Custom Watchlist Help

waltj

New member
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

38k7OuC.png


Below is the code im using

Thanks yall

Code:
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);
 
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.

m3kxKfq.png


If someone can confirm this, that would be great

Thanks again yall
 

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

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
251 Online
Create Post

Similar threads

Similar threads

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