Why does the script plot what it does ?

R

rlewkov

New member
There is a post on June 19, 2014 09:17AM at this URL: https://researchtrade.com/forum/read.php?7,2258,page=7
That shows this script:
plot Pivot = (high(period = "day" )[1] + low(period = "day" )[1]) / 2;
Pivot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
Pivot.SetDefaultColor(Color.ORANGE);
Pivot.SetLineWeight(2);

Which displays ... (questions to follow)

Questions:
Why is the line only plotted across one day (open of day 1 to open of day 2) ?
The plot statement says, at least to me, plot this Y value. Why does the line not extend for 6 days, 10 days, ... til the end of time?
I'm sure there's a good reason.
 
R

rlewkov

New member
Thanks for your reply. I thought that the period parameter was involved .. of course I have a few more questions.
Did TOS decide to display an intraday chart because of this plot (period = "day")
If I go in TOS and change the display period to Daily or Weekly would the script overrule the chart setting and still display as intraday?
Being new to TOS script am trying to get an idea of how the various script statements (plot, etc) interact and work together.
Probably be a good idea if I experiment a bit to answer my own questions :)
 

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