when a candle closes 1-3 ticks away from its high or low?

[DannyKaye1990]

Hey everybody,

Does anyone know if there is a way to make an indicator that will show up when a candle closes 1-3 ticks away from its high or low? I would love to have this on my charts instead of constantly watching price action.

Thanks!

 

[mashume]

If you don't mind highs and lows being inside bounds, you can do it this way:

declare upper;

input lookback = 500;
input within_n_ticks = 3;
def h = highest(high, lookback);
def l = lowest(low, lookback);

def t = tickSize();
def warning_range = within_n_ticks * t;
plot near_high = if close >= h - warning_range then 1 else 0;
plot near_low = if close <= l + warning_range then 1 else 0;
near_high.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
near_low.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
AssignPriceColor(if near_high == 1 then color.green else if near_low == 1 then color.red else color.gray);

You can do it with highestall() and lowestall(), but it will complain about complexity and isn't usable as a scan (if I recall correctly)

declare upper;

input within_n_ticks = 3;

def h = highestall(high);
def l = lowestall(low);

def t = tickSize();
def warning_range = within_n_ticks * t;

plot near_high = if close >= h - warning_range then 1 else 0;
plot near_low = if close <= l + warning_range then 1 else 0;
near_high.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
near_low.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);

AssignPriceColor(if near_high == 1 then color.green else if near_low == 1 then color.red else color.gray);

What you do with it is up to you,
but have fun

-mashume