Trend indicator that plots below the price when bullish and above when bearish?

theLEMband

Member
VIP
I'm looking for an indicator that I've seen in the past that is similar to the yellow lines on the picture below (ADX portion of the CSA study) . However, it plots at the bottom of the chart when bull trending and at the top when bear trending, which makes me think it may have been different than ADX.
mvcJnlS.png

I have been searching through the forums and looking through the universe of thinkscript, but haven't been able to find it. Does anyone remember a study like that?
Thanks,
 
@theLEMband Perhaps the WilliamsPercentR?

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

declare lower;

input length = 10;
input overBought = -20;
input overSold = -80;

def hh = Highest(high, length);
def ll = Lowest(low, length);
def result = if hh == ll then -100 else (hh - close) / (hh - ll) * (-100);

plot WR = if result > 0 then 0 else result;
WR.SetDefaultColor(GetColor(1));

plot Over_Sold = overSold;
Over_Sold.SetDefaultColor(GetColor(8));

plot Over_Bought = overBought;
Over_Bought.SetDefaultColor(GetColor(8));

Hope this helps...
 

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