One study impact color on separate study?

apbreaux · Nov 9, 2023

I'm utilizing the following two studies on a single time frame's chart. I'm wondering if the first study can influence the colored line of the second study? If so, how do I accomplish that? More specifically, when the cloud from the first study is green, for example, can I make it so the line of second study stays green despite a pullback (where it would normally turn red) in the chart; and only change to red when the green cloud disappears? Many thanks.

First Study:

Code:

#AAAStudyMyedits#

input ATRLength = 2;
input ATRMultiplier = 1;
input ShowLabels = yes;
input UseClose = no;
input HighlightState = yes;
input Alerts = yes;

def atr = ATRMultiplier * ATR(ATRLength);

def longStop = (if UseClose then Highest(close, ATRLength) else Highest(high, ATRLength)) - atr;
def longStopPrev = if IsNaN(longStop[1]) then longStop else longStop[1];
def LS = if close[1] > longStopPrev then Max(longStop, longStopPrev) else longStop;

def shortStop = (if UseClose then Lowest(close, ATRLength) else Lowest(low, ATRLength)) + atr;
def shortStopPrev = if IsNaN(shortStop[1]) then shortStop else shortStop[1];
def SS = if close[1] < shortStopPrev then Min(shortStop, shortStopPrev) else shortStop;

def dir = if close > shortStopPrev then 1 else if close < longStopPrev then -1 else dir[1];
def direction = dir;

plot LongStopPlot = if direction == 1 then LS else Double.NaN;
LongStopPlot.SetDefaultColor(Color.GREEN);

plot ShortStopPlot = if direction == -1 then SS else Double.NaN;
ShortStopPlot.SetDefaultColor(Color.RED);

def midPricePlot = OHLC4;

def callentrySignal = direction == 1 and direction[1] == -1;
def putentrySignal = direction == -1 and direction[1] == 1;

AddChartBubble(callentrySignal and ShowLabels, low, "C-In", Color.GREEN, no);
AddChartBubble(putentrySignal and ShowLabels, high, "P-In", Color.RED, yes);

AddCloud(if direction == 1 and HighlightState then LongStopPlot else Double.NaN, if direction == 1 and HighlightState then midPricePlot else Double.NaN, Color.LIGHT_GREEN , Color.LIGHT_GREEN, no);

AddCloud(if direction == -1 and HighlightState then ShortStopPlot else Double.NaN, if direction == -1 and HighlightState then midPricePlot else Double.NaN, Color.LIGHT_RED, Color.LIGHT_RED, no);

Alert(direction == 1 and direction[1] == -1 and Alerts, "Call", Alert.ONCE, Sound.Ding);
Alert(direction == -1 and direction[1] == 1 and Alerts, "Put", Alert.ONCE, Sound.Ding);

Second Study:

Code:

#thinkscript.com#
#by Ramesh16#

input displace = 0;
input length = 1;
input price = ohlc4;
input movingAverageType = {default Simple, Exponential, Weighted, Hull, Variable};

rec data;

switch (movingAverageType) {
case Simple:
    data = CompoundValue(1, Average(price[-displace], length), price);
case Exponential:
    data = CompoundValue(1, ExpAverage(price[-displace], length), price);
case Weighted:
    data = CompoundValue(1, WMA(price[-displace], length), price);
case Hull:
    data = CompoundValue(1, HullMovingAvg(price[-displace], length), price);
case Variable:
    data = VariableMA(price = price, length = length);
}

plot ave = data;

ave.SetLineWeight(3);
ave.AssignValueColor(if ave > ave[1] then Color.GREEN else Color.RED);
ave.HideBubble();
def lastbar = IsNaN(close[-1]) and !IsNaN(close);
#AddChartBubble(lastbar, data, "MA" + Length, Color.DARK_ORANGE);

SleepyZ · Nov 9, 2023

apbreaux said:

I'm utilizing the following two studies on a single time frame's chart. I'm wondering if the first study can influence the colored line of the second study? If so, how do I accomplish that? More specifically, when the cloud from the first study is green, for example, can I make it so the line of second study stays green despite a pullback (where it would normally turn red) in the chart; and only change to red when the green cloud disappears? Many thanks.

First Study:

Code:

#AAAStudyMyedits#

input ATRLength = 2;
input ATRMultiplier = 1;
input ShowLabels = yes;
input UseClose = no;
input HighlightState = yes;
input Alerts = yes;

def atr = ATRMultiplier * ATR(ATRLength);

def longStop = (if UseClose then Highest(close, ATRLength) else Highest(high, ATRLength)) - atr;
def longStopPrev = if IsNaN(longStop[1]) then longStop else longStop[1];
def LS = if close[1] > longStopPrev then Max(longStop, longStopPrev) else longStop;

def shortStop = (if UseClose then Lowest(close, ATRLength) else Lowest(low, ATRLength)) + atr;
def shortStopPrev = if IsNaN(shortStop[1]) then shortStop else shortStop[1];
def SS = if close[1] < shortStopPrev then Min(shortStop, shortStopPrev) else shortStop;

def dir = if close > shortStopPrev then 1 else if close < longStopPrev then -1 else dir[1];
def direction = dir;

plot LongStopPlot = if direction == 1 then LS else Double.NaN;
LongStopPlot.SetDefaultColor(Color.GREEN);

plot ShortStopPlot = if direction == -1 then SS else Double.NaN;
ShortStopPlot.SetDefaultColor(Color.RED);

def midPricePlot = OHLC4;

def callentrySignal = direction == 1 and direction[1] == -1;
def putentrySignal = direction == -1 and direction[1] == 1;

AddChartBubble(callentrySignal and ShowLabels, low, "C-In", Color.GREEN, no);
AddChartBubble(putentrySignal and ShowLabels, high, "P-In", Color.RED, yes);

AddCloud(if direction == 1 and HighlightState then LongStopPlot else Double.NaN, if direction == 1 and HighlightState then midPricePlot else Double.NaN, Color.LIGHT_GREEN , Color.LIGHT_GREEN, no);

AddCloud(if direction == -1 and HighlightState then ShortStopPlot else Double.NaN, if direction == -1 and HighlightState then midPricePlot else Double.NaN, Color.LIGHT_RED, Color.LIGHT_RED, no);

Alert(direction == 1 and direction[1] == -1 and Alerts, "Call", Alert.ONCE, Sound.Ding);
Alert(direction == -1 and direction[1] == 1 and Alerts, "Put", Alert.ONCE, Sound.Ding);

Second Study:

Code:

#thinkscript.com#
#by Ramesh16#

input displace = 0;
input length = 1;
input price = ohlc4;
input movingAverageType = {default Simple, Exponential, Weighted, Hull, Variable};

rec data;

switch (movingAverageType) {
case Simple:
    data = CompoundValue(1, Average(price[-displace], length), price);
case Exponential:
    data = CompoundValue(1, ExpAverage(price[-displace], length), price);
case Weighted:
    data = CompoundValue(1, WMA(price[-displace], length), price);
case Hull:
    data = CompoundValue(1, HullMovingAvg(price[-displace], length), price);
case Variable:
    data = VariableMA(price = price, length = length);
}

plot ave = data;

ave.SetLineWeight(3);
ave.AssignValueColor(if ave > ave[1] then Color.GREEN else Color.RED);
ave.HideBubble();
def lastbar = IsNaN(close[-1]) and !IsNaN(close);
#AddChartBubble(lastbar, data, "MA" + Length, Color.DARK_ORANGE);

This combines the 2 studies into 1 study, where the direction from your 1st study above can influence the color of the ave plot in the 2nd study above.

These scripts combined easily as there were not any duplicated data in either. If there were duplicated data, we could have used the script function.

The image shows the combined script in the upper chart and your 2nd study in the lower chart. You can see how the combined study influences the color of the plot ave.

Code:

#AAAStudyMyedits#

input ATRLength = 2;
input ATRMultiplier = 1;
input ShowLabels = yes;
input UseClose = no;
input HighlightState = yes;
input Alerts = yes;

def atr = ATRMultiplier * ATR(ATRLength);

def longStop = (if UseClose then Highest(close, ATRLength) else Highest(high, ATRLength)) - atr;
def longStopPrev = if IsNaN(longStop[1]) then longStop else longStop[1];
def LS = if close[1] > longStopPrev then Max(longStop, longStopPrev) else longStop;

def shortStop = (if UseClose then Lowest(close, ATRLength) else Lowest(low, ATRLength)) + atr;
def shortStopPrev = if IsNaN(shortStop[1]) then shortStop else shortStop[1];
def SS = if close[1] < shortStopPrev then Min(shortStop, shortStopPrev) else shortStop;

def dir = if close > shortStopPrev then 1 else if close < longStopPrev then -1 else dir[1];
def direction = dir;

plot LongStopPlot = if direction == 1 then LS else Double.NaN;
LongStopPlot.SetDefaultColor(Color.GREEN);

plot ShortStopPlot = if direction == -1 then SS else Double.NaN;
ShortStopPlot.SetDefaultColor(Color.RED);

def midPricePlot = OHLC4;

def callentrySignal = direction == 1 and direction[1] == -1;
def putentrySignal = direction == -1 and direction[1] == 1;

AddChartBubble(callentrySignal and ShowLabels, low, "C-In", Color.GREEN, no);
AddChartBubble(putentrySignal and ShowLabels, high, "P-In", Color.RED, yes);

AddCloud(if direction == 1 and HighlightState then LongStopPlot else Double.NaN, if direction == 1 and HighlightState then midPricePlot else Double.NaN, Color.LIGHT_GREEN , Color.LIGHT_GREEN, no);

AddCloud(if direction == -1 and HighlightState then ShortStopPlot else Double.NaN, if direction == -1 and HighlightState then midPricePlot else Double.NaN, Color.LIGHT_RED, Color.LIGHT_RED, no);

Alert(direction == 1 and direction[1] == -1 and Alerts, "Call", Alert.ONCE, Sound.Ding);
Alert(direction == -1 and direction[1] == 1 and Alerts, "Put", Alert.ONCE, Sound.Ding);

#thinkscript.com#
#by Ramesh16#

input displace = 0;
input length = 1;
input price = ohlc4;
input movingAverageType = {default Simple, Exponential, Weighted, Hull, Variable};

rec data;

switch (movingAverageType) {
case Simple:
    data = CompoundValue(1, Average(price[-displace], length), price);
case Exponential:
    data = CompoundValue(1, ExpAverage(price[-displace], length), price);
case Weighted:
    data = CompoundValue(1, WMA(price[-displace], length), price);
case Hull:
    data = CompoundValue(1, HullMovingAvg(price[-displace], length), price);
case Variable:
    data = VariableMA(price = price, length = length);
}

plot ave = data;

ave.SetLineWeight(3);
ave.AssignValueColor(if ave > ave[1] or direction == 1 then Color.GREEN else Color.RED);
ave.HideBubble();
def lastbar = IsNaN(close[-1]) and !IsNaN(close);
#AddChartBubble(lastbar, data, "MA" + Length, Color.DARK_ORANGE);

apbreaux · Nov 10, 2023

This is great. I had no idea it would be as simple as just combining the two. Much appreciated.

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One study impact color on separate study?

apbreaux

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