[Help] Declaration to display a plot ONCE a criteria has been satisfied and then keep that plot active

[CookieCuttr]

Hi is there some sort of declaration or function that I can use to keep a plot active once a criteria has been satisfied?

For example, let's say price is > 5% above the 10 moving average, at that point I want to display the 20EMA.

I would use something of the following [abbreviated and condensed]:
#Where P1 is when price > 5% above 10EMA
plot EMA20 = if P1 then MovingAverage(averageType.exponential, close, 20) else double.nan;
EMA20.SetDefaultColor(COLOR.YELLOW);

Now this will display the plot only when price is at least 5% above the MA, but when it goes below, the plot isn't shown. How do I keep the plot displayed once the criteria has been fulfilled?

Kind regards and TIA.

 

[halcyonguy]

Hi is there some sort of declaration or function that I can use to keep a plot active once a criteria has been satisfied?

For example, let's say price is > 5% above the 10 moving average, at that point I want to display the 20EMA.

I would use something of the following [abbreviated and condensed]:
#Where P1 is when price > 5% above 10EMA
plot EMA20 = if P1 then MovingAverage(averageType.exponential, close, 20) else double.nan;
EMA20.SetDefaultColor(COLOR.YELLOW);

Now this will display the plot only when price is at least 5% above the MA, but when it goes below, the plot isn't shown. How do I keep the plot displayed once the criteria has been fulfilled?

Kind regards and TIA.

the key part of this is the second line of this, which holds the value after it has been triggered.

below i have changed the variable names to make it easier to follow.

# example 1
def trigger = .. some true/false condition

def hold = if barnumber() == 1 then 0
  else if hold[1] == 1 then hold[1]
  else if trigger then 1
  else hold[1];

# then look for a transition, from 0 to 1
def first = (!hold[1] and hold);


# example 2
def trigger = .. some true/false condition
# isnan(pricex[1]) , checks if the previous value was not an error. if true, then it has a valid value, so assign it to the current bar with,  then pricex[1].

def avg =  some formula
def pricex = if barnumber() == 1 then double.nan
  else if !isnan(pricex[1]) then pricex[1]
  else if trigger then avg 
  else pricex[1];
#

https://usethinkscript.com/threads/...would-i-highlight-it-forever.7038/#post-68061

here are a couple of studies,
that on the first trigger of some variable,
it sets a variable to 1 for the remainder of the chart.

 

[CookieCuttr]

Thank you so much!

 

[isaacramsay]

Hi @halcyonguy,

I'm trying to do something a little similar but plot a line on a value after the setup condition is/was true and have it stop once an indicator has crossed a plotted value. With your example1, it did plot the line after cond is true but it would continue plotting after the indic crossed above/below the value.

def setup = true/false condition
def indic = supercoolindicator();
#your example1 from above
def hold = if barnumber() == 1 then 0
   else if hold[1] == 1 then hold[1]
   else if trigger then 1
   else hold[1];
plot line = if hold and indic < value then value else double.nan;?

 

[halcyonguy]

Hi @halcyonguy,

I'm trying to do something a little similar but plot a line on a value after the setup condition is/was true and have it stop once an indicator has crossed a plotted value. With your example1, it did plot the line after cond is true but it would continue plotting after the indic crossed above/below the value.

def setup = true/false condition
def indic = supercoolindicator();
#your example1 from above
def hold = if barnumber() == 1 then 0
   else if hold[1] == 1 then hold[1]
   else if trigger then 1
   else hold[1];
plot line = if hold and indic < value then value else double.nan;?

i think this will work

declare lower;
def trigger_cond = true/false condition
def stop_cond = true/false condition (crossing)

def initialvalue = 0;
def runvalue = 1;
def stopvalue = 2;

def linex = if barnumber() == 1 then initialvalue
 else if linex[1] == stopvalue then linex[1]

 else if linex[1] == runvalue and stop_cond then stopvalue

 else if linex[1] == initialvalue and trigger_cond then runvalue

 else linex[1];

plot line = if linex == runvalue then runvalue else initialvalue