How to get plots removed from this study once a security sells???

N

number9

New member
Code: 
input length = 14;
plot ADR = MovingAverage(AverageType.wilders, high-low, length);

def plBuy = GetAveragePrice();
def plStraightLine = highestall(plBuy);

plot x=plStraightLine;
x.SetDefaultColor(Color.white);
x.SetLineWeight(1);

plot pl1 = x * 1.015;
pl1.SetDefaultColor(Color.GREEN);
pl1.SetLineWeight(1);

plot pl2 = x - ADR;
pl1.SetDefaultColor(Color.RED);
pl1.SetLineWeight(1);

I have the above study plot three lines on my upper chart once a security is bought. It plots a line for average price, an upper line for 1.5% above average price (my price target) and a lower line that equals average price minus ADR (my stop). However, once I sell and completely liquidate the security, the lines remain on the chart. Is there a way to add code so the lines/plots are removed once the security is sold/liquidated and I no longer hold shares? If so, any help with adding that code to what I already have would be greatly appreciated. Thank you.
 
Solution
S
@number9

Ruby: 
input length = 14;
def ADR = MovingAverage(AverageType.wilders, high-low, length);

def OpenPosCount = CompoundValue(1,if GetAveragePrice()[1] <> GetAveragePrice() then OpenPosCount[1]+1 else OpenPosCount[1],0);
def LastOpen = OpenPosCount == HighestAll(OpenPosCount) and GetAveragePrice() <> 0;

plot x = if LastOpen then GetAveragePrice() else Double.NaN;
x.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
x.SetDefaultColor(Color.white);
x.SetLineWeight(1);

plot pl1 = if LastOpen then (x * 1.015) else Double.NaN;
pl1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl1.SetDefaultColor(Color.GREEN);
pl1.SetLineWeight(1);

plot pl2 = If LastOpen then x - ADR else Double.NaN...
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@number9

Ruby: 
input length = 14;
def ADR = MovingAverage(AverageType.wilders, high-low, length);

def OpenPosCount = CompoundValue(1,if GetAveragePrice()[1] <> GetAveragePrice() then OpenPosCount[1]+1 else OpenPosCount[1],0);
def LastOpen = OpenPosCount == HighestAll(OpenPosCount) and GetAveragePrice() <> 0;

plot x = if LastOpen then GetAveragePrice() else Double.NaN;
x.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
x.SetDefaultColor(Color.white);
x.SetLineWeight(1);

plot pl1 = if LastOpen then (x * 1.015) else Double.NaN;
pl1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl1.SetDefaultColor(Color.GREEN);
pl1.SetLineWeight(1);

plot pl2 = If LastOpen then x - ADR else Double.NaN;
pl2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl2.SetDefaultColor(Color.RED);
pl2.SetLineWeight(1);

def xExt = if !IsNaN(close[1]) and IsNaN(close) then x[1] else xExt[1];
plot xExtP = if xExt then xExt else Double.NaN;
xExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
xExtP.SetDefaultColor(Color.white);
xExtP.SetLineWeight(1);

def pl1Ext = if !IsNaN(close[1]) and IsNaN(close) then pl1[1] else pl1Ext[1];
plot pl1ExtP = if xExt then pl1Ext else Double.NaN;
pl1ExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl1ExtP.SetDefaultColor(Color.GREEN);
pl1ExtP.SetLineWeight(1);

def pl2Ext = if !IsNaN(close[1]) and IsNaN(close) then pl2[1] else pl2Ext[1];
plot pl2ExtP = if xExt then pl2Ext else Double.NaN;
pl2ExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl2ExtP.SetDefaultColor(Color.RED);
pl2ExtP.SetLineWeight(1);
 
Last edited:
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Svanoy said:
@number9

Ruby: 
input length = 14;
def ADR = MovingAverage(AverageType.wilders, high-low, length);

def plBuy = GetAveragePrice();
def plStraightLine = HighestAll(plBuy);
def OpenPosCount = CompoundValue(1,if GetAveragePrice()[1] <> GetAveragePrice() then OpenPosCount[1]+1 else OpenPosCount[1],0);
def LastOpen = OpenPosCount == HighestAll(OpenPosCount) and GetAveragePrice() <> 0;

plot x = if LastOpen then plStraightLine else Double.NaN;
x.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
x.SetDefaultColor(Color.white);
x.SetLineWeight(1);

plot pl1 = if LastOpen then (x * 1.015) else Double.NaN;
pl1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl1.SetDefaultColor(Color.GREEN);
pl1.SetLineWeight(1);

plot pl2 = If LastOpen then x - ADR else Double.NaN;
pl2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl2.SetDefaultColor(Color.RED);
pl2.SetLineWeight(1);

def xExt = if !IsNaN(close[1]) and IsNaN(close) then x[1] else xExt[1];
plot xExtP = if xExt then xExt else Double.NaN;
xExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
xExtP.SetDefaultColor(Color.white);
xExtP.SetLineWeight(1);

def pl1Ext = if !IsNaN(close[1]) and IsNaN(close) then pl1[1] else pl1Ext[1];
plot pl1ExtP = if xExt then pl1Ext else Double.NaN;
pl1ExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl1ExtP.SetDefaultColor(Color.GREEN);
pl1ExtP.SetLineWeight(1);

def pl2Ext = if !IsNaN(close[1]) and IsNaN(close) then pl2[1] else pl2Ext[1];
plot pl2ExtP = if xExt then pl2Ext else Double.NaN;
pl2ExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl2ExtP.SetDefaultColor(Color.RED);
pl2ExtP.SetLineWeight(1);
Click to expand...
Thank you very much! It works exactly as I wanted!
 
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Svanoy said:
@number9

Ruby: 
input length = 14;
def ADR = MovingAverage(AverageType.wilders, high-low, length);

def plBuy = GetAveragePrice();
def plStraightLine = HighestAll(plBuy);
def OpenPosCount = CompoundValue(1,if GetAveragePrice()[1] <> GetAveragePrice() then OpenPosCount[1]+1 else OpenPosCount[1],0);
def LastOpen = OpenPosCount == HighestAll(OpenPosCount) and GetAveragePrice() <> 0;

plot x = if LastOpen then plStraightLine else Double.NaN;
x.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
x.SetDefaultColor(Color.white);
x.SetLineWeight(1);

plot pl1 = if LastOpen then (x * 1.015) else Double.NaN;
pl1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl1.SetDefaultColor(Color.GREEN);
pl1.SetLineWeight(1);

plot pl2 = If LastOpen then x - ADR else Double.NaN;
pl2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl2.SetDefaultColor(Color.RED);
pl2.SetLineWeight(1);

def xExt = if !IsNaN(close[1]) and IsNaN(close) then x[1] else xExt[1];
plot xExtP = if xExt then xExt else Double.NaN;
xExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
xExtP.SetDefaultColor(Color.white);
xExtP.SetLineWeight(1);

def pl1Ext = if !IsNaN(close[1]) and IsNaN(close) then pl1[1] else pl1Ext[1];
plot pl1ExtP = if xExt then pl1Ext else Double.NaN;
pl1ExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl1ExtP.SetDefaultColor(Color.GREEN);
pl1ExtP.SetLineWeight(1);

def pl2Ext = if !IsNaN(close[1]) and IsNaN(close) then pl2[1] else pl2Ext[1];
plot pl2ExtP = if xExt then pl2Ext else Double.NaN;
pl2ExtP.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
pl2ExtP.SetDefaultColor(Color.RED);
pl2ExtP.SetLineWeight(1);
Click to expand...
I ran into a little snag with this script and was wondering if you (or anyone else) could help again, please? I just purchased KO at $58.86 for a swing trade. However, instead of the target lines plotting based on this current average price, they plotted based on a previous average price from when I purchased KO back in July. That purchase was a swing trade, as well. I liquidated those shares a couple weeks later, and therefore was holding no shares until purchasing the security again today. Any help in modifying the code so the lines will only plot based on the current average price (and not previous average prices) would be greatly appreciated. Thanks!
 
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