MTF Moving Average Labels

[tgiasson]

Looking for a label to show the percent the price is from its moving average and to do so on a specific time frame. For example, would like to have a label to show % price is from 21 ema on a 30 min chart on its own label. And to be able to take that label on different time frame charts without it being affected by the different time frame chart or ema's on that chart. The label would only show the ema and time frame it's calculating against. Would like to be able to change the time frame and ema in the label's parameters, ex. instead of 21 on 30min have another label for 8ema on daily. Hope I explained this well.

 

[tgiasson]

Looking for a label to show the percent the price is from its moving average and to do so on a specific time frame. For example, would like to have a label to show % price is from 21 ema on a 30 min chart on its own label. And to be able to take that label on different time frame charts without it being affected by the different time frame chart or ema's on that chart. The label would only show the ema and time frame it's calculating against. Would like to be able to change the time frame and ema in the label's parameters, ex. instead of 21 on 30min have another label for 8ema on daily. Hope I explained this well.

Was anyone able to help?

 

[Mr_Wheeler]

I got the study for you. I was in the process of adding a feature to it. I'm trying to add alert if there's a 10 percent drop from a peak on the 9 & 50 moving day averages.

https://tos.mx/TSjuHLE

# avgs_per_diff_00

declare lower;

input avg1Type = Averagetype.simple;
input avg2type = Averagetype.simple;
input Avg1Length = 10;
input Avg2Length = 20;

def avg1 = MovingAverage(avg1Type, close, avg1Length);
def avg2 = MovingAverage(avg2Type, close, avg2Length);
def avgup = (avg1 > avg2);

#def AvgPercent = MovingAverage(avg1Type, close, avg1Length)-MovingAverage(avg2Type, close, avg2Length);
# plot percentDiff = (absValue(avgPercent)/movingaverage(avg1type,close,avg1length)) *100;

def Avg12diff = avg1 - avg2;

plot percentDiff = (absValue(avg12diff)/avg1) *100;
percentDiff.DefineColor("Up", color.green);
percentDiff.DefineColor("Down", color.red);
percentDiff.AssignValueColor(if avgup then percentDiff.color("up") else percentDiff.color("down"));

plot ZeroLine = 0;

 

[serendipity2020]

I would like to add below label in ToS on daily timeframe:

1 Hour: Bullish

This would show up as Bullish if below condition is met

close > ema200

Is this even possible on ToS because I noticed ToS allows only higher time frame calculations from current timeframe?

I noticed Tradingview displays it nicely on Daily timeframe but would love to know if its possible on ToS daily timeframe.

If its not possible, how do I even show it on higher up timeframes only because it keeps giving that error saying I need higher time frame even when I'm comparing timeframes by taking aggreegation and matching it with current period?

Thanks

 

[MerryDay]

The ToS platform allows us to plot higher timeframe data on a lower time frame.
For example 1hr data on a 15min chart.

It is not possible to plot lower timeframe data on a higher chart such as 1hr on a Daily chart.
FYI, the standard for moving average cross is to use two averages. Choosing the close of a single bar is arbitrary. A short average provides better results.

# ########################################
# MTF Moving Average Label @MerryDay 1/2023
input LongLength = 200;
input ShortLength = 9;
input LongType = Averagetype.simple;
input ShortType = Averagetype.eXPONENTIAL;
input agg     = AggregationPeriod.hour;
def aggPrice = Close(Period =agg);
def LongAvg =  MovingAverage(Averagetype.simple, aggPrice, LongLength);  # higher timeframe
def ShortAvg = MovingAverage(Averagetype.eXPONENTIAL, close, ShortLength);  # current chart timeframe

# #########################################
# Charting & Formatting
DefineGlobalColor("LabelGreen",  CreateColor(0, 165, 0)) ;

plot pLongAvg = LongAvg ;
       pLongAvg.SetDefaultColor(color.blue);

plot pShortAvg = ShortAvg ;
       pShortAvg.SetDefaultColor(color.pink);

AddCloud(ShortAvg, LongAvg, color.green, color.pink);
AddLabel(ShortAvg>=LongAvg, "Bullish", GlobalColor("LabelGreen"));

FYI, using an MTF indicator limits the usefulness of your script.

Studies that have secondary aggregations cannot be used in Scans, Watchlists, Chart Alerts, Conditional Orders.
They can only be used to make plots on a chart.

As an alternate to using MTF indicators in your scripts is to vary the lengths to approximate the results of your MTF indicators.
You can try:
On a daily chart a 50 SMA would equal a 10 SMA on a weekly chart
On a 1 Min Chart a 50 SMA would equal a 10 SMA on a 5 Min Chart
On a 1 Min Chart a 300 SMA would equal a 10 SMA on a Hourly Chart
On a 1 Min Chart a 1950 SMA would equal a 10 SMA on a Daily Chart