Help on converting : Psychological line (PSY)

BITE1437 · 2020-07-20T16:10:52+00:00

Psychological line (PSY), as an indicator, is the ratio of the number of rising periods over the total number of periods. It reflects the buying power in relation to the selling power. If PSY is above 50%, it indicates that buyers are in control. Likewise, if it is below 50%, it indicates the sellers are in control. If the PSY moves along the 50% area, it indicates balance between the buyers and sellers and therefore there is no direction movement for the market. May I seek your assistance in converting the following tradingview code to prorealcode? // Psychological line (PSY), as an indicator, is the ratio of the number of // rising periods over the total number of periods. It reflects the buying // power in relation to the selling power. // // If PSY is above 50%, it indicates that buyers are in control. Likewise, // if it is below 50%, it indicates the sellers are in control. If the PSY // moves along the 50% area, it indicates balance between the buyers and // sellers and therefore there is no direction movement for the market. //////////////////////////////////////////////////////////// study(title=”Psychological line”) Length = input(20, minval=1) xPSY = sum(close > close[1],Length) / Length * 100 clr = iff(xPSY >= 50, green, red) p1 = plot(50, color=black, title=”0″) p2 = plot(xPSY, color=blue, title=”PSY”) fill(p1, p2, color=clr)

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
07/20/2020 at 5:10 PM #139697 quote

BITE1437
Participant

Average

Psychological line (PSY), as an indicator, is the ratio of the number of
rising periods over the total number of periods. It reflects the buying
power in relation to the selling power.

If PSY is above 50%, it indicates that buyers are in control. Likewise,
if it is below 50%, it indicates the sellers are in control. If the PSY
moves along the 50% area, it indicates balance between the buyers and
sellers and therefore there is no direction movement for the market.

May I seek your assistance in converting the following tradingview code to prorealcode?

// Psychological line (PSY), as an indicator, is the ratio of the number of
// rising periods over the total number of periods. It reflects the buying
// power in relation to the selling power.
//
// If PSY is above 50%, it indicates that buyers are in control. Likewise,
// if it is below 50%, it indicates the sellers are in control. If the PSY
// moves along the 50% area, it indicates balance between the buyers and
// sellers and therefore there is no direction movement for the market.
////////////////////////////////////////////////////////////
study(title=”Psychological line”)
Length = input(20, minval=1)
xPSY = sum(close > close[1],Length) / Length * 100
clr = iff(xPSY >= 50, green, red)
p1 = plot(50, color=black, title=”0″)
p2 = plot(xPSY, color=blue, title=”PSY”)
fill(p1, p2, color=clr)

07/21/2020 at 12:52 AM #139716 quote
robertogozzi
Moderator

Legend
There you go:
```
// Psychological Line (PSL or PSY) indicator
//
// https://www.prorealcode.com/topic/help-on-converting-psychological-line-psy/
//
// https://library.tradingtechnologies.com/trade/chrt-ti-psychological-line.html
// https://blog.iqoption.com/en/psychological-line-indicator-trading-strategy-tips/
// https://docs.anychart.com/Stock_Charts/Technical_Indicators/Psychological_Line_(PSY)
//
p    = 20
p    = max(2,min(999,p))
Up   = close > open
Psl  = summation[p](Up) / p * 100
RETURN Psl AS "PSL",50 AS "50"
```
you can set colours with its properties.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

New

Stuck on this ProBuilder code?

Describe what this topic is trying to build, in plain English, and ProRealAI writes the ProRealTime™ indicator, screener or system for you.

Available in 7 languages

Try ProRealAI

Help on converting : Psychological line (PSY)

ProBuilder: Indicators & Custom Tools

New Reply

Author

BITE1437 @bite1437 Participant

Summary

This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
6 years, 2 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	07/20/2020
Status:	Active
Attachments:	No files