How to add if else conditions ?


New member
Hello there,
plot OI_NetChg =(open_interest()/open_interest()[1])*100;
AssignBackgroundColor(if OI_NetChg > 100 then color.GREEN else if OI_NetChg < 100 then color.RED else color.GRAY);

This is my code, and I want to add a condition, If OI_NetChg < 100 then OI_NetChg=100-OI_NetChg, else OI_NetChg=OI_NetChg

But I don't know how to add it ?
@Sheetu21 Here is my interpretation of what you are looking for. Check if it is what you are trying to achieve, and compare it to the code you provided for an idea of how I did it. I have included notes in the code, feel free to delete them when you copy and paste.

# First, I changed the plot "OI_NetChg" into a variable named "OI_Chg".

def OI_Chg = (open_interest() / open_interest()[1]) * 100;

# Then, I took the if-then-else conditions and put them in a plot with then original "OI_NetChg" name, and
# substituted the variable "OI_Chg" for the "OI_NetChg" in the if-then-else statement.

plot OI_NetChg = if OI_Chg < 100 then 100 - OI_Chg else OI_Chg == OI_Chg;
AssignBackgroundColor(if OI_NetChg > 100 then Color.GREEN else if OI_NetChg < 100 then Color.RED else Color.GRAY);

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
231 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.