Adding Stop loss Levels to existing code

• 03/25/2021 at 5:13 PM #165317
  Geoffrey Toplis

  Hi there,

   

  I am trying to add stop levels to an indicator I am using – I’ve looked everywhere and nothing seems to work well enough with the indicator I am using. The closest I got was with Someones Darvas Boxes code:

  https://www.prorealcode.com/prorealtime-indicators/darvas-boxes-2/

  Id like to add these lines as stop loss level (It is for hidden Divergence) so when the indicator picks up a lower high / higher low it will draw these lines on the previous high / low

  See code below:

  Hidden Divergence

  //RSI Divergences By Frank (Francesco) //Description: the indicator draws arrows on chart as entry points when a direct or an hidden RSI divergence is found. //When a DIRECT divergence is found, "dd" (direct divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow //When an HIDDEN or INVERSE divergence is found, "hd" (hidden divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow //Variables: //RsiPeriod: number of bars to calculare RSI value //RsiOverSold: Oversold Level //RsiOverBought: OverBought Level //MinBarRange: minimum distance from two consecutive Price Highs or Price Lows Rge = averagetruerange[7](close) MyRSI = rsi[RsiPeriod](Close) ONCE ShiftText = 3 RsiMax = MyRSI < MyRSI[1] and MyRSI[1] > MyRSI[2] and MyRSI[1] > RsiOverBought RsiMin = MyRSI > MyRSI[1] and MyRSI[1] < MyRSI[2] and MyRSI[1] < RsiOverSold if RsiMax then RSIMax1 = MyRSI[1] High1 = High[1] for I = MinBarRange to 80 if RsiMax[I] then RSIMax2 = MyRSI[I + 1] High2 = High[I + 1] If High1 > High2 and RSIMax1 < RSIMax2 then elsif High1 < High2 and RSIMax1 > RSIMax2 then DRAWARROWDOWN(barindex, High + Rge / ShiftText)coloured(255,192,203,255) DRAWTEXT("Sell", barindex, High + Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255) endif break endif next endif if RsiMin then RSIMin1 = MyRSI[1] Low1 = Low[1] for I = MinBarRange to 80 if RSIMin[I] then RSIMin2 = MyRSI[I + 1] Low2 = Low[I + 1] If Low1 < Low2 and RSIMin1 > RSIMin2 then elsif Low1 > Low2 and RSIMin1 < RSIMin2 then DRAWARROWUP(barindex, lOW - Rge / ShiftText)coloured(0,0,255,255) DRAWTEXT("Buy", barindex, lOW - Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255) REM Set Stop Level MyStop =Low[1] endif break endif next endif return

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  //RSI Divergences By Frank (Francesco)   //Description: the indicator draws arrows on chart as entry points when a direct or an hidden RSI divergence is found. //When a DIRECT divergence is found, "dd" (direct divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow   //When an HIDDEN or INVERSE divergence is found, "hd" (hidden divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow   //Variables: //RsiPeriod: number of bars to calculare RSI value //RsiOverSold: Oversold Level //RsiOverBought: OverBought Level //MinBarRange: minimum distance from two consecutive Price Highs or Price Lows   Rge = averagetruerange[7](close) MyRSI = rsi[RsiPeriod](Close)   ONCE ShiftText = 3   RsiMax = MyRSI < MyRSI[1] and MyRSI[1] > MyRSI[2] and MyRSI[1] > RsiOverBought RsiMin = MyRSI > MyRSI[1] and MyRSI[1] < MyRSI[2] and MyRSI[1] < RsiOverSold   if RsiMax then RSIMax1 = MyRSI[1] High1 = High[1]   for I = MinBarRange to  80 if RsiMax[I] then RSIMax2 = MyRSI[I + 1] High2 = High[I + 1] If High1 > High2 and RSIMax1 < RSIMax2 then elsif High1 < High2 and RSIMax1 > RSIMax2 then DRAWARROWDOWN(barindex, High + Rge / ShiftText)coloured(255,192,203,255) DRAWTEXT("Sell", barindex, High + Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255)   endif break endif next endif   if RsiMin then RSIMin1 = MyRSI[1] Low1 = Low[1] for I = MinBarRange to  80 if RSIMin[I] then RSIMin2 = MyRSI[I + 1] Low2 = Low[I + 1] If Low1 < Low2 and RSIMin1 > RSIMin2 then elsif Low1 > Low2 and RSIMin1 < RSIMin2 then DRAWARROWUP(barindex, lOW - Rge / ShiftText)coloured(0,0,255,255) DRAWTEXT("Buy", barindex, lOW - Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255) REM Set Stop Level MyStop =Low[1] endif break endif next endif   return

  Thanks in advance and let me know if you need anymore information

  Geoff

  

  Geoffrey Toplis

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  03/25/2021 at 5:26 PM #165322
  Geoffrey Toplis

  Just to clarify, these levels would be on the price chart not the RSI

  Regards,

  Geoff

  

  Geoffrey Toplis

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  03/25/2021 at 6:02 PM #165325
  robertogozzi

  There you go:

  ////////////////////////////////////////////////////////////////////////////////////////// // DARVAS Boxes // // https://www.prorealcode.com/prorealtime-indicators/darvas-boxes-2/ //============================== Indicateur if box=1 and (high>DownBoxe or low<UpBoxe) then box=0 flag=0 endif if box=0 and flag=0 and low>low[3] and low[1]>low[3] and low[2]>low[3] then th=low[3] flag=1 endif if flag=1 and box=0 and low<th then flag=0 endif if flag=1 and box=0 and high<high[3] and high[1]<high[3] and high[2]<high[3] then DownBoxe=high[3] UpBoxe=th box=1 endif once DownBoxe=undefined once UpBoxe=undefined //============================== Fin //return UpBoxe style (point,3) as "UpBoxe",DownBoxe style (point,3) as "DownBoxe" ////////////////////////////////////////////////////////////////////////////////////////// //RSI Divergences By Frank (Francesco) //Description: the indicator draws arrows on chart as entry points when a direct or an hidden RSI divergence is found. //When a DIRECT divergence is found, "dd" (direct divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow //When an HIDDEN or INVERSE divergence is found, "hd" (hidden divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow //Variables: RsiPeriod = 14 //: number of bars to calculare RSI value RsiOverSold = 30 //: Oversold Level RsiOverBought = 70 //: OverBought Level MinBarRange = 2 //: minimum distance from two consecutive Price Highs or Price Lows Rge = averagetruerange[7](close) MyRSI = rsi[RsiPeriod](Close) ONCE ShiftText = 3 RsiMax = MyRSI < MyRSI[1] and MyRSI[1] > MyRSI[2] and MyRSI[1] > RsiOverBought RsiMin = MyRSI > MyRSI[1] and MyRSI[1] < MyRSI[2] and MyRSI[1] < RsiOverSold if RsiMax then RSIMax1 = MyRSI[1] High1 = High[1] for I = MinBarRange to 80 if RsiMax[I] then RSIMax2 = MyRSI[I + 1] High2 = High[I + 1] If High1 > High2 and RSIMax1 < RSIMax2 then elsif High1 < High2 and RSIMax1 > RSIMax2 then DRAWARROWDOWN(barindex, High + Rge / ShiftText)coloured(255,192,203,255) DRAWTEXT("Sell", barindex, High + Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255) endif break endif next endif if RsiMin then RSIMin1 = MyRSI[1] Low1 = Low[1] for I = MinBarRange to 80 if RSIMin[I] then RSIMin2 = MyRSI[I + 1] Low2 = Low[I + 1] If Low1 < Low2 and RSIMin1 > RSIMin2 then elsif Low1 > Low2 and RSIMin1 < RSIMin2 then DRAWARROWUP(barindex, lOW - Rge / ShiftText)coloured(0,0,255,255) DRAWTEXT("Buy", barindex, lOW - Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255) REM Set Stop Level MyStop =Low[1] endif break endif next endif return UpBoxe style (point,1) as "UpBoxe",DownBoxe style (point,1) as "DownBoxe"

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  ////////////////////////////////////////////////////////////////////////////////////////// // DARVAS Boxes // //  https://www.prorealcode.com/prorealtime-indicators/darvas-boxes-2/ //============================== Indicateur if box=1 and (high>DownBoxe or low<UpBoxe) then box=0 flag=0 endif if box=0 and flag=0 and low>low[3] and low[1]>low[3] and low[2]>low[3] then th=low[3] flag=1 endif if flag=1 and box=0 and low<th then flag=0 endif if flag=1 and box=0 and high<high[3] and high[1]<high[3] and high[2]<high[3] then DownBoxe=high[3] UpBoxe=th box=1 endif once DownBoxe=undefined once UpBoxe=undefined //============================== Fin //return UpBoxe style (point,3) as "UpBoxe",DownBoxe style (point,3) as "DownBoxe" ////////////////////////////////////////////////////////////////////////////////////////// //RSI Divergences By Frank (Francesco) //Description: the indicator draws arrows on chart as entry points when a direct or an hidden RSI divergence is found. //When a DIRECT divergence is found, "dd" (direct divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow //When an HIDDEN or INVERSE divergence is found, "hd" (hidden divergence) text is added to chart over (Sell signal) or under (Buy signal) the arrow //Variables: RsiPeriod     = 14 //: number of bars to calculare RSI value RsiOverSold   = 30 //: Oversold Level RsiOverBought = 70 //: OverBought Level MinBarRange   = 2 //: minimum distance from two consecutive Price Highs or Price Lows Rge = averagetruerange[7](close) MyRSI = rsi[RsiPeriod](Close) ONCE ShiftText = 3 RsiMax = MyRSI < MyRSI[1] and MyRSI[1] > MyRSI[2] and MyRSI[1] > RsiOverBought RsiMin = MyRSI > MyRSI[1] and MyRSI[1] < MyRSI[2] and MyRSI[1] < RsiOverSold if RsiMax then RSIMax1 = MyRSI[1] High1 = High[1] for I = MinBarRange to  80 if RsiMax[I] then RSIMax2 = MyRSI[I + 1] High2 = High[I + 1] If High1 > High2 and RSIMax1 < RSIMax2 then elsif High1 < High2 and RSIMax1 > RSIMax2 then DRAWARROWDOWN(barindex, High + Rge / ShiftText)coloured(255,192,203,255) DRAWTEXT("Sell", barindex, High + Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255) endif break endif next endif if RsiMin then RSIMin1 = MyRSI[1] Low1 = Low[1] for I = MinBarRange to  80 if RSIMin[I] then RSIMin2 = MyRSI[I + 1] Low2 = Low[I + 1] If Low1 < Low2 and RSIMin1 > RSIMin2 then elsif Low1 > Low2 and RSIMin1 < RSIMin2 then DRAWARROWUP(barindex, lOW - Rge / ShiftText)coloured(0,0,255,255) DRAWTEXT("Buy", barindex, lOW - Rge / ShiftText / 0.2,SansSerif,Italic,15)coloured(0,0,255,255) REM Set Stop Level MyStop =Low[1] endif break endif next endif return UpBoxe style (point,1) as "UpBoxe",DownBoxe style (point,1) as "DownBoxe"

   

  

  robertogozzi

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  03/25/2021 at 6:30 PM #165328
  Geoffrey Toplis

  Thank you so much – I really appreciate the help

  I am sorry if I am starting to ask too much but is there a way that the lines can be drawn drawn according to the high / low that corresponds to the previous high or low defined in the divergence indicator instead of just highs and lows on the chart

  Ive tried to show an example in the attached image

  

  Geoffrey Toplis

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