CODEWITHSUNDEEP
pine-script
Justin
Justin

Reputation: 3

Pinescript issue indexing variable in IF statement

I am trying to index a variable so it only triggers up to a max of 5 times after the initial condition is met. I am having issues with the if statement. Here is a tradingview screenshot link of the objective https://www.tradingview.com/x/JimOkiQO/

redcon = x > high and open[1] < out1[1]

var counter = 0
red = redcon
if not (high > out2 and low < out2) and not (high > out3 and low < out3)
    redcon 
    red := redcon
    for i = -5 to 0 by 1 
        counter := counter[abs(i-1)]
        if counter == 0
            red != redcon
            break

barcolor(red ? color.yellow : na)

Upvotes: 0

Views: 961

Answers (1)

Lucem
Lucem

Reputation: 3082

Using a loop is a bad practice Set a var that you update once your conditions are validated

Here is an example

// © LucemAnb

//@version=4
study("PullBack Limit", overlay=true)

max_pullbacks = 5

pull = ema(close, 21)
trend = ema(close, 100)

plot(pull, "Pull", color.blue, 2)
plot(trend, "Trend", pull>trend ? color.teal : color.maroon, 2)

var pullbacks = 0

long_pullback = crossunder(low, pull) and pull > trend
short_pullback = crossover(high, pull) and pull < trend

if long_pullback or short_pullback
    pullbacks := pullbacks + 1

if cross(pull, trend)
    pullbacks := 0

bgcolor( pullbacks < max_pullbacks ? ( long_pullback ? color.purple : short_pullback ? color.yellow : na) : na )

The pullbacks will stop being shown once the maximum specified limit is reached

Upvotes: 2

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