Crossing EMA Lines

[woulf1004]

Hi,

Can you fix this script so the labels can work accordingly based on the ema crossing lines? Need this label (EMA50 > EMA_200) to change colors to cyan if the 50 EMA is above the 200 EMA and color gray if the the 50 EMA is below the 200 EMA (EMA50 < EMA_200).

input price = close;
input length = 50;
input length2 = 200;
input displace = 0;
input showBreakoutSignals = no;

plot AvgExp = ExpAverage(price[-displace], length);
plot AvgExp2 = ExpAverage(price[-displace], length2);
plot UpSignal = price crosses above AvgExp;
plot DownSignal = price crosses below AvgExp;


UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

AvgExp.SetDefaultColor(GetColor(1));
AvgExp2.SetDefaultColor(GetColor(3));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);

input showlabels = yes;

addlabel(!AvgExp > AvgExp2 < AvgExp, "EMA50 > EMA_200", color.cyan);
addlabel(!AvgExp < AvgExp2 > AvgExp, "EMA50 < EMA_200", color.gray);

 

[halcyonguy]

Hi,

Can you fix this script so the labels can work accordingly based on the ema crossing lines? Need this label (EMA50 > EMA_200) to change colors to cyan if the 50 EMA is above the 200 EMA and color gray if the the 50 EMA is below the 200 EMA (EMA50 < EMA_200).

input price = close;
input length = 50;
input length2 = 200;
input displace = 0;
input showBreakoutSignals = no;

plot AvgExp = ExpAverage(price[-displace], length);
plot AvgExp2 = ExpAverage(price[-displace], length2);
plot UpSignal = price crosses above AvgExp;
plot DownSignal = price crosses below AvgExp;


UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

AvgExp.SetDefaultColor(GetColor(1));
AvgExp2.SetDefaultColor(GetColor(3));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);

input showlabels = yes;

addlabel(!AvgExp > AvgExp2 < AvgExp, "EMA50 > EMA_200", color.cyan);
addlabel(!AvgExp < AvgExp2 > AvgExp, "EMA50 < EMA_200", color.gray);

i think you have some bad logic formulas to trigger the labels.

addlabel(!AvgExp > AvgExp2 < AvgExp, "EMA50 > EMA_200", color.cyan);
addlabel(!AvgExp < AvgExp2 > AvgExp, "EMA50 < EMA_200", color.gray);

a couple issues with this,
(!AvgExp > AvgExp2 < AvgExp)

you have 3 variables and 2 operators.
AvgExp has price values, so i'm not sure what you want to have happen by inverting it , !AvgExp?
inverse of a number , i think is 0?

can't use 2 comparator symbols like that.
should be 2 variables and 1 comparator ( < or > ). then AND or OR to join another variable or a comparison.

using 2 labels,
i rearranged the variables, so they match the text in quotes. easier to read and verify, when variables, values, and operatotors match the text.

addlabel( AvgExp > AvgExp2, "EMA50 > EMA_200", color.cyan);

addlabel( AvgExp < AvgExp2 , "EMA50 < EMA_200", color.gray);

another way, using 1 label

addlabel( 1,
(if AvgExp > AvgExp2 then "EMA50 > EMA_200"
else if AvgExp < AvgExp2 then "EMA50 < EMA_200"
else "-"),
(if AvgExp > AvgExp2 then color.cyan
else if AvgExp < AvgExp2 then color.gray
else color.black);

https://tlc.thinkorswim.com/center/reference/thinkScript/Operators