thinkscript producing unexpected results

[MitchInSF]

Hi Folks!

Such a rich community here, I figure I should just ask the wizards...Can someone tell me why this script is producing bizarre results?

Bizarre in that I get alerts on strong_BullishCondition and less than a minute later, I can get an update saying strong_BearishCondition. This is on a 3m /ES chart. What's going on here?

THANKS!!!



def myVWAP = VWAP();

def strong_BullishCondition = if volume > volume[1] and close > myVWAP and close > close[1]
then yes
else no;

def weak_BullishCondition = if volume > volume[1] and ( close > myVWAP or close > close[1] )
then yes
else no;

def weak_BearishCondition = if volume < volume[1] and ( close < myVWAP or close < close[1] )
then yes
else no;

def strong_BearishCondition = if volume < volume[1] and close < myVWAP and close < close[1]
then yes
else no;

AddLabel(yes,"VOLUME", if strong_bullishCondition then color.green else if weak_BullishCondition then color.dark_green else if weak_bearishCondition then color.dark_red else if strong_BearishCondition then color.red else color.gray);


Alert(strong_bullishCondition, "ES Strong VOLUME UP", Alert.BAR, Sound.Ding);
Alert(strong_BearishCondition, "ES Strong VOLUME DOWN", Alert.BAR, Sound.Ding);

 

[SleepyZ]

Hi Folks!

Such a rich community here, I figure I should just ask the wizards...Can someone tell me why this script is producing bizarre results?

Bizarre in that I get alerts on strong_BullishCondition and less than a minute later, I can get an update saying strong_BearishCondition. This is on a 3m /ES chart. What's going on here?

THANKS!!!



def myVWAP = VWAP();

def strong_BullishCondition = if volume > volume[1] and close > myVWAP and close > close[1]
then yes
else no;

def weak_BullishCondition = if volume > volume[1] and ( close > myVWAP or close > close[1] )
then yes
else no;

def weak_BearishCondition = if volume < volume[1] and ( close < myVWAP or close < close[1] )
then yes
else no;

def strong_BearishCondition = if volume < volume[1] and close < myVWAP and close < close[1]
then yes
else no;

AddLabel(yes,"VOLUME", if strong_bullishCondition then color.green else if weak_BullishCondition then color.dark_green else if weak_bearishCondition then color.dark_red else if strong_BearishCondition then color.red else color.gray);


Alert(strong_bullishCondition, "ES Strong VOLUME UP", Alert.BAR, Sound.Ding);
Alert(strong_BearishCondition, "ES Strong VOLUME DOWN", Alert.BAR, Sound.Ding);

Try changing commented out myVWAP which is currently the fundamental price VWAP() to reference VWAP(), which is the indicator.

#def myVWAP = VWAP();
def myVWAP = reference VWAP();
AddLabel(1, myVWAP + "\n " + vwap());

 

[MitchInSF]

Try changing commented out myVWAP which is currently the fundamental price VWAP() to reference VWAP(), which is the indicator.

Thanks!

The change is producing a different value (over 2 points difference at 05:01 EST).

3933.7754 vs 3931.6339

Comparing these results across different time frames, I see the fundamental price VWAP() producing a different result on each(!). Obviously, that's NOT what I want, so thank you for pointing this out!!

When you say fundamental price VWAP(), what does that mean?

 

[SleepyZ]

Thanks!

The change is producing a different value (over 2 points difference at 05:01 EST).

3933.7754 vs 3931.6339

Comparing these results across different time frames, I see the fundamental price VWAP() producing a different result on each(!). Obviously, that's NOT what I want, so thank you for pointing this out!!

When you say fundamental price VWAP(), what does that mean?

It is price type like close, open, high, low, etc.. for the specific symbol. The referenced vwap() produces the value of the VWAP indicator.