Create a script that plot lines and % range?

Tiger2020

New member
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

New member
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

Active member
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
 
Last edited by a moderator:

cabe1332

Active member
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
 
Last edited by a moderator:

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