SMA/EMA Labels Help

[DarthVaider]

I found this script and was super excited when I loaded it up and edited the colors and what not. Went to test it out today and realized that the values are incorrect. When I actually check the 13EMA, 50SMA & 200SMA values on my chart they are correct, when I check the figures in the actual label they are not corresponding to the lines on the chart which are the correct values.

Not sure if I can upload a photo from my computer.

So Labels Read:

13EMA - 572.38 Current Value: 621.85
50SMA - 573.59 Current Value: 673.60
200SMA - 573.43 Current Value: 586.84

I'm not sure why the Labels are not picking up the correct values.

Here is the script im using:

input price = close;
input length = 13;
input displace = 0;
input showBreakoutSignals = no;

plot AvgExp = ExpAverage(price[-displace], length);
plot UpSignal = price crosses above AvgExp;
plot DownSignal = price crosses below AvgExp;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

AvgExp.SetDefaultColor(GetColor(1));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);

addlabel(Yes,"MovAvgExponential = " + price, color.greeN);

Please let me know what I am doing incorrect.

Thank You

 

[generic]

@DarthVaider Your addlabel code is linked to price and not avgexp so it's showing close price.

 

[DarthVaider]

@DarthVaider Your addlabel code is linked to price and not avgexp so it's showing close price.

Thank you for catching that> Fixed that right up. Might you know how to get rid of the extra numbers in the quote? Such as it shows 624.5957 for the 13ema, can we get it to display 624.59?

 

[Pensar]

@DarthVaider Use the Round() function. Something like Round(data,2) will round it to two decimal places.

 

[DarthVaider]

@DarthVaider Use the Round() function. Something like Round(data,2) will round it to two decimal places.

I'll give that a try.

Last thing and I think i'll be good to go. I've got an indicator for the RSI which will display green if overbought, red of oversold and gray for just neutral. How can I display the RSI number in the label as well? Here is what I have:

#
# TD Ameritrade IP Company, Inc. (c) 2007-2021
#

declare lower;

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = no;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

plot RSI = 50 * (ChgRatio + 1);
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot UpSignal = if RSI crosses above OverSold then OverSold else Double.NaN;
plot DownSignal = if RSI crosses below OverBought then OverBought else Double.NaN;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

RSI.DefineColor("OverBought", GetColor(5));
RSI.DefineColor("Normal", GetColor(7));
RSI.DefineColor("OverSold", GetColor(1));
RSI.AssignValueColor(if RSI > over_Bought then RSI.Color("OverBought") else if RSI < over_Sold then RSI.Color("OverSold") else RSI.Color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

AddLabel(yes, "RSI", if rsi > rsi[70] then Color.RED else if rsi < rsi[30] then Color.GREEN else Color.GRAY);

 

[Pensar]

I'll give that a try.

Last thing and I think i'll be good to go. I've got an indicator for the RSI which will display green if overbought, red of oversold and gray for just neutral. How can I display the RSI number in the label as well? Here is what I have:

#
# TD Ameritrade IP Company, Inc. (c) 2007-2021
#

declare lower;

input length = 14;
input over_Bought = 70;
input over_Sold = 30;
input price = close;
input averageType = AverageType.WILDERS;
input showBreakoutSignals = no;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

plot RSI = 50 * (ChgRatio + 1);
plot OverSold = over_Sold;
plot OverBought = over_Bought;
plot UpSignal = if RSI crosses above OverSold then OverSold else Double.NaN;
plot DownSignal = if RSI crosses below OverBought then OverBought else Double.NaN;

UpSignal.SetHiding(!showBreakoutSignals);
DownSignal.SetHiding(!showBreakoutSignals);

RSI.DefineColor("OverBought", GetColor(5));
RSI.DefineColor("Normal", GetColor(7));
RSI.DefineColor("OverSold", GetColor(1));
RSI.AssignValueColor(if RSI > over_Bought then RSI.Color("OverBought") else if RSI < over_Sold then RSI.Color("OverSold") else RSI.Color("Normal"));
OverSold.SetDefaultColor(GetColor(8));
OverBought.SetDefaultColor(GetColor(8));
UpSignal.SetDefaultColor(Color.UPTICK);
UpSignal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
DownSignal.SetDefaultColor(Color.DOWNTICK);
DownSignal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);

AddLabel(yes, "RSI", if rsi > rsi[70] then Color.RED else if rsi < rsi[30] then Color.GREEN else Color.GRAY);

@DarthVaider Well first, cut out all the unnecessary code such as the signals and overbought/oversold levels, and change the RSI plot into a variable. Then, put the variable into your label to get the finished result -

input length = 14;
input price = close;
input averageType = AverageType.WILDERS;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);

AddLabel(yes, "RSI = " + round(RSI), if rsi > rsi[70] then Color.RED else if rsi < rsi[30] then Color.GREEN else Color.GRAY);

I should have mentioned the the Round() function rounds to two decimal places by default. It's possible to adjust the number in the previous example for as few or as many decimal places as you like.

 

[DarthVaider]

@DarthVaider Well first, cut out all the unnecessary code such as the signals and overbought/oversold levels, and change the RSI plot into a variable. Then, put the variable into your label to get the finished result -

input length = 14;
input price = close;
input averageType = AverageType.WILDERS;

def NetChgAvg = MovingAverage(averageType, price - price[1], length);
def TotChgAvg = MovingAverage(averageType, AbsValue(price - price[1]), length);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;

def RSI = 50 * (ChgRatio + 1);

AddLabel(yes, "RSI = " + round(RSI), if rsi > rsi[70] then Color.RED else if rsi < rsi[30] then Color.GREEN else Color.GRAY);

I should have mentioned the the Round() function rounds to two decimal places by default. It's possible to adjust the number in the previous example for as few or as many decimal places as you like.

That worked! How in the world did you get it to work so easy? Thank you so much.

 

[Pensar]

@DarthVaider It wasn't hard at all - just follow my small explanation above while comparing your code to mine. You should be understand what I did. The main changes were converting the RSI plot into a variable (using "def") and also adding " + round(RSI) " into your label.

 

[StarGateSunRise]

Hi,
Can you tell me if you would share the correct updated code for this SMA/EMA Labels ....

Thank