Storing price in a label?

[melfice_187]

Hoping someone can help me out with this. I'm trying to store the price(close) when the RSI crosses a certain value and store it as a label.
E.g., If RSI crosses the overbough line(70) get price and store it as a label.

AddLabel(yes, if RSI crosses below OverBought then AsDollars(close) else ????, Color.RED);

 

[generic]

@magus You need to def a variable to store it first.

def p = if RSI crosses below OverBought then close else p[1];
AddLabel(yes, AsDollars(p), Color.RED);

 

[melfice_187]

Thank you @generic!

 

[melfice_187]

Is there any way to just store it once? This seems to keep updating as the price plays out. I would like to store it as soon as it crosses the overbought and hold that price level.

 

[rad14733]

Is there any way to just store it once? This seems to keep updating as the price plays out. I would like to store it as soon as it crosses the overbought and hold that price level.

No, all variables must be updated for every bar/candle... The method is called using a "state" variable...

 

[MerryDay]

@magus one of the ways that I have seen for storing data and carrying it forward is with the barNumber() function.
Here is one example:

https://usethinkscript.com/threads/psar-transition-indicator-for-thinkorswim.1130/
Is this somewhat of what you are trying to do?

 

[melfice_187]

Thank you @rad14733 and @MerryDay for the follow up responses. I'm coming from C# and javascript so sometimes my way of thinking doesn't translate to thinkscript.

in C# and Javascript there are things you can do to the system to trigger on events or run something on tick(update) only once.

Essentially what I'm trying to achieve is

• start checking price once RSI reaches above 70
• evaluate the last (x)bars since RSI went above 70
• check which RSI level was the highest and store it
• get a float price at highest RSI level
• evaluate current bar, if RSI is now lower than the highest point, stop checking and set the float price at highest RSI level

 

[SleepyZ]

Thank you @rad14733 and @MerryDay for the follow up responses. I'm coming from C# and javascript so sometimes my way of thinking doesn't translate to thinkscript.

in C# and Javascript there are things you can do to the system to trigger on events or run something on tick(update) only once.

Essentially what I'm trying to achieve is

• start checking price once RSI reaches above 70
• evaluate the last (x)bars since RSI went above 70
• check which RSI level was the highest and store it
• get a float price at highest RSI level
• evaluate current bar, if RSI is now lower than the highest point, stop checking and set the float price at highest RSI level

See if this helps.

#20210531 Sleepyz - Usethinkscript request @Magus
#Criteria
    #start checking price once RSI reaches above 70
    #evaluate the last (x)bars since RSI went above 70
    #check which RSI level was the highest and store it
    #get a float price at highest RSI level
    #evaluate current bar, if RSI is now lower than the highest point, stop checking and set the float     
    #price at highest RSI level

input xbars    = 3;#Hint xbars: number of bars after RSI crosses above 70
def signal     = RSI().RSI crosses above 70;
def test       = HighestAll(if signal then BarNumber() else Double.NaN);
def hrsi       = CompoundValue(1, if GetDay() == GetLastDay() and
                                 GetTime() > RegularTradingStart(GetYYYYMMDD()) and signal == 1
                                 then RSI() else if RSI() >= 70 and RSI() > hrsi[1] and
                                 Between(BarNumber(), test, HighestAll(test + xbars))
                                 then RSI()
                                 else hrsi[1], 0);
def hrsiclose  = HighestAll(if RSI() == hrsi then close else Double.NaN);
def floatclose = if rsi()<hrsi then hrsiclose else close;
AddLabel(1, hrsi + " " + floatclose );

 

[melfice_187]

This is brilliant, thank you @SleepyZ! I can't wait to play around with it more, my initial tests were good and its written in a way for me to play around with and learn more.