upper band connecting highs and lower band connecting lows or channel ?

Drmoh1800

Member
I am trying to connect previous highs and lows
Looking to last 20 bars
TOjM1Gf.jpg
 
Solution
I am trying to connect previous highs and lows
Looking to last 20 bars

this will,
...find peaks and draw lines between them.
...find valleys and draw lines between them.

a peak is defined as the highest high within 7 bars behind current bar and 7 bars ahead of bar.
valleys are similar.

Code:
# peaks_valley_diag_lines_00

#------------------------
#https://usethinkscript.com/threads/zigzag-high-low-with-supply-demand-zones-for-thinkorswim.172/#post-7048
# define swing low points , robert payne
# modifified by halcyonguy to ignore last bar
#------------------------

def bn = BarNumber();
def na = double.nan;

input length = 7;

def lastBar = HighestAll(if IsNaN(close) then 0 else bn);
def offset = Min(length - 1, lastBar - bn)...
I am trying to connect previous highs and lows
Looking to last 20 bars

here is a hint,
when a plot formula has values of numbers and double.nan,
the numbers will have a line connecting them, IF EnableApproximation() is used.

Code:
# draw a line from every 20th bar
def t = 20;
# if the current barnumber/20  has no remainder, then true
def x = if (barnumber() % t ) == 0 then 1 else 0;
plot z = if x then close else double.nan;
z.EnableApproximation();

https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Look---Feel/EnableApproximation
 
I am trying to connect previous highs and lows
Looking to last 20 bars

this will,
...find peaks and draw lines between them.
...find valleys and draw lines between them.

a peak is defined as the highest high within 7 bars behind current bar and 7 bars ahead of bar.
valleys are similar.

Code:
# peaks_valley_diag_lines_00

#------------------------
#https://usethinkscript.com/threads/zigzag-high-low-with-supply-demand-zones-for-thinkorswim.172/#post-7048
# define swing low points , robert payne
# modifified by halcyonguy to ignore last bar
#------------------------

def bn = BarNumber();
def na = double.nan;

input length = 7;

def lastBar = HighestAll(if IsNaN(close) then 0 else bn);
def offset = Min(length - 1, lastBar - bn);

input ignore_last_bar = yes;
def ignorelast = if (ignore_last_bar and bn == lastbar) then 0 else 1;

def peak = ignorelast and high > highest(high[1], length - 1) and high == GetValue(highest(high, length), -offset);
def valley = ignorelast and low < Lowest(low[1], length - 1) and low == GetValue(Lowest(low, length), -offset);

#-------------------------------------

input show_dots_on_peaks_valleys = yes;
def vert = 0.002;
plot z1 = if show_dots_on_peaks_valleys and peak then high*(1+vert) else na;
z1.SetPaintingStrategy(PaintingStrategy.POINTS);
z1.SetDefaultColor(Color.cyan);
z1.setlineweight(3);
z1.hidebubble();

plot z2 = if show_dots_on_peaks_valleys and valley then low*(1-vert) else na;
z2.SetPaintingStrategy(PaintingStrategy.POINTS);
z2.SetDefaultColor(Color.cyan);
z2.setlineweight(3);
z2.hidebubble();


plot zp = if peak then high else double.nan;
zp.EnableApproximation();

plot zv = if valley then low else double.nan;
zv.EnableApproximation();
#

OTv6fyP.jpg
 
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