Custom Price Line with + / - Cloud

https://ibb.co/f4f3PS6

Hey community! I was curious if someone could help create a dynamic price line with a line above and below that can be edited. Link to example included, can't figure out how to include it in the post.

So basically on a 5m or 1m i want the current price with a line to the right, then a cloud up .25 and a cloud down .50 - so if the price moves from 20.00 to 20.05 the price line move and the double cloud moves as well.
Hope this makes sense. Any help is greatly appreciated, love this community!
 
https://ibb.co/f4f3PS6

Hey community! I was curious if someone could help create a dynamic price line with a line above and below that can be edited. Link to example included, can't figure out how to include it in the post.

So basically on a 5m or 1m i want the current price with a line to the right, then a cloud up .25 and a cloud down .50 - so if the price moves from 20.00 to 20.05 the price line move and the double cloud moves as well.
Hope this makes sense. Any help is greatly appreciated, love this community!

images,
look at the top of the questions page, to learn how to post an image
https://usethinkscript.com/threads/how-to-insert-image-in-a-post-thread.277/page-3#post-98334

the lower line seems to be the same distance from the last bar price line, as the top line. so the proper description would be,
2 lines , +0.25 and -0.25 from the last bar price line. not -.50.

why did you mention this?
'...so if the price moves from 20.00 to 20.05 the price line move...'
1. do you want to ignore,
price moves <= 0.05 ? or some other increment?
2. or do you want the price line to move with every bar price change?
 
I was thinking of profit scalping - I use a +25 -50 approach, so the actual price would be the line then green cloud above for .25 and red cloud below fro .50 ( I give a wide cushion)

It helps me see where my targets might line up with other indicators.

So as the price fluctuates , the clouds move as well.

Thanks you!!!
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
460 Online
Create Post

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top