Dear All,
I just found this indicator on Tradingview code (Pinescript) that I found interesting:
https://www.tradingview.com/script/1HAKnNRc-Grab-Trading-System/
I would be interested in evaluating the outcome of this indicator on Prorealtime.
I attached the following files:
- file with the screenshot from Tradingview in which I applied this indicator to US500 Future (1 hour timeframe)
- file with the Pinescript script
I would be interested in the indicator behind the trading system rather than the trading system itself.
Thanks to anyone would like to take the chance of having a look to this request
Best regards
Lorenzo
JSParticipant
Senior
Hi @lorebruno
Here is the indicator of the Grab system…
I have set the “color fills” in the graph, the fills are not exactly the same, but this is the best I think is currently possible.
Regards Jaap
//Grab Trading Indicator
Once Trend = 0
flb = 80 //Longterm Period Max=80 Min=1
slb = 21 //Shortterm Period Max=21 Min=1)
MajorResistance = highest[flb]
MajorSupport = lowest[flb]
MinorResistance = highest[slb]
MinorSupport = lowest[slb]
If high > MajorResistance[1] then
Trend=1
EndIf
If low < MajorSupport[1] then
Trend=-1
EndIf
If Trend = 1 and low Crosses Over MinorSupport then
xLong = 1
EndIf
If Trend = -1 and high Crosses Under MinorResistance then
xShort = 1
EndIf
If xLong=1 and High Crosses Under MinorResistance then
xLong=0
EndIf
If xShort =1 and Low Crosses Over MinorSupport then
xShort=0//if strategy.position_size < 0
EndIf
If Trend=-1 and Trend[1]=-1 then
MajRColor = 255
else
MajRColor=0
EndIf
If Trend=1 and Trend[1]=1 then
MajSColor = 255
else
MajSColor=0
EndIf
If Trend = 1 and xLong=1 then
MinRColorR=255
MinRColorG=255
Else
MinRColorR=0
MinRColorG=0
EndIf
If Trend=-1 and xShort=1 then
MinSColorR=255
MinSColorG=255
Else
MinSColorR=0
MinSColorG=0
EndIf
Return MajorResistance as "MajorResistance" Coloured(MajRColor,0,0), MajorSupport as "MajorSupport" Coloured(0,MajSColor,0), MinorResistance as "MinorResistance" Coloured(MinRColorR,MinRColorG,0), MinorSupport as "MinorSupport" Coloured(MinSColorR,MinSColorG,0)
Thanks a lot for your reply JS!
What do you mean with ““color fills” in the graph, the fills are not exactly the same”? You refer only to the colour or also to the indicator value?
Lorenzo
JSParticipant
Senior
Hi Lorenzo,
The color filling between the different support and resistance lines can be processed in your code but you can also set it in the graph itself. I did the latter…
The indicator values correspond to the original code, but the (color) fill between the different lines may differ slightly…
Regards Jaap
Thanks for the prompt reply!
If it is only about the colour it doesn’t matter, the important thing is the the “numeric value” output is the same!
Lorenzo
You can use
COLORBETWEEN to add color fill between 2 values.
