RSI OverBought/Oversold AddLabel Error

DAB

New member
Hello,

Heard about this forum and excited to be here. I am working on an "AddLabel" function for my RSI code. TOS throws me an error and I am scratching my head as to how to resolve it.

Basically, I would like to see a confirmation Label, color.green for "U" and conversely color.red for "D".

The "AddLabel" function shows an error: Expected class com.devexperts.tos.thinkscript.Any at 22:1

Here is the code:

#Begin

declare lower;

DefineglobalColor ("U", color.green);
defineglobalColor ("D", color.red);


input longLength = 25;
input shortLength = 13;
input signalLength = 8;
input averageType = AverageType.EXPONENTIAL;


def diff = close - close[1];
def doubleSmoothedAbsDiff = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diff), longLength), shortLength);

plot TSI;
plot Signal;

TSI = if doubleSmoothedAbsDiff == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diff, longLength), shortLength)) / doubleSmoothedAbsDiff;
Signal = MovingAverage(averageType, TSI, signalLength);
AddLabel(yes, if TSI > Signal then GlobalColor("U") else GlobalColor("D"));

#End

I would appreciate any insights as to how to correct this.

Note: if I remove the "GlobalColor" function, the indicator works error-less without the color distinction which is baffling. The Syntax above looks acceptable irrespective of the error. I wish TOS had some adequate debugging tools.

Many Thanks,

DAB
 
Last edited:
youre adding a label but not adding any text for the label, so i theory there is no label without text.


i assume u want something similar to this:


Code:
declare lower;

DefineGlobalColor ("U", Color.GREEN);
DefineGlobalColor ("D", Color.RED);


input longLength = 25;
input shortLength = 13;
input signalLength = 8;
input averageType = AverageType.EXPONENTIAL;


def diff = close - close[1];
def doubleSmoothedAbsDiff = MovingAverage(averageType, MovingAverage(averageType, AbsValue(diff), longLength), shortLength);

plot TSI;
plot Signal;

TSI = if doubleSmoothedAbsDiff == 0 then 0
else 100 * (MovingAverage(averageType, MovingAverage(averageType, diff, longLength), shortLength)) / doubleSmoothedAbsDiff;
Signal = MovingAverage(averageType, TSI, signalLength);
AddLabel(yes, if  TSI > Signal then "Up" else "Down" , if TSI < SIGNAL then Color.red else color.green);
#End


lM83YYL.png
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
282 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top