Hosoda Projection Indicator

ArturAgababyan13 · 2022-02-05T20:24:12+00:00

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

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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

Legend
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

Legend

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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