Example... yesterday TRIL closed at $1.46, so today it would have lines at $2.77, $3.21, and $4.09.

Something along these lines:

Thanks in advance for any and all help!!

 

[markos]

@markos Noticed you had an error in the study you posted above - perhaps you may not have stored the original study in NotePad but used some sort of word processor? At any rate, suggest you replace that line before anyone else gets to it as many people on this site are dependent on code that is posted
Replace

def bar = if IsNaN(c) then Double.NaN else BarNumber0;

with

def bar = if IsNaN(c) then Double.NaN else BarNumber();

Done! Thanks for pointing that out. Rough day at work today. TGIF.

 

[darkelvis]

To everyone saying it doesn't work, or trying to use this on big boy stocks... This is a code for a very specific strategy. It's not going to be helpful whatsoever on huge stocks. It's for cheap trash low float companies that move 100%+ in a day. This indicator is EXACTLY what I was looking for, because it is what works for one of the strategies that I use. I'm a low float scalper, I play stocks below $7.00 with this strategy... I buy 5,000+ shares at a time and a long hold time for me is 10-15 minutes.

 

[horserider]

Thanks darkelvis

 

[Trading51]

Yes, is it possible to get this above the high or low of the previous day

 

[tomsk]

There you go folks, @darkelvis has spoken, this is precisely the sort of underlying logic that the study I wrote for him would work. Try loading that on mega stocks like AAPL or FB. It won't move over 100% overnight.

 

[darkelvis]

@BenTen last example then I'm done and I'll let the thread die... DARE premarket this morning. Again, @tomsk thank you so much for this script.

 

[TradeUp]

@darkelvis Do you mind sharing more of your strategy? How do you find for these stocks? I'm new and trying to learn how to trade these types of stocks. Thanks!

 

[darkelvis]

Premarket scanner for stocks that are up 80%+

 

[Brad]

@darkelvis I really like your way of thinking on this strategy. Thanks for sharing. Could this be used on a mobile also ? or would that be a different script ?

 

[tomsk]

From what I know, mobile does have some limitations that desktop doesn't, such as no labels, clouds or bubbles. I suppose the only way to find out for sure is to put this to the test

 

[Brad]

From what I know, mobile does have some limitations that desktop doesn't, such as no labels, clouds or bubbles. I suppose the only way to find out for sure is to put this to the test

@tomsk Yes sir ! my intentions for tomorrow. Thanks again for your time and effort in helping rookies like myself.

 

[Brad]

@tomsk this is the desktop from this morning

 

[Brad]

@tomsk this the mobile look this morning

https://imgur.com/TCcNk9K

 

[tomsk]

@Brad Welcome to the site, it has lots of good info for everyone. My understanding is that @darkelvis has a very specific trading strategy surrounding this strategy. Probably best to paper trade for a while to get familiar with things and read all the comments he has posted on this thread.