MoneyFlowIndex -- DMI_StochasticExtreme Comparison For ThinkOrSwim

gate122

New member
Does anyone know how I can set custom scanner conditions based on two different indicator's plot value to either equal or have difference of less than 5?

For example:
MoneyFlowIndex (plot MoneyFlowIndex) has a value of 28.69
DMI_StochasticExtreme (plot Stoch) has a value of 25.35
Difference is 3.34, which is less than 5 and would come up on the scan.
Aggregation is Daily

MoneyFlowIndex (plot MoneyFlowIndex) has a value of 73.00
DMI_StochasticExtreme (plot Stoch) has a value of 73.00
Difference is 0, which is less than 5 and would come up on the scan.
Aggregation is Daily

MoneyFlowIndex (plot MoneyFlowIndex) has a value of 80.69
DMI_StochasticExtreme (plot Stoch) has a value of 98.83
Difference is 18.14, which is more than 5 and would not come up on the scan.
Aggregation is Daily

Appreciate the help.
 
Solution
MoneyFlowIndex -- DMI_StochasticExtreme Comparison For ThinkOrSwim
@gate122 what does this comparison tell us?

Shared Link: http://tos.mx/UzyjSwt Click here for --> Easiest way to load shared links
NHiPx9F.png

Ruby:
def MFI       = MoneyFlowIndex()."MoneyFlowIndex" ;
def DMI_Stoch = DMI_StochasticExtreme()."Stoch" ;
plot diff     = AbsValue(MFI - DMI_Stoch) < 5;

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MoneyFlowIndex -- DMI_StochasticExtreme Comparison For ThinkOrSwim
@gate122 what does this comparison tell us?

Shared Link: http://tos.mx/UzyjSwt Click here for --> Easiest way to load shared links
NHiPx9F.png

Ruby:
def MFI       = MoneyFlowIndex()."MoneyFlowIndex" ;
def DMI_Stoch = DMI_StochasticExtreme()."Stoch" ;
plot diff     = AbsValue(MFI - DMI_Stoch) < 5;
Appreciate the code. I am not sure yet. Still testing. Trying to see if there is a pattern. I'll definitely report back once it is confirmed.
 

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