In below code, I am getting syntax error for plotshape and several for label. Even for max / min I am getting too many arguments. I used label to get the value from intraburst formula as text. Will need help to resolve these.
//@version=4
study("Intraburst", overlay=true)
truemove = abs(open[2] - close) dayTrueHigh = max(high[1], high,
close[2]) dayTrueLow = min(low[1], low, close[2]) dayTrueRange =
dayTrueHigh - dayTrueLow intraburstLevel = truemove / dayTrueRange *
100
if intraburstLevel > 30
plotshape(series=intraburstLevel, text="ON", style=shape.circle, location=location.abovebar, color=color.green, size=size.normal) else
plotshape(series=intraburstLevel, text="OFF", style=shape.circle, location=location.abovebar, color=color.red, size=size.normal)
label = label.new(bar_index=0, yloc=y_top, xloc=xloc.bar_index,
text=tostring(intraburstLevel, "0.00"), size=size.large,
color=color.black) label.location = location.top label.y = y_top
label.x = x_right label.text = tostring(intraburstLevel, "0.00")
In a series, use a ternary operator.
Something like that:
plotshape(
intraburstLevel > 30 ? intraburstLevel : na,
text = "ON",
style = shape.circle,
location = location.abovebar,
color = color.green,
size = size.normal)
plotshape(
intraburstLevel <= 30 ? intraburstLevel : na,
text = "OFF",
style = shape.circle,
location = location.abovebar,
color = color.red,
size = size.normal)
and the label
label.new(
bar_index,
close,
tostring (intraburstLevel, "##.00"),
color = color.black,
textcolor = color.white)