Help with this label

[Mbgaskins]

I created this label but I get errors about the colors. It says they aren’t valid.

The label is to display call/put ratio. Dark Green if below the given threshold and light green if moving down away from the threshold for the past x days. Dark red if above the threshold and light red if moving up away from the threshold for the past x days.

Variables are the TOS call put chart such as $PCSP.
PNC ratio threshold.
Days to use for determining direction.

Any help would be appreciated as to why this is throw the error message.

# Customizable Label Text with Trend-Based Color Change

declare lower;

input symbol = "SPX";
input ratioThreshold = 1.0;
input trendLength = 5;
input labelText = "Put/Call Ratio";
input lightGreen = Color.LIGHT_GREEN;
input darkGreen = Color.DARK_GREEN;
input lightRed = Color.LIGHT_RED;
input darkRed = Color.DARK_RED;

def ratio = close(symbol = symbol, "PCRatio");

def increasing = if ratio > GetValue(ratio, 1) then 1 else 0;
def decreasing = if ratio < GetValue(ratio, 1) then 1 else 0;

def lightGreenCondition = ratio < ratioThreshold and Sum(increasing, trendLength) == trendLength;
def darkGreenCondition = ratio < ratioThreshold and Sum(decreasing, trendLength) == trendLength;
def lightRedCondition = ratio >= ratioThreshold and Sum(decreasing, trendLength) == trendLength;
def darkRedCondition = ratio >= ratioThreshold and Sum(increasing, trendLength) == trendLength;

plot RatioLabel = ratio;
RatioLabel.AssignValueColor(
    if lightGreenCondition then lightGreen
    else if darkGreenCondition then darkGreen
    else if lightRedCondition then lightRed
    else if darkRedCondition then darkRed
    else Color.WHITE
);
AddLabel(yes, labelText, if lightGreenCondition or lightRedCondition then Color.WHITE else Color.GRAY);

 

[BenTen]

Check out this guide https://usethinkscript.com/resources/thinkscript-addlabel-adding-custom-labels-to-your-chart.8/

The example script at the bottom of the page is what you're looking for. Give it a try and let us know.

 

[halcyonguy]

I created this label but I get errors about the colors. It says they aren’t valid.

The label is to display call/put ratio. Dark Green if below the given threshold and light green if moving down away from the threshold for the past x days. Dark red if above the threshold and light red if moving up away from the threshold for the past x days.

Variables are the TOS call put chart such as $PCSP.
PNC ratio threshold.
Days to use for determining direction.

Any help would be appreciated as to why this is throw the error message.

# Customizable Label Text with Trend-Based Color Change

declare lower;

input symbol = "SPX";
input ratioThreshold = 1.0;
input trendLength = 5;
input labelText = "Put/Call Ratio";
input lightGreen = Color.LIGHT_GREEN;
input darkGreen = Color.DARK_GREEN;
input lightRed = Color.LIGHT_RED;
input darkRed = Color.DARK_RED;

def ratio = close(symbol = symbol, "PCRatio");

def increasing = if ratio > GetValue(ratio, 1) then 1 else 0;
def decreasing = if ratio < GetValue(ratio, 1) then 1 else 0;

def lightGreenCondition = ratio < ratioThreshold and Sum(increasing, trendLength) == trendLength;
def darkGreenCondition = ratio < ratioThreshold and Sum(decreasing, trendLength) == trendLength;
def lightRedCondition = ratio >= ratioThreshold and Sum(decreasing, trendLength) == trendLength;
def darkRedCondition = ratio >= ratioThreshold and Sum(increasing, trendLength) == trendLength;

plot RatioLabel = ratio;
RatioLabel.AssignValueColor(
    if lightGreenCondition then lightGreen
    else if darkGreenCondition then darkGreen
    else if lightRedCondition then lightRed
    else if darkRedCondition then darkRed
    else Color.WHITE
);
AddLabel(yes, labelText, if lightGreenCondition or lightRedCondition then Color.WHITE else Color.GRAY);

can't assign a color to a variable.
use the real colors in the label.

pcratio is not a valid input for close(). remove it
def ratio = close(symbol = symbol, "PCRatio");
so its like this
def ratio = close(symbol = symbol);