Swinglines
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I am trying to build an indicator as shown in this screenshot from youtube.
This gentleman is Ira Epstein and posts his end of day financial videos on YouTube.
The indicator I am referring is a swingline (the one in gold color that connects highs and lows in the screenshot).
I would like to see what is the low and the high let’s say 50 bars ago, and check each following bar at a time looking for:
- higher highs
- lower lows
- inside days
- outside days up
- outside days down
(which he mentions here https://www.youtube.com/watch?v=CVrfDOVKLlE ) and connect the points to be connected.
The original indicator is copyrighed but I am only trying to replicate it looking at his videos and listening what he said.
Could some good soul please post a simple code to connect all the lows in a chart from, let’s say, 50 bars ago?
I need this simple kick-off because I can’t understand how “drawsegment” works in practice.
Thanks
This is the indicator I thought.
The original one is proprietary to Ira Epstein, and I tried only to replicate it looking at his charts posted on youtube videos and trying to understand the logic in which he combined the data.
Surely it has some flaws but it seems to work the way I wanted.
Let’s call it a Beta version
PS
@Roberto/NicolasCould you please modify the title of this thread to “Swinglines”? In case one tries to search it.
//Swing Lines (from an idea by Ira Epstein) HH=high[0]>high[1] AND low[0]>low[1] LL=high[0]<high[1] AND low[0]<low[1] ID=high[0]<=high[1] AND low[0]>=low[1] ODU=high[0]>high[1] AND low[0]<low[1] AND close[0]>open[0] ODD=high[0]>=high[1] AND low[0]<=low[1] AND close[0]<open[0] //higher highs higher lows if HH then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=1 //lower highs lower lows elsif LL then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=0 //inside day elsif ID then //if after uptrend if flag=1 OR flag=3 or flag=4 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=4 //if after downtrend elsif flag=0 OR flag=2 or flag=5 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=5 endif //outside day up elsif ODU then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=2 //outside day down elsif ODD then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=3 else endif Return
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 04/25/2019 |
| Status: | Active |
| Attachments: | 2 files |
