Blast off indicator

• 05/26/2020 at 3:50 PM #133335
  James Jay Colin

  Hello everybody,

   

  I would like to implement in my prorealtime the blast off indicator of Larry Williams.

  Does anybody knows if it is already available to add?

  The indicator should do what follows:

  declare lower;
  input limit = 20;

  def Val = AbsValue(close – open);
  def Range = high – low;
  plot sample = Val / Range * 100;
  plot Trigger = limit;

   

  Thank you for your support!

  Best

  

  James Jay Colin

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  05/26/2020 at 4:41 PM #133341
  Vonasi

  That’s simply body as a percentage of range.

  This indicator will return 1 if it is less than or equal to 20 and 0 if it is greater than 20 (not tested):

  level = 20 perc = (abs(close-open)/range)*100 result = 0 if perc <= level then result = 1 endif return result

  1 2 3 4 5 6 7 8 9 10

  level = 20   perc = (abs(close-open)/range)*100   result = 0 if perc <= level then result = 1 endif   return result

   

  

  Vonasi

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  05/26/2020 at 4:44 PM #133346
  Vonasi

  Alternatively it can be a line indicator:

  level = 20 perc = (abs(close-open)/range)*100 return perc as "Body % of range", level as "Level"

  1 2 3 4

  level = 20 perc = (abs(close-open)/range)*100 return perc as "Body % of range", level as "Level"

   

  

  Vonasi

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  05/26/2020 at 5:30 PM #133349
  robertogozzi

  Do not double post. Ask your question only once and only in one forum. All double posts will be deleted anyway so posting the same question multiple times will just be wasting your own time and will not get you an answer any quicker. Double posting just creates confusion in the forums.

  I deleted the one in the italian forum.

  Thank you 🙂

   

  

  robertogozzi

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  05/27/2020 at 8:23 AM #133393
  GraHal

  Above codes added as Log 218 here …

  Snippet Link Library

  

  GraHal

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