Create a script that plot lines and % range?

[Tiger2020]

So Hello glad I found yall.
I am a new trader for 4 months now. Working in youtube streams in a class with about 8 members and our mentor is a 20 year trader. I want to make an indicator that draws a price line with the following choices
High and Low with ability to turn off the low.
Ability to assign a % range to stay within based on 3 year time frame true high.
The line should grab the most touch points within the chosen % range.
Draw a horizontal line for those averaged points.
Chose the color, style, weight of line.
Or if there is a way to use the already existing price level and automate it through a script that make be more feasible.

 

[jackbarnes]

So Hello glad I found yall.
I am a new trader for 4 months now. Working in youtube streams in a class with about 8 members and our mentor is a 20 year trader. I want to make an indicator that draws a price line with the following choices
High and Low with ability to turn off the low.
Ability to assign a % range to stay within based on 3 year time frame true high.
The line should grab the most touch points within the chosen % range.
Draw a horizontal line for those averaged points.
Chose the color, style, weight of line.
Or if there is a way to use the already existing price level and automate it through a script that make be more feasible.

Did you ever figure this out? I'm trying to do something similar.

 

[cabe1332]

Did you ever figure this out? I'm trying to do something similar.

@Tiger2020 @jackbarnes the following code below plots/draws a 52 Wk Hi horizontal line of stock on your chart Good luck!

#staft code

def Highline = Highest(high(period = AggregationPeriod.Week),52);

plot FiftytwoWkHi = Highline;
FiftytwoWkHi.enableApproximation();
FiftytwoWkHi.SetDefaultColor(color.current);
FiftytwoWkHi.SetPaintingStrategy(PaintingStrategy.DASHES);

#end code

 

[cabe1332]

I updated the code to only show the line if the price is within 12.5% from the 52 wk hi. The corrected code will support Fit Studies on chart setting. Good luck! cabe1332

#cabe1332
#plots dash line of the 52 high price if within 12.5% on your chart

#start code
def showline = if close >= Highest(high(period = AggregationPeriod.day),252) * (.875) then 1 else double.NaN;
def Highline = Highest(high(period = AggregationPeriod.day),252);

plot FiftytwoWkHi = if showline then Highline else double.NaN;
FiftytwoWkHi.enableApproximation();
FiftytwoWkHi.SetDefaultColor(color.current);
FiftytwoWkHi.SetPaintingStrategy(PaintingStrategy.DASHES);

#end code