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linepine-script

How to delete a line when price breaks it in pine script?


  1. I'm attempting to delete a zone (which contains 2 lines) as per the below code

  2. delete function should be conditional:: only delete the zone (2 lines) when price breaks the lower line of the zone at any point in time after the zone has been created

//@version=4

study("zones", overlay=true)

// define a basing and explosive candles

basing_candle = ((abs(close - open)/abs(high - low)) < 0.5)

explosive_candle = (abs(close-open) / abs(high - low)) >= 0.5 and tr>tr[1] 

// functions

bc_r = basing_candle and close < open

ex_g = explosive_candle and close > open

// demand zone

demand_zone = bc_r[1] and ex_g and low>=low[1] and close>open[1]

dz = if demand_zone

    line.new(x1 = bar_index[1] ,y1=open[1], x2=bar_index, y2= open[1], style=line.style_solid, extend=extend.right, color=color.green, width=2)

    line.new(x1 = bar_index[1] ,y1=low[1], x2=bar_index, y2= low[1], style=line.style_solid, extend=extend.right, color=color.green, width= 2)

Solution

  • I've taken the concept of How can I keep only the last x labels or lines? and applied it to your problem.
    It's not the fastest code in the world, due to the for loop, but it'll work as you intened.

    //@version=4
    var maxBarsBack = 2000
    study("zones", overlay=true, max_bars_back=maxBarsBack)
    
    // define a basing and explosive candles
    basing_candle = ((abs(close - open)/abs(high - low)) < 0.5)
    explosive_candle = (abs(close-open) / abs(high - low)) >= 0.5 and tr>tr[1] 
    
    // functions
    bc_r = basing_candle and close < open
    ex_g = explosive_candle and close > open
    
    // demand zone
    demand_zone = bc_r[1] and ex_g and low>=low[1] and close>open[1]
    
    line l1 = na
    line l2 = na
    
    dz = if demand_zone and barstate.isconfirmed
        l1 := line.new(x1 = bar_index[1] ,y1=open[1], x2=bar_index, y2= open[1], style=line.style_solid, extend=extend.right, color=color.green, width=2)
        l2 := line.new(x1 = bar_index[1] ,y1=low[1], x2=bar_index, y2= low[1], style=line.style_solid, extend=extend.right, color=color.green, width= 2)
    
    for i = 1 to maxBarsBack
        if not na(l1[i]) and close < low[i]
            // We have identified a bar where a line was created.
            line.delete(l1[i])
            line.delete(l2[i])