AddLabel Show vs Not Showing w/condition

Hello, I wrote a script to calculate the dividend yield divided by the original cost basis(I.E "Cost Basis Yield") and show it as a label at the top of the chart(since portfolio data doesn't work as a column as far as I understand.

Here's the script for that:


def QuarterlyDiv = if IsNaN(GetDividend()) then QuarterlyDiv[1] else GetDividend();
def AnnualDiv = if QuarterlyDiv <> 0 then QuarterlyDiv * 4 else Double.NaN;

def costbasis = if GetAveragePrice() == 0 then Double.NaN else GetAveragePrice();

def yield = AnnualDiv / costbasis * 100;

AddLabel(1, "Cost Basis Yield: " + Round(yield, 1) + "%", Color.CYAN);



It works fine, but I want to code it so if a stock doesn't pay dividends that the whole label doesn't show(instead of N/A or -----).


I don't understand why something like this:

AddLabel(if isNan(quarterlydiv) then 0 else 1 , "Cost Basis Yield: " + Round(yield, 1) + "%", Color.CYAN);

doesn't work. It accepts the script like it's going to work, but still shows N/A on non div paying stocks
 
Hello, I wrote a script to calculate the dividend yield divided by the original cost basis(I.E "Cost Basis Yield") and show it as a label at the top of the chart(since portfolio data doesn't work as a column as far as I understand.

Here's the script for that:


def QuarterlyDiv = if IsNaN(GetDividend()) then QuarterlyDiv[1] else GetDividend();
def AnnualDiv = if QuarterlyDiv <> 0 then QuarterlyDiv * 4 else Double.NaN;

def costbasis = if GetAveragePrice() == 0 then Double.NaN else GetAveragePrice();

def yield = AnnualDiv / costbasis * 100;

AddLabel(1, "Cost Basis Yield: " + Round(yield, 1) + "%", Color.CYAN);



It works fine, but I want to code it so if a stock doesn't pay dividends that the whole label doesn't show(instead of N/A or -----).


I don't understand why something like this:

AddLabel(if isNan(quarterlydiv) then 0 else 1 , "Cost Basis Yield: " + Round(yield, 1) + "%", Color.CYAN);

doesn't work. It accepts the script like it's going to work, but still shows N/A on non div paying stocks

your label is N/A because you don't have an open position in TOS, of the stock on your chart.

if there is no average price, no open position,
then this formula becomes N/A,
def costbasis = if GetAveragePrice() == 0 then Double.NaN else GetAveragePrice();

it causes the yield formula to be N/A
which shows up in the label.

change the formula to this to verify, this shows a number.
def costbasis = if GetAveragePrice() == 0 then 1 else GetAveragePrice();
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
572 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top