RicardoSantos

[RS]Timed Percentual Change V0

EXPERIMENTAL: time based percentual change.

note: each series uses it self as base reference so there's a bit a divergence.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?
study(title='[RS]Timed Percentual Change V0', overlay=false)
yyyy = input(2015)
mm = input(08)
dd = input(01)
SHOW_EXTREME = input(title='Show Extreme Range:', type=bool, defval=true)
f_get_percentual_src(_yyyy, _mm, _dd, _srctype)=>
    //--> remove data prior to date.
    _src = year < _yyyy or (year <= _yyyy and month < _mm) or (year <= _yyyy and month <= _mm and dayofmonth < _dd)  ? na : _srctype
    _basis_ad = valuewhen( na(_src[1]), _src, 0)
    _return = (_src/_basis_ad)*100

_open = f_get_percentual_src(yyyy, mm, dd, open)
_high = f_get_percentual_src(yyyy, mm, dd, high)
_low = f_get_percentual_src(yyyy, mm, dd, low)
_close = f_get_percentual_src(yyyy, mm, dd, close)
fc = close>open?lime:close<open?red:gray
plotcandle(_open, _high, _low, _close, color=fc, wickcolor=black)
hline(100, color=black)

top_extreme = na(top_extreme[1]) ? _high : max(max(_high, max(_open, _close)), top_extreme[1])
bot_extreme = na(bot_extreme[1]) ? _low : min(min(_low, min(_open, _close)), bot_extreme[1])

plot(not SHOW_EXTREME ? na : top_extreme, color=change(top_extreme)!=0?na:black)
plot(not SHOW_EXTREME ? na : bot_extreme, color=change(bot_extreme)!=0?na:black)
plot(not SHOW_EXTREME ? na : avg(top_extreme, bot_extreme), color=change(avg(bot_extreme, top_extreme))!=0?silver:black)