Hello,
timeframe: 1 tick
i start a new challenge and for that i m looking if someone has a code for drawing a vertical segment in tick timeframe where the high or low is moving with tick value (price) only. dont care about the time.
ex:
- tick reversal: +10ticks
- the price start at 11000, the price up, the green segments drawing up until the price down to value = to 10 tick and it is the start for drawginf the new bar, red here as the price move down. if the price move up again to +10 tick, the draw a new green bar.
it is reversal bar.
thanks.
S.T
Sorry I don’t get it. Can you reformulate the query?
Hello Nicolas,
the goal is to draw a bar (vertical segment) until the retracement. it is same thing of renko but with reversal mecanism.
ex:
a bar is created in tick chart at time 090000 and move up until price down to 10 ticks. if not, the segment is drawing by following the price. if the price move down for 10 ticks, a new segment is drawing and continue to draw until the price move up agin and reach last price +10 ticks. etc.
in attachment with mecanism.
cheers.
Ok but the bars should look like regular candlesticks or barchart right?
Quickly, I coded this:
size = 10
once s=size*pointsize
once iprice = close
while close>iprice+s do
iprice=close
wend
while close<iprice-s do
iprice=close
wend
return iprice
But I have a doubt, I go back there.. I believe that the line must continue in the same direction until a reversal of X (10) points, is not it?
New version, I think it’s the closest to your query.
size = 10
once s=size*pointsize
once iprice = close
while high>iprice+s do
iprice=close
dir = 1
r=0
g=255
wend
while low<iprice-s do
iprice=close
dir = -1
r=255
g=0
wend
if dir=1 then
iprice=max(iprice,high)
elsif dir=-1 then
iprice=min(iprice,low)
endif
return iprice coloured(r,g,0) style(line,2)
Hello Nicolas,
i m looking. i have infinite loop currently.
below the screen updated with white line and thevergacal bar must be go.
appreciate your help.
Cheers.
ok, but since we can’t modify the time line of the platform (X-axis), I have to build arrays of candlesticks and plot them back in the past, more tricky but will do. So you will not be able to compare the price chart with the new candlesticks the code will plot, they will be both out of sync.
If you encounter infinite loop, I think it’s because you are using a timeframe too high to get a 10 points retracement in the same bar, please try with DAX / 5 ticks for example. What instrument are you trying?
Here is a more complete version where you can select the display of the bars in 2 different modes: line mode (like previous code) or bars mode.
In bars mode (mode = 1), you can select if the bars are anchored on the time of their creation or like a classic chart (one bar per time period). See pictures attached for a better understanding.
Hello Nicolas,
the scale mode is very useful !!!
do u think u can add an option for drawing a line from low to high and high to low when we are in scale mode ( true reversal mecanism) ?
Cheers.
Could you explain with a drawing? It worked well last time 😉
Please find attached a modified version, that get rid of the infinite loop issue. Please do your own test in live to make sure all is ok.
Hello Nicolas,
thanks for delivery. i m looking.
have a nice day.
cheers.
S.T
