One can easily determine the trend
Here is a screenshot of how the indicator looks:
_SECTION_BEGIN("Patterns Wave");
Change = Param("Wave Period",6,0,100,1);
WaveLineColor = ParamColor("Wave Color", colorWhite );
procedure PlotShapeAt( x, y, shape, shift )
{
PlotShapes( IIf( BarIndex() == x, shape, 0 ), WaveLineColor, 0, y, shift );
}
WavePattern=ParamToggle("Wave","No|Yes",0);
if(WavePattern)
{
bi = BarIndex();
sbi = SelectedValue( bi );
GraphXSpace = 2;
Plot( Zig( C, Change ), "", WaveLineColor, ParamStyle("Wave Style", styleThick|styleNoLabel|styleNoTitle) );
upshift = 15;
if( SelectedValue( PeakBars( C, Change ) < TroughBars( C, Change ) ) )
{
pt1 = PeakBars( C, Change, 1 ) == 0 ;
pt2 = TroughBars( C, Change, 1 ) == 0 ;
}
else
{
pt1 = TroughBars( C, Change, 1 ) == 0 ;
pt2 = PeakBars( C, Change, 1 ) == 0 ;
upshift = -upshift;
}
bpt1 = SelectedValue( ValueWhen( pt1, bi ) );
bpt2 = SelectedValue( ValueWhen( pt2, bi ) );
bpt3 = SelectedValue( ValueWhen( pt1, bi, 2 ) );
bpt4 = SelectedValue( ValueWhen( pt2, bi, 2 ) );
bpt5 = SelectedValue( ValueWhen( pt1, bi, 3 ) );
bpt6 = SelectedValue( ValueWhen( pt2, bi, 3 ) );
PlotShapeAt( bpt1, C, shapeDigit5, upshift );
PlotShapeAt( bpt2, C, shapeDigit4, -upshift );
PlotShapeAt( bpt3, C, shapeDigit3, upshift );
PlotShapeAt( bpt4, C, shapeDigit2, -upshift );
PlotShapeAt( bpt5, C, shapeDigit1, upshift );
}
_SECTION_END();
_SECTION_BEGIN("MACD Fill");
PeriodEMA = 13;
MACDIndicatorRange = 50;
VolumeFilter = Param( "Volume MA filter", 100000, 50000, 500000, 100000 );
Timeframe = Interval(2);
if( Timeframe == "5-day" || Timeframe == "Weekly" ) {
VolumeFilter = VolumeFilter * 5;
}
else if( Timeframe == "Monthly") {
VolumeFilter = VolumeFilter * 20;
}
else if( Timeframe != "Daily" ) {
VolumeFilter = 0;
}
MACDDivMinWidth = Param("Divergence min width", 4, 1, 10, 1 );
HistMinWidth = Param("Histogram min width", 4, 1, 10, 1 );
PeriodEMA = Optimize( "PeriodEMA ", 13, 5, 23, 1 );
OpenPositions = 10;
ATRPeriod = 5;
InitialCapital = 100000;
PeriodFast = Param( "Fast EMA", 8, 2, 200, 1 );
PeriodSlow = Param( "Slow EMA", 17, 2, 200, 1 );
PeriodSignal = Param( "Signal EMA", 9, 2, 200, 1 );
MACDInd = MACD(PeriodFast, PeriodSlow );
SigInd = Signal(PeriodFast, PeriodSlow , PeriodSignal );
HistInd = MACDInd - SigInd ;
_N( macdStr = WriteVal( PeriodFast, 1.0 )+","+WriteVal( PeriodSlow , 1.0 ) );
_N( sigStr = macdStr + ","+WriteVal( PeriodSignal , 1.0 ) );
// Get displayed min and max value of MACD and MACD-H, to rescale it for better visibility
scMACDMax = LastValue(HHV(Max(MACDInd, sigInd),
BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) )));
scMACDMin = LastValue(LLV(Min(MACDInd, sigInd),
BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) )));
scaleMACD = Max( abs(scMACDMax), abs(scMACDMin) );
scHistMax = LastValue(HHV(HistInd,
BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) )));
scHistMin = LastValue(LLV(HistInd,
BarsSince( Status("barvisible") AND NOT Ref(Status("barvisible"),-1) )));
scaleHist = Max( abs(scHistMax), abs(scHistMin) );
_SECTION_END();
_SECTION_BEGIN("Candle Detail");
Candletype=ParamList("Candle Type","Candle|Haikin",1);
UpCandle = ParamColor("Up Color", colorBrightGreen );
DownCandle = ParamColor("Down Color", colorRed );
Consolidation = ParamColor("Consolidation", colorWhite );
MACDColorUp = ParamColor("MACD Up", colorDarkGreen );
MACDColorDown = ParamColor("MACD Down", colorDarkRed );
Prd1=Param("ATR Period",4,1,20,1);
Prd2=Param("Look Back",8,1,20,1);
if(Candletype=="Candle")
{
CandleColor = IIf(O > C, DownCandle, UpCandle);
Plot( Close, "Price", CandleColor, styleCandle );
}
else if(Candletype=="Haikin")
{
HaClose = (O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.3 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
HaClose = (O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.3 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
BrightGreen=HHV(LLV(L,Prd1)+ATR(Prd1),Prd2);
BrightRed=LLV(HHV(H,Prd1)-ATR(Prd1),Prd2);
xDiff = (HaHigh - Halow) * IIf(StrFind(Name(),"JPY"),100,10000);
barcolor = IIf(C>BrightGreen ,UpCandle,IIf(C < BrightRed,DownCandle,Consolidation));
SetBarFillColor( IIf(MACDInd >SigInd, MACDColorUp,MACDColorDown) );
PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "", barcolor, styleCandle );
}
_SECTION_END();
_SECTION_BEGIN("Guppy");
Guppy=ParamToggle("Guyyp","No|Yes",0);
if(Guppy)
{
Plot( EMA( C, 30 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) );
Plot( EMA( C, 35 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) );
Plot( EMA( C, 40 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) );
Plot( EMA( C, 45 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) );
Plot( EMA( C, 50 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) );
Plot( EMA( C, 55 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) );
Plot( EMA( C, 60 ),"", ParamColor( "Color", colorYellow ), ParamStyle("Chart Style", styleLine|styleNoLabel) );
}
_SECTION_END();
_SECTION_BEGIN("Support-Resistance");
SupRes=ParamToggle("Sup-Res","No|Yes",1);
SupResA = Param("Sup-Res A Period",20,0,100,1);
SupResB = Param("Sup-Res B Period",25,0,100,1);
Res1 = ParamColor("Resistance High", colorRed );
Res2 = ParamColor("Resistance Low", colorDarkRed );
Sup1 = ParamColor("Support High", colorDarkGreen );
Sup2 = ParamColor("Support Low", colorBrightGreen );
if(SupRes)
{
MaxGraph = 12;
BuyOffSet = SupResA;//Optimize("BuyOffSet",18,15,20,1);
SellOffset = BuyOffSet;//Optimize("SellOffset",2,2,14,2);
RegLength = 5;//Optimize("RegLength",5, 2,11,2);
BuyATRPeriod = 2;//Optimize("BuyATRPeriod",2,2,5,1);
SellATRPeriod = BuyATRPeriod;//Optimize("SellATRPeriod",4,2,11,2);
ATRMultiplier = 0.5;//Optimize("ATRMultiplier",1,0.7,1.25,.05);
SuppA = HHV(H-ATRMultiplier*ATR(BuyATRPeriod),BuyOffset); /* RED */
RessB = LLV(L+ATRMultiplier*ATR(SellATRPeriod),SellOffset); /* GREEN */
Plot(SuppA,"",sup1,ParamStyle("Sup-Res A Style", styleDashed|styleNoTitle) );
Plot(RessB,"",res2,ParamStyle("Sup-Res A Style", styleDashed|styleNoTitle) );
nn=SupResB;
mmm=100;
TYP=(High + Low + 2*Close)/4;
CI=(TYP-MA(TYP,14))/(0.015*StDev(TYP,14));
CCCI=EMA(CI,5)+mmm;
Hh=HHV(H,nn);
Ll=LLV(L,nn);
MM=(Hh+Ll)/2;
CCCC=EMA(CCCI*(Hh-Ll)/(2*mmm)+Ll,5);
Plot(Hh,"",Res1, ParamStyle("Sup-Res B Style", styleThick|styleNoTitle) );
Plot(Ll,"",Sup2, ParamStyle("Sup-Res B Style", styleThick|styleNoTitle) ) ;
}
_SECTION_END();
_SECTION_BEGIN("BB");
BBand=ParamToggle("B.Band","No|Yes",0);
if(BBand)
{
pr1=Param( "Period1",20,0,100,1);
pr2=Param( "Period2",2,0,100,1);
BBColor = ParamColor( "Band Color", colorGrey50 );
Cloud = ParamColor( "Cloud", colorDarkGrey );
Style = styleNoRescale | styleNoLabel |styleDashed;
BBT=BBandTop(C,pr1,pr2);
BBB=BBandBot(C,pr1,pr2);
topcond = (Cross(BBT,C)OR C>BBT)AND Ref(C, -1)> BBT;
botcond = ( Cross(C,BBB))AND Ref(C, -1 < BBB);
Plot( BBT, "BBTop" + _PARAM_VALUES(), BBColor, ParamStyle("BBand Style", styleLine|styleNoLabel|styleNoTitle) );
Plot( BBB, "BBBot" + _PARAM_VALUES(), BBColor, ParamStyle("BBand Style", styleLine|styleNoLabel|styleNoTitle) );
PlotOHLC( BBT,BBT,BBB,BBB, "", Cloud,styleCloud|styleNoLabel );
}
_SECTION_END();
_SECTION_BEGIN("Pivot");
nBars = Param("Number of bars", 12, 5, 40);
bShowTCZ = Param("Show TCZ", 1, 0, 1);
nExploreBarIdx = 0;
nExploreDate = 0;
nCurDateNum = 0;
DN = DateNum();
DT = DateTime();
bTCZLong = False;
bTCZShort = False;
nAnchorPivIdx = 0;
ADX8 = ADX(8);
if(Status("action")==1) {
bDraw = True;
bUseLastVis = 1;
} else {
bDraw = False;
bUseLastVis = False;
bTrace = 1;
nExploreDate = Status("rangetodate");
for (i=LastValue(BarIndex());i>=0;i--) {
nCurDateNum = DN[i];
if (nCurDateNum == nExploreDate) {
nExploreBarIdx = i;
}
}
}
GraphXSpace=7;
if (bDraw) {
}
aHPivs = H - H;
aLPivs = L - L;
aHPivHighs = H - H;
aLPivLows = L - L;
aHPivIdxs = H - H;
aLPivIdxs = L - L;
aAddedHPivs = H - H;
aAddedLPivs = L - L;
aLegVol = H - H;
aRetrcVol = H - H;
nHPivs = 0;
nLPivs = 0;
lastHPIdx = 0;
lastLPIdx = 0;
lastHPH = 0;
lastLPL = 0;
curPivBarIdx = 0;
aHHVBars = HHVBars(H, nBars);
aLLVBars = LLVBars(L, nBars);
aHHV = HHV(H, nBars);
aLLV = LLV(L, nBars);
nLastVisBar = LastValue(
Highest(IIf(Status("barvisible"), BarIndex(), 0)));
curBar = IIf(nlastVisBar > 0 AND bUseLastVis, nlastVisBar,
IIf(Status("action")==4 AND nExploreBarIdx > 0, nExploreBarIdx,
LastValue(BarIndex())));
curTrend = "";
if (aLLVBars[curBar] < aHHVBars[curBar])
curTrend = "D";
else
curTrend = "U";
if (curBar >= 120) {
for (i=0; i<120; i++) {
curBar = IIf(nlastVisBar > 0 AND bUseLastVis,
nlastVisBar-i,
IIf(Status("action")==4 AND nExploreBarIdx > 0,
nExploreBarIdx-i,
LastValue(BarIndex())-i));
if (aLLVBars[curBar] < aHHVBars[curBar]) {
if (curTrend == "U") {
curTrend = "D";
curPivBarIdx = curBar - aLLVBars[curBar];
aLPivs[curPivBarIdx] = 1;
aLPivLows[nLPivs] = L[curPivBarIdx];
aLPivIdxs[nLPivs] = curPivBarIdx;
nLPivs++;
}
} else {
if (curTrend == "D") {
curTrend = "U";
curPivBarIdx = curBar - aHHVBars[curBar];
aHPivs[curPivBarIdx] = 1;
aHPivHighs[nHPivs] = H[curPivBarIdx];
aHPivIdxs[nHPivs] = curPivBarIdx;
nHPivs++;
}
}
}
}
curBar =
IIf(nlastVisBar > 0 AND bUseLastVis,
nlastVisBar,
IIf(Status("action")==4 AND nExploreBarIdx > 0,
nExploreBarIdx,
LastValue(BarIndex()))
);
if (nHPivs >= 2 AND nLPivs >= 2) {
lastLPIdx = aLPivIdxs[0];
lastLPL = aLPivLows[0];
lastHPIdx = aHPivIdxs[0];
lastHPH = aHPivHighs[0];
nLastHOrLPivIdx = Max(lastLPIdx, lastHPIdx);
nAddPivsRng = curBar - nLastHOrLPivIdx;
aLLVAfterLastPiv = LLV(L, nAddPivsRng);
nLLVAfterLastPiv = aLLVAfterLastPiv[curBar];
aLLVIdxAfterLastPiv = LLVBars(L, nAddPivsRng);
nLLVIdxAfterLastPiv = curBar - aLLVIdxAfterLastPiv[curBar];
aHHVAfterLastPiv = HHV(H, nAddPivsRng);
nHHVAfterLastPiv = aHHVAfterLastPiv[curBar];
aHHVIdxAfterLastPiv = HHVBars(H, nAddPivsRng);
nHHVIdxAfterLastPiv = curBar - aHHVIdxAfterLastPiv[curBar];
if (lastHPIdx > lastLPIdx) {
if (aHPivHighs[0] < aHPivHighs[1]) {
if (nLLVAfterLastPiv < aLPivLows[0] AND
(nLLVIdxAfterLastPiv - lastHPIdx - 1) >= 1
AND nLLVIdxAfterLastPiv != curBar ) {
aLPivs[nLLVIdxAfterLastPiv] = 1;
aAddedLPivs[nLLVIdxAfterLastPiv] = 1;
for (j=0; j<nLPivs; j++) {
aLPivLows[nLPivs-j] = aLPivLows[nLPivs-(j+1)];
aLPivIdxs[nLPivs-j] = aLPivIdxs[nLPivs-(j+1)];
}
aLPivLows[0] = nLLVAfterLastPiv;
aLPivIdxs[0] = nLLVIdxAfterLastPiv;
nLPivs++;
}
} else {
if (nLLVAfterLastPiv > aLPivLows[0] AND
(nLLVIdxAfterLastPiv - lastHPIdx - 1) >= 1
AND nLLVIdxAfterLastPiv != curBar ) {
aLPivs[nLLVIdxAfterLastPiv] = 1;
aAddedLPivs[nLLVIdxAfterLastPiv] = 1;
for (j=0; j<nLPivs; j++) {
aLPivLows[nLPivs-j] = aLPivLows[nLPivs-(j+1)];
aLPivIdxs[nLPivs-j] = aLPivIdxs[nLPivs-(j+1)];
}
aLPivLows[0] = nLLVAfterLastPiv;
aLPivIdxs[0] = nLLVIdxAfterLastPiv;
nLPivs++;
}
}
} else {
if (aHPivHighs[0] < aHPivHighs[1]) {
if (nHHVAfterLastPiv < aHPivHighs[0] AND
(nHHVIdxAfterLastPiv - lastLPIdx - 1) >= 1
AND nHHVIdxAfterLastPiv != curBar ) {
aHPivs[nHHVIdxAfterLastPiv] = 1;
aAddedHPivs[nHHVIdxAfterLastPiv] = 1;
for (j=0; j<nHPivs; j++) {
aHPivHighs[nHPivs-j] = aHPivHighs[nHPivs-(j+1)];
aHPivIdxs[nHPivs-j] = aHPivIdxs[nhPivs-(j+1)];
}
aHPivHighs[0] = nHHVAfterLastPiv;
aHPivIdxs[0] = nHHVIdxAfterLastPiv;
nHPivs++;
}
} else {
if (nHHVAfterLastPiv > aHPivHighs[0] AND
(nHHVIdxAfterLastPiv - lastLPIdx - 1) >= 1
AND nHHVIdxAfterLastPiv != curBar ) {
aHPivs[nHHVIdxAfterLastPiv] = 1;
aAddedHPivs[nHHVIdxAfterLastPiv] = 1;
for (j=0; j<nHPivs; j++) {
aHPivHighs[nHPivs-j] = aHPivHighs[nHPivs-(j+1)];
aHPivIdxs[nHPivs-j] = aHPivIdxs[nhPivs-(j+1)];
}
aHPivHighs[0] = nHHVAfterLastPiv;
aHPivIdxs[0] = nHHVIdxAfterLastPiv;
nHPivs++;
}
}
}
}
if (bDraw) {
PivotEntry = ParamColor( "Entry Color", colorBrightGreen );
PivotEntry2 = ParamColor( "Entry Color2", colorYellow );
PivotExit = ParamColor( "Exit Color", colorRed );
PivotExit2 = ParamColor( "Exit Color2", colorYellow );
PlotShapes(
IIf(aHPivs==1, shapeSquare, shapeNone),
PivotExit, 0, High, Offset=30);
PlotShapes(
IIf(aAddedHPivs==1, shapeSquare, shapeNone),
PivotExit2, 0, High, Offset=30);
PlotShapes(
IIf(aLPivs==1, shapeSquare , shapeNone),
PivotEntry, 0, Low, Offset=-30);
PlotShapes(
IIf(aAddedLPivs==1, shapeSquare , shapeNone),
PivotEntry2, 0, Low, Offset=-30);
PlotShapes(
IIf(aHPivs==1, shapeSquare, shapeNone),
colorBlack, 0, High, Offset=35);
PlotShapes(
IIf(aAddedHPivs==1, shapeSquare, shapeNone),
colorBlack, 0, High, Offset=35);
PlotShapes(
IIf(aLPivs==1, shapeSquare , shapeNone),
colorBlack, 0, Low, Offset=-35);
PlotShapes(
IIf(aAddedLPivs==1, shapeSquare , shapeNone),
colorBlack, 0, Low, Offset=-35);
}
risk = 0;
profInc = 0;
nLeg0Pts = 0;
nLeg0Bars = 0;
nLeg0Vol = 0;
nLeg1Pts = 0;
nLeg1Bars = 0;
nLeg1Vol = 0;
nLegBarsDiff = 0;
nRtrc0Pts = 0;
nRtrc0Bars = 0;
nRtrc0Vol = 0;
nRtrc1Pts = 0;
nRtrc1Bars = 0;
nRtrc1Vol = 0;
minRtrc = 0;
maxRtrc = 0;
minLine = 0;
maxLine = 0;
triggerLine = 0;
firstProfitLine = 0;
triggerInc = 0;
triggerPrc = 0;
firstProfitPrc = 0;
retrcPrc = 0;
retrcBar = 0;
retrcBarIdx = 0;
retrcRng = 0;
aRetrcPrc = H-H;
aRetrcPrcBars = H-H;
aRetrcClose = C;
retrcClose = 0;
if (nHPivs >= 2 AND
nLPivs >=2 AND
aHPivHighs[0] > aHPivHighs[1] AND
aLPivLows[0] > aLPivLows[1]) {
tcz500 =
(aHPivHighs[0] -
(.5 * (aHPivHighs[0] - aLPivLows[1])));
tcz618 =
(aHPivHighs[0] -
(.618 * (aHPivHighs[0] - aLPivLows[1])));
tcz786 =
(aHPivHighs[0] -
(.786 * (aHPivHighs[0] - aLPivLows[0])));
retrcRng = curBar - aHPivIdxs[0];
aRetrcPrc = LLV(L, retrcRng);
aRetrcPrcBars = LLVBars(L, retrcRng);
retrcPrc = aRetrcPrc[curBar];
retrcBarIdx = curBar - aRetrcPrcBars[curBar];
retrcClose = aRetrcClose[retrcBarIdx];
// -- bTCZLong setup?
bTCZLong = (
// -- Are retracement levels arranged in
// tcz order?
// .500 is above .786 for long setups
tcz500 >= (tcz786 * (1 - .005))
AND
// .681 is below .786 for long setups
tcz618 <= (tcz786 * (1 + .005))
AND
// -- Is the low in the tcz range
// -- Is the close >= low of tcz range
// and low <= high of tcz range
retrcClose >= ((1 - .01) * tcz618)
AND
retrcPrc <= ((1 + .01) * tcz500)
);
// -- risk would be high of signal bar minus low of zone
//risk = 0;
// -- lower highs and lower lows
} else if (nHPivs >= 2 AND nLPivs >=2
AND aHPivHighs[0] < aHPivHighs[1]
AND aLPivLows[0] < aLPivLows[1]) {
tcz500 =
(aHPivHighs[1] -
(.5 * (aHPivHighs[1] - aLPivLows[0])));
tcz618 =
(aHPivHighs[0] -
(.618 * (aHPivHighs[1] - aLPivLows[0])));
tcz786 =
(aHPivHighs[0] -
(.786 * (aHPivHighs[0] - aLPivLows[0])));
retrcRng = curBar - aLPivIdxs[0];
aRetrcPrc = HHV(H, retrcRng);
retrcPrc = aRetrcPrc[curBar];
aRetrcPrcBars = HHVBars(H, retrcRng);
retrcBarIdx = curBar - aRetrcPrcBars[curBar];
retrcClose = aRetrcClose[retrcBarIdx];
bTCZShort = (
// -- Are retracement levels arranged in
// tcz order?
// .500 is below .786 for short setups
tcz500 <= (tcz786 * (1 + .005))
AND
// .681 is above .786 for short setups
tcz618 >= (tcz786 * (1 - .005))
AND
// -- Is the close <= high of tcz range
// and high >= low of tcz range
retrcClose <= ((1 + .01) * tcz618)
AND
retrcPrc >= ((1 - .01) * tcz500)
);
// -- Risk would be top of zone - low of signal bar
//risk = 0;
}
// -- Show zone if present
if (bTCZShort OR bTCZLong) {
// -- Be prepared to see symmetry
if (bTCZShort) {
if (aLPivIdxs[0] > aHPivIdxs[0]) {
// -- Valuable, useful symmetry information
nRtrc0Pts = aHPivHighs[0] - aLPivLows[1];
nRtrc0Bars = aHPivIdxs[0] - aLPivIdxs[1] + 1;
nRtrc1Pts = retrcPrc - aLPivLows[0];
nRtrc1Bars = retrcBarIdx - aLPivIdxs[0] + 1;
} else {
nRtrc0Pts = aHPivHighs[1] - aLPivLows[1];
nRtrc0Bars = aHPivIdxs[1] - aLPivIdxs[1] + 1;
nRtrc1Pts = aHPivHighs[0] - aLPivLows[0];
nRtrc1Bars = aHPivIdxs[0] - aLPivIdxs[0] + 1;
}
} else { // bLongSetup
if (aLPivIdxs[0] > aHPivIdxs[0]) {
nRtrc0Pts = aHPivHighs[0] - aLPivLows[1];
nRtrc0Bars = aHPivIdxs[0] - aLPivIdxs[1] + 1;
nRtrc1Pts = retrcPrc - aLPivLows[0];
nRtrc1Bars = retrcBarIdx - aLPivIdxs[0] + 1;
} else {
nRtrc0Pts = aHPivHighs[1] - aLPivLows[0];
nRtrc0Bars = aLPivIdxs[0] - aHPivIdxs[1] + 1;
nRtrc1Pts = aHPivHighs[0] - aLPivLows[0];
nRtrc1Bars = aLPivIdxs[0] - aHPivIdxs[0] + 1;
}
}
if (bShowTCZ) {
Plot(
LineArray( IIf(bTCZLong, aHPivIdxs[0], aLPivIdxs[0]),
tcz500, curBar, tcz500 , 0),
"tcz500", colorPaleBlue, styleLine|styleNoTitle|Stylehidden);
Plot(
LineArray( IIf(bTCZLong, aHPivIdxs[0], aLPivIdxs[0]),
tcz618, curBar, tcz618, 0),
"tcz618", colorPaleBlue, styleLine|styleNoTitle|styleHidden);
Plot(
LineArray( IIf(bTCZLong, aHPivIdxs[0], aLPivIdxs[0]),
tcz786, curBar, tcz786, 0),
"tcz786", colorTurquoise, styleLine|styleNoTitle|StyleHidden);
}
// -- if (bShowTCZ)
}
if (bDraw) {
Title = Name() + " (" + StrLeft(FullName(), 10) +
") ATR: " + NumToStr(ATR(1), 4.2) + " ( " +
NumToStr((C - Ref(C, -1)), 4.2) + " / " +
NumToStr((((C - Ref(C, -1)) / Ref(C, -1)) * 100), 2.1) + "% ) " +
WriteVal( SelectedValue( DateTime() ), formatDateTime) +
// "Risk: " + WriteVal(risk, 2.1) + "% \n" +
WriteVal(nRtrc1Pts, 2.1) + " \n" +
WriteVal(nRtrc1Bars, 2.0);
}
// **************************
// END INDICATOR CODE
// **************************
_SECTION_END();
_SECTION_BEGIN("Title");
Title = StrFormat("\\c02{{NAME}}.....{{DATE}}.....Open @ %g.....High @ %g.....Low @ %g.....Close @ %g.....Change = %.1f%%
Volume = " +WriteVal( V, 1.0 ) +", {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) )
;
_SECTION_END();
_SECTION_BEGIN("Beta Adjusted Trailing Stops by Southwind");
//Concept from Bulkowski’s Stop Placement
dif=Ref(High,0)-Ref(Low,0);
dif1=Ref(High,-1)-Ref(Low,-1);
dif2=Ref(High,-2)-Ref(Low,-2);
dif3=Ref(High,-3)-Ref(Low,-3);
dif4=Ref(High,-4)-Ref(Low,-4);
dif5=Ref(High,-5)-Ref(Low,-5);
dif6=Ref(High,-6)-Ref(Low,-6);
dif7=Ref(High,-7)-Ref(Low,-7);
dif8=Ref(High,-8)-Ref(Low,-8);
dif9=Ref(High,-9)-Ref(Low,-9);
dif10=Ref(High,-10)-Ref(Low,-10);
dif11=Ref(High,-11)-Ref(Low,-11);
dif12=Ref(High,-12)-Ref(Low,-12);
dif13=Ref(High,-13)-Ref(Low,-13);
dif14=Ref(High,-14)-Ref(Low,-14);
dif15=Ref(High,-15)-Ref(Low,-15);
Sumdif=(dif+dif1+dif2+dif3+dif4+dif5+dif6+dif7+dif8+dif9+dif10+dif11+dif12+dif13+dif14+dif15)/16;
mp = Param("Multiplier",2,0.25,5,0.25);
Sumdifml=(Sumdif*1);
Sumdifml2=(Sumdif*1.6);
Sumdifml3=(Sumdif*mp);
Betastops=HHV(C,20) - Sumdifml;
Betastops2=HHV(C,15) - Sumdifml2;
//BetastopsO=Ref(L,-1)-sumdifml;
//Plot(betastopsO,"BATS",ParamColor("", colorGreen) ,ParamStyle("",styleLine|styleThick|styleStaircase,maskAll));
Plot(Betastops, "A", ParamColor( "Color", colorYellow ),ParamStyle("Style",styleThick,maskAll));
Plot(Betastops2, "B", ParamColor( "Color2", colorGold ),ParamStyle("Style2",styleThick,maskAll));
//Plot(Sumdifml,"DifferenceX",3,styleNoLine |styleNoLabel);
//Plot(sumdif,"AvgDifference",25,styleNoLine |styleNoLabel);
//Plot(dif10,"AvgDifference1",26,styleNoLine |styleNoLabel);
_SECTION_END();
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