Converting Drummond PLDot to Thinkscript?

[Sully]

Hello,

My first attempt of converting TS code to TOS is for the Drummond PLDot.

It seems simple enough until I get to the plot portion. For some reason, the plot is a few hundred dollars above the actual price rendering the chart useless.

This is the TS code:

c=close
h=high
l=low

a=avg(h[1],l[1],c[1])
b=avg(h[2],l[2],c[2])
t=avg(h[3],l[3],c[3])
k=a+b+t
Pldot=k/3
Cosodelcolor = input(title="Cosodelcolor ?", type=bool, defval=true)

Pldotcolor= Cosodelcolor ? (Pldot > Pldot[1] ? lime :  red) : orange
plot(Pldot, title="PLDOT", style=circles, linewidth=4, color=Pldotcolor, transp=0, offset=1)

This is what I have so far for the TOS code:

#Charles Drummond PLDot
# 1/8/2020 Version 1.0 Sully attempt

def H = high;
def L = low;
def C = close;

# Calculate Averages

def A1 = H[1] + L[1] + C[1] / 3;
def A2 = H[2] + L[2] + C[2] / 3;
def A3 = H[3] + L[3] + C[3] / 3;

def Average = A1 + A2 + A3 /3;

# Plot the PLDot

plot PLDot = Average;

PLDot.SetLineWeight(3);
PLDot.SetStyle(Curve.POINTS);

#END PLDot CODE

Ideally, there would be two plots;

1- Plot dot of one color when dot is greater than the previous dot
2- Plot dot of another color when dot is less than the previous dot

Appreciate any assistance/guidance, recommendations, or revisions!

Thank you!

 

[tomsk]

Hello,

My first attempt of converting TS code to TOS is for the Drummond PLDot.

It seems simple enough until I get to the plot portion. For some reason, the plot is a few hundred dollars above the actual price rendering the chart useless.

This is the TS code:

c=close
h=high
l=low

a=avg(h[1],l[1],c[1])
b=avg(h[2],l[2],c[2])
t=avg(h[3],l[3],c[3])
k=a+b+t
Pldot=k/3
Cosodelcolor = input(title="Cosodelcolor ?", type=bool, defval=true)

Pldotcolor= Cosodelcolor ? (Pldot > Pldot[1] ? lime : red) : orange
plot(Pldot, title="PLDOT", style=circles, linewidth=4, color=Pldotcolor, transp=0, offset=1)

This is what I have so far for the TOS code:

#Charles Drummond PLDot
# 1/8/2020 Version 1.0 Sully attempt

def H = high;
def L = low;
def C = close;

# Calculate Averages

def A1 = H[1] + L[1] + C[1] / 3;
def A2 = H[2] + L[2] + C[2] / 3;
def A3 = H[3] + L[3] + C[3] / 3;

def Average = A1 + A2 + A3 /3;

# Plot the PLDot

plot PLDot = Average;

PLDot.SetLineWeight(3);
PLDot.SetStyle(Curve.POINTS);

#END PLDot CODE

Ideally, there would be two plots;

1- Plot dot of one color when dot is greater than the previous dot
2- Plot dot of another color when dot is less than the previous dot

Appreciate any assistance/guidance, recommendations, or revisions!

Thank you!

@Sully I have modified your code including varying the color of the DOTS - see if this works better for you

#Charles Drummond PLDot
# 1/8/2020 Version 1.0 Sully attempt

def H = high;
def L = low;
def C = close;

# Calculate Averages

def A1 = (H[1] + L[1] + C[1]) / 3;
def A2 = (H[2] + L[2] + C[2]) / 3;
def A3 = (H[3] + L[3] + C[3]) / 3;

def Average = (A1 + A2 + A3) /3;

# Plot the PLDot

plot PLDot = Average;
PLDot.SetLineWeight(3);
PLDot.SetStyle(Curve.POINTS);
PLDot.AssignValueColor(if Average > Average[1] then Color.CYAN else Color.YELLOW);

#END PLDot CODE

 

[Sully]

@tomsk

Thank you! It seems to be working perfectly with your modification and it is aligned with price now

Great assist!!

 

[tomsk]

Glad it helped, essentially you had a typical math precedence issue. Use this as an opportunity to see the differences so that you can gain from the experience. Very minimal changes on my end modulo the color assignments.

 

[HighBredCloud]

Can this be made into a lower study?

 

[Sully]

@tomsk

Thank you! It seems to be working perfectly with your modification and it is aligned with price now

Great assist!!

Yes, I noticed the brackets for the math - I had the same challenge during my dBaseIII coding days also

How many people are asking what the hell is dBase III ... lol

 

[Sully]

Can this be made into a lower study?

yes, just add

Declare lower;

to the top of the code.

Drummond designed it to be used on price charts to see where the dots are in relation to price.

 

[HighBredCloud]

@Sully But how do you make the dots straight and not resembling the upper study?

 

[Sully]

@Sully But how do you make the dots straight and not resembling the upper study?

I'm not sure what you are asking since the dots are the average of the last 3 averages. Not sure how to make the dots straight.
I yield to the group.

 

[horserider]

Change dots to line in settings, hope that is what you are asking.

 

[HighBredCloud]

@horserider This is what I mean...make the dots straight not all over the place by simply declaring it lower...

https://imgur.com/a/pOR8qwh

 

[Sully]

Okay, it's been a little while using the above code - I'm still slightly armed and extremely dangerous

Is it possible to plot on a higher timeframe like an MTF indicator?

Meaning, plot the 15 minute on the 4 hour chart showing both??

Thank you!