crolakstrading wrote:

Honestly, you could have just said yes or no rather than a lecture. this is not going make you a millionaire.. trading involves more than this.. just think about it.. you know cording, creating strategies etc… but still dreaming of retire on a tropical island.. just maybe.. just maybe something will happen if you change your attitude.. so learn to give more and you will get more. my philosophy :)!! I’m trying to learn to cord and to create something.. only reason Ive reached out your help!! thanks anyway and good luck!

Yes I could have just said ‘No – bugger off’ but that would have been rude. Better to explain clearly and precisely my reasoning for saying no I think. Sorry if you felt that it was a lecture.

Yes I doubt I will ever become a millionaire – I like spending too much.

I believe I give plenty and have no reason to feel ashamed on that front. Just check my posts helping others and then check out the indicators that I have posted in the library. If we are counting then I think that I am in credit.

Oh and as for the tropical island. Maybe not but as I already live on a boat in Greece it is a genuine possibility one day.

If you want a free trading system that probably doesn’t work anyway then there are plenty of people out there who will sell you one. My original post was purely to show that the indicator you requested had potential as a strategy.

Oh and by the way what is cording – something to do with string or just hanging out with people in slightly fluffy trousers?

This version displays also green/red candles.

I’ll later try to define a range by using narrowing Bollinger Bands and display also GREY candles.

DEFPARAM CalculateOnLastBars = 1000
ONCE BullTrend = 0
ONCE BearTrend = 0
ONCE SideWays  = 0
IF SideWays THEN
ENDIF

fast = ExponentialAverage[9](close)
slow = ExponentialAverage[40](close)
 
//first arrow is blueish
CrossOver = fast crosses over slow
IF CrossOver THEN
BullTrend = 1
BearTrend = 0
SideWays = 0
CrossUnder = 0
//cross = slow[1]
DRAWARROWUP(barindex,LOW-5*pointsize) COLOURED(0,255,10)
endif

IF CrossOver[5] THEN
IF summation[4](CrossOver OR CrossUnder) = 0 THEN
TopLine = highest[5](high) + (5 * pipsize)
DRAWTEXT("---#TopLine#---",barindex-3,TopLine,SansSerif,Bold,16)coloured(153,0,0)
ENDIF
ENDIF
//next arrows are purple and semi transparent
//if fast>slow AND slow<>cross then
//DRAWTEXT("*",barindex, slow) COLOURED(0,204,0)
//endif
 
//first arrow is blueish
CrossUnder = fast crosses under slow
if CrossUnder then
BullTrend = 0
BearTrend = 1
SideWays = 0
CrossOver = 0
//cross = slow[1]
DRAWARROWDOWN(barindex,HIGH+5*pointsize) COLOURED(255,0,10)
endif
IF CrossUnder[5] THEN
IF summation[4](CrossOver OR CrossUnder) = 0 THEN
BottomLine = lowest[5](low) - (5 * pipsize)
DRAWTEXT("---#BottomLine#---",barindex-3,BottomLine,SansSerif,Bold,16)coloured(153,0,0)
ENDIF
ENDIF

IF BullTrend THEN
DRAWCANDLE(Open,High,Low,Close)coloured(0,255,0) bordercolor(0,0,0)
ELSIF BearTrend THEN
DRAWCANDLE(Open,High,Low,Close)coloured(255,0,0) bordercolor(0,0,0)
ELSE
DRAWCANDLE(Open,High,Low,Close)coloured(169,169,169) bordercolor(0,0,0)
ENDIF

//next arrows are purple and semi transparent
//if fast<slow AND slow<>cross then
//DRAWTEXT("*",barindex, slow) COLOURED(255,0,0)
//endif
 
RETURN

You will notice that on the chart sometimes candles are GREY despite beeing on the rise or fall. That depends on the number of candles you want to set to define the start/end of a sideways range (variable RangeBars), the smaller the value the more a trend is interrupted by grey candles, the greater the value the less a range can be identified when starting.

You (and anyone else interested in making this indicator better) may try to define a better way to identify the start (and end) of a ranging market, may with the use of another indicator or combining multiple indicators.

Any suggestion or improvent is highly encouraged.

There you go:

DEFPARAM CalculateOnLastBars = 2000
//ONCE FastAvg   = 9                                    //8                          TO BE UNCOMMENTED IF VARIABLE IS STATIC INSIDE THE CODE
//ONCE SlowAvg   = 40                                   //40                         TO BE UNCOMMENTED IF VARIABLE IS STATIC INSIDE THE CODE
//ONCE BBval     = 20                                   //20                         TO BE UNCOMMENTED IF VARIABLE IS STATIC INSIDE THE CODE
//ONCE BBdev     = 2.0                                  //2.0                        TO BE UNCOMMENTED IF VARIABLE IS STATIC INSIDE THE CODE
ONCE BullTrend = 0
ONCE BearTrend = 0
ONCE SideWays  = 0
ONCE RangeBars = 2

// Let's check all Variables are set within valid ranges
FastAvg   = max(min(FastAvg,99),0)
SlowAvg   = max(min(SlowAvg,99),0)
AvgType   = max(min(AvgType,6),0)
BBdev     = max(min(BBdev,99.9),0.1)
BBavg     = max(min(BBAvg,99),0)
RangeBars = max(min(RangeBars,9),2)

// Set up a Bollinger Band
BBmean = average[BBavg,0](close)                       //BB mean (middle line)
BollUP = BBmean + ((std[BBavg](close)) * BBdev)        //BB Upper Band
BollDN = BBmean - ((std[BBavg](close)) * BBdev)        //BB Lower Band

// Determine current Averages'value
fast = Average[FastAvg,AvgType](close)
slow = Average[SlowAvg,AvgType](close)

// Determine current status of BB (Narrowing or Expanding)
Narrow = (BollUP < BollUP[1]) AND (BollDN > BollDN[1])
Expand = (BollUP > BollUP[1]) AND (BollDN < BollDN[1])

// first arrow is Green
CrossOver = fast crosses over slow
IF CrossOver THEN
   BullTrend = 1
   BearTrend = 0
   SideWays = 0
   CrossUnder = 0
   //cross = slow[1]
   DRAWARROWUP(barindex,LOW-5*pointsize) COLOURED(0,255,10)
endif

IF CrossOver[5] THEN
   IF summation[4](CrossOver OR CrossUnder) = 0 THEN
      TopLine = highest[5](high) + (5 * pipsize)
      DRAWTEXT("---#TopLine#---",barindex-3,TopLine,SansSerif,Bold,16)coloured(153,0,0)
   ENDIF
ENDIF

//next arrows are purple and semi transparent
//if fast>slow AND slow<>cross then
//   DRAWTEXT("*",barindex, slow) COLOURED(0,204,0)
//endif

// next arrow is Red
CrossUnder = fast crosses under slow
if CrossUnder then
   BullTrend = 0
   BearTrend = 1
   SideWays = 0
   CrossOver = 0
   //cross = slow[1]
   DRAWARROWDOWN(barindex,HIGH+5*pointsize) COLOURED(255,0,10)
endif

// Display price on the 5th bar (since the crossing)
IF CrossUnder[5] THEN
   IF summation[4](CrossOver OR CrossUnder) = 0 THEN
      BottomLine = lowest[5](low) - (5 * pipsize)
      DRAWTEXT("---#BottomLine#---",barindex-3,BottomLine,SansSerif,Bold,16)coloured(153,0,0)
   ENDIF
ENDIF

// grey bars when ranging sideways
IF SideWays    = 0 AND (summation[RangeBars](Narrow) = RangeBars) THEN
   SideWays = 1
ELSIF SideWays = 1 AND (summation[RangeBars](Expand) = RangeBars) THEN
   SideWays = 0
ENDIF

// override default colour for Candles
IF SideWays THEN
   DRAWCANDLE(Open,High,Low,Close)coloured(169,169,169) bordercolor(0,0,0)
ELSIF BullTrend THEN
   IF close > open THEN
      DRAWCANDLE(Open,High,Low,Close)coloured(0,255,0) bordercolor(0,0,0)   //light GREEN
   ELSE
      DRAWCANDLE(Open,High,Low,Close)coloured(0,100,0) bordercolor(0,0,0)   //dark  GREEN
   ENDIF
ELSIF BearTrend THEN
   IF close < open THEN
      DRAWCANDLE(Open,High,Low,Close)coloured(255,0,0) bordercolor(0,0,0)   //light RED
   ELSE
      DRAWCANDLE(Open,High,Low,Close)coloured(139,0,0) bordercolor(0,0,0)   //dark  RED
   ENDIF
ENDIF

//next arrows are purple and semi transparent
//if fast<slow AND slow<>cross then
//   DRAWTEXT("*",barindex, slow) COLOURED(255,0,0)
//endif

RETURN

c1 = (indicator1 > indicator2) or indicator2<25

Hi,

Above is a condition based on indicator. How can i find the price at which the above condition becomes true? If above is a bullish cross of stochastic, can i know at what price it occurred? I would also like to know at what price the previous cross over occurred. Not sure if this is possible

thanks

PJ

thanks, this would probably give price of cross over now. Is it possible to get the price of previous cross over? Example shown in image below. I would like to know the price at those swings when indicator cross over.

thanks