askchrishetrades
New member
Hello all,
Looking to Optimize this Dot Plot Strategy that I use to easily See Trend Help Please
I'm new to this site and just discovered it. Looks like a ton of information here! I have a Dot plot script that tracks closing prices that can be used on all time frames. I use it under all my charts to easily see trends and for confirmation when we have closing prices above or below a key range for an easy visual on trend direction and angle. I also use it when I'm looking to easily catch turning points on my options charts.
However, I'm looking to amp up the script a bit and need some help.
What am I looking to do? I would like to add a label to the script that goes green and states (Bullish) [Uptrend in place] or Red (bearish)[ Downtrend in place] and states bearish, when there are 3 consecutive closes in the direction of the trend.
I am going to include the current script code below. Scroll Down for Example
input price = close;
input length = 1;
input displace = 0;
plot SMA = Average ( price[-displace], length);
SMA.SetLineWeight(1);
SMA.AssignValueColor(if SMA > SMA[1] then color.dark_GREEN else Color.RED);
SMA.HideBubble();
SMA.SetDefaultColor(GetColor(1));
SMA.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
Looking to Optimize this Dot Plot Strategy that I use to easily See Trend Help Please
I'm new to this site and just discovered it. Looks like a ton of information here! I have a Dot plot script that tracks closing prices that can be used on all time frames. I use it under all my charts to easily see trends and for confirmation when we have closing prices above or below a key range for an easy visual on trend direction and angle. I also use it when I'm looking to easily catch turning points on my options charts.
However, I'm looking to amp up the script a bit and need some help.
What am I looking to do? I would like to add a label to the script that goes green and states (Bullish) [Uptrend in place] or Red (bearish)[ Downtrend in place] and states bearish, when there are 3 consecutive closes in the direction of the trend.
I am going to include the current script code below. Scroll Down for Example
input price = close;
input length = 1;
input displace = 0;
plot SMA = Average ( price[-displace], length);
SMA.SetLineWeight(1);
SMA.AssignValueColor(if SMA > SMA[1] then color.dark_GREEN else Color.RED);
SMA.HideBubble();
SMA.SetDefaultColor(GetColor(1));
SMA.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
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