Rotation Factor Label

[Whizz]

Hello does anyone have or can make a script that calculates the rotation factors in a 30 min TPO?

If the high of the current time period is higher than the previous period’s high, then the rotation is given a +1. If the high is lower than the previous period’s high, then it is assigned a -1. Similarly, if a time period’s low is higher than the previous period’s low, then a value of +1 is added. An auction bottom that is lower than the previous period’s low receives a -1. And if both periods’ highs or lows come out even, then no value, or 0, is assigned.
With 3 labels Top Total(TT), Bot Total(BT), Overall RF(ORF), and if the labels are positive they will be green, negative red, and white for even

Thanks in advance

 

[halcyonguy]

Hello does anyone have or can make a script that calculates the rotation factors in a 30 min TPO?

If the high of the current time period is higher than the previous period’s high, then the rotation is given a +1. If the high is lower than the previous period’s high, then it is assigned a -1. Similarly, if a time period’s low is higher than the previous period’s low, then a value of +1 is added. An auction bottom that is lower than the previous period’s low receives a -1. And if both periods’ highs or lows come out even, then no value, or 0, is assigned.
With 3 labels Top Total(TT), Bot Total(BT), Overall RF(ORF), and if the labels are positive they will be green, negative red, and white for even

Thanks in advance

i think this will do what you are asking,
count the stats during 2nd aggregation time periods. default is 30 minutes

high > high[1] , +1
high < high[1] , -1
low > low{1] , +1
low < low[1] , -1
high = high[1] , 0
low = low[1] , 0

# hilo_chg_rotation_factor_01

# https://usethinkscript.com/threads/rotation-factor-label.12083/
#Rotation Factor Label
#Whizz  Jul 31, 2022

#does anyone have or can make a script that calculates the rotation factors in a 30 min TPO?

# If the high of the current time period is higher than the previous period’s high, then the rotation is given a +1.
# If the high is lower than the previous period’s high, then it is assigned a -1.
# if a time period’s low is higher than the previous period’s low, then a value of +1 is added.
# if a current low is lower than the previous period’s low receives a -1.
#  And if both periods’ highs or lows come out even, then no value, or 0, is assigned.


# high > high[1] , +1
# high < high[1] , -1
# low > low{1] , +1
# low < low[1] , -1
#  high = high[1] , 0
#  low = low[1] , 0


# With 3 labels
#  Top Total(TT),
#  Bot Total(BT),
#  Overall RF(ORF)

# if the labels are positive they will be green, negative red, and white for even

def bn = barnumber();

input agg = AggregationPeriod.thirty_min;
def close_agg = close(period = agg);
def high_agg = high(period = agg);
def low_agg = low(period = agg);

def highcnt = if high_agg > high_agg[1] then highcnt[1] + 1 else if high_agg < high_agg[1] then highcnt[1] -1 else 0;
def lowcnt = if low_agg > low_agg[1] then lowcnt[1] + 1 else if low_agg < low_agg[1] then lowcnt[1] - 1 else 0;
def total = highcnt + lowcnt;

def periods = if bn == 1 then 1 else if close_agg != close_agg[1] then periods[1] + 1 else periods[1];

addlabel(1, "High count " + highcnt, (if highcnt > 0 then color.green else if highcnt < 0 then color.red else color.gray));
addlabel(1, "Low count " + lowcnt, (if lowcnt > 0 then color.green else if lowcnt < 0 then color.red else color.gray));
addlabel(1, "Total count " + total, (if total > 0 then color.green else if total < 0 then color.red else color.gray));
addlabel(1, "Periods " + periods, color.yellow);
#

 

[MagicQuotes]

notehalcyonguy: thanks, I changed it to a 3 minute aggregation label on a 1 day TOS chart ( for options charts) along with some momentum indicators- it makes for a nice visual label to easily follow new highs and lows. suggest others pay attention to this count script. Again Halcyonguy your creativity is quite evident, and U seem to keep your code very straightforward. Best to all !