Scatter Plot Analysis of RSI, Stochastic, Williams%R and ADX

v11
Scatter Plot Analysis of RSI, Stochastic, Williams%R and ADX

This indicator can analyse the four indicators RSI, Stochastic, Williams%R and ADX and present the results in a scatter chart.

This indicator only works on PRTv11 onwards.

Each of these bounded indicators returns a result between zero and 100. Every candles returned value is calculated rounded up and then a win rate and profit and loss calculated on where price was ‘BarsAfter’ candles later and stored for that returned indicator value. The results are further separated into results for if our tested candle was a red candle or a green candle. The results are then displayed in a scatter chart and also as text to the left of the scatter chart. Sample size is also calculated and displayed so that we can see how big a sample the results are calculated on.

So for example on the DJI daily if we check the RSI indicator and base our calculations on 2 bars after we can see that if the RSI returned a value of 35 (actually >34 and <=35) then we had 192 candles in our history with an RSI value of 35 with 57 of them being green and 135 red. We can then also see the win rate for if we went long on green candles with RSI=35 and exited after two bars or short on green candles with RSI=35 and exited after two bars – and the same for long on red or short on red.

If we switch ‘ProfitLoss’ on then the scatter chart changes so we can see how much each trade direction would have won or lost. The scatter chart y axis is calculated to represent the most profitable indicator value return at 100% and the worst at 0%.

The x axis always represents the indicator returned values between zero and 100.

The indicator has two modes. ‘Live’ or not live. In Live mode the results and scatter plot display change to only show results for the current candle colour and current chosen indicator return value for the current candle. In ‘Not Live’ mode you can enter a ‘Value’ and check the results for any indicator returned value for any colour candle. In ‘Live’ mode the blue line represents the current candles indicator returned value location on the scatter chart and it will move up and down as this changes. The points at the top and bottom of the blue line change colour from red to green depending on current candle colour. In ‘Not Live’ mode the points of the line are blue and the blue line is located on whatever you have set ‘Value’ to be.

You can set a ‘Spread’ to be used in the profit and loss calculations. Spread is not taken into account when calculating the win rates however.

You can also set ‘DecimalPlaces’ to display more or less decimal places in the profit and loss displayed results.

Set ‘p’ to whatever period of your chosen indicator you want to analyse.

There are four tick boxes to choose an indicator. If no boxes are ticked then the default is RSI but if you tick more than one box then the order of display priority is ADX then Williams%R then Stochastic.

As always I advise downloading and importing to get full functionality.

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Vinks_o_7 • 04/06/2020 #

    Vonasi you’re a beast !!! ;-)))

  2. pableitor • 04/06/2020 #

    Amazing indicator , you are pushing PRT to the limit! But looking at the scatter its not clear to me how can we interpret the plot , I mean should we look for some kind of linear correlation between x/y ?

avatar
Register or

Likes

avatar avatar avatar avatar avatar
Related users ' posts
kats Bonjour, j'ai essayé de faire afficher cet indic en temps 5 mn sur le 1 mn et c'est Hiroshim...
Nicolas Il suffit d'ajouter l'instruction TIMEFRAME(5 minutes,updateonclose) en tête du code
diegofe_2000 cordial saludo Nicolas, una pregunta senciLla : Como coloco un STOPS en un maximo o un mini...
Jigsaw20000 Bonjour, Je voudrais mettre le liens du code en format .itf mais je n'y arrive pas , quelqu'...
Corto78 Il faut aller dans la liste des ProBacktest & Trading Automatique (là ou tu as créer ton...
Malloc Bonjour, Votre système a l'air intéressant et prometteur mais en l'état il est inutilisable...
AntoGH Bonjour peut-on backtester cela ? Et si vous l'avez fait pourriez vous nous donner le code.....
Nicolas désolé c'est un oubli de ma part, tu peux supprimer cette ligne, elle n'est plus utile dans ...
DELBERT Bonjour , Nicolas , merci pour ta réponse , je suis en effet avec PRT 10.3 , et j'ai bidouil...
venugopal Hi Nicolas, Thanks for this code. Is it possible to build a screener using this indicator?. ...
Nicolas It has been done in that topic. Enjoy.
Abouadam2 EFFICACE
supertiti https://zupimages.net/viewer.php?id=20/50/2e3v.jpg
volanirina Bonjour Je souhaite l'avoir sur l'indicateur MT4 si possible s'il vous plait. car je l'ai fa...
Nicolas ProRealCode est un site dédié à l'utilisation de la plateforme de trading ProRealTime: https...
Daniele Maddaluno Écrivez-moi où vous préférez you can easily find me on LinkedIn
AK27 C'est payant visiblement sur linkdin je peux pas vous envoyer, discord vous avez ?
Nicolas Merci d'ouvrir un sujet dans le forum des screeners en respectant les règles de publication ...
Pensera Bravo Nicolas ! Tu es en quelque sorte l’inventeur de Metascore…(oups je viens de lire jusqu...
Nicolas Dans un but d'investissement pure, et non spéculatif.
DIOS Bonjour Nicolas, comment coder un indicateur de rsi de Divergence? Merci pour ta réponse
Nicolas En apprenant la programmation :) Plus sérieusement, il y a quantité d'exemples dans la libra...
DonTony Bonjour Nicolas, Très bel indicateur! Bravo!
superfalcio Hello, on the 2h timeframe I got a better performance in terms of win% and profit factor. I ...
Jiankyr82 Juan thanks for sharing, I had played with it few days, as also try to catch up on my pro-re...
Lespa212 Hi Samsampop, are you using this strategy? did you add a SL and an exit in case of a trend ...
Madrosat I Have not see a fully functioning automated strategy on your site?? Really have you???
juanj Hi Madrosat, why would it be on my site? I have developed it for my personal use and also to...
Madrosat ok I understood you are using prorealcode to hack the fish
imonix Have been trying this on demo since Monday before deciding whether to go live with it. Using...
Roberto Blázquez I'm sorry, I've tried it since November 2012 and it's bad results.
Bard Hi @Vonasi, this is an excellent tool! I noticed you times by 180 and was wondering why? W...
Bard I have no idea what is wrong with the posting on this website. I have problems editing posts...
Bard And now my first post displays okay? It literally had copies of my orig post all added toget...
woktrade Superbe !
Vonasi An updated version with a bug fix can be found here: https://www.prorealcode.com/topic/dis...
snucke hey Vonasi is it possible you can help me get this indicator to show how much a market mo...
kbrooks323 Hello would someone be willing to release a scan code for this? that would be helpful as I s...
Nicolas You can do easily this screener by using the assisted creation tool. It would take you about...
kbrooks323 I just figured it out thanks!

Top