New High Low Breakout For ThinkOrSwim

J

John Snyder

New member
In an effort to learn how to use the Thinkscript "fold" command, I wrote this indicator which measures the number of bars taken to exceed the price since it was at this same level. I freely admit that I studied other indicator code and copied and modified the work of others to create this indicator!

tTxFPai.png


Code: 
# NewHLBreakout (New High/Low Breakout) measures the number of bars taken to exceed the previous time price was at this level.

declare lower;

input LBlen = 100;  #Look back length
input Breakout = 20;

DefineGlobalColor("G0", CreateColor(0, 255, 0));  #Green
DefineGlobalColor("G1", CreateColor(0, 229, 0));  #Green
DefineGlobalColor("G2", CreateColor(0, 206, 0));  #Green
DefineGlobalColor("G3", CreateColor(0, 186, 0));  #Green
DefineGlobalColor("G4", CreateColor(0, 167, 0));  #Green
DefineGlobalColor("G5", CreateColor(0, 151, 0));  #Green
DefineGlobalColor("G6", CreateColor(0, 136, 0));  #Green
DefineGlobalColor("G7", CreateColor(0, 122, 0));  #Green
DefineGlobalColor("G8", CreateColor(0, 109, 0));  #Green
DefineGlobalColor("G9", CreateColor(0, 98, 0));  #Green

DefineGlobalColor("L0", CreateColor(128, 255, 0));  #Lime
DefineGlobalColor("L1", CreateColor(113, 224, 0));  #Lime  * 0.88
DefineGlobalColor("L2", CreateColor(99, 197, 0));  #Lime
DefineGlobalColor("L3", CreateColor(87, 174, 0));  #Lime
DefineGlobalColor("L4", CreateColor(77, 153, 0));  #Lime
DefineGlobalColor("L5", CreateColor(66, 135, 0));  #Lime
DefineGlobalColor("L6", CreateColor(59, 118, 0));  #Lime
DefineGlobalColor("L7", CreateColor(52, 104, 0));  #Lime
DefineGlobalColor("L8", CreateColor(46, 92, 0));  #Lime
DefineGlobalColor("L9", CreateColor(41, 81, 0));  #Lime

DefineGlobalColor("R0", CreateColor(255, 0, 0));  #Red
DefineGlobalColor("R1", CreateColor(224, 0, 0));  #Red
DefineGlobalColor("R2", CreateColor(197, 0, 0));  #Red
DefineGlobalColor("R3", CreateColor(174, 0, 0));  #Red
DefineGlobalColor("R4", CreateColor(153, 0, 0));  #Red
DefineGlobalColor("R5", CreateColor(135, 0, 0));  #Red
DefineGlobalColor("R6", CreateColor(118, 0, 0));  #Red
DefineGlobalColor("R7", CreateColor(104, 0, 0));  #Red
DefineGlobalColor("R8", CreateColor(92, 0, 0));  #Red
DefineGlobalColor("R9", CreateColor(81, 0, 0));  #Red

DefineGlobalColor("Pi0", CreateColor(255, 96, 128));  #Pink
DefineGlobalColor("Pi1", CreateColor(224, 84, 113));  #Pink
DefineGlobalColor("Pi2", CreateColor(197, 74, 99));  #Pink
DefineGlobalColor("Pi3", CreateColor(174, 65, 87));  #Pink
DefineGlobalColor("Pi4", CreateColor(153, 58, 77));  #Pink
DefineGlobalColor("Pi5", CreateColor(135, 51, 68));  #Pink
DefineGlobalColor("Pi6", CreateColor(118, 45, 59));  #Pink
DefineGlobalColor("Pi7", CreateColor(104, 39, 52));  #Pink
DefineGlobalColor("Pi8", CreateColor(92, 35, 46));  #Pink
DefineGlobalColor("Pi9", CreateColor(81, 30, 41));  #Pink

DefineGlobalColor("O0", CreateColor(255, 128, 0));  #Orange
DefineGlobalColor("O1", CreateColor(237, 106, 0));  #Orange  * 0.83
DefineGlobalColor("O2", CreateColor(221, 88, 0));  #Orange
DefineGlobalColor("O3", CreateColor(205, 73, 0));  #Orange
DefineGlobalColor("O4", CreateColor(191, 61, 0));  #Orange
DefineGlobalColor("O5", CreateColor(177, 50, 0));  #Orange
DefineGlobalColor("O6", CreateColor(165, 42, 0));  #Orange
DefineGlobalColor("O7", CreateColor(153, 33, 0));  #Orange
DefineGlobalColor("O8", CreateColor(143, 29, 0));  #Orange
DefineGlobalColor("O9", CreateColor(133, 24, 0));  #Orange

DefineGlobalColor("Y0", CreateColor(255, 255, 0));  #Yellow
DefineGlobalColor("Y1", CreateColor(234, 234, 0));  #Yellow *0.92
DefineGlobalColor("Y2", CreateColor(216, 216, 0));  #Yellow
DefineGlobalColor("Y3", CreateColor(198, 198, 0));  #Yellow
DefineGlobalColor("Y4", CreateColor(182, 182, 0));  #Yellow
DefineGlobalColor("Y5", CreateColor(168, 168, 0));  #Yellow
DefineGlobalColor("Y6", CreateColor(155, 155, 0));  #Yellow
DefineGlobalColor("Y7", CreateColor(142, 142, 0));  #Yellow
DefineGlobalColor("Y8", CreateColor(131, 131, 0));  #Yellow
DefineGlobalColor("Y9", CreateColor(120, 120, 0));  #Yellow

DefineGlobalColor("C0", CreateColor(0, 255, 255));  #Cyan
DefineGlobalColor("C1", CreateColor(0, 219, 219));  #Cyan *0.86
DefineGlobalColor("C2", CreateColor(0, 188, 189));  #Cyan
DefineGlobalColor("C3", CreateColor(0, 161, 162));  #Cyan
DefineGlobalColor("C4", CreateColor(0, 137, 139));  #Cyan
DefineGlobalColor("C5", CreateColor(0, 117, 119));  #Cyan
DefineGlobalColor("C6", CreateColor(0, 100, 103));  #Cyan
DefineGlobalColor("C7", CreateColor(0, 86, 89));  #Cyan
DefineGlobalColor("C8", CreateColor(0, 72, 76));  #Cyan
DefineGlobalColor("C9", CreateColor(0, 62, 66));  #Cyan

DefineGlobalColor("B0", CreateColor(0, 128, 255));  #Blue
DefineGlobalColor("B1", CreateColor(0, 117, 234));  #Blue *0.89
DefineGlobalColor("B2", CreateColor(0, 108, 216));  #Blue
DefineGlobalColor("B3", CreateColor(0, 99, 198));  #Blue
DefineGlobalColor("B4", CreateColor(0, 91, 182));  #Blue
DefineGlobalColor("B5", CreateColor(0, 84, 168));  #Blue
DefineGlobalColor("B6", CreateColor(0, 78, 155));  #Blue
DefineGlobalColor("B7", CreateColor(0, 71, 142));  #Blue
DefineGlobalColor("B8", CreateColor(0, 66, 131));  #Blue
DefineGlobalColor("B9", CreateColor(0, 60, 120));  #Blue
#DefineGlobalColor("B10", CreateColor(0, 60, 120));  #Blue

DefineGlobalColor("LP0", CreateColor(170, 149, 255));  #Light Purple
DefineGlobalColor("LP1", CreateColor(156, 137, 234));  #Light Purple *0.92
DefineGlobalColor("LP2", CreateColor(144, 126, 216));  #Light Purple
DefineGlobalColor("LP3", CreateColor(132, 116, 198));  #Light Purple
DefineGlobalColor("LP4", CreateColor(122, 107, 182));  #Light Purple
DefineGlobalColor("LP5", CreateColor(112, 98, 168));  #Light Purple
DefineGlobalColor("LP6", CreateColor(103, 90, 155));  #Light Purple
DefineGlobalColor("LP7", CreateColor(95, 83, 142));  #Light Purple
DefineGlobalColor("LP8", CreateColor(87, 76, 131));  #Light Purple
DefineGlobalColor("LP9", CreateColor(80, 70, 120));  #Light Purple

DefineGlobalColor("P0", CreateColor(128, 0, 255));  #Purple
DefineGlobalColor("P1", CreateColor(117, 0, 234));  #Purple
DefineGlobalColor("P2", CreateColor(108, 0, 216));  #Purple
DefineGlobalColor("P3", CreateColor(99, 0, 198));  #Purple
DefineGlobalColor("P4", CreateColor(91, 0, 182));  #Purple
DefineGlobalColor("P5", CreateColor(84, 0, 168));  #Purple
DefineGlobalColor("P6", CreateColor(78, 0, 155));  #Purple
DefineGlobalColor("P7", CreateColor(71, 0, 142));  #Purple
DefineGlobalColor("P8", CreateColor(66, 0, 131));  #Purple
DefineGlobalColor("P9", CreateColor(60, 0, 120));  #Purple

DefineGlobalColor("M0", CreateColor(255, 0, 255));  #Magenta
DefineGlobalColor("M1", CreateColor(224, 0, 224));  #Magenta
DefineGlobalColor("M2", CreateColor(197, 0, 197));  #Magenta
DefineGlobalColor("M3", CreateColor(174, 0, 174));  #Magenta
DefineGlobalColor("M4", CreateColor(153, 0, 153));  #Magenta
DefineGlobalColor("M5", CreateColor(135, 0, 135));  #Magenta
DefineGlobalColor("M6", CreateColor(118, 0, 118));  #Magenta
DefineGlobalColor("M7", CreateColor(104, 0, 104));  #Magenta
DefineGlobalColor("M8", CreateColor(92, 0, 92));  #Magenta
DefineGlobalColor("M9", CreateColor(81, 0, 81));  #Magenta

DefineGlobalColor("Gray", CreateColor(28, 28, 28));  #Gray

def na = Double.NaN;
def bn = BarNumber();
def lastbar = if !IsNaN(close) then bn else na;


def HH = fold i = 1 to LBlen + 1
         with p = 0
         while GetValue(high, bn - lastbar) > GetValue(high, (bn - (lastbar - i)))
         do i;

def LL = fold j = 1 to LBlen + 1
         with q = 0
         while GetValue(low, bn - lastbar) < GetValue(low, (bn - (lastbar - j)))
         do -j;

def HLsum = HH + LL;
def HLavg = TEMA(HLsum, 150);
def highestAvg = HighestAll(HLavg);
def lowestAvg = LowestAll(HLavg);
def RangeAvg = highestAvg + AbsValue(lowestAvg);
def scHLAvg = (HLavg / (RangeAvg * 0.5)) * LBlen;


plot Tr_HH = HH;
Tr_HH.AssignValueColor(Color.GREEN);
AddCloud(HH, 0, Color.GREEN);

plot Tr_LL = LL;
Tr_LL.AssignValueColor(Color.RED);
AddCloud(0, LL, Color.RED);

plot Tr_Avg = scHLAvg;
Tr_Avg.hide();
Tr_Avg.SetLineWeight(3);
Tr_Avg.AssignValueColor(
if HLSum > 0
then
    if HLavg >= HLavg[1]
    then
        if (HLavg - HLavg[1]) >= (HLavg[1] - HLavg[2])
        then GlobalColor("G0")
        else GlobalColor("G5")
    else
        if (HLavg - HLavg[1]) <= (HLavg[1] - HLavg[2])
        then GlobalColor("B0")
        else GlobalColor("B5")
else
    if HLavg <= HLavg[1]
    then
        if (HLavg - HLavg[1]) <= (HLavg[1] - HLavg[2])
        then GlobalColor("R0")
        else GlobalColor("R5")
    else
        if (HLavg - HLavg[1]) >= (HLavg[1] - HLavg[2])
        then GlobalColor("Y0")
        else GlobalColor("Y3")
);

plot UpperBO = Breakout;
UpperBO.AssignValueColor(Color.LIGHT_GRAY);

plot UpperCO = Breakout * 0.5;
UpperCO.AssignValueColor(Color.GRAY);

plot LowerBO = -Breakout;
LowerBO.AssignValueColor(Color.LIGHT_GRAY);

plot LowerCO = -Breakout * 0.5;
LowerCO.AssignValueColor(Color.GRAY);
 
Last edited by a moderator:
John Snyder said:
NewHighLowBreakout Indicator

In an effort to learn how to use the Thinkscript "fold" command, I wrote this indicator which measures the number of bars taken to exceed the price since it was at this same level. I freely admit that I studied other indicator code and copied and modified the work of others to create this indicator!

Code: 
# NewHLBreakout (New High/Low Breakout) measures the number of bars taken to exceed the previous time price was at this level.

declare lower;

input LBlen = 100;  #Look back length
input Breakout = 20;

DefineGlobalColor("G0", CreateColor(0, 255, 0));  #Green
DefineGlobalColor("G1", CreateColor(0, 229, 0));  #Green
DefineGlobalColor("G2", CreateColor(0, 206, 0));  #Green
DefineGlobalColor("G3", CreateColor(0, 186, 0));  #Green
DefineGlobalColor("G4", CreateColor(0, 167, 0));  #Green
DefineGlobalColor("G5", CreateColor(0, 151, 0));  #Green
DefineGlobalColor("G6", CreateColor(0, 136, 0));  #Green
DefineGlobalColor("G7", CreateColor(0, 122, 0));  #Green
DefineGlobalColor("G8", CreateColor(0, 109, 0));  #Green
DefineGlobalColor("G9", CreateColor(0, 98, 0));  #Green

DefineGlobalColor("L0", CreateColor(128, 255, 0));  #Lime
DefineGlobalColor("L1", CreateColor(113, 224, 0));  #Lime  * 0.88
DefineGlobalColor("L2", CreateColor(99, 197, 0));  #Lime
DefineGlobalColor("L3", CreateColor(87, 174, 0));  #Lime
DefineGlobalColor("L4", CreateColor(77, 153, 0));  #Lime
DefineGlobalColor("L5", CreateColor(66, 135, 0));  #Lime
DefineGlobalColor("L6", CreateColor(59, 118, 0));  #Lime
DefineGlobalColor("L7", CreateColor(52, 104, 0));  #Lime
DefineGlobalColor("L8", CreateColor(46, 92, 0));  #Lime
DefineGlobalColor("L9", CreateColor(41, 81, 0));  #Lime

DefineGlobalColor("R0", CreateColor(255, 0, 0));  #Red
DefineGlobalColor("R1", CreateColor(224, 0, 0));  #Red
DefineGlobalColor("R2", CreateColor(197, 0, 0));  #Red
DefineGlobalColor("R3", CreateColor(174, 0, 0));  #Red
DefineGlobalColor("R4", CreateColor(153, 0, 0));  #Red
DefineGlobalColor("R5", CreateColor(135, 0, 0));  #Red
DefineGlobalColor("R6", CreateColor(118, 0, 0));  #Red
DefineGlobalColor("R7", CreateColor(104, 0, 0));  #Red
DefineGlobalColor("R8", CreateColor(92, 0, 0));  #Red
DefineGlobalColor("R9", CreateColor(81, 0, 0));  #Red

DefineGlobalColor("Pi0", CreateColor(255, 96, 128));  #Pink
DefineGlobalColor("Pi1", CreateColor(224, 84, 113));  #Pink
DefineGlobalColor("Pi2", CreateColor(197, 74, 99));  #Pink
DefineGlobalColor("Pi3", CreateColor(174, 65, 87));  #Pink
DefineGlobalColor("Pi4", CreateColor(153, 58, 77));  #Pink
DefineGlobalColor("Pi5", CreateColor(135, 51, 68));  #Pink
DefineGlobalColor("Pi6", CreateColor(118, 45, 59));  #Pink
DefineGlobalColor("Pi7", CreateColor(104, 39, 52));  #Pink
DefineGlobalColor("Pi8", CreateColor(92, 35, 46));  #Pink
DefineGlobalColor("Pi9", CreateColor(81, 30, 41));  #Pink

DefineGlobalColor("O0", CreateColor(255, 128, 0));  #Orange
DefineGlobalColor("O1", CreateColor(237, 106, 0));  #Orange  * 0.83
DefineGlobalColor("O2", CreateColor(221, 88, 0));  #Orange
DefineGlobalColor("O3", CreateColor(205, 73, 0));  #Orange
DefineGlobalColor("O4", CreateColor(191, 61, 0));  #Orange
DefineGlobalColor("O5", CreateColor(177, 50, 0));  #Orange
DefineGlobalColor("O6", CreateColor(165, 42, 0));  #Orange
DefineGlobalColor("O7", CreateColor(153, 33, 0));  #Orange
DefineGlobalColor("O8", CreateColor(143, 29, 0));  #Orange
DefineGlobalColor("O9", CreateColor(133, 24, 0));  #Orange

DefineGlobalColor("Y0", CreateColor(255, 255, 0));  #Yellow
DefineGlobalColor("Y1", CreateColor(234, 234, 0));  #Yellow *0.92
DefineGlobalColor("Y2", CreateColor(216, 216, 0));  #Yellow
DefineGlobalColor("Y3", CreateColor(198, 198, 0));  #Yellow
DefineGlobalColor("Y4", CreateColor(182, 182, 0));  #Yellow
DefineGlobalColor("Y5", CreateColor(168, 168, 0));  #Yellow
DefineGlobalColor("Y6", CreateColor(155, 155, 0));  #Yellow
DefineGlobalColor("Y7", CreateColor(142, 142, 0));  #Yellow
DefineGlobalColor("Y8", CreateColor(131, 131, 0));  #Yellow
DefineGlobalColor("Y9", CreateColor(120, 120, 0));  #Yellow

DefineGlobalColor("C0", CreateColor(0, 255, 255));  #Cyan
DefineGlobalColor("C1", CreateColor(0, 219, 219));  #Cyan *0.86
DefineGlobalColor("C2", CreateColor(0, 188, 189));  #Cyan
DefineGlobalColor("C3", CreateColor(0, 161, 162));  #Cyan
DefineGlobalColor("C4", CreateColor(0, 137, 139));  #Cyan
DefineGlobalColor("C5", CreateColor(0, 117, 119));  #Cyan
DefineGlobalColor("C6", CreateColor(0, 100, 103));  #Cyan
DefineGlobalColor("C7", CreateColor(0, 86, 89));  #Cyan
DefineGlobalColor("C8", CreateColor(0, 72, 76));  #Cyan
DefineGlobalColor("C9", CreateColor(0, 62, 66));  #Cyan

DefineGlobalColor("B0", CreateColor(0, 128, 255));  #Blue
DefineGlobalColor("B1", CreateColor(0, 117, 234));  #Blue *0.89
DefineGlobalColor("B2", CreateColor(0, 108, 216));  #Blue
DefineGlobalColor("B3", CreateColor(0, 99, 198));  #Blue
DefineGlobalColor("B4", CreateColor(0, 91, 182));  #Blue
DefineGlobalColor("B5", CreateColor(0, 84, 168));  #Blue
DefineGlobalColor("B6", CreateColor(0, 78, 155));  #Blue
DefineGlobalColor("B7", CreateColor(0, 71, 142));  #Blue
DefineGlobalColor("B8", CreateColor(0, 66, 131));  #Blue
DefineGlobalColor("B9", CreateColor(0, 60, 120));  #Blue
#DefineGlobalColor("B10", CreateColor(0, 60, 120));  #Blue

DefineGlobalColor("LP0", CreateColor(170, 149, 255));  #Light Purple
DefineGlobalColor("LP1", CreateColor(156, 137, 234));  #Light Purple *0.92
DefineGlobalColor("LP2", CreateColor(144, 126, 216));  #Light Purple
DefineGlobalColor("LP3", CreateColor(132, 116, 198));  #Light Purple
DefineGlobalColor("LP4", CreateColor(122, 107, 182));  #Light Purple
DefineGlobalColor("LP5", CreateColor(112, 98, 168));  #Light Purple
DefineGlobalColor("LP6", CreateColor(103, 90, 155));  #Light Purple
DefineGlobalColor("LP7", CreateColor(95, 83, 142));  #Light Purple
DefineGlobalColor("LP8", CreateColor(87, 76, 131));  #Light Purple
DefineGlobalColor("LP9", CreateColor(80, 70, 120));  #Light Purple

DefineGlobalColor("P0", CreateColor(128, 0, 255));  #Purple
DefineGlobalColor("P1", CreateColor(117, 0, 234));  #Purple
DefineGlobalColor("P2", CreateColor(108, 0, 216));  #Purple
DefineGlobalColor("P3", CreateColor(99, 0, 198));  #Purple
DefineGlobalColor("P4", CreateColor(91, 0, 182));  #Purple
DefineGlobalColor("P5", CreateColor(84, 0, 168));  #Purple
DefineGlobalColor("P6", CreateColor(78, 0, 155));  #Purple
DefineGlobalColor("P7", CreateColor(71, 0, 142));  #Purple
DefineGlobalColor("P8", CreateColor(66, 0, 131));  #Purple
DefineGlobalColor("P9", CreateColor(60, 0, 120));  #Purple

DefineGlobalColor("M0", CreateColor(255, 0, 255));  #Magenta
DefineGlobalColor("M1", CreateColor(224, 0, 224));  #Magenta
DefineGlobalColor("M2", CreateColor(197, 0, 197));  #Magenta
DefineGlobalColor("M3", CreateColor(174, 0, 174));  #Magenta
DefineGlobalColor("M4", CreateColor(153, 0, 153));  #Magenta
DefineGlobalColor("M5", CreateColor(135, 0, 135));  #Magenta
DefineGlobalColor("M6", CreateColor(118, 0, 118));  #Magenta
DefineGlobalColor("M7", CreateColor(104, 0, 104));  #Magenta
DefineGlobalColor("M8", CreateColor(92, 0, 92));  #Magenta
DefineGlobalColor("M9", CreateColor(81, 0, 81));  #Magenta

DefineGlobalColor("Gray", CreateColor(28, 28, 28));  #Gray

def na = Double.NaN;
def bn = BarNumber();
def lastbar = if !IsNaN(close) then bn else na;


def HH = fold i = 1 to LBlen + 1
         with p = 0
         while GetValue(high, bn - lastbar) > GetValue(high, (bn - (lastbar - i)))
         do i;

def LL = fold j = 1 to LBlen + 1
         with q = 0
         while GetValue(low, bn - lastbar) < GetValue(low, (bn - (lastbar - j)))
         do -j;

def HLsum = HH + LL;
def HLavg = TEMA(HLsum, 150);
def highestAvg = HighestAll(HLavg);
def lowestAvg = LowestAll(HLavg);
def RangeAvg = highestAvg + AbsValue(lowestAvg);
def scHLAvg = (HLavg / (RangeAvg * 0.5)) * LBlen;


plot Tr_HH = HH;
Tr_HH.AssignValueColor(Color.GREEN);
AddCloud(HH, 0, Color.GREEN);

plot Tr_LL = LL;
Tr_LL.AssignValueColor(Color.RED);
AddCloud(0, LL, Color.RED);

plot Tr_Avg = scHLAvg;
Tr_Avg.hide();
Tr_Avg.SetLineWeight(3);
Tr_Avg.AssignValueColor(
if HLSum > 0
then
    if HLavg >= HLavg[1]
    then
        if (HLavg - HLavg[1]) >= (HLavg[1] - HLavg[2])
        then GlobalColor("G0")
        else GlobalColor("G5")
    else
        if (HLavg - HLavg[1]) <= (HLavg[1] - HLavg[2])
        then GlobalColor("B0")
        else GlobalColor("B5")
else
    if HLavg <= HLavg[1]
    then
        if (HLavg - HLavg[1]) <= (HLavg[1] - HLavg[2])
        then GlobalColor("R0")
        else GlobalColor("R5")
    else
        if (HLavg - HLavg[1]) >= (HLavg[1] - HLavg[2])
        then GlobalColor("Y0")
        else GlobalColor("Y3")
);

plot UpperBO = Breakout;
UpperBO.AssignValueColor(Color.LIGHT_GRAY);

plot UpperCO = Breakout * 0.5;
UpperCO.AssignValueColor(Color.GRAY);

plot LowerBO = -Breakout;
LowerBO.AssignValueColor(Color.LIGHT_GRAY);

plot LowerCO = -Breakout * 0.5;
LowerCO.AssignValueColor(Color.GRAY);
Click to expand...
Can you clarify how you use this?
 
lmk99 said:
Can you clarify how you use this?
Click to expand...
Good question!! As I said, I wrote this as an exercise in an effort to figure out how to use the "fold" command. However ... I know there are some individuals who trade using breakouts ... and with this you can easily determine when you have reached a 20 day high or low, or 50 day, or whatever you select. In some ways it would provide information similar to what one would obtain drawing support and resistance lines.
 
John Snyder said:
In an effort to learn how to use the Thinkscript "fold" command, I wrote this indicator which measures the number of bars taken to exceed the price since it was at this same level. I freely admit that I studied other indicator code and copied and modified the work of others to create this indicator!
Code: 
# NewHLBreakout (New High/Low Breakout) measures the number of bars taken to exceed the previous time price was at this level.

declare lower;

input LBlen = 100;  #Look back length
input Breakout = 20;

DefineGlobalColor("G0", CreateColor(0, 255, 0));  #Green
DefineGlobalColor("G1", CreateColor(0, 229, 0));  #Green
DefineGlobalColor("G2", CreateColor(0, 206, 0));  #Green
DefineGlobalColor("G3", CreateColor(0, 186, 0));  #Green
DefineGlobalColor("G4", CreateColor(0, 167, 0));  #Green
DefineGlobalColor("G5", CreateColor(0, 151, 0));  #Green
DefineGlobalColor("G6", CreateColor(0, 136, 0));  #Green
DefineGlobalColor("G7", CreateColor(0, 122, 0));  #Green
DefineGlobalColor("G8", CreateColor(0, 109, 0));  #Green
DefineGlobalColor("G9", CreateColor(0, 98, 0));  #Green

DefineGlobalColor("L0", CreateColor(128, 255, 0));  #Lime
DefineGlobalColor("L1", CreateColor(113, 224, 0));  #Lime  * 0.88
DefineGlobalColor("L2", CreateColor(99, 197, 0));  #Lime
DefineGlobalColor("L3", CreateColor(87, 174, 0));  #Lime
DefineGlobalColor("L4", CreateColor(77, 153, 0));  #Lime
DefineGlobalColor("L5", CreateColor(66, 135, 0));  #Lime
DefineGlobalColor("L6", CreateColor(59, 118, 0));  #Lime
DefineGlobalColor("L7", CreateColor(52, 104, 0));  #Lime
DefineGlobalColor("L8", CreateColor(46, 92, 0));  #Lime
DefineGlobalColor("L9", CreateColor(41, 81, 0));  #Lime

DefineGlobalColor("R0", CreateColor(255, 0, 0));  #Red
DefineGlobalColor("R1", CreateColor(224, 0, 0));  #Red
DefineGlobalColor("R2", CreateColor(197, 0, 0));  #Red
DefineGlobalColor("R3", CreateColor(174, 0, 0));  #Red
DefineGlobalColor("R4", CreateColor(153, 0, 0));  #Red
DefineGlobalColor("R5", CreateColor(135, 0, 0));  #Red
DefineGlobalColor("R6", CreateColor(118, 0, 0));  #Red
DefineGlobalColor("R7", CreateColor(104, 0, 0));  #Red
DefineGlobalColor("R8", CreateColor(92, 0, 0));  #Red
DefineGlobalColor("R9", CreateColor(81, 0, 0));  #Red

DefineGlobalColor("Pi0", CreateColor(255, 96, 128));  #Pink
DefineGlobalColor("Pi1", CreateColor(224, 84, 113));  #Pink
DefineGlobalColor("Pi2", CreateColor(197, 74, 99));  #Pink
DefineGlobalColor("Pi3", CreateColor(174, 65, 87));  #Pink
DefineGlobalColor("Pi4", CreateColor(153, 58, 77));  #Pink
DefineGlobalColor("Pi5", CreateColor(135, 51, 68));  #Pink
DefineGlobalColor("Pi6", CreateColor(118, 45, 59));  #Pink
DefineGlobalColor("Pi7", CreateColor(104, 39, 52));  #Pink
DefineGlobalColor("Pi8", CreateColor(92, 35, 46));  #Pink
DefineGlobalColor("Pi9", CreateColor(81, 30, 41));  #Pink

DefineGlobalColor("O0", CreateColor(255, 128, 0));  #Orange
DefineGlobalColor("O1", CreateColor(237, 106, 0));  #Orange  * 0.83
DefineGlobalColor("O2", CreateColor(221, 88, 0));  #Orange
DefineGlobalColor("O3", CreateColor(205, 73, 0));  #Orange
DefineGlobalColor("O4", CreateColor(191, 61, 0));  #Orange
DefineGlobalColor("O5", CreateColor(177, 50, 0));  #Orange
DefineGlobalColor("O6", CreateColor(165, 42, 0));  #Orange
DefineGlobalColor("O7", CreateColor(153, 33, 0));  #Orange
DefineGlobalColor("O8", CreateColor(143, 29, 0));  #Orange
DefineGlobalColor("O9", CreateColor(133, 24, 0));  #Orange

DefineGlobalColor("Y0", CreateColor(255, 255, 0));  #Yellow
DefineGlobalColor("Y1", CreateColor(234, 234, 0));  #Yellow *0.92
DefineGlobalColor("Y2", CreateColor(216, 216, 0));  #Yellow
DefineGlobalColor("Y3", CreateColor(198, 198, 0));  #Yellow
DefineGlobalColor("Y4", CreateColor(182, 182, 0));  #Yellow
DefineGlobalColor("Y5", CreateColor(168, 168, 0));  #Yellow
DefineGlobalColor("Y6", CreateColor(155, 155, 0));  #Yellow
DefineGlobalColor("Y7", CreateColor(142, 142, 0));  #Yellow
DefineGlobalColor("Y8", CreateColor(131, 131, 0));  #Yellow
DefineGlobalColor("Y9", CreateColor(120, 120, 0));  #Yellow

DefineGlobalColor("C0", CreateColor(0, 255, 255));  #Cyan
DefineGlobalColor("C1", CreateColor(0, 219, 219));  #Cyan *0.86
DefineGlobalColor("C2", CreateColor(0, 188, 189));  #Cyan
DefineGlobalColor("C3", CreateColor(0, 161, 162));  #Cyan
DefineGlobalColor("C4", CreateColor(0, 137, 139));  #Cyan
DefineGlobalColor("C5", CreateColor(0, 117, 119));  #Cyan
DefineGlobalColor("C6", CreateColor(0, 100, 103));  #Cyan
DefineGlobalColor("C7", CreateColor(0, 86, 89));  #Cyan
DefineGlobalColor("C8", CreateColor(0, 72, 76));  #Cyan
DefineGlobalColor("C9", CreateColor(0, 62, 66));  #Cyan

DefineGlobalColor("B0", CreateColor(0, 128, 255));  #Blue
DefineGlobalColor("B1", CreateColor(0, 117, 234));  #Blue *0.89
DefineGlobalColor("B2", CreateColor(0, 108, 216));  #Blue
DefineGlobalColor("B3", CreateColor(0, 99, 198));  #Blue
DefineGlobalColor("B4", CreateColor(0, 91, 182));  #Blue
DefineGlobalColor("B5", CreateColor(0, 84, 168));  #Blue
DefineGlobalColor("B6", CreateColor(0, 78, 155));  #Blue
DefineGlobalColor("B7", CreateColor(0, 71, 142));  #Blue
DefineGlobalColor("B8", CreateColor(0, 66, 131));  #Blue
DefineGlobalColor("B9", CreateColor(0, 60, 120));  #Blue
#DefineGlobalColor("B10", CreateColor(0, 60, 120));  #Blue

DefineGlobalColor("LP0", CreateColor(170, 149, 255));  #Light Purple
DefineGlobalColor("LP1", CreateColor(156, 137, 234));  #Light Purple *0.92
DefineGlobalColor("LP2", CreateColor(144, 126, 216));  #Light Purple
DefineGlobalColor("LP3", CreateColor(132, 116, 198));  #Light Purple
DefineGlobalColor("LP4", CreateColor(122, 107, 182));  #Light Purple
DefineGlobalColor("LP5", CreateColor(112, 98, 168));  #Light Purple
DefineGlobalColor("LP6", CreateColor(103, 90, 155));  #Light Purple
DefineGlobalColor("LP7", CreateColor(95, 83, 142));  #Light Purple
DefineGlobalColor("LP8", CreateColor(87, 76, 131));  #Light Purple
DefineGlobalColor("LP9", CreateColor(80, 70, 120));  #Light Purple

DefineGlobalColor("P0", CreateColor(128, 0, 255));  #Purple
DefineGlobalColor("P1", CreateColor(117, 0, 234));  #Purple
DefineGlobalColor("P2", CreateColor(108, 0, 216));  #Purple
DefineGlobalColor("P3", CreateColor(99, 0, 198));  #Purple
DefineGlobalColor("P4", CreateColor(91, 0, 182));  #Purple
DefineGlobalColor("P5", CreateColor(84, 0, 168));  #Purple
DefineGlobalColor("P6", CreateColor(78, 0, 155));  #Purple
DefineGlobalColor("P7", CreateColor(71, 0, 142));  #Purple
DefineGlobalColor("P8", CreateColor(66, 0, 131));  #Purple
DefineGlobalColor("P9", CreateColor(60, 0, 120));  #Purple

DefineGlobalColor("M0", CreateColor(255, 0, 255));  #Magenta
DefineGlobalColor("M1", CreateColor(224, 0, 224));  #Magenta
DefineGlobalColor("M2", CreateColor(197, 0, 197));  #Magenta
DefineGlobalColor("M3", CreateColor(174, 0, 174));  #Magenta
DefineGlobalColor("M4", CreateColor(153, 0, 153));  #Magenta
DefineGlobalColor("M5", CreateColor(135, 0, 135));  #Magenta
DefineGlobalColor("M6", CreateColor(118, 0, 118));  #Magenta
DefineGlobalColor("M7", CreateColor(104, 0, 104));  #Magenta
DefineGlobalColor("M8", CreateColor(92, 0, 92));  #Magenta
DefineGlobalColor("M9", CreateColor(81, 0, 81));  #Magenta

DefineGlobalColor("Gray", CreateColor(28, 28, 28));  #Gray

def na = Double.NaN;
def bn = BarNumber();
def lastbar = if !IsNaN(close) then bn else na;


def HH = fold i = 1 to LBlen + 1
         with p = 0
         while GetValue(high, bn - lastbar) > GetValue(high, (bn - (lastbar - i)))
         do i;

def LL = fold j = 1 to LBlen + 1
         with q = 0
         while GetValue(low, bn - lastbar) < GetValue(low, (bn - (lastbar - j)))
         do -j;

def HLsum = HH + LL;
def HLavg = TEMA(HLsum, 150);
def highestAvg = HighestAll(HLavg);
def lowestAvg = LowestAll(HLavg);
def RangeAvg = highestAvg + AbsValue(lowestAvg);
def scHLAvg = (HLavg / (RangeAvg * 0.5)) * LBlen;


plot Tr_HH = HH;
Tr_HH.AssignValueColor(Color.GREEN);
AddCloud(HH, 0, Color.GREEN);

plot Tr_LL = LL;
Tr_LL.AssignValueColor(Color.RED);
AddCloud(0, LL, Color.RED);

plot Tr_Avg = scHLAvg;
Tr_Avg.hide();
Tr_Avg.SetLineWeight(3);
Tr_Avg.AssignValueColor(
if HLSum > 0
then
    if HLavg >= HLavg[1]
    then
        if (HLavg - HLavg[1]) >= (HLavg[1] - HLavg[2])
        then GlobalColor("G0")
        else GlobalColor("G5")
    else
        if (HLavg - HLavg[1]) <= (HLavg[1] - HLavg[2])
        then GlobalColor("B0")
        else GlobalColor("B5")
else
    if HLavg <= HLavg[1]
    then
        if (HLavg - HLavg[1]) <= (HLavg[1] - HLavg[2])
        then GlobalColor("R0")
        else GlobalColor("R5")
    else
        if (HLavg - HLavg[1]) >= (HLavg[1] - HLavg[2])
        then GlobalColor("Y0")
        else GlobalColor("Y3")
);

plot UpperBO = Breakout;
UpperBO.AssignValueColor(Color.LIGHT_GRAY);

plot UpperCO = Breakout * 0.5;
UpperCO.AssignValueColor(Color.GRAY);

plot LowerBO = -Breakout;
LowerBO.AssignValueColor(Color.LIGHT_GRAY);

plot LowerCO = -Breakout * 0.5;
LowerCO.AssignValueColor(Color.GRAY);
Click to expand...


congrats on writing a working fold code. fold can be a confusing function to learn. (took me awhile)


i was looking at your fold formulas and was wondering what the values would be for the offsets.
the , bn - lastbar , in the getvalue,
GetValue(high, bn - lastbar)

at first , it seems like the offset would be negative and point to some future bar.
current barnumber minus the last barnumber.

then i noticed the lastbar formula doesn't include highestall().
it is just the current barnumber.
so lastbar will not be the highest barnumber on the chart.

so bn - lastbar , will always be (current bn - current bn) , which will always be 0.

so the equivelent code line to this,
while GetValue(high, bn - lastbar) > GetValue(high, (bn - (lastbar - i)))

will be,
while GetValue(high, 0) > GetValue(high, - i)

or,
while high > GetValue(high, - i)

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

i wrote this to test the offsets,


Code: 
# test_neg_offsets_00

#https://usethinkscript.com/threads/new-high-low-breakout-for-thinkorswim.15142/

def na = Double.NaN;
def bn = BarNumber();
def lastbar = if !IsNaN(close) then bn else na;


#def HH = fold i = 1 to LBlen + 1
#         with p = 0
#         while GetValue(high, bn - lastbar) > GetValue(high, (bn - (lastbar - i)))
#         do i;

#def LL = fold j = 1 to LBlen + 1
#         with q = 0
#         while GetValue(low, bn - lastbar) < GetValue(low, (bn - (lastbar - j)))
#         do -j;

plot z = 0;
addchartbubble(1, low,
 bn + "  bn\n" +
 lastbar + "  last\n" +
 (bn - lastbar) + "  b - l"
, color.yellow, no);
#

test bubble, that shows bn is the same as lastbar
nDCSiZO.jpg
 
Yes, I know. That was code that I simply copied from another indicator. I assume the author had a reason for doing it that way, but I never took the time to try to understand exactly why doing it that way might be necessary.
 
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