Pring's Trend Deviation Script

Optuma Scripting
1

Hi guys,

Please see the script below.

//Calculate Moving Averages 
MA1 = MA(BARS=21, STYLE=Exponential, CALC=Close) ; 
MA2 = MA(BARS=63, CALC=Close, STYLE=Exponential) ; 
//Calculate Output Plots 
Plot1 = MA1 / MA2 ; 
Plot2 = MA(Plot1, BARS=9, CALC=Close, STYLE=Exponential) ; 
Plot3 = (Plot1 - Plot2) ; 
//Define Output Plots 
Plot1.Linestyle = Solid; Plot1.Color = Black; 
Plot1.LineWidth = 2; 
Plot2.Linestyle = Dash; 
Plot2.Color = Red; 
Plot3.Plotstyle = Histogram; 
Plot3.Color = Gray;

Plots 1 and 2 work perfectly - see picture 1. The problem I am having is when trying to display a histogram, called plot 3, which will subtract plot 2 from plot 1. Picture 2 is what happens. Please advise on how to correct this script so the histogram displays properly.

many thanks!

Picture1-2.jpg
Picture1-2.jpg1920×1040 285 KB

Picture2-2.jpg
Picture2-2.jpg1920×1040 270 KB

2

Hi Louis,

Your line Plot3 = (Plot1 - Plot2) ; is trying to subtract one array from another array. Plots are arrays and that doesn’t work. You need to do the subtraction on the creation of Plot3:

Plot3 = (MA1 / MA2) - (MA(Plot1, BARS=9, CALC=Close, STYLE=Exponential) );

Note that the values for Plot 3 are very small compared to Plot1 and Plot2, so to see the values all on one view you would need to multiply Plot3 by some factor, say 100, like this:

Plot3 = ((MA1 / MA2) - (MA(Plot1, BARS=9, CALC=Close, STYLE=Exponential) ) )* 100;

which will produce the result shown in the following screenshot:

20220416 Louis's Moving Averages

Cheers

Trevor

3

Thanks for letting me know. I want this think to look like a MACD, or PPO, or KST. The only difference in my formula I am doing a division to calculate plot 1 instead of subtraction or addition. Your solution does not allow plots 1 and 2 to be see as they are in picture 1 above. Any ideas?

4

Hi Louis,

See if this code results in what you are looking for:

//Calculate Moving Averages 
MA1 = MA(BARS=21, STYLE=Exponential, CALC=Close); 
MA2 = MA(BARS=63, CALC=Close, STYLE=Exponential); 
//Calculate Output Plots 
//Plot1 = (MA1 / MA2); 
Plot1 = (MA1 / MA2) - 1; 
Plot2 = MA(Plot1, BARS=9, CALC=Close, STYLE=Exponential); 
//Plot3 = (Plot1 - Plot2); 
Plot3 = ((MA1 / MA2 ) - 1) - (MA(Plot1, BARS=9, CALC=Close, STYLE=Exponential)); 
//Define Output Plots 
Plot1.Linestyle = Solid; 
Plot1.Color = Black; 
Plot1.LineWidth = 2; 
Plot2.Linestyle = Dash; 
Plot2.Color = Red; 
Plot3.Plotstyle = Histogram; 
Plot3.Color = Gray;

This is what is gives me:
20220417 Louis's Moving Averages
Cheers

Trevor

5

Hi Trevor. You nailed it! I was trying to multiply plot3, but your approach of subtracting 1 from plot1 was a great idea! Thank you so much.