(1 second trading strategy) Compete with the robots

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  • #137415 quote
    murit89
    Participant
    Junior
    st1=high-close
    st2=low-close
    return st1 coloured (255,0,0,255), st2 coloured (0,255,0,255)

    this can be applied to chart to create support/resistance points of true high/lows or used alone as an indicator to show divergence

    st1=(low+close+high)[50]
    st2=(low+close+high)[200]
    return st1 as "50", st2 as "200"

    this can be used as a standard alone indicator to show divergence in the trend or applied to the chart to show support/resistance of the true 50/200 day averages

    strategy-159336042984plc.png strategy-159336042984plc.png strategy-159336042984plc1.png strategy-159336042984plc1.png
    #145656 quote
    robertogozzi
    Moderator
    Master

    I don’t use such fast TF’s, but I think they can be useful in greater TF’s , as well.

    Thanks for sharing you code and ideas 🙂

    #145806 quote
    Nicolas
    Keymaster
    Master

    The st1 and st2 variables are not averages, but the values from 50 and 200 bars ago.

    #160498 quote
    Bob Harris
    Participant
    Average

    Hi,

    I used the code and it gives exactly the same results as illustrated in your screen captures,  what I don’t understand  (and please forgive my ignorance) is how this can be used as part of a trading strategy, am I missing something?

    Best regards

    Capture-4.jpg Capture-4.jpg
    #160506 quote
    Vonasi
    Moderator
    Master

    Also if you are adding it to a 1 second chart you need to add a TIMEFRAME instruction to get the daily 50 and 200 day averages. I also changed it to add AVERAGE.

    timeframe(daily)
    
    st = (low+close+high)
    
    st1 = average[50](st)
    st2 = average[200](st)
    
    return st1 as "50", st2 as "200"
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(1 second trading strategy) Compete with the robots


ProBuilder: Indicators & Custom Tools

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murit89 @murit89 Participant
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This topic contains 4 replies,
has 5 voices, and was last updated by Vonasi
5 years, 2 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 07/01/2020
Status: Active
Attachments: 3 files
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