This indicator checks back over the last ‘p’ bars to see if the mid point of the current bars shadows have been tested by price and failed to breakout before.
Set ‘tests’ to the quantity of level tests you want to check for.
The indicator will draw a line from the first price test bar until a new set of price tests are detected. It draws green lines for upper shadow tests and red lines for lower shadow tests.
It can be slow to draw so I recommend setting the CALCULATEONLASTBARS to a sensible level.
I advise downloading and importing the ITF file to get full functionality.
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//Tested Levels Indicator //By Vonasi //Date:20022020 defparam calculateonlastbars = 1000 //p = 200 //tests = 3 if barindex >=tests then level = (high + max(open,close))/2 count = 1 draw = 0 for a = 1 to p if close[a] > level then break endif if high[a] >= level and max(close[a],open[a]) <= level then count = count + 1 if count = tests then startindex = barindex-a draw = 1 break endif endif next if draw = 1 then drawsegment(startindex,level,barindex,level) coloured(0,128,0) lastlevel = level else drawsegment(barindex-1,lastlevel,barindex,lastlevel) coloured(0,128,0) endif level2 = (low + min(open,close))/2 count = 1 draw2 = 0 for a = 1 to p if close[a] < level2 then break endif if low[a] <= level2 and min(close[a],open[a]) >= level2 then count = count + 1 if count = tests then startindex2 = barindex-a draw2 = 1 break endif endif next if draw2 = 1 then drawsegment(startindex2,level2,barindex,level2) coloured(128,0,0) lastlevel2 = level2 else drawsegment(barindex-1,lastlevel2,barindex,lastlevel2) coloured(128,0,0) endif endif return |
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Hi ,
Helpful indicator …
Bonjour Vonasi, Bravo pour ton travail ! Est-il possible de créer un screener quand le prix repasse à la hausser la ligne de Support rouge ?
Hi Vonasi, I find this indicator very useful. May I request , if you can, to please modify and show close below the defined levels as a DOWN arrow and close above as an UP arrow , generate alert, and make this a screener as well? Regards!
Please open a new topic in the ProScreener section, someone will code this request quickly.
Bonjour à tous,
Avant tout merci pour ce travail, cependant je suis bloqué quand je l’installe sur prt.
On me demande de régler le p et le test mais je n’arrive pas à trouver à quel endroit, je dois inscrire ces variables.
Dans l’attente de vous lire,
Merci à tous
Re,
C’est ok, j’ai trouvé mon erreur…
Cependant sur quel base peut on calculer son CALCULATEONLASTBARS à un niveau raisonnable ?
Merci à vous,
Hi Nicolas, How is it possible to use it in a higher timeframe plotted on a lower timeframe? when I do this, lines are plotted completely offset on the left to the candles.