A Trend indicator

• 12/28/2023 at 6:00 AM #225746
  Bryggare

  Hi I wonder if you could help me create  an indicator that I use for determine if a stock goes sideways.

  <span class="Y2IQFc" lang="en">I would like to have an indicator that shows how many times the closing price has been touched in the last 30 bars before the current bar. For example, if the closing price has touched five bars out of the last 30 bars, the indicator should show 5. The result could be shown in a histogram. Thankful if you could help me</span>

  1 2 3 4

  <span class="Y2IQFc" lang="en">I would like to have an indicator that shows how many times the closing price has been touched in the last 30 bars before the current bar. For example, if the closing price has touched five bars out of the last 30 bars, the indicator should show 5. The result could be shown in a histogram.   Thankful if you could help me</span>

   

  

  Bryggare

  Participant

  Topics: 6

  Replies: 9

  Been thanked: 1 time
  12/28/2023 at 9:45 AM #225748
  JS

  Hi @Bryggare

  Hereby the indicator…

   

  Touched Close

  Touched=0 For i=1 to 30 If Close[i] Crosses Over Close or Close[i] Crosses Under Close then Touched=Touched+1 EndIf Next Return Touched as "Touched" Coloured("Green")Style(Histogram)

  1 2 3 4 5 6 7

  Touched=0 For i=1 to 30 If Close[i] Crosses Over Close or Close[i] Crosses Under Close then Touched=Touched+1 EndIf Next Return Touched as "Touched" Coloured("Green")Style(Histogram)

  

  JS

  Participant

  Topics: 22

  Replies: 1423

  Been thanked: 557 times
  12/28/2023 at 3:11 PM #225763
  Bryggare

  Thank you , it works fine

  

  Bryggare

  Participant

  Topics: 6

  Replies: 9

  Been thanked: 1 time
  12/28/2023 at 3:42 PM #225765
  Bryggare

  Hi again.  It seems like the indicator compares to days range with previous close for the last 30 days.  Can you change so that the close of the current bar compares with the hole range from high to low of the previous bars.  For example the to days close compares if it has touched any of the last 30 days bars (from high to low).

  

  Bryggare

  Participant

  Topics: 6

  Replies: 9

  Been thanked: 1 time
  12/28/2023 at 5:09 PM #225772
  JS

  Hi,

  This indicator compares whether the current Close falls between the High and the Low (Range) of the previous 30 candles…

   

  Close between previous range

  Touched=0 For i=1 to 30 If Close<High[i] and Close>Low[i] then Touched=Touched+1 EndIf Next Return Touched as "Touched" Coloured("Green")Style(Histogram)

  1 2 3 4 5 6 7

  Touched=0 For i=1 to 30 If Close<High[i] and Close>Low[i] then Touched=Touched+1 EndIf Next Return Touched as "Touched" Coloured("Green")Style(Histogram)

  1 user thanked author for this post.

  Bryggare

  

  JS

  Participant

  Topics: 22

  Replies: 1423

  Been thanked: 557 times
  12/28/2023 at 5:57 PM #225778
  Bryggare

  Hi again, now it seems to work. When it is trending it is not touched so many times and when it is not trending it is touched many times.

  Thank you for helping me

  1 user thanked author for this post.

  JS

  

  Bryggare

  Participant

  Topics: 6

  Replies: 9

  Been thanked: 1 time
  12/29/2023 at 12:00 PM #225800
  LucasBest

  An other upgrade/version… Try with total price instead of close

  Ranging Index

  src = customclose Touched=0 For i=1 to 30 If src<High[i] and src>Low[i] then Touched=Touched+1 EndIf Next Filtre = Average[5](Touched) If Filtre < 5 then ColR = 0 ColG = 128 ColB = 0 Else ColR = 128 ColG = 128 ColB = 128 Endif Return 1 as "Ranging Index" Coloured(ColR,ColG,ColB)Style(Histogram)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  src = customclose   Touched=0 For i=1 to 30 If src<High[i] and src>Low[i] then Touched=Touched+1 EndIf Next   Filtre = Average[5](Touched)   If Filtre < 5 then ColR = 0 ColG = 128 ColB = 0 Else ColR = 128 ColG = 128 ColB = 128 Endif   Return 1 as "Ranging Index" Coloured(ColR,ColG,ColB)Style(Histogram)

  1 user thanked author for this post.

  Bryggare

  

  LucasBest

  Participant

  Topics: 16

  Replies: 207

  Been thanked: 71 times
  12/29/2023 at 12:35 PM #225807
  LucasBest

  Little upgrade… The idea is not bad, but still not accurate as my main range detector.

  Ranging Index

  src = customclose Touched=0 For i=0 to 28 If src<High[i] and src>Low[i] then Touched=Touched+1 EndIf Next Filtre = ExponentialAverage[2](Touched) If Filtre < 5 then ColR = 0 ColG = 128 ColB = 0 Else ColR = 128 ColG = 128 ColB = 128 Endif Return 1 as "Ranging Index" Coloured(ColR,ColG,ColB)Style(Histogram)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  src = customclose   Touched=0 For i=0 to 28 If src<High[i] and src>Low[i] then Touched=Touched+1 EndIf Next   Filtre = ExponentialAverage[2](Touched)   If Filtre < 5 then ColR = 0 ColG = 128 ColB = 0 Else ColR = 128 ColG = 128 ColB = 128 Endif   Return 1 as "Ranging Index" Coloured(ColR,ColG,ColB)Style(Histogram)

  1 user thanked author for this post.

  pror

  

  LucasBest

  Participant

  Topics: 16

  Replies: 207

  Been thanked: 71 times
  12/29/2023 at 3:41 PM #225814
  Bryggare

  Thank you for the upgraded version. I will look on them and see which suits me best

  

  Bryggare

  Participant

  Topics: 6

  Replies: 9

  Been thanked: 1 time
• Author
  Posts