floating pl with reset for start of day

[taipanaz]

hi, does anyone know how to set floating pl for the day. i would like the floating pl to be reset to 0 every day. is this possible?

#
# TD Ameritrade IP Company, Inc. (c) 2012
#
declare lower;

plot FPL = FPL();
plot ZeroLine = 0;

FPL.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
FPL.DefineColor("Positive and Up", Color.GREEN);
FPL.DefineColor("Positive and Down", Color.DARK_GREEN);
FPL.DefineColor("Negative and Down", Color.RED);
FPL.DefineColor("Negative and Up", Color.DARK_RED);
FPL.AssignValueColor(if FPL >= 0 then if FPL > FPL[1] then FPL.Color("Positive and Up") else FPL.Color("Positive and Down") else if FPL < FPL[1] then FPL.Color("Negative and Down") else FPL.Color("Negative and Up"));
ZeroLine.SetDefaultColor(Color.GRAY);

hi, i am trying to get a floating pl with a reset to 0 for start of every day. is this possible?

here is what i got so far:

declare lower;

# Define variables
def reset = secondsfromtime(0000) >= 86400; # 86400 seconds = 24 hours
def fplvalue = fpl();
def FPLValue2 = if reset then 0 else fplvalue[1] + close - close[1];
plot FPL = fplvalue2;
plot ZeroLine = 0;

# Set painting strategy and colors
FPL.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
FPL.DefineColor("Positive and Up", Color.GREEN);
FPL.DefineColor("Positive and Down", Color.DARK_GREEN);
FPL.DefineColor("Negative and Down", Color.RED);
FPL.DefineColor("Negative and Up", Color.DARK_RED);
FPL.AssignValueColor(if FPL >= 0 then if FPL > FPL[1] then FPL.Color("Positive and Up") else FPL.Color("Positive and Down") else if FPL < FPL[1] then FPL.Color("Negative and Down") else FPL.Color("Negative and Up"));

ZeroLine.SetDefaultColor(Color.GRAY);


the fpl is supposed to reset to 0, but it does not seem to be working. can anyone help?

 

[halcyonguy]

hi, does anyone know how to set floating pl for the day. i would like the floating pl to be reset to 0 every day. is this possible?

#
# TD Ameritrade IP Company, Inc. (c) 2012
#
declare lower;

plot FPL = FPL();
plot ZeroLine = 0;

FPL.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
FPL.DefineColor("Positive and Up", Color.GREEN);
FPL.DefineColor("Positive and Down", Color.DARK_GREEN);
FPL.DefineColor("Negative and Down", Color.RED);
FPL.DefineColor("Negative and Up", Color.DARK_RED);
FPL.AssignValueColor(if FPL >= 0 then if FPL > FPL[1] then FPL.Color("Positive and Up") else FPL.Color("Positive and Down") else if FPL < FPL[1] then FPL.Color("Negative and Down") else FPL.Color("Negative and Up"));
ZeroLine.SetDefaultColor(Color.GRAY);

hi, i am trying to get a floating pl with a reset to 0 for start of every day. is this possible?

here is what i got so far:

declare lower;

# Define variables
def reset = secondsfromtime(0000) >= 86400; # 86400 seconds = 24 hours
def fplvalue = fpl();
def FPLValue2 = if reset then 0 else fplvalue[1] + close - close[1];
plot FPL = fplvalue2;
plot ZeroLine = 0;

# Set painting strategy and colors
FPL.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
FPL.DefineColor("Positive and Up", Color.GREEN);
FPL.DefineColor("Positive and Down", Color.DARK_GREEN);
FPL.DefineColor("Negative and Down", Color.RED);
FPL.DefineColor("Negative and Up", Color.DARK_RED);
FPL.AssignValueColor(if FPL >= 0 then if FPL > FPL[1] then FPL.Color("Positive and Up") else FPL.Color("Positive and Down") else if FPL < FPL[1] then FPL.Color("Negative and Down") else FPL.Color("Negative and Up"));

ZeroLine.SetDefaultColor(Color.GRAY);


the fpl is supposed to reset to 0, but it does not seem to be working. can anyone help?

several things,

this will never be true,
def reset2 = SecondsFromTime(0000) >= 86400;
if you look at /ES and at 23:59pm (depending on time zone, 22:59 for me) the seconds are 86340.
at midnight, the time is 0 and seconds are 0.

you could do something like this,
def reset = SecondsFromTime(0000) == 0;
for stocks, there probably won't be a bar at midnight, so it won't trigger.

i used getday(), to determine when a new day starts, for the reset,
def d = getday();
def newday = d != d[1];



if there are no trades, then fpl is n/a
i added this to convert the errors to 0, then the def FPLValue2 = formula can process numbers and not error out.
def fplvalue = if isnan(FPL()) then 0 else FPL();



this code is a study.
to really test fpl, you will have to copy and paste this code in as a strategy, to generate profits and losses.
need to add code to generate buy and sell signals.
then add addorder() functions, to buy and sell, based on the buy and sell signals.

def buy = ....
def sell = ...
AddOrder(OrderType.BUY_TO_OPEN, buy, ticksize = 1, tickcolor = Color.green, arrowcolor = Color.green, name = "buy");
AddOrder(OrderType.SELL_TO_CLOSE, sell, ticksize = 1, tickcolor = Color.red, arrowcolor = Color.red, name = "sell");
https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Others/AddOrder

because there are no addorder()'s, there is no data for fpl() to read, so it is always 0.
fplvalue is always 0. so the difference in 2 closes is plotted in the histogram
def FPLValue2 = if reset then 0 else fplvalue[1] + close - close[1];


there is a test bubble that can be turned on to see some values

#PL_reset_daily

#https://usethinkscript.com/threads/floating-pl-with-reset-for-start-of-day.18106/
#floating pl with reset for start of day
#taipanaz  Mar 16, 2024  #1

# i am trying to get a floating pl with a reset to 0 for start of every day. is this possible?
#here is what i got so far:

declare lower;

def d = getday();
def newday = d != d[1];

# Define variables
def reset2 = SecondsFromTime(0000) >= 86400; # 86400 seconds = 24 hours
def reset = newday;

def fplvalue = if isnan(FPL()) then 0 else FPL();

def FPLValue2 = if reset then 0 else fplvalue[1] + close - close[1];
plot FPL = FPLValue2;
plot ZeroLine = 0;

# Set painting strategy and colors
FPL.SetPaintingStrategy(PaintingStrategy.SQUARED_HISTOGRAM);
FPL.DefineColor("Positive and Up", Color.GREEN);
FPL.DefineColor("Positive and Down", Color.DARK_GREEN);
FPL.DefineColor("Negative and Down", Color.RED);
FPL.DefineColor("Negative and Up", Color.DARK_RED);
FPL.AssignValueColor(if FPL >= 0 then if FPL > FPL[1] then FPL.Color("Positive and Up") else FPL.Color("Positive and Down") else if FPL < FPL[1] then FPL.Color("Negative and Down") else FPL.Color("Negative and Up"));

ZeroLine.SetDefaultColor(Color.GRAY);

#------------------------
input test1 = no;
addchartbubble(test1, 0,
reset2 + " rst2\n" +
SecondsFromTime(0000) + " sec\n" +
reset + " rst\n" +
fplvalue + " fpl \n" +
fplvalue2 + " fpl2"
, color.yellow, no);
#