Need help plotting horizontal lines in place of coloring candles.

METAL

Well-known member
Plus
I would like to have the buy stop and sell stop plot a horizontal line intead of painting candles. Maybe have input option that give the option to use one or the other or both.
Code:
#
# TD Ameritrade IP Company, Inc. (c) 2020-2022
#

input length = 3;

def HAclose   =  (open + high + low + close) / 4;
def HAopen    = CompoundValue( 1, ( HAopen[1] + HAclose[1] ) / 2, HAclose );
def HAhigh    = Max( high, Max( HAopen, HAclose ) );
def HAlow     = Min( low, Min( HAopen, HAclose ) );

def maHigh = Average(HAhigh, length);
def maLow = Average(HAlow, length);
def state = {default init, short, long};
if (HAclose > maHigh) {
    state = state.long;
} else if (HAclose < maLow) {
    state = state.short;
} else {
    state = state[1];
}

plot BuyStop = if state == state.short or state != state[1] then maHigh else Double.NaN;
plot SellStop = if state == state.long or state != state[1] then maLow else Double.NaN;

BuyStop.SetDefaultColor(GetColor(0));
SellStop.SetDefaultColor(GetColor(1));

AssignPriceColor(if State == State.Long then SellStop.takevalueColor() else BuyStop.takevalueColor());

BuyStop.SetDefaultColor(GetColor(0));
SellStop.SetDefaultColor(GetColor(1));
 
Solution
Thank You. This is close but I would like for the Horizontal stop lines to start where the original pink and cyan lines started. It looks as though they start at the top/bottom of previous candle? I looked in the code and I could not determine how this was coded. I think it is the [1] but you added that to your portion. Is there a way to make the stops customizable? some way to add a value in order to achieve the offset one would like.


sorry about that first version, i rushed it and didn't use the correct price level.

here is an updated version, that has the horizontal lines starting where the curve lines start.

Code:
# trailstop_ha_signals_01...
I would like to have the buy stop and sell stop plot a horizontal line intead of painting candles. Maybe have input option that give the option to use one or the other or both.
Code:
#
# TD Ameritrade IP Company, Inc. (c) 2020-2022
#

input length = 3;

def HAclose   =  (open + high + low + close) / 4;
def HAopen    = CompoundValue( 1, ( HAopen[1] + HAclose[1] ) / 2, HAclose );
def HAhigh    = Max( high, Max( HAopen, HAclose ) );
def HAlow     = Min( low, Min( HAopen, HAclose ) );

def maHigh = Average(HAhigh, length);
def maLow = Average(HAlow, length);
def state = {default init, short, long};
if (HAclose > maHigh) {
    state = state.long;
} else if (HAclose < maLow) {
    state = state.short;
} else {
    state = state[1];
}

plot BuyStop = if state == state.short or state != state[1] then maHigh else Double.NaN;
plot SellStop = if state == state.long or state != state[1] then maLow else Double.NaN;

BuyStop.SetDefaultColor(GetColor(0));
SellStop.SetDefaultColor(GetColor(1));

AssignPriceColor(if State == State.Long then SellStop.takevalueColor() else BuyStop.takevalueColor());

BuyStop.SetDefaultColor(GetColor(0));
SellStop.SetDefaultColor(GetColor(1));

EDIT - this version doesn't draw the horizontal line at the desired HA price level

see post #4 below


--------------------------------

you didn't specify when and where you wanted horizontal lines, so i guessed, to start when the stop lines change colors.
i set the default price as the bar open as the start of the line. can be changed.
can turn bar color on/off.


Code:
# horz_lines_at_signals

#https://usethinkscript.com/threads/need-help-plotting-horizontal-lines-in-place-of-coloring-candles.14985/
#Need help plotting horizontal lines in place of coloring candles.

def na = double.nan;
def bn = barnumber();
# TD Ameritrade IP Company, Inc. (c) 2020-2022

input length = 3;

def HAclose   =  (open + high + low + close) / 4;
def HAopen    = CompoundValue( 1, ( HAopen[1] + HAclose[1] ) / 2, HAclose );
def HAhigh    = Max( high, Max( HAopen, HAclose ) );
def HAlow     = Min( low, Min( HAopen, HAclose ) );

def maHigh = Average(HAhigh, length);
def maLow = Average(HAlow, length);
def state = {default init, short, long};
if (HAclose > maHigh) {
    state = state.long;
} else if (HAclose < maLow) {
    state = state.short;
} else {
    state = state[1];
}


input plot_stop_lines = yes;
input stop_horz_lines = yes;
input stop_horz_price_level = open;
input color_price_bars = yes;


plot BuyStop = if (plot_stop_lines and (state == state.short or state != state[1])) then maHigh else Double.NaN;
plot SellStop = if (plot_stop_lines and (state == state.long or state != state[1])) then maLow else Double.NaN;
BuyStop.SetDefaultColor(GetColor(0));
SellStop.SetDefaultColor(GetColor(1));


def horzline = if !stop_horz_lines then na
 else if state != state[1] then  stop_horz_price_level 
 else horzline[1];
# else if State == State.Long and State{1] != State.Long then stop_horz_price_level 
# else if State == State.Long and State{1] != State.Long then stop_horz_price_level 

plot zhorz = horzline;
zhorz.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
zhorz.AssignValueColor(if State == State.Long then SellStop.takevalueColor() else BuyStop.takevalueColor());


AssignPriceColor(if !color_price_bars then color.current else if State == State.Long then SellStop.takevalueColor() else BuyStop.takevalueColor() );

#

00fM6MU.jpg
 
Last edited:
you didn't specify when and where you wanted horizontal lines, so i guessed, to start when the stop lines change colors.
i set the default price as the bar open as the start of the line. can be changed.
can turn bar color on/off.


Code:
# horz_lines_at_signals

#https://usethinkscript.com/threads/need-help-plotting-horizontal-lines-in-place-of-coloring-candles.14985/
#Need help plotting horizontal lines in place of coloring candles.

def na = double.nan;
def bn = barnumber();
# TD Ameritrade IP Company, Inc. (c) 2020-2022

input length = 3;

def HAclose   =  (open + high + low + close) / 4;
def HAopen    = CompoundValue( 1, ( HAopen[1] + HAclose[1] ) / 2, HAclose );
def HAhigh    = Max( high, Max( HAopen, HAclose ) );
def HAlow     = Min( low, Min( HAopen, HAclose ) );

def maHigh = Average(HAhigh, length);
def maLow = Average(HAlow, length);
def state = {default init, short, long};
if (HAclose > maHigh) {
    state = state.long;
} else if (HAclose < maLow) {
    state = state.short;
} else {
    state = state[1];
}


input plot_stop_lines = yes;
input stop_horz_lines = yes;
input stop_horz_price_level = open;
input color_price_bars = yes;


plot BuyStop = if (plot_stop_lines and (state == state.short or state != state[1])) then maHigh else Double.NaN;
plot SellStop = if (plot_stop_lines and (state == state.long or state != state[1])) then maLow else Double.NaN;
BuyStop.SetDefaultColor(GetColor(0));
SellStop.SetDefaultColor(GetColor(1));


def horzline = if !stop_horz_lines then na
 else if state != state[1] then  stop_horz_price_level
 else horzline[1];
# else if State == State.Long and State{1] != State.Long then stop_horz_price_level
# else if State == State.Long and State{1] != State.Long then stop_horz_price_level

plot zhorz = horzline;
zhorz.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
zhorz.AssignValueColor(if State == State.Long then SellStop.takevalueColor() else BuyStop.takevalueColor());


AssignPriceColor(if !color_price_bars then color.current else if State == State.Long then SellStop.takevalueColor() else BuyStop.takevalueColor() );

#

00fM6MU.jpg
Thank You. This is close but I would like for the Horizontal stop lines to start where the original pink and cyan lines started. It looks as though they start at the top/bottom of previous candle? I looked in the code and I could not determine how this was coded. I think it is the [1] but you added that to your portion. Is there a way to make the stops customizable? some way to add a value in order to achieve the offset one would like.
 
Last edited:
Thank You. This is close but I would like for the Horizontal stop lines to start where the original pink and cyan lines started. It looks as though they start at the top/bottom of previous candle? I looked in the code and I could not determine how this was coded. I think it is the [1] but you added that to your portion. Is there a way to make the stops customizable? some way to add a value in order to achieve the offset one would like.


sorry about that first version, i rushed it and didn't use the correct price level.

here is an updated version, that has the horizontal lines starting where the curve lines start.

Code:
# trailstop_ha_signals_01

#https://usethinkscript.com/threads/need-help-plotting-horizontal-lines-in-place-of-coloring-candles.14985/
#Indicator Forums Questions 
#Need help plotting horizontal lines in place of coloring candles.
#METAL  4/10

#I would like to have the buy stop and sell stop plot a horizontal line intead of painting candles. Maybe have input option that give the option to use one or the other or both.

def na = double.nan;
def bn = barnumber();
# TD Ameritrade IP Company, Inc. (c) 2020-2022

input length = 3;

def HAclose   =  (open + high + low + close) / 4;
def HAopen    = CompoundValue( 1, ( HAopen[1] + HAclose[1] ) / 2, HAclose );
def HAhigh    = Max( high, Max( HAopen, HAclose ) );
def HAlow     = Min( low, Min( HAopen, HAclose ) );

def maHigh = Average(HAhigh, length);
def maLow = Average(HAlow, length);
def state = {default init, short, long};
if (HAclose > maHigh) {
    state = state.long;
} else if (HAclose < maLow) {
    state = state.short;
} else {
    state = state[1];
}


input stop_lines = yes;
input stop_horz_lines = yes;
input color_price_bars = yes;


def BuyStop = if (state == state.short or state != state[1]) then maHigh else Double.NaN;
def SellStop = if (state == state.long or state != state[1]) then maLow else Double.NaN;
plot buystop2 = if stop_lines then buystop else na;
plot sellstop2 = if stop_lines then sellstop else na;
BuyStop2.SetDefaultColor(GetColor(0));
SellStop2.SetDefaultColor(GetColor(1));

def horzline = if isnan(BuyStop[1]) and !isnan(BuyStop) then buystop
 else if isnan(SellStop[1]) and !isnan(SellStop) then SellStop
 else horzline[1];

plot zhorz = if !stop_horz_lines or isnan(close) then na else horzline;
zhorz.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
zhorz.AssignValueColor(if State == State.Long then SellStop2.takevalueColor() else BuyStop2.takevalueColor());

AssignPriceColor(if !color_price_bars then color.current else if State == State.Long then SellStop2.takevalueColor() else BuyStop2.takevalueColor() );

#

kZCEfHB.jpg
 
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