Buy and Sell indicator

[PennyFlipper101]

how do I add an indicator that simply plots the words buy and sell on the main chart when certain conditions are met

 

[MerryDay]

@PennyFlipper101 You use an AddChartBubble statement.
Search this forum for a plethora of examples or find out more:
https://usethinkscript.com/resources/thinkscript-addchartbubble-add-and-customize-chart-bubbles.13/

 

[PSandy]

I need input on this code it will not work, what is wrong?

# Trend Indicator for ToS

def Currentsum ;
def SDevCurrent;
def BBCurrentAve;
def Currentsumdirection;
#def CurrentSumPosture;

Currentsum = If(ExpAverage(close, 3) > ExpAverage(close, 7), 1,0) +
If(ExpAverage(close, 2) < ExpAverage(close, 5),-1,0)
+Currentsum[1];
Currentsumdirection = Currentsum - Currentsum[1];
BBCurrentAve = Average(Currentsum, 10);
SDevCurrent = StandardDeviation(Currentsum, length = 10);


plot Trendline = Currentsum ;

plot BBlower = BBCurrentAve - SDevCurrent * 1;
plot BBUpper = BBCurrentAve + SDevCurrent * 1;
AddCloud(BBLower, BBUpper, Color.red, Color.yellow);

#CurrentSumPosture = If(BBlower+Currentsum<0,BBlower+Currentsum,If((BBLower+Currentsum>=0 and Currentsum+BBUpper<=0),0,If(Currentsum+BBUpper>0,BBUpper-Currentsum,0)));
#AddCloud(CurrentSumPosture, -CurrentSumPosture, Color.red, Color.green);

 

[rad14733]

@PSandy Where did the code come from and is it related to this topic...??? Is this code you wrote, or did you find it elsewhere...??? All you've said is it doesn't work without any background as to what it should be doing... The more information we have the better we can be of assistance...

 

[horserider]

@PSandy Trying to get your logic in this, are you looking for the start of a downtrend?
It seems this event will only occur occasionally, I am not sure how you get a trend line from it. I think you need to plot an arrow where this condition currentsum is true. And maybe replace the " + " in your equation with an " and ".

 

[PSandy]

@PSandy Where did the code come from and is it related to this topic...??? Is this code you wrote, or did you find it elsewhere...??? All you've said is it doesn't work without any background as to what it should be doing... The more information we have the better we can be of assistance...

This code was given to me, it is supposed to indicate when money goes into a stock and when money is flowing out.

@PSandy Trying to get your logic in this, are you looking for the start of a downtrend?
It seems this event will only occur occasionally, I am not sure how you get a trend line from it. I think you need to plot an arrow where this condition currentsum is true. And maybe replace the " + " in your equation with an " and ".

This indicator is supposed to show money going in and money going out.

 

[Slippage]

I need input on this code it will not work, what is wrong?

I think the issue here is that this is meant to be a lower study but it doesn't declare that in the code. If you put it in the upper area of the chart the values aren't scaled to be relevant to current prices and it only appears near price coincidentally on some symbols.

Add a line to the code that says...

declare lower;

...and in your studies, drag it to one of the study slots labeled Lower.

 

[PSandy]

I think the issue here is that this is meant to be a lower study but it doesn't declare that in the code. If you put it in the upper area of the chart the values aren't scaled to be relevant to current prices and it only appears near price coincidentally on some symbols.

Add a line to the code that says...

declare lower;

...and in your studies, drag it to one of the study slots labeled Lower.

I think the issue here is that this is meant to be a lower study but it doesn't declare that in the code. If you put it in the upper area of the chart the values aren't scaled to be relevant to current prices and it only appears near price coincidentally on some symbols.

Add a line to the code that says...

declare lower;

...and in your studies, drag it to one of the study slots labeled Lower.

Where would you recommend to put this line code?

 

[horserider]

@PSandy Anywhere. But it is usually placed as the first line of code.