Conversion of indicator Identifying Trapped Traders from TradingView

• 08/02/2021 at 9:10 AM #174557 Report
  hillsee

  This indicator displays how many buyers and sellers are trapped into their positions. These figures are calculated by comparing the price they entered their positions, to the current price +- trading fees.

  This indicator also features an option to account for trading fees, so that it can be used as reliably in the real world, on real people as much as possible!

  The chart is a simple zero-line cross, displaying both buyers and sellers trapped in the form of a histogram.

  Identifying Trapped Traders

  // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © Meesemoo //@version=4 study("Identifying Trapped Traders") lookback = input(defval = 10, title = "How many bars lookback?", minval = 2, maxval = 500, type = input.integer) trading_fees = input(defval = true, title = "Account for Trading fees?", type=input.bool) fee = 0.0 if trading_fees fee := (hl2 * 0.002) trapped_buyers = 0.0 trapped_sellers = 0.0 for i = 0 to lookback if high[i] > (hl2 - fee) trapped_buyers := trapped_buyers + (hl2 - high[i]) if low[i] < (hl2 + fee) trapped_sellers := trapped_sellers + (hl2 - low[i]) plot(trapped_buyers, color = color.green) plot(trapped_sellers, color = color.red) plot(0, color = color.gray) fill(plot(0), plot(trapped_buyers, color = color.green), color = color.green, transp = 70) fill(plot(0), plot(trapped_sellers, color = color.red), color = color.red, transp = 70)

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  // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © Meesemoo   //@version=4 study("Identifying Trapped Traders")   lookback = input(defval = 10, title = "How many bars lookback?", minval = 2, maxval = 500, type = input.integer) trading_fees = input(defval = true, title = "Account for Trading fees?", type=input.bool)   fee = 0.0 if trading_fees     fee := (hl2 * 0.002)   trapped_buyers = 0.0 trapped_sellers = 0.0   for i = 0 to lookback     if high[i] > (hl2 - fee)         trapped_buyers := trapped_buyers + (hl2 - high[i])          if low[i] < (hl2 + fee)         trapped_sellers := trapped_sellers + (hl2 - low[i])          plot(trapped_buyers, color = color.green) plot(trapped_sellers, color = color.red) plot(0, color = color.gray)   fill(plot(0), plot(trapped_buyers, color = color.green), color = color.green, transp = 70) fill(plot(0), plot(trapped_sellers, color = color.red), color = color.red, transp = 70)

  

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  hillsee

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  08/02/2021 at 9:16 AM #174560 Report
  JC_Bywan

  Hi,

  is there a difference with this other one earlier?

  https://www.prorealcode.com/topic/tradingview-trapped-traders-indicator-conversion/

  If not, please keep in mind the forum publication rule against double posting (you can find these rules in the yellow box below), and let us know which one of the 2 topics you prefer to be deleted, thanks.

  

  JC_Bywan

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  08/02/2021 at 2:29 PM #174571 Report
  hillsee

  Thanks, I followed the link below to post the second request as I thought I’d posted the first one in the wrong place… If that makes sense. So please delete the first request. Thanks

   

  hillsee – Welcome to the forums.

  When requesting code conversions please follow the instructions found here:

  https://www.prorealcode.com/free-code-conversion/

  

  hillsee

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  08/05/2021 at 10:41 AM #174719 Report
  Nicolas

  Please find below the code converted for ProRealTime:

  lookback = 10 //"How many bars lookback?" tradingfees = 1 //"Account for Trading fees?" fee = 0.0 if tradingfees then fee = (medianprice * 0.002) endif trappedbuyers = 0.0 trappedsellers = 0.0 hl2=medianprice for i = 0 to lookback if high[i] > (hl2 - fee) then trappedbuyers = trappedbuyers + (hl2 - high[i]) endif if low[i] < (hl2 + fee) then trappedsellers = trappedsellers + (hl2 - low[i]) endif next return trappedbuyers coloured(0,200,0),trappedsellers coloured(255,0,0)

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  lookback = 10 //"How many bars lookback?" tradingfees = 1 //"Account for Trading fees?"   fee = 0.0 if tradingfees then fee = (medianprice * 0.002) endif trappedbuyers = 0.0 trappedsellers = 0.0   hl2=medianprice   for i = 0 to lookback if high[i] > (hl2 - fee) then trappedbuyers = trappedbuyers + (hl2 - high[i])     endif if low[i] < (hl2 + fee) then trappedsellers = trappedsellers + (hl2 - low[i]) endif next return trappedbuyers coloured(0,200,0),trappedsellers coloured(255,0,0)

   

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  Nicolas

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  08/06/2021 at 8:23 AM #174809 Report
  hillsee

  Thanks, Nicolas I’m look forward to using it.

   

  

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