how do i make this a neutral zone

Miamidog

New member
I want to turn my overbought and oversold to a neutral line. how do I code that?

input over_bought = 60;
input over_sold = 40;
 
Last edited:
Solution
You could do something like one of these,

Code:
Input Neutral = 50;

Code:
Def isNeutral = Between(X, 40, 60);

Code:
Def isNeutral = X > 40 and X < 60;

but it depends on the rest of the code, you may need to be more specific.
You could do something like one of these,

Code:
Input Neutral = 50;

Code:
Def isNeutral = Between(X, 40, 60);

Code:
Def isNeutral = X > 40 and X < 60;

but it depends on the rest of the code, you may need to be more specific.
 
Solution
Yes it did work.. now im trying to make it plot on the candle made the high and low



Code:
Input Neutral = 50;
input KPeriod = 5;
input DPeriod = 3;
input priceH = high;
input priceL = low;
input priceC = close;
input slowing_period = 2;
input averageType = AverageType.SIMPLE;
input showBreakoutSignals = {default "No", "On FullK", "On FullD", "On FullK & FullD"};

def lowest_k = Lowest(priceL, KPeriod);
def c1 = priceC - lowest_k;
def c2 = Highest(priceH, KPeriod) - lowest_k;
def FastK = if c2 != 0 then c1 / c2 * 100 else 0;
Def isNeutral = Neutral > 40 and Neutral < 60;
def FullK = MovingAverage(averageType, FastK, slowing_period);
def FullD = MovingAverage(averageType, FullK, DPeriod);

def data  = (if FullD crosses above Neutral  then 1 else 0);
def data2 = (if FullD crosses below Neutral then 1 else 0);
###

plot xdata = if data[1] == 0 and data then (Lowest(low[1], 7)) else Double.NaN;
xdata.SetPaintingStrategy(PaintingStrategy.POINTS);
xdata.SetLineWeight(5);

plot xdata2 = if data[1] == 0 and data2 then (Highest(high[1], 7)) else Double.NaN;
xdata2.SetPaintingStrategy(PaintingStrategy.POINTS);
xdata2.SetLineWeight(5);

#------------------------------------------------
# change high to highest high and low to lowest low

def sh =  if !IsNaN(xdata2)  then highest(priceh[1], 5) else Double.NaN;
def sl = if !IsNaN(xdata)  then lowest(priceL[1], 5) else Double.NaN;
input showhilowline = yes;
plot hilowline = if showhilowline == no then Double.NaN else if data2 == 1 then sh else sl;
hilowline.EnableApproximation();
hilowline.SetDefaultColor(Color.BLACK);
hilowline.HideBubble();
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
333 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top