Show Only "True" Rows in Perspective Table

One of many options:

def transform(self, value, quality, timestamp):
	in_range_values = 0
	out_of_range_indices = []
	colCount = value.getColumnCount()
	for row in range(value.getRowCount()):
		if 16 < value.getValueAt(row,1) < 27:
			in_range_values += 1
		else:	
			out_of_range_indices.append(row)
	rowsRemoved = system.dataset.deleteRows(value, out_of_range_indices)
	newDataset = system.dataset.addColumn(rowsRemoved, colCount, in_range_values, "results", bool)	
	return newDataset

Ignition Extensions, my free convenience function module, also adds a system.dataset.filter function, so you could rewrite your code as:

def transform(self, value, quality, timestamp):
	in_range_values = []
	colCount = value.getColumnCount()
	for row in range(value.getRowCount()):
		in_range_values.append(16 < value.getValueAt(row,1) < 27)
	addedColumn = system.dataset.addColumn(rowsRemoved, colCount, in_range_values, "results", bool)
	newDataset = system.dataset.filter(addedColumn, lambda **columns: columns["results"])
	return newDataset
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