Hello people; try this in your custom quote!!
Code:
# RSM_WL
#
#CHANGELOG
# 2021.1.31 - V1.0 [USER=5065]@SuryaKiranC[/USER] - RSM Watch List study - to be used as watchlist:
# Based on [USER=6343]@cos251[/USER] RSM_SCAN Code.
# - Stocks currently in UpTrend
# - Stocks currently in DownTrend
# - Stocks where UpTrendJustSarted - first bar of UpTrend for scanend TF
# - Stocks where DownTrendJustStarted - first bar of DownTrend for scanned TF
# - Stocks where UpTredJustEnded - first NO Trend bar after UpTrend
# - Stocks where DownTrendJustEnded - first NO Trend bar after DownTrend
# - Recommend using default studies for SCANS of RSI, Stochastics or MACD for efficiency
#
#REQUIREMENTS - RSI Set to 7, EXPONENTIAL
# Stoch Slow 14 and 3 WILDERS
# MACD 12,26,9 WEIGHTED
#
#
#CREDITS
# requesed by "[USER=4682]@Joseph Patrick 18[/USER]"
#
#LINK
# [URL]https://rockwell-files.s3.amazonaws.com/PXCompanionGuide2ndEd_cover.pdf[/URL]
# Markus Heikoetter who is the author of the Power X Strategy
# [URL]https://usethinkscript.com/threads/mimicking-power-x-strategy-by-markus-heitkoetter.4283/[/URL]
#
def lengthRSI = 7;
def price = close;
def averageTypeRSI = AverageType.EXPONENTIAL;
def NetChgAvg = MovingAverage(averageTypeRSI, price - price[1], lengthRSI);
def TotChgAvg = MovingAverage(averageTypeRSI, AbsValue(price - price[1]), lengthRSI);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
def RSI = 50 * (ChgRatio + 1);
def over_boughtSt = 80;
def over_soldSt = 20;
def KPeriod = 14;
def DPeriod = 3;
def priceH = high;
def priceL = low;
def priceC = close;
def averageTypeStoch = AverageType.WILDERS;
def SlowK = reference StochasticFull(over_boughtSt, over_soldSt, KPeriod, DPeriod, priceH, priceL, priceC, 3, if (averageTypeStoch == 1) then AverageType.SIMPLE else AverageType.EXPONENTIAL).FullK;
def SlowD = reference StochasticFull(over_boughtSt, over_soldSt, KPeriod, DPeriod, priceH, priceL, priceC, 3, if (averageTypeStoch == 1) then AverageType.SIMPLE else AverageType.EXPONENTIAL).FullD;
def fastLength = 12;
def slowLength = 26;
def MACDLength = 9;
def averageTypeMACD = AverageType.WEIGHTED;
def Value = MovingAverage(averageTypeMACD, close, fastLength) - MovingAverage(averageTypeMACD, close, slowLength);
def Avg = MovingAverage(averageTypeMACD, Value, MACDLength);
def Diff = Value - Avg;
# If you want to scan for stocks that are not in either trend you can add two filters and scan for false for both conditions
# The UpTrend and DownTrend plots can be used to scan for stocks that are currently in that trend
def UpTrend = if RSI > 50 and SlowK > 50 and Value > Avg then 1 else 0;
def DownTrend = if RSI < 50 and SlowK < 50 and Value < Avg then 1 else 0;
# The UpTrendJustStarted and DownTrendJustStarted plots can be used to find stocks that have just started
# a trend in either direction
def UpTrendJustStartedBool = if RSI > 50 and SlowK > 50 and Value > Avg then 1 else 0;
def DownTrendJustStartedBool = if RSI < 50 and SlowK < 50 and Value < Avg then 1 else 0;
def UpTrendJustStarted = if UpTrendJustStartedBool == 1 and UpTrendJustStartedBool[1] == 0 then 1 else 0;
def DownTrendJustStarted = if DownTrendJustStartedBool == 1 and DownTrendJustStartedBool[1] == 0 then 1 else 0;
def UpTrendJustEnded = if UpTrendJustStartedBool[1] == 1 and UpTrendJustStartedBool == 0 then 1 else 0;
def DownTrendJustEnded = if DownTrendJustStartedBool[1] == 1 and DownTrendJustStartedBool == 0 then 1 else 0;
def GetTrend = if UptrendJustStarted then 3 else if Uptrend then 2 else if UpTrendJustEnded then 1 else if DownTrendJustStarted then -1 else if DownTrend then -2 else if DownTrendJustEnded then -3 else 0;
AddLabel (yes, if GetTrend == 3 then "UpTrendJustStarted" else if GetTrend == 2 then "UpTrend" else if GetTrend == 1 then "UpTrendJustEnded" else if GetTrend == -1 then "DownTrendJustStarted" else if GetTrend == -2 then "DownTrend" else if GetTrend == -3 then "DownTrendJustEnded" else "NoTrend",Color.BLACK);
AssignBackgroundColor( if GetTrend == 3 then Color.LIGHT_GREEN else if GetTrend == 2 then Color.Green else if GetTrend == -1 then Color.LIGHT_RED else if GetTrend == -2 then Color.RED else Color.WHITE);
