Draw automatic 45 degree angles

Lulu22

New member
Hi everyone!

I was wondering if drawing automatic 45 degree angles on the charts is possible every time there is a reversal. Mainly on a 5 min chart.

Thanks in advance,
 
Solution
Hi everyone!

I was wondering if drawing automatic 45 degree angles on the charts is possible every time there is a reversal. Mainly on a 5 min chart.

Thanks in advance,
yes and no.
yes, lines and shapes can be drawn on a chart, defined by a formula, that is true during the time of some bars.

... what looks to be 45 drgrees on a 5 minute chart, will not be on an hour chart.
the X and Y axis have different units, time and dollars.

you will have to start by finding a formula to define a reversal.
here is one example.
https://usethinkscript.com/threads/...y-demand-zones-for-thinkorswim.172/#post-7048
Hi everyone!

I was wondering if drawing automatic 45 degree angles on the charts is possible every time there is a reversal. Mainly on a 5 min chart.

Thanks in advance,
yes and no.
yes, lines and shapes can be drawn on a chart, defined by a formula, that is true during the time of some bars.

... what looks to be 45 drgrees on a 5 minute chart, will not be on an hour chart.
the X and Y axis have different units, time and dollars.

you will have to start by finding a formula to define a reversal.
here is one example.
https://usethinkscript.com/threads/...y-demand-zones-for-thinkorswim.172/#post-7048
 
Solution
This probably is about as close as you would be able to get.

def angle = if #Reversal_Condition# then #Start_Value# else fold a = 0 to AbsValue(BarNumber()) with internal = #Start_Value# while (ATan((((internal) - getvalue(angle,1))) / 9) * 180) / Double.Pi < 45 do internal + #Price-Axis_Increment#;
plot aline=angle;
aline.setStyle(CURVE.POINTS);
xvRE6AZ.png

This will plot an angled line up, to plot angled down change:

"< 45 do internal + #Price-Axis_Increment#;"
to
"> -45 do internal - #Price-Axis_Increment#;".

lDna6DN.png
 

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