Hosoda Projection Indicator

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  • 02/05/2022 at 9:24 PM #187620 quote
    ArturAgababyan13
    Participant
    New

    Hello,
    I want to create an indicator that projects price targets according to points A, B and C (Hosoda’s Projection), much like fibonacci extensions. Here are the mathematical formulas for calculating price targets:
    If B > C > A then:
    – Objective N = C + (B-A)
    – Objective E = B + (B-A)
    – Objective V = B + (B – C)
    – Objective NT = C + (C – A)

    If B < C < C then:
    – Goal N = C – (A-B)
    – Objective E = B – (A-B)
    – Objective V = B – (C – B)
    – Objective NT = C – (A – C)

    My problem is not the mathematical calculation, it is the fact of wanting to use it as the extension of fibonacci by pressing its logo in the toolbar.

    If anyone can help me that would be great! I could share it with the community once I program it.

     

    Best regards

    02/06/2022 at 12:40 AM #187627 quote
    robertogozzi
    Moderator
    Master

    It’s not possible:

    • to modify existing tools by adding custom code
    • to add custom tools to the toolbar
    • to write code that interacts with I/O devices and objects.

    You can make an indicator setting the points A, B, C with its properties.

    02/06/2022 at 1:07 AM #187629 quote
    robertogozzi
    Moderator
    Master

    Here there’s a post https://www.prorealcode.com/topic/ichimoku-calcolo-target-onda-n/#post-168469

    02/06/2022 at 2:49 PM #187679 quote
    ArturAgababyan13
    Participant
    New

    Hello! Thank you for your help!! There is my code:

    defparam drawonlastbaronly = true

    if a < b then
    n = c+(b-a)
    e = b+(b-a)
    v = b+(b-c)
    nt = c+(c-a)
    else
    n = c-(a-b)
    e = b-(a-b)
    v = b-(c-b)
    nt = c-(a-c)
    endif

    drawhline(n)coloured(255,140,0)
    DRAWTEXT(“Wave N #N#”, barindex + 25, N + (N * 0.003), Dialog, Standard, 12) COLOURED(255,140,0)

    DRAWHLINE(e)coloured(0,191,255)
    DRAWTEXT(“Wave E #E#”, barindex + 25, E + (E * 0.003), Dialog, Standard, 12) COLOURED(0,191,255)

    DRAWHLINE(v)coloured(255,0,0)
    DRAWTEXT(“Wave V #V#”, barindex + 25, V + (V * 0.003), Dialog, Standard, 12) COLOURED(255,0,0)

    DRAWHLINE(nt)coloured(225,215,0)
    DRAWTEXT(“Wave NT #NT#”, barindex + 25, NT + (NT * 0.003), Dialog, Standard, 12) COLOURED(225,215,0)

    return n, e, v, nt

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Hosoda Projection Indicator


ProBuilder: Indicators & Custom Tools

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ArturAgababyan13 @arturagababyan13 Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by ArturAgababyan13
4 years ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 02/05/2022
Status: Active
Attachments: No files
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