XO indicator

The “XO” indicator is counting the price movement calculated by box sizes of 2 different sizes.

The histogram of the indicator display a count of how many boxes of “BoxSize1” the price has moved, while the lines display the price movement of “BoxSize2”. It is almost similar to count how many renko bricks has been created upside or downside.

So you have a view of a “long term” trend and the short one in the same indicator.

Indicator converted from a request in the English indicator forum.

//PRC_XO | indicator
//16.10.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted from MT4 version (original author mladen)

// --- settings
//BoxSize1 = 6.5 // First box size
//BoxSize2 = 30.0 // Second box size
// --- end of settings

BoxPrice = customclose // Price to use for box calculation

cur=BoxPrice
once hi1=cur
once hi2=cur
once lo1=cur
once lo2=cur

if (cur > (hi1+BoxSize1*Pointsize)) then
 hi1 = cur
 lo1 = cur-BoxSize1*Pointsize
 kr1 = kr1+1
 no1 = 0
endif
if (cur < (lo1-BoxSize1*Pointsize)) then
 lo1 = cur
 hi1 = cur+BoxSize1*pointsize
 no1 = no1-1
 kr1 = 0
endif
if (cur > (hi2+BoxSize2*pointsize)) then
 hi2 = cur
 lo2 = cur-BoxSize1*pointsize
 kr2 = kr2+1
 no2 = 0
endif
if (cur < (lo2-BoxSize2*pointsize)) then
 lo2 = cur
 hi2 = cur+BoxSize1*pointsize
 no2 = no2-1
 kr2 = 0
endif

return kr1 coloured(0,191,255) style(histogram),no1 coloured(219,112,147) style(histogram), 0 coloured(219,112,147) style(dottedline), 1 coloured(219,112,147) style(line), -1 coloured(219,112,147) style(line), kr2 coloured(255,215,0) style(line,3),no2 coloured(128,128,128) style(line,3)

//PRC_XO | indicator

//16.10.2017

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//converted from MT4 version (original author mladen)

// --- settings

//BoxSize1 = 6.5 // First box size

//BoxSize2 = 30.0 // Second box size

// --- end of settings

BoxPrice = customclose // Price to use for box calculation

cur=BoxPrice

once hi1=cur

once hi2=cur

once lo1=cur

once lo2=cur

if (cur > (hi1+BoxSize1*Pointsize)) then

hi1 = cur

lo1 = cur-BoxSize1*Pointsize

kr1 = kr1+1

no1 = 0

endif

if (cur < (lo1-BoxSize1*Pointsize)) then

lo1 = cur

hi1 = cur+BoxSize1*pointsize

no1 = no1-1

kr1 = 0

endif

if (cur > (hi2+BoxSize2*pointsize)) then

hi2 = cur

lo2 = cur-BoxSize1*pointsize

kr2 = kr2+1

no2 = 0

endif

if (cur < (lo2-BoxSize2*pointsize)) then

lo2 = cur

hi2 = cur+BoxSize1*pointsize

no2 = no2-1

kr2 = 0

endif

return kr1 coloured(0,191,255) style(histogram),no1 coloured(219,112,147) style(histogram), 0 coloured(219,112,147) style(dottedline), 1 coloured(219,112,147) style(line), -1 coloured(219,112,147) style(line), kr2 coloured(255,215,0) style(line,3),no2 coloured(128,128,128) style(line,3)

renko trend

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.

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Filename : download the ITF files

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Wing Yes, investigate as much as you want. For more insight, you can view the linet1, linet2 etc....

CKW Hi Wing, Thanks for your sharing. I am still trying to breakdown & understand your code...

Wing Hello CKW. No, the parameter, 7 in this case, is used when calling the RSI indicator to ide...

Nicolas Je vais faire l'indicateur et expliquer comment en même temps dans un sujet de forum. Plus s...

gregus merci nicolas toute ma gratitude est pour toi sa sera bien pratique car je pense ne pas etre...

Nicolas Ok merci donc d'ouvrir un sujet spécifique pour cette demande donc :)

algotrader This indicator looks coolBut on attempt to use it for a strategy dev'I get an error.."The in...

dajvop @algotrader if you at the bottom of the code add: RETURN Buffer1 as "up", Buffer2 as "down",...

Bateson Si cela peut servir, l'indicateur Sadukey a été créé en utilisant un générateur de filtre ap...

Marcel Hi, I tested this strategy on Spot Gold with a brick size of 20 on the weekly timeframe with...

Nicolas Because the renko chart construction begin at the first price of the loaded history. So you ...

JOKAMAURICE I am learning to code. I try to understand these lines newbricksup = (round(((close - upbr...

Arnaud HALVICK Great indicator, thank you!

JMat45 Hi Nicolas, just reviewing this indicator and noticed that you have double assigned the vari...

Nicolas That would not make any difference because the code is read from top to bottom.

MikeGC I don't know if you have used the variables a and b to optimise the parameters for the Super...

gianpiero75 I have not optimized, I multiplied the parameters for 6 (5,8), to use them on the 4 hoursTF...

bertrandpinoy bonjour Mike j utilise TrendChaser V2.0 et quand il prend position cela ne programme pas le ...

eisi If i switch between different Markets, the Backgroundcolour will appear where it should not...

datageek How can I get alerts on colour change?

NAMBO40 Hello, I would like to add a 25 period SMA moving average. It's possible?

Fabio Anthony Terrenzio this strategy works only in a well defined trend

brosly Good afternoon I am trying to get the complete code of lex strategy made by adolfo since I s...

dreif123 hi Adolfo, is Alex Auto Trading Botindex working on DAX as well ? if so , can you post the...

Doctrading I forgot to write at the beginning : a = 50 b = 50 These are intermediate levels Sorry

DerPat Thank you. This one could be an aid in my current research on stochastics.

Pelayo it is possible that in line 12 we should put seuilinf=-b, thaks for all

Nicolas No. This website is about prorealtime trading platform, not MT4 sorry. However, you can ask ...

Wilko Interesting code, thanks! It will provide me with a good starting point for further developm...

Nicolas contrarian renko boxes are 2 times taller than the brick size.

Nicolas Use Highs and Lows instead

Doctrading This new code with highs and lows seems to work : boxSize = 20 // On aime bien que...

DonDollar Gentlemen, just a quick question. When I am adding this column to my code, PRT shows an err...

Alessio Nicolas Hello, I have recently started using this platform, I would like to test a system th...

Nicolas Please use forums for trading strategies queries. Many thanks.

PassionTrading Salut Nicolas, Je regarde cette indicateur très intéressant par le fait qu'il est superposé...

GraHal Hi Nicolas I like this and would like to understand it fully so please forgive the (maybe) d...

Nicolas Hi GraHal, the Factor parameter is only a multiplier of the ATR that is added or subtracted ...

GraHal Nicolas, thank you for your useful and informative response. Yes I optimise using ProBackte...

GraHal Hi Nicolas Britains .itf file didn't work for me ... I had to change h to hh at line 13 and...

Nicolas Thank you GraHal for pointing this error, i have corrected the code in the file. The code in...

Nicolas Hi Stef, thanks again for contributing to my near perfect english :)

Salocin Hi Nicolas, seems to be a pretty cool one as an indicator. can you define "plotsingal". Syst...

Nicolas Download the itf file attached to the post, there's everything needed in it. Just import thi...

cosmicsurfer I actually live up the road from Daryl Guppy. On the first day of my training i walked aroun...

Pleidian Hi, I'm trying to add the guppy indicator to my charts but i keep getting a box that's says ...

Nicolas Wrong copy/paste? Always a better idea to download the ITF file and import it into the platf...

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