Code issue with a new indicator

• 01/23/2025 at 11:46 AM #242979
  Fred76

  hello, i am trying to create this indicator but this part of the code is not recognized => “Plot1(HighJump, “High Jump”, color.red)”

  any idea anyone? thanks

  // High Jump Indicator
  // Calculates the percentage distances from the high price to the 17, 50, and 200 day moving averages.

  period17 = 17
  period50 = 50
  period200 = 200

  // Calculate the moving averages
  MA17 = Average[period17](Close)
  MA50 = Average[period50](Close)
  MA200 = Average[period200](Close)

  // Calculate the percentage distance from the high price to each moving average
  dist17 = (High – MA17) / MA17 * 100
  dist50 = (High – MA50) / MA50 * 100
  dist200 = (High – MA200) / MA200 * 100

  // High Jump Indicator is the sum of the distances
  HighJump = dist17 + dist50 + dist200

  // Plot the High Jump Indicator (using Plot1)
  Plot1(HighJump, “High Jump”, color.red)

  // Optionally, you can add a threshold line to indicate when the stock might be over-extended
  threshold = 10 // Example threshold for caution flag
  Plot2(threshold, “Threshold”, color.green)

  

  Fred76

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  01/23/2025 at 12:05 PM #242986
  Iván

  Hi. You are using language not allowed in probuilder.
  To draw an indicator you have to write it in a last line starting with RETURN.

  // High Jump Indicator // Calculates the percentage distances from the high price to the 17, 50, and 200 day moving averages. period17 = 17 period50 = 50 period200 = 200 // Calculate the moving averages MA17 = Average[period17](Close) MA50 = Average[period50](Close) MA200 = Average[period200](Close) // Calculate the percentage distance from the high price to each moving average dist17 = (High - MA17) / MA17 * 100 dist50 = (High - MA50) / MA50 * 100 dist200 = (High - MA200) / MA200 * 100 // High Jump Indicator is the sum of the distances HighJump = dist17 + dist50 + dist200 // Plot the High Jump Indicator (using Plot1) //Plot1(HighJump, "High Jump", color.red) // Optionally, you can add a threshold line to indicate when the stock might be over-extended threshold = 10 // Example threshold for caution flag //Plot2(threshold, "Threshold", color.green) return HighJump as "high Jump" coloured("red"), threshold as "Threshold" coloured("green")

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  // High Jump Indicator // Calculates the percentage distances from the high price to the 17, 50, and 200 day moving averages.   period17 = 17 period50 = 50 period200 = 200   // Calculate the moving averages MA17 = Average[period17](Close) MA50 = Average[period50](Close) MA200 = Average[period200](Close)   // Calculate the percentage distance from the high price to each moving average dist17 = (High - MA17) / MA17 * 100 dist50 = (High - MA50) / MA50 * 100 dist200 = (High - MA200) / MA200 * 100   // High Jump Indicator is the sum of the distances HighJump = dist17 + dist50 + dist200   // Plot the High Jump Indicator (using Plot1) //Plot1(HighJump, "High Jump", color.red)   // Optionally, you can add a threshold line to indicate when the stock might be over-extended threshold = 10 // Example threshold for caution flag //Plot2(threshold, "Threshold", color.green) return HighJump as "high Jump" coloured("red"), threshold as "Threshold" coloured("green")

  

  Iván

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  01/23/2025 at 8:12 PM #243039
  Fred76

  Makes sense
  thanks very much for this

  Fred

  

  Fred76

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