Counting Consecutive Periods in a watchlist? [Length of Trend]

JabronLames

Member
VIP
Hello,

Anyone have experience with Ichimoku charts?

I'm looking to add a watchlist column on my TOS that counts the number of periods that the price is above/below the cloud, and resets to 0 when the price closes in the cloud. Can anyone point me in the right direction to the thinkScript function call that would serve this purpose?

Thank you for your time!
 

JabronLames

Member
VIP
Update:

I managed to get something working for those who are interested.

Code:
# Dan Dudes 'I'm Big in Japan' Ichimoku function
# copyright forever

#------ Inputs for Ichimoku plots
input tenkan_period = 9;
input kijun_period = 26;
input lookBack = 5;
input breakOutBars = 3;
#------ Inputs for signal generation
input requireConfirmation = no;
input signalType = {default "Cloud Break", "T/K Cross"};

input length = 200;

#----------- Section for plotting the Ichimoku
def Tenkan = (Highest(high, tenkan_period) + Lowest(low, tenkan_period)) / 2;
def Kijun = (Highest(high, kijun_period) + Lowest(low, kijun_period)) / 2;
def "Span A" = (Tenkan[kijun_period] + Kijun[kijun_period]) / 2;
def "Span B" = (Highest(high[kijun_period], 2 * kijun_period) + Lowest(low[kijun_period], 2 * kijun_period)) / 2;
def Chikou = close[-kijun_period];

#------------ Section for generating signals
def bullishCloud = "Span A" >= "Span B";
def bearishCloud = "Span B" > "Span A";

###### Recursive Function Call
def countTrend = CompoundValue(1, if close > "Span A" and bullishCloud or (close > "Span B" and bearishCloud) or (close < "Span A" and bearishCloud) or (close < "Span B" and bullishCloud) then countTrend[1] + 1 else 0, 1);
######

AddLabel(yes, countTrend);

AssignBackgroundColor( if close > "Span A" then color.DARK_GREEN else if close < "Span B" then color.DARK_RED else color.CURRENT );
 
Last edited by a moderator:

JabronLames

Member
VIP
* Added "Len" to the Label so that it's a little more clear

Code:
#------ Inputs for Ichimoku plots
input tenkan_period = 9;
input kijun_period = 26;
input lookBack = 5;
input breakOutBars = 3;
#------ Inputs for signal generation
input requireConfirmation = no;
input signalType = {default "Cloud Break", "T/K Cross"};

input length = 200;

#----------- Section for plotting the Ichimoku
def Tenkan = (Highest(high, tenkan_period) + Lowest(low, tenkan_period)) / 2;
def Kijun = (Highest(high, kijun_period) + Lowest(low, kijun_period)) / 2;
def "Span A" = (Tenkan[kijun_period] + Kijun[kijun_period]) / 2;
def "Span B" = (Highest(high[kijun_period], 2 * kijun_period) + Lowest(low[kijun_period], 2 * kijun_period)) / 2;
def Chikou = close[-kijun_period];

#------------ Section for generating signals
def bullishCloud = "Span A" >= "Span B";
def bearishCloud = "Span B" > "Span A";


def countTrend = CompoundValue(1, if close > "Span A" and bullishCloud or (close > "Span B" and bearishCloud) or (close < "Span A" and bearishCloud) or (close < "Span B" and bullishCloud) then countTrend[1] + 1 else 0, 1);


AddLabel(yes, "Len " + countTrend);

AssignBackgroundColor( if close > "Span A" then color.DARK_GREEN else if close < "Span B" then color.DARK_RED else color.CURRENT );
 
Last edited by a moderator:

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