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Thanks David – the reason is that not all scripts are appropriate for a watchlist column. Basically you can add any Boolean (true/false) condition eg CLOSE()>MA(BARS=50), or a value, such as RSI(BARS=14).
In your screenshot the example you show is for a tool that outputs 3 plots on a chart, which can’t be shown in a watchlist column. So to show the 50% level in the watchlist you would need to create a new script:
LLOW = LOWESTLOW(RANGE=All Time);
HHIGH = HIGHESTHIGH(RANGE=All Time);
(HHIGH + LLOW) / 2