Stack two arrows instead of overlaying them?

RickK

Active member
Anyone, is there a way to keep the signal arrows from laying over the top of one another? I seem to remember a script from a long time ago that had one down arrow just above the candle (lets say red) and another down arrow (white) just above the red candle.
 
Solution
@RickKennedy

Thinkscript has two types of arrow painting strategies—Boolean arrows and regular arrows. The Boolean arrows can only be set at the high / low of the candle. The regular arrows can be plotted wherever one wants them. You can learn more about the different types of painting strategies here: https://tlc.thinkorswim.com/center/reference/thinkScript/Constants/PaintingStrategy

With that in mind, here is an example code that will offset the cyan arrow only when both cond1 and cond2 are true at the same time.

ZG1Fat5.png


Code:
# +------------------------------------------------------------+
# |       Example code to dynamically offset arrow plots       |
# |                        Robert...

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
Don't know if that is possible, but there are alternatives. You can change the background of the candle color or display the arrows as a lower study.
 

horserider

Well-known member
VIP
Just winging it as I cannot locate study where I had this.
So try playing with it and see if can get it to work.

Def offset = x;
plot x = xyz - offset;
plot y = xyz2 - 2 * offset;

or maybe

def offset = x;
plot x = xyz [offset]
 

codydog

Active member
@RickKennedy - try this, you can fuss with it to do what you want exactly

input z = 2.51;
input offset = 5;
plot hiz = if zscore > z then high + offset * ticksize() else double.nan;
plot lowz = if zscore < -z then low - offset * ticksize() else double.nan;
hiz.assignvaluecolor(color.red);
lowz.assignvaluecolor(color.blue);
hiz.SetPaintingStrategy(PaintingStrategy.POINTS);
lowz.SetPaintingStrategy(PaintingStrategy.POINTS);
hiz.setlineweight(4);
lowz.setlineweight(4);
hiz.hidebubble();
lowz.hidebubble();
 

OBW

Member
@RickKennedy

Thinkscript has two types of arrow painting strategies—Boolean arrows and regular arrows. The Boolean arrows can only be set at the high / low of the candle. The regular arrows can be plotted wherever one wants them. You can learn more about the different types of painting strategies here: https://tlc.thinkorswim.com/center/reference/thinkScript/Constants/PaintingStrategy

With that in mind, here is an example code that will offset the cyan arrow only when both cond1 and cond2 are true at the same time.

ZG1Fat5.png


Code:
# +------------------------------------------------------------+
# |       Example code to dynamically offset arrow plots       |
# |                        Robert Payne                        |
# |               https://funwiththinkscript.com               |
# +------------------------------------------------------------+
def cond1 = high == Highest(high, 13) and high == GetValue(Highest(high, 13), -12);
def cond2 = high == Highest(high, 5) and high == GetValue(Highest(high, 5), -4);

def avgRng = Average(high - low, 21) / 3;
def offset = if cond1 and cond2 then avgRng * 2 else 0;

plot arrow1 = if cond1 then high else Double.NaN;
arrow1.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
arrow1.SetDefaultColor(Color.LIME);
arrow1.SetLineWeight(5);
plot arrow2 = if cond2 then high + offset else Double.NaN;
arrow2.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
arrow2.SetDefaultColor(Color.CYAN);
arrow2.SetLineWeight(5);
 
Solution

zeek

Active member
2019 Donor
I currently have two studies that both plots down/up arrows and was wondering if it`s possible to use an offset on one of the studies so that the arrows doesn't overlay each other. The arrow plots for each study can be seen below,

study1
Code:
plot pUP = major == 1;
pUP.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
pUP.SetDefaultColor(Color.GREEN);
pUP.SetLineWeight(2);

plot pDown = major == -1;
pDown.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
pDown.SetDefaultColor(Color.RED);
pDown.SetLineWeight(2);

study 2
Code:
# Arrows below based on the following
#AddChartBubble(ConditionUp4 && ConditionUp5, Volume, concat("Buy @ $", Close), Color.Green, Yes);
#AddChartBubble(ConditionUp1 && ConditionUp2 && ConditionUp3, Volume, concat("Buy @ $", Close), Color.Green, Yes);
#AddChartBubble(ConditionDown1 && ConditionDown4 && ConditionDown5, Volume, concat("Sell @ $", Close), Color.Red, Yes);
#AddChartBubble(ConditionDown1 && ConditionDown2 && ConditionDown3,  Volume, concat("Sell @ $", Close), Color.Red, Yes);

# buy and sell signals

def Buy45 = ConditionUp4 && ConditionUp5;
plot bullish45 = Buy45;
bullish45.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
bullish45.SetDefaultColor(Color.CYAN);
bullish45.SetLineWeight(3);

def Buy123 = ConditionUp1 && ConditionUp2 && ConditionUp3;
plot bullish123 = Buy123;
bullish123.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
bullish123.SetDefaultColor(Color.CYAN);
bullish123.SetLineWeight(3);

def Bearish145i = ConditionDown1 && ConditionDown4 && ConditionDown5;
plot bearish145 = Bearish145i;
bearish145.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
bearish145.SetDefaultColor(Color.CYAN);
bearish145.SetLineWeight(3);

def Bearish123i = ConditionDown1 && ConditionDown2 && ConditionDown3;
plot bearish123 = Bearish123i;
bearish123.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
bearish123.SetDefaultColor(Color.CYAN);
bearish123.SetLineWeight(3);
 

RickK

Active member
@zeek the arrow offset code in post#8 should work for you.

Yes @zeek , the thing that helped me the most was knowing that I couldn't do anything with boolean arrow up/down. It had to be the numeric one. Also, when I finally used it, I had to set the arrow offset as an input that could be modified for every chart because the distance from the candle on a /CL chart was different than a /GC or a /RTY chart. Below is an example how I've used it:

Code:
#...this script seems to provide better fractal signals than the other script
# added alarms for buy/sell fractal signals - RickK 2021/09/08

### define inputs
input price = close;
input audioalarm = yes;
input arrow_offset = .06;  #might need to be modified for every instrument's charts

### define a Buy Fractal setup
def buy_fractal_setup_is_true = high[2] < high[1];
def buy_fractal_peak_is_true = high > high[1] && high > high[-1];
def buy_fractal_confirm_is_true = high[-1] > high[-2];

### define a Sell Fractal setup
def sell_fractal_setup_is_true = low[2] > low[1];
def sell_fractal_peak_is_true = low < low[1] && low < low[-1];
def sell_fractal_confirm_is_true = low[-1] < low[-2];

### plot details (for some reason the original coder set "buy" with a down arrow
#   above the candle and the "sell" is a Up arrow below the candle.  I just left
# that way)
plot buy_fractal = if buy_fractal_setup_is_true and buy_fractal_peak_is_true and buy_fractal_confirm_is_true then price + arrow_offset else double.NaN;
buy_fractal.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
buy_fractal.SetDefaultColor(Color.magenta);

plot sell_fractal = if sell_fractal_setup_is_true and sell_fractal_peak_is_true and sell_fractal_confirm_is_true then close - arrow_offset  else double.NaN;
sell_fractal.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
sell_fractal.SetDefaultColor(Color.cyan);

### alarms

alert (audioalarm and buy_fractal, "!..BUY..!", alert.bar, sound.DING);

alert (audioalarm and sell_fractal, "!..SELL..!", alert.bar, sound.ding);
#end
 

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