Help with Final Score Plot - AccDist with 50 period SMA

[Mike]

Hello. I have a number of indicators that I use on my charts to determine when to consider opening a position or closing a position. To unclutter the charts I define the variables and the condition that would render them positive or negative. Then I assign each a Score. If the condition is positive the Score is 1 else the Score is 0. A Final Score is then plotted. So far, I've been able to plot scores for 5 indicators. Assuming all conditions were positive the hypothetical plot Final Score code would look like this:

Plot FinalScore = (ScoreInd1) + (ScoreInd2) + (ScoreInd3) + (ScoreInd4) + (ScoreInd5);

The Final Score plot value would be 5

The code listed below for the variable AccDist is the one that I'm having a problem with. Would appreciate some help. Thanks!

#
# TD Ameritrade IP Company, Inc. (c) 2009-2024
#
# MOD M 06/10/24

declare lower;

def AccDist = TotalSum(volume * CloseLocationValue());
def AccDist_average_length = 50;
def ScoreAD = if AccDist > AccDist_average_length then 1 else 0;
plot FinalScore = (ScoreAD);
FinalScore.AssignValueColor(if FinalScore > 0 then Color.Green else Color.RED);

End Script

 

[andre.muhammad]

Hello. I have a number of indicators that I use on my charts to determine when to consider opening a position or closing a position. To unclutter the charts I define the variables and the condition that would render them positive or negative. Then I assign each a Score. If the condition is positive the Score is 1 else the Score is 0. A Final Score is then plotted. So far, I've been able to plot scores for 5 indicators. Assuming all conditions were positive the hypothetical plot Final Score code would look like this:

Plot FinalScore = (ScoreInd1) + (ScoreInd2) + (ScoreInd3) + (ScoreInd4) + (ScoreInd5);

The Final Score plot value would be 5

The code listed below for the variable AccDist is the one that I'm having a problem with. Would appreciate some help. Thanks!

#
# TD Ameritrade IP Company, Inc. (c) 2009-2024
#
# MOD M 06/10/24

declare lower;

def AccDist = TotalSum(volume * CloseLocationValue());
def AccDist_average_length = 50;
def ScoreAD = if AccDist > AccDist_average_length then 1 else 0;
plot FinalScore = (ScoreAD);
FinalScore.AssignValueColor(if FinalScore > 0 then Color.Green else Color.RED);

End Script

See if this is what you are looking for:


declare lower;

# Define your indicator conditions and scoring here

# Example Indicator 1
def Condition1 = close > Average(close, 50); # Replace with your actual condition
def ScoreInd1 = if Condition1 then 1 else 0;

# Example Indicator 2
def Condition2 = RSI() > 50; # Replace with your actual condition
def ScoreInd2 = if Condition2 then 1 else 0;

# Example Indicator 3
def Condition3 = MACD()."Value" > MACD()."Avg"; # Replace with your actual condition
def ScoreInd3 = if Condition3 then 1 else 0;

# Example Indicator 4
def Condition4 = close > open; # Replace with your actual condition
def ScoreInd4 = if Condition4 then 1 else 0;

# Example Indicator 5
def Condition5 = close > BollingerBands()."UpperBand"; # Replace with your actual condition
def ScoreInd5 = if Condition5 then 1 else 0;

# Calculate Final Score
def FinalScore = ScoreInd1 + ScoreInd2 + ScoreInd3 + ScoreInd4 + ScoreInd5;

# Plot Final Score
plot FinalScorePlot = FinalScore;
FinalScorePlot.AssignValueColor(if FinalScore > 2 then Color.GREEN else Color.RED); # Example coloring
FinalScorePlot.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);