Similar to the line extensions available when using the drawing feature except on sma instead of a static line. I was hoping to extend the line 20 bars forward.
Well sma, means simple moving average, you can't extend something that doesn't exist yet, meaning there's nothing to average yet, however you can push the present moving average onto the future
I understand what sma means. I do not want to displace it into the future. I want to extend the end of it using its current slope.
# Plotting MA slope into extension area
# Mobius
# Chat Room Request
input n = 10;
input AvgType = AverageType.SIMPLE;
input price = close;
def MA = if !IsNaN(close())
then MovingAverage(AvgType, price, n)
else MA[1] + ((MA[1] - MA[n]) / (n - 1));
plot data = MA;
# Plotting MA slope into extension area (Modded v2021.1)
# Mobius
# Chat Room Request
#Modded by XeoNoX for more recent data and incorporation of inertia in v2021.1
#draws extended line to the right of the chart based off recent linear regression curve of the Moving Average
input MAlength = 20;
input AvgType = AverageType.SIMPLE;
input price = close;
plot moveavg = MovingAverage(AvgType, price, MAlength);
moveavg.SetDefaultColor(CreateColor(0, 255, 0));
moveavg.SetLineWeight(1);
def inertline = inertiaall(moveavg,2);
def EXT_MA = if !IsNaN(close()) then inertline else EXT_MA[1] + ((EXT_MA[1] - EXT_MA[2]) / (2 - 1));
plot extension = EXT_MA;
extension.SetDefaultColor(CreateColor(0, 255, 255));
extension.SetLineWeight(1);That is exactly what I am looking for! Thank you so much for your help!!!
If I wanted to limit the extension length to 20 bars, what would be the correct way to code that?I added on to Mobius's code, all credits to him, i incorporated inertia plus made it so it uses the more recent data.
Plotting MA slope into extension area (Modded) .. All original credits to MOBIUS
Modded by XeoNoX for more recent data and incorporation of inertia in v2021.1
Draws extended line to the right of the chart based off recent linear regression curve of the Moving Average
(Most likely used for attempting future moving average prediction)
Code:# Plotting MA slope into extension area (Modded v2021.1) # Mobius # Chat Room Request #Modded by XeoNoX for more recent data and incorporation of inertia in v2021.1 #draws extended line to the right of the chart based off recent linear regression curve of the Moving Average input MAlength = 20; input AvgType = AverageType.SIMPLE; input price = close; plot moveavg = MovingAverage(AvgType, price, MAlength); moveavg.SetDefaultColor(CreateColor(0, 255, 0)); moveavg.SetLineWeight(1); def inertline = inertiaall(moveavg,2); def EXT_MA = if !IsNaN(close()) then inertline else EXT_MA[1] + ((EXT_MA[1] - EXT_MA[2]) / (2 - 1)); plot extension = EXT_MA; extension.SetDefaultColor(CreateColor(0, 255, 255)); extension.SetLineWeight(1);
# Plotting MA slope into extension area (Modded v2021.1)
# Mobius
# Chat Room Request
#Modded by XeoNoX for more recent data and incorporation of inertia in v2021.1
#draws extended line to the right of the chart based off recent linear regression curve of the Moving Average
#Mod by Sleepyz to limit length of extension
input MAlength = 20;
input AvgType = AverageType.SIMPLE;
input price = close;
plot moveavg = MovingAverage(AvgType, price, MAlength);
moveavg.SetDefaultColor(CreateColor(0, 255, 0));
moveavg.SetLineWeight(1);
def inertline = inertiaall(moveavg,2);
def EXT_MA = if !IsNaN(close()) then inertline else EXT_MA[1] + ((EXT_MA[1] - EXT_MA[2]) / (2 - 1));
input extension_length_limited_to = 20;
def lastbar = if isnan(close[-1]) and !isnan(close) then barnumber() else double.nan;
plot extension = if barnumber()<=highestall(lastbar)+ extension_length_limited_to then EXT_MA else double.nan;
extension.SetDefaultColor(CreateColor(0, 255, 255));
extension.SetLineWeight(1);AddLabel (yes, "Extension End: " + round(highestall(extension),2) );That did the trick! Thank you for sharing. I modified the code to work on the STARC Bands. It looks a bit like headlights on a car. It helps to show volatility and directionality (including reversals). I really appreciate the help.
I’m glad to know I’m not the only one trying to draw them in. lol Would it be possible to have a point plot on the chart where the two extensions are crossed?
youll have to post a screenshot of what you mean. and what do you mean by point? a arrow?
I think that the crossing points of the STARC Band extensions may show support and resistance zones. I’m wanting points or maybe dashes to show the zones. When I get to the office this morning, I’ll post the code if you think it’s a possibility.
declare weak_volume_dependency;
input price = close;
input ATR_length = 15;
input SMA_length = 6;
input displace = 0;
input multiplier_factor = 1.5;
def val = Average(price, sma_length);
def average_true_range = Average(TrueRange(high, close, low), length = atr_length);
plot Upper_Band = val[-displace] + multiplier_factor * average_true_range[-displace];
Upper_Band.SetStyle(Curve.SHORT_DASH);
Upper_Band.SetLineWeight(2);
Upper_Band.SetDefaultColor(Color.Gray);
def Middle_Band = val[-displace];
#Middle_Band.SetDefaultColor(GetColor(1));
plot Lower_Band = val[-displace] - multiplier_factor * average_true_range[-displace];
Lower_Band.SetStyle(Curve.SHORT_DASH);
Lower_Band.SetLineWeight(2);
Lower_Band.SetDefaultColor(Color.Gray);
#Plotting STARC slope into extension area
#input Extension_length = 20
input extension_length_limited_to = 50;
def lastbar = if isnan(close[-1]) and !isnan(close) then barnumber() else double.nan;
def inertline = inertiaall(Upper_Band,2);
def EXT_Upper_Band = if !IsNaN(close()) then inertline else EXT_Upper_Band[1] + ((EXT_Upper_Band[1] - EXT_Upper_Band[2]) / (2 - 1));
plot extension = if barnumber()<=highestall(lastbar)+ extension_length_limited_to then EXT_Upper_Band else double.nan;
extension.SetStyle(Curve.SHORT_DASH);
extension.SetLineWeight(2);
extension.SetDefaultColor(Color.white);
def inertline2 = inertiaall(Lower_Band,2);
def EXT_Lower_Band = if !IsNaN(close()) then inertline2 else EXT_Lower_Band[1] + ((EXT_Lower_Band[1] - EXT_Lower_Band[2]) / (2 - 1));
plot extension2 = if barnumber()<=highestall(lastbar)+ extension_length_limited_to then EXT_Lower_Band else double.nan;
extension2.SetStyle(Curve.SHORT_DASH);
extension2.SetLineWeight(2);
extension2.SetDefaultColor(Color.white);Join useThinkScript to post your question to a community of 21,000+ developers and traders.
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