Custom Watchlist Help

[waltj]

Hey all,

Ive been playing around with custom watchlists here lately.

my question is why are some of these labels correct and others not.

Was thinking if I have a cross down then it should be red, but not the case in all

Below is the code im using

Thanks yall

def EMA4 = ExpAverage(close, 4);
def EMA8 = ExpAverage(close, 8);
def EMA13 = ExpAverage(close, 13);
def EMA50 = ExpAverage(close, 50);

def bullish = EMA4 crosses above EMA13 within 3 bars;

def bearish = EMA4 crosses below EMA13 within 3 bars;

AddLabel(bullish, "Cross Up", color.black);
AddLabel(bearish, "Cross Down", color.black);
AddLabel(!bullish and !bearish, " ", color.black);

AssignBackgroundColor(if bullish then color.green else if bearish then color.red else color.black);

 

[waltj]

I think it may be my look back period. Roku for instance DID cross down 3 bars ago, but has since crossed back up.

This may be why i have a cross down label with a green background.

If someone can confirm this, that would be great

Thanks again yall

 

[BenTen]

You need to check for the lookback period and the timeframe that the watchlist is using.