Need Help with Tos code writing.

soni1

New member
Hello, I need help writing a TOS code for getting some levels from low and high of day. So example would be to start with I need to take low and high of previous day. Thank I need to take a certain percentage from low and high of day to come up with targets. Example

Low of day 202.51 Buy level would be 202.51*.002, Stoploss would be 202.51*.999% Target1 would be 202.51*1.45% Target 2 would be 202.51*2%. So I should be able to Change the low price any time and new targets should be calculated based on percentages i mentioned with lines on the chart. Please help if possible. Thanks in advance!
 
Hello, I need help writing a TOS code for getting some levels from low and high of day. So example would be to start with I need to take low and high of previous day. Thank I need to take a certain percentage from low and high of day to come up with targets. Example

Low of day 202.51 Buy level would be 202.51*.002, Stoploss would be 202.51*.999% Target1 would be 202.51*1.45% Target 2 would be 202.51*2%. So I should be able to Change the low price any time and new targets should be calculated based on percentages i mentioned with lines on the chart. Please help if possible. Thanks in advance!

here is one way to draw lines, based on yesterdays low

Code:
#prev_day_levels_targets

#https://usethinkscript.com/threads/need-help-with-tos-code-writing.16990/
#Need Help with Tos code writing.
#soni1  11/7

# take low and high of previous day.
# take a certain percentage from low and high of day to come up with targets.

# example, Low of day 202.51
#  Buy level would be  low of prev day * 0.2%
#   Stoploss would be  low of prev day * 0.999%
#   Target 1 would be  low of prev day * 1.45%
#   Target 2 would be  low of prev day * 2%

#  So I should be able to Change the low price any time and new targets should be calculated based on percentages i mentioned with lines on the chart.


def na = Double.NaN;
def bn = BarNumber();
def big = 99999;

def istoday = if GetLastDay() == GetDay() then 1 else 0;
def day_last = (istoday and !istoday[-1]);
#addverticalline(day_last, "-", color.cyan);

input buy_per = 0.2;
input stop_per = -0.1;
input target1_per = 1.5;
input target2_per = 2.0;

#input agg = AggregationPeriod.DAY;
#def day_low = low(period = agg);
#def day_high = high(period = agg);

def days_back = 1;
def data_day = (getday() + days_back) == getlastday();

def day_high = if bn == 1 then 0
 else if data_day then max(high, day_high[1])
 else day_high[1];
def day_low = if bn == 1 then big
 else if data_day then min(low, day_low[1])
 else day_low[1];

def target2 = day_low[1] * (1 + (target2_per/100));
def target1 = day_low[1] * (1 + (target1_per/100));
def buy = day_low[1] * (1 + (buy_per/100));
def stop = day_low[1] * (1 + (stop_per/100));

plot zt2 = if istoday then target2 else na;
plot zt1 = if istoday then target1 else na;
plot zb = if istoday then buy else na;
plot zs = if istoday then stop else na;

zt2.SetDefaultColor(Color.light_gray);
zt2.hidebubble();
zt1.SetDefaultColor(Color.light_gray);
zt1.hidebubble();
zb.SetDefaultColor(Color.green);
zb.hidebubble();
zs.SetDefaultColor(Color.red);
zs.hidebubble();

input level_bubbles = yes;
addchartbubble(level_bubbles and day_last, target2, "Target 2  " + asdollars(target2) + "  " + round(target2_per,2) + "%", color.yellow, yes);
addchartbubble(level_bubbles and day_last, target1, "Target 1  " + asdollars(target1)  + "  " + round(target1_per,2) + "%", color.yellow, yes);
addchartbubble(level_bubbles and day_last, buy, "Buy  " + asdollars(buy)  + "  " + round(buy_per,2) + "%", color.yellow, no);
addchartbubble(level_bubbles and day_last, stop, "Stop  " + asdollars(stop)  + "  " + round(stop_per,2) + "%", color.yellow, no);

# ------------------

input test1_prev_low_level = no;
plot zlo = if test1_prev_low_level and istoday then day_low else na;
zlo.SetStyle(Curve.MEDIUM_DASH);
zlo.SetDefaultColor(Color.magenta);
# .setlineweight(1);

input test2_data_day_levels = no;
plot z1 = if test2_data_day_levels and day_high > 0 and data_day then day_high else na;
plot z2 = if test2_data_day_levels and day_low < big and data_day then day_low else na;
#

OQTjDtR.jpg
 
Initially specify the high and low of the previous day in order to develop a TOS code that will extract the low and high of the current day. After that, compute targets by multiplying these numbers by an established percentage. This method aids with setting exact trading goals.
 
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