Previous Day's Percentage Boxes for ThinkorSwim

[germanburrito]

Here is the idea behind this indicator, this indicator plots different percentage boxes from the previous days close, if you know that the equity usually moves 1 percent or 2 percent a day, then you may set the parameters to that ticker.

# RH_PreviousDayCloseGapAnalysisSTUDY.ts
#German_Burrito


declare upper;
input percentage = .5;
input percentage_2 = .75;
input percentage_3 = 1.0;

def lastDayToday    = if GetLastDay() == GetDay() and GetLastYear() == GetYear() then yes else no;
plot PrevDayClose   = HighestAll( if lastDayToday then close( period = "DAY" )[1] else Double.NaN );

plot limit = prevDayClose * (1 + (percentage*.01));
plot limit2 = prevDayClose * (1 - (percentage*.01));
plot limit3 = prevDayClose * (1 + (percentage_2 *.01));
plot limit4 = prevDayClose * (1 - (percentage_2 *.01));
plot limit5 = prevDayClose * (1 + (percentage_3 *.01));
plot limit6 = prevDayClose * (1 - (percentage_3 *.01));


AddCloud( limit, prevDayClose, Color.yellow );
AddCloud( prevDayClose, limit2, Color.yellow );
AddCloud( limit3, limit, Color.light_orange );
AddCloud( limit2, limit4, Color.light_orange );
AddCloud( limit4, limit6, Color.light_green );
AddCloud( limit3, limit5, Color.light_red );


prevDayClose.SetDefaultColor(Color.WHITE);
limit.SetDefaultColor(Color.LIGHT_RED);
limit2.SetDefaultColor(Color.LIGHT_GREEN);
limit3.SetDefaultColor(Color.LIGHT_RED);
limit4.SetDefaultColor(Color.LIGHT_GREEN);
limit5.SetDefaultColor(Color.LIGHT_RED);
limit6.SetDefaultColor(Color.LIGHT_GREEN);
[code/]