Distance From Average In ATR For ThinkOrSwim

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vanwooten

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Looking for a chart label to display the distance between current price to 21 EMA in ATR. So the badge would display 2.0 when current price is 2 current ATR from the current value of 21 EMA.
 
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vanwooten said:
Looking for a chart label to display the distance between current price to 21 EMA in ATR. So the badge would display 2.0 when current price is 2 current ATR from the current value of 21 EMA.
Click to expand...


i just made this, so i copied it and modified it.
https://usethinkscript.com/threads/...used-in-thinkorswim.13822/page-10#post-134964

added ATR code,
then divided the difference by atr , to get ATR units
labels display the $ difference, ATR, ATR units
can show average line and ATR offset lines


Code: 
#diff_from_avg_in_atr_units

#https://usethinkscript.com/threads/distance-between-current-price-to-21-ema-in-atr.17228/
#distance between current price to 21 EMA in ATR

def data = close;
input avg1_type = AverageType.Simple;
#input avg1_type = AverageType.exponential;
input avg1_length = 21;
def avg1 = MovingAverage( avg1_type , data , avg1_length );
def diff = (avg1 - close);
def diff_per = absvalue(diff) * 100 / close;

# ATR --------------
input length = 14;
input averageType = AverageType.WILDERS;
def ATR1 = MovingAverage(averageType, TrueRange(high, close, low), length);
#ATR.SetDefaultColor(GetColor(8));
#-----------------

def diff_atrs = round(absvalue(diff/atr1), 2);

input show_labels = yes;
addlabel(show_labels, " ", color.black);
#addlabel(show_labels, "price to avg1 " + round(diff1,2) + "%", color.yellow);

addlabel(show_labels, "diff:  " + diff, color.yellow);
addlabel(show_labels, "ATR:  " + atr1, color.yellow);
addlabel(show_labels, "price to avg1:  " + diff_atrs + " ATR units", color.yellow);

input show_average_line = yes;
plot zavg1 = if show_average_line then avg1 else na;
zavg1.SetDefaultColor(Color.cyan);
zavg1.hidebubble();


input show_atr_lines = no;
plot z1 = if show_atr_lines then close + atr1 else na;
plot z2 = if show_atr_lines then close - atr1 else na;
z1.SetDefaultColor(Color.gray);
z1.hidebubble();
z2.SetDefaultColor(Color.gray);
z2.hidebubble();
#

gPDHi49.jpg
 
I have this. ADR + current price versus certain moving averages. Color labels change based how far current price from the MAs'.


Code: 
# ADR vs MA Distance Percentage
# ProjectRyan



########################################################### ADR computation


def len = 1;

def dayHigh = DailyHighLow(AggregationPeriod.DAY, len, 0, no).DailyHigh;
def dayLow = DailyHighLow(AggregationPeriod.DAY, len, 0, no).DailyLow;

def ADR = (dayHigh / dayLow + dayHigh[1] / dayLow[1] + dayHigh[2] / dayLow[2] + dayHigh[3] / dayLow[3] + dayHigh[4] / dayLow[4] + dayHigh[5] / dayLow[5] + dayHigh[6] / dayLow[6] + dayHigh[7] / dayLow[7] + dayHigh[8] / dayLow[8] + dayHigh[9] / dayLow[9] + dayHigh[10] / dayLow[10] +  dayHigh[11] / dayLow[11] + dayHigh[12] / dayLow[12] + dayHigh[13] / dayLow[13] + dayHigh[14] / dayLow[14] + dayHigh[15] / dayLow[15] +  dayHigh[16] / dayLow[16] + dayHigh[17] / dayLow[17] + dayHigh[18] / dayLow[18] + dayHigh[19] / dayLow[19] + dayHigh[20] / dayLow[20] +  dayHigh[21] / dayLow[21] + dayHigh[22] / dayLow[22] + dayHigh[23] / dayLow[23] + dayHigh[24] / dayLow[24] + dayHigh[25] / dayLow[25] + dayHigh[26] / dayLow[26] + dayHigh[27] / dayLow[27] + dayHigh[28] / dayLow[28] + dayHigh[29] / dayLow[29] + dayHigh[30] / dayLow[30] +  dayHigh[31] / dayLow[31] + dayHigh[32] / dayLow[32] + dayHigh[33] / dayLow[33] + dayHigh[34] / dayLow[34] + dayHigh[35] / dayLow[35] +  dayHigh[36] / dayLow[36] + dayHigh[37] / dayLow[37] + dayHigh[38] / dayLow[38] + dayHigh[39] / dayLow[39] + dayHigh[40] / dayLow[40] + dayHigh[41] / dayLow[41] + dayHigh[42] / dayLow[42] + dayHigh[43] / dayLow[43] + dayHigh[44] / dayLow[44] + dayHigh[45] / dayLow[45] + dayHigh[46] / dayLow[46] + dayHigh[47] / dayLow[47] + dayHigh[48] / dayLow[48] + dayHigh[49] / dayLow[49] + dayHigh[50] / dayLow[50]) / 51;

def ADR_perc = 100 * (ADR - 1);

def ADR_perc25 = ADR_perc + (ADR_perc * 0.25);

def ADR_perc50 = ADR_perc + (ADR_perc * 0.5);

def ADR_perc75 = ADR_perc + (ADR_perc * 0.75);

AddLabel (yes, Round(ADR_perc, 1) + "%" + " :ADR" , if ADR_perc is greater than or equal to 4.0 then Color.Magenta else Color.GRAY);



########################################################## Distance Between two MAs ### MTF Moving Average

# input Period = aggregationPeriod.HOUR;
input Period1 = AggregationPeriod.Day;
input Period2 = AggregationPeriod.Day;
input Period3 = AggregationPeriod.Day;

# input AvgType = averageType.EXPONENTIAL;
input AvgType1 = AverageType.Simple;
input AvgType2 = AverageType.Simple;
input AvgType3 = AverageType.Simple;

# input Length = 50;
input Length1 = 10;
input Length2 = 20;
input Length3 = 50;

# input priceclose = close;
input priceclose1 = close;
input priceclose2 = close;
input priceclose3 = close;


plot AVG1 = MovingAverage(AvgType1, close(period = Period1), Length1);
plot AVG2 = MovingAverage(AvgType2, close(period = Period2), Length2);
plot AVG3 = MovingAverage(AvgType3, close(period = Period3), Length3);


def pct1 = (priceclose1 / AVG1) - 1;
def pct1_perc = pct1 * 100;

def pct2 = (priceclose2 / AVG2) - 1;
def pct2_perc = pct2 * 100;

def pct3 = (priceclose3 / AVG3) - 1;
def pct3_perc = pct3 * 100;


def Diff_perc = pct2 - pct1;
def Perc = ((Diff_perc / ADR_perc)*100);

def Level0 = ADR_perc * 0.01;
def Level1 = ADR_perc * 0.30;
def Level2 = ADR_Perc * 0.50;
def Level3 = ADR_Perc * 1.00;


#### Labels

AddLabel(1, Round(pct1_perc,1) + "% :" +  Length1  + "ma" , if pct1_perc < 0.00 then Color.Gray else if pct1_perc > 0.00 and pct1_perc < ADR_perc then Color.Green else if pct1_perc >= ADR_perc and pct1_perc < ADR_perc50 then Color.Yellow else if pct1_perc >= ADR_perc50 then Color.Red else Color.GRAY);



AddLabel(1, Round(pct2_perc,1) + "% :" +  Length2  + "ma" , if pct2_perc < 0.00 then Color.Gray else if pct2_perc > 0.00 and pct2_perc < ADR_perc then Color.Green else if pct2_perc >= ADR_perc and pct2_perc < ADR_perc75 then Color.Yellow else if pct2_perc >= ADR_perc75 then Color.Red else Color.GRAY);



AddLabel(1, Round(pct3_perc,1) + "% :" +  Length3  + "ma" , if pct3_perc < 0.00 then Color.Gray else if pct3_perc > 0.00 and pct3_perc < ADR_perc then Color.Green else if pct3_perc >= ADR_perc and pct3_perc < ADR_perc75 then Color.Yellow else if pct3_perc >= ADR_perc75 then Color.Red else Color.GRAY);
 
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Musk335im3 said:
I have this. ADR + current price versus certain moving averages. Color labels change based how far current price from the MAs'.


Code: 
# ADR vs MA Distance Percentage
# ProjectRyan



########################################################### ADR computation


def len = 1;

def dayHigh = DailyHighLow(AggregationPeriod.DAY, len, 0, no).DailyHigh;
def dayLow = DailyHighLow(AggregationPeriod.DAY, len, 0, no).DailyLow;

def ADR = (dayHigh / dayLow + dayHigh[1] / dayLow[1] + dayHigh[2] / dayLow[2] + dayHigh[3] / dayLow[3] + dayHigh[4] / dayLow[4] + dayHigh[5] / dayLow[5] + dayHigh[6] / dayLow[6] + dayHigh[7] / dayLow[7] + dayHigh[8] / dayLow[8] + dayHigh[9] / dayLow[9] + dayHigh[10] / dayLow[10] +  dayHigh[11] / dayLow[11] + dayHigh[12] / dayLow[12] + dayHigh[13] / dayLow[13] + dayHigh[14] / dayLow[14] + dayHigh[15] / dayLow[15] +  dayHigh[16] / dayLow[16] + dayHigh[17] / dayLow[17] + dayHigh[18] / dayLow[18] + dayHigh[19] / dayLow[19] + dayHigh[20] / dayLow[20] +  dayHigh[21] / dayLow[21] + dayHigh[22] / dayLow[22] + dayHigh[23] / dayLow[23] + dayHigh[24] / dayLow[24] + dayHigh[25] / dayLow[25] + dayHigh[26] / dayLow[26] + dayHigh[27] / dayLow[27] + dayHigh[28] / dayLow[28] + dayHigh[29] / dayLow[29] + dayHigh[30] / dayLow[30] +  dayHigh[31] / dayLow[31] + dayHigh[32] / dayLow[32] + dayHigh[33] / dayLow[33] + dayHigh[34] / dayLow[34] + dayHigh[35] / dayLow[35] +  dayHigh[36] / dayLow[36] + dayHigh[37] / dayLow[37] + dayHigh[38] / dayLow[38] + dayHigh[39] / dayLow[39] + dayHigh[40] / dayLow[40] + dayHigh[41] / dayLow[41] + dayHigh[42] / dayLow[42] + dayHigh[43] / dayLow[43] + dayHigh[44] / dayLow[44] + dayHigh[45] / dayLow[45] + dayHigh[46] / dayLow[46] + dayHigh[47] / dayLow[47] + dayHigh[48] / dayLow[48] + dayHigh[49] / dayLow[49] + dayHigh[50] / dayLow[50]) / 51;

def ADR_perc = 100 * (ADR - 1);

def ADR_perc25 = ADR_perc + (ADR_perc * 0.25);

def ADR_perc50 = ADR_perc + (ADR_perc * 0.5);

def ADR_perc75 = ADR_perc + (ADR_perc * 0.75);

AddLabel (yes, Round(ADR_perc, 1) + "%" + " :ADR" , if ADR_perc is greater than or equal to 4.0 then Color.Magenta else Color.GRAY);



########################################################## Distance Between two MAs ### MTF Moving Average

# input Period = aggregationPeriod.HOUR;
input Period1 = AggregationPeriod.Day;
input Period2 = AggregationPeriod.Day;
input Period3 = AggregationPeriod.Day;

# input AvgType = averageType.EXPONENTIAL;
input AvgType1 = AverageType.Simple;
input AvgType2 = AverageType.Simple;
input AvgType3 = AverageType.Simple;

# input Length = 50;
input Length1 = 10;
input Length2 = 20;
input Length3 = 50;

# input priceclose = close;
input priceclose1 = close;
input priceclose2 = close;
input priceclose3 = close;


plot AVG1 = MovingAverage(AvgType1, close(period = Period1), Length1);
plot AVG2 = MovingAverage(AvgType2, close(period = Period2), Length2);
plot AVG3 = MovingAverage(AvgType3, close(period = Period3), Length3);


def pct1 = (priceclose1 / AVG1) - 1;
def pct1_perc = pct1 * 100;

def pct2 = (priceclose2 / AVG2) - 1;
def pct2_perc = pct2 * 100;

def pct3 = (priceclose3 / AVG3) - 1;
def pct3_perc = pct3 * 100;


def Diff_perc = pct2 - pct1;
def Perc = ((Diff_perc / ADR_perc)*100);

def Level0 = ADR_perc * 0.01;
def Level1 = ADR_perc * 0.30;
def Level2 = ADR_Perc * 0.50;
def Level3 = ADR_Perc * 1.00;


#### Labels

AddLabel(1, Round(pct1_perc,1) + "% :" +  Length1  + "ma" , if pct1_perc < 0.00 then Color.Gray else if pct1_perc > 0.00 and pct1_perc < ADR_perc then Color.Green else if pct1_perc >= ADR_perc and pct1_perc < ADR_perc50 then Color.Yellow else if pct1_perc >= ADR_perc50 then Color.Red else Color.GRAY);



AddLabel(1, Round(pct2_perc,1) + "% :" +  Length2  + "ma" , if pct2_perc < 0.00 then Color.Gray else if pct2_perc > 0.00 and pct2_perc < ADR_perc then Color.Green else if pct2_perc >= ADR_perc and pct2_perc < ADR_perc75 then Color.Yellow else if pct2_perc >= ADR_perc75 then Color.Red else Color.GRAY);



AddLabel(1, Round(pct3_perc,1) + "% :" +  Length3  + "ma" , if pct3_perc < 0.00 then Color.Gray else if pct3_perc > 0.00 and pct3_perc < ADR_perc then Color.Green else if pct3_perc >= ADR_perc and pct3_perc < ADR_perc75 then Color.Yellow else if pct3_perc >= ADR_perc75 then Color.Red else Color.GRAY);
Click to expand...
Is it possible to change the color of the labels to match the color that I select from the color swatches for the moving averages? Using a few moving averages on each time chart can make distinguishing them confusing.
 
Amarante said:
Is it possible to change the color of the labels to match the color that I select from the color swatches for the moving averages? Using a few moving averages on each time chart can make distinguishing them confusing.
Click to expand...
Yup. I made some mod of above code where:
  • when: Price is above MA + Difference between current price and MA is < than ADR: label's color is the same as the MA.
  • if: Price is above MA + Difference between current price and MA is > than ADR: label's color turns red

Code: 
# ADR vs MA Distance Percentage
# ProjectRyan
# V2; Fixed colors

########################################################### ADR computation

def len = 1;

def dayHigh = DailyHighLow(AggregationPeriod.DAY, len, 0, no).DailyHigh;
def dayLow = DailyHighLow(AggregationPeriod.DAY, len, 0, no).DailyLow;

def ADR = (dayHigh / dayLow + dayHigh[1] / dayLow[1] + dayHigh[2] / dayLow[2] + dayHigh[3] / dayLow[3] + dayHigh[4] / dayLow[4] + dayHigh[5] / dayLow[5] + dayHigh[6] / dayLow[6] + dayHigh[7] / dayLow[7] + dayHigh[8] / dayLow[8] + dayHigh[9] / dayLow[9] + dayHigh[10] / dayLow[10] +  dayHigh[11] / dayLow[11] + dayHigh[12] / dayLow[12] + dayHigh[13] / dayLow[13] + dayHigh[14] / dayLow[14] + dayHigh[15] / dayLow[15] +  dayHigh[16] / dayLow[16] + dayHigh[17] / dayLow[17] + dayHigh[18] / dayLow[18] + dayHigh[19] / dayLow[19] + dayHigh[20] / dayLow[20] +  dayHigh[21] / dayLow[21] + dayHigh[22] / dayLow[22] + dayHigh[23] / dayLow[23] + dayHigh[24] / dayLow[24] + dayHigh[25] / dayLow[25] + dayHigh[26] / dayLow[26] + dayHigh[27] / dayLow[27] + dayHigh[28] / dayLow[28] + dayHigh[29] / dayLow[29] + dayHigh[30] / dayLow[30] +  dayHigh[31] / dayLow[31] + dayHigh[32] / dayLow[32] + dayHigh[33] / dayLow[33] + dayHigh[34] / dayLow[34] + dayHigh[35] / dayLow[35] +  dayHigh[36] / dayLow[36] + dayHigh[37] / dayLow[37] + dayHigh[38] / dayLow[38] + dayHigh[39] / dayLow[39] + dayHigh[40] / dayLow[40] + dayHigh[41] / dayLow[41] + dayHigh[42] / dayLow[42] + dayHigh[43] / dayLow[43] + dayHigh[44] / dayLow[44] + dayHigh[45] / dayLow[45] + dayHigh[46] / dayLow[46] + dayHigh[47] / dayLow[47] + dayHigh[48] / dayLow[48] + dayHigh[49] / dayLow[49] + dayHigh[50] / dayLow[50]) / 51;

def ADR_perc = 100 * (ADR - 1);

def ADR_perc25 = ADR_perc + (ADR_perc * 0.25);

def ADR_perc50 = ADR_perc + (ADR_perc * 0.5);

def ADR_perc75 = ADR_perc + (ADR_perc * 0.75);

AddLabel (yes, Round(ADR_perc, 1) + "%" + " :ADR" , if ADR_perc is greater than or equal to 4.0 then Color.MAGENTA else Color.GRAY);


########################################################## Distance Between two MAs ### MTF Moving Average

# input Period = aggregationPeriod.HOUR;
input Period1 = AggregationPeriod.DAY;
input Period2 = AggregationPeriod.DAY;
input Period3 = AggregationPeriod.DAY;

# input AvgType = averageType.EXPONENTIAL;
input AvgType1 = AverageType.SIMPLE;
input AvgType2 = AverageType.SIMPLE;
input AvgType3 = AverageType.SIMPLE;

# input Length = 50;
input Length1 = 10;
input Length2 = 20;
input Length3 = 50;

# input priceclose = close;
input priceclose1 = close;
input priceclose2 = close;
input priceclose3 = close;


plot AVG1 = MovingAverage(AvgType1, close(period = Period1), Length1);
AVG1.setdefaultcolor(color.Green);
plot AVG2 = MovingAverage(AvgType2, close(period = Period2), Length2);
AVG2.setdefaultcolor(color.Cyan);
plot AVG3 = MovingAverage(AvgType3, close(period = Period3), Length3);
AVG3.setdefaultcolor(color.Yellow);


def pct1 = (priceclose1 / AVG1) - 1;
def pct1_perc = pct1 * 100;

def pct2 = (priceclose2 / AVG2) - 1;
def pct2_perc = pct2 * 100;

def pct3 = (priceclose3 / AVG3) - 1;
def pct3_perc = pct3 * 100;


def Diff_perc = pct2 - pct1;
def Perc = ((Diff_perc / ADR_perc) * 100);

def Level0 = ADR_perc * 0.01;
def Level1 = ADR_perc * 0.30;
def Level2 = ADR_perc * 0.50;
def Level3 = ADR_perc * 1.00;


#### Labels

#AddLabel(1, Round(pct1_perc,1) + "% :" +  Length1  + "ma" , if pct1_perc < 0.00 then Color.Gray else if pct1_perc > 0.00 and pct1_perc < ADR_perc then Color.Green else if pct1_perc >= ADR_perc and pct1_perc < ADR_perc50 then Color.Yellow else if pct1_perc >= ADR_perc50 then Color.Red else Color.GRAY);
AddLabel(1, Round(pct1_perc, 1) + "% :" +  Length1  + "ma" , if pct1_perc < 0.00 then Color.GRAY else if pct1_perc > 0.00 and pct1_perc < ADR_perc then Color.GREEN else if pct1_perc > 0.00 and pct1_perc >= ADR_perc then Color.Red else Color.GRAY);


#AddLabel(1, Round(pct2_perc,1) + "% :" +  Length2  + "ma" , if pct2_perc < 0.00 then Color.Gray else if pct2_perc > 0.00 and pct2_perc < ADR_perc then Color.Green else if pct2_perc >= ADR_perc and pct2_perc < ADR_perc75 then Color.Yellow else if pct2_perc >= ADR_perc75 then Color.Red else Color.GRAY);
AddLabel(1, Round(pct2_perc, 1) + "% :" +  Length2  + "ma" , if pct2_perc < 0.00 then Color.GRAY else if pct2_perc > 0.00 and pct2_perc < ADR_perc then Color.CYAN else if pct2_perc >= ADR_perc then Color.Red else Color.GRAY);


#AddLabel(1, Round(pct3_perc,1) + "% :" +  Length3  + "ma" , if pct3_perc < 0.00 then Color.Gray else if pct3_perc > 0.00 and pct3_perc < ADR_perc then Color.Green else if pct3_perc >= ADR_perc and pct3_perc < ADR_perc75 then Color.Yellow else if pct3_perc >= ADR_perc75 then Color.Red else Color.GRAY);
AddLabel(1, Round(pct3_perc, 1) + "% :" +  Length3  + "ma" , if pct3_perc < 0.00 then Color.GRAY else if pct3_perc > 0.00 and pct3_perc < ADR_perc then Color.YELLOW else if pct3_perc > 0.00 and pct3_perc >= ADR_perc then Color.Red else Color.GRAY);
 
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