Plot lines are marked at $1 , $0.90 , $0.80 and plot line color changes depending on its current price for a quick visual reference.
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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 a publication is governed by House Rules. You can favorite it to use it on a chart.
//@version=2 // SBD steempeg indicator by @ausbitbank // https://steemit.com/@ausbitbank // Work in progress v0.1 (@version on line1 is to enable pinescript if statements .. TIL) study(title = "SBD steempeg v0.1", shorttitle = "SBD steempeg indicator") polosbdbtc = security("POLONIEX:SBDBTC",period, close) bitfinexbtcusd = security("BITFINEX:BTCUSD",period, close) polosteembtc = security("POLONIEX:STEEMBTC",period,close) polosbdpeg = (polosbdbtc*bitfinexbtcusd) plotcolor = if polosbdpeg<1 if polosbdpeg<0.9 red else orange else green plot(polosbdpeg,color=plotcolor,linewidth=2) plot(1,color=green) plot(0.9,color=yellow) plot(0.8,color=orange)