OPEN-SOURCE SCRIPT
Plot Level on Threshold Exceed
Updated
This script plots a line for X minutes, when the given reference source (which could be another indicator like volume, etc), exceeds the fixed value threshold.
There is a line limit in TV, so only the most recent 40 lines are plotted
There is a line limit in TV, so only the most recent 40 lines are plotted
Release Notes
Added numerous other threshold types (sma, ema, wma, rma, swma, percentiles)Added custom comparator logic (<, <=, =, >, >=)
Added threshold multiplier
Added ability to plot threshold itself
Release Notes
Added in sample session filter (only include samples during desired session times)Added in percentiles and stddev/ma thresholds
Added in efficiencies for line management
Added in plotshape functionality
Release Notes
Threshold offset field added to prevent current bar influencing the threshold itself (if desired)Release Notes
Updated with additional capabilities for plotarrow and plotcharRelease Notes
Updated for cross-based comparatorsRelease Notes
Updated arrow logic to be in line with threshold break direction, or alternatively select to reverse this logic.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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