Indicators from ITFA paper “Number-Based Sentiment Indicators”

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12/14/2020 at 6:48 PM #153738 quote
lorebruno
Participant

New
Dear All,

I just notice the paper “Number-Based Sentiment Indicators” on the last issue of ITFA (Metastock). In particular the authors discuss:
- 3 ATR trailing stops (short /mid / long term)
- a sentiment indicator
- a Short-term/Mid-term/Long-term Cycle indicator
I would be interested in seeing the Prorealtime code since I am really not familiar with Metastock lenguage, particularly for the ATR trailing stops and the sentiment indicator.

Can you help me on this topic? I attached two file word containing the code of each indicator plus screenshots taken from the paper.

Thank you very much! And thank you also from the previous conversion I asked!

Lorenzo

Trailing-Stop-Short-term_Mid-term_Long-term-.docx Trailing-Stops-ATR.jpg Sentiment-ITFA.jpg Cycles-Indicators.jpg
12/15/2020 at 11:11 AM #153822 quote

Nicolas
Keymaster

Legend

Added to my conversion list. Will try to do it before holidays, but not sure.. Thanks for being patient.

12/15/2020 at 11:34 AM #153826 quote

lorebruno
Participant

New

Thanks Nicolas! There’s no hurry obviously!

I take the opportunity to express my congratulation for the wonderful work you do on this forum!

Lorenzo

01/06/2021 at 2:16 PM #156591 quote

lorebruno
Participant

New

Dear All,

did you have any chance to have a look to this request?

Thanks

Lorenzo

01/06/2021 at 4:49 PM #156629 quote
Nicolas
Keymaster

Legend
Here is the first one, similar to a supertrend somehow, add it 3 times with different Length: Short-term: 1.5 / Mid-term: 3.0 / Long-term: 4.5
```
Length= 1.5 //Mid-term: 3.0 / Long-term: 4.5
iVolatility= Length*AverageTrueRange[5](close)
StdevOfVolatility= 3*(1/Sqrt(Length))*Std[30](iVolatility)
EmaM= (High+Low+Close)/3
EmaTR= iVolatility + StdevOfVolatility

//once prev=close

//Stop:= 
If( PREV < Close ) then 
If( EmaM - EmaTR ) >= PREV then 
istop = ( EmaM - EmaTR )
else
istop = PREV
endif
else
istop = ( EmaM - EmaTR )
endif
StopLong= iStop
//Stop:= 
If( PREV > Close) then 
If( EmaM + EmaTR ) <= PREV then 
istop = ( EmaM + EmaTR )
else 
istop = PREV
endif
else
istop = ( EmaM + EmaTR )
endif
StopShort= iStop

if close<stoplong[1] then
barssincelong=barindex
endif
if close>stopshort[1] then
barsinceshort=barindex
endif
////If(BarsSince(C < Ref(StopLong,-1)) > BarsSince(C > Ref(StopShort,-1)), StopLong, StopShort);
if barssincelong>barsinceshort then
prev=stopshort
r=255
g=0
else
prev=stoplong
r=0
g=255
endif


return prev coloured(r,g,0) style(line,2)//,stoplong style(dottedline),stopshort
```
Monobrow thanked this post

trailing-stop-short-mid-and-long-term.png
01/07/2021 at 9:01 AM #156702 quote

lorebruno
Participant

New

Thank you for the prompt reply!

Let me know what you think of the other two. Are they complicated?

Lorenzo

01/07/2021 at 11:46 AM #156732 quote

Nicolas
Keymaster

Legend

As far as I understand those other indicators are comparison between the 3 trailing stop, first there is difference one and the other one is normalized value of the current indicator compared to a lookback period (similar of stochastic).

01/07/2021 at 1:56 PM #156748 quote

lorebruno
Participant

New

Yes, that’s correct but unfortunately I don’t know metatrader coding and I can’t really understand the details.

If you think it makes sense, I would be interesting in having a .itf code at least for the sentiment indicator…

If you don’t think it’s worth it please redirect me to the conversion service with a fee.

Thanks a lot for your help and availability

Best

Lorenzo

01/13/2021 at 5:48 PM #157683 quote

g_tini
Participant

New

Hi All,

I would be interested in a Prorealtime code for the sentiment indicator as well… Do you think it would be possible to translate it?

I would be gratefull to anyone who would like to work on this

Thanks a lot

Giorgio

01/14/2021 at 11:03 AM #157774 quote

Nicolas
Keymaster

Legend

Private paid programming services is available here: https://www.prorealcode.com/trading-programming-services/

01/14/2021 at 6:49 PM #157877 quote

g_tini
Participant

New

Thanks for your reply.

I tried to submit it through the link you shared but when I click on “send” nothing happen.

Can I submit my request in another way (i.e. e-mail address)?

Thanks

Giorgio

04/12/2021 at 7:49 AM #166805 quote

lorebruno
Participant

New

Hi All,

I got a Tradingview script for the above mentioned TradingCycle indicator. However I obtained different values compared to the prt code reported above.

Could anybody provide me a prt code corresponding to Tradingview code I attached here as .doc file?

Thanks

Lorenzo

TrailingStop-Cycles.docx

04/12/2021 at 10:07 AM #166821 quote
Nicolas
Keymaster

Legend
Hi, I think that the below code should work the same, I stumble upon a small error:
```
Length= 1.5 //Mid-term: 3.0 / Long-term: 4.5
iVolatility= Length*AverageTrueRange[5](close)
StdevOfVolatility= 3*(1/Sqrt(Length))*Std[30](iVolatility)
EmaM= (High+Low+Close)/3
EmaTR= iVolatility + StdevOfVolatility

If( stoplong[1] < Close ) then
If( EmaM - EmaTR ) >= stoplong[1] then
stoplong = ( EmaM - EmaTR )
else
stoplong = stoplong[1]
endif
else
stoplong = ( EmaM - EmaTR )
endif

If( stopshort[1] > Close) then
If( EmaM + EmaTR ) <= stopshort[1] then
stopshort = ( EmaM + EmaTR )
else
stopshort = stopshort[1]
endif
else
stopshort = ( EmaM + EmaTR )
endif

if close crosses over stopshort[1] then 
trend=1
elsif close crosses under stoplong[1] then
trend=-1
endif 
if trend>=0 then 
istop=stoplong 
else
istop=stopshort
endif 

return istop
```
04/12/2021 at 11:09 AM #166846 quote

lorebruno
Participant

New

Thanks Nicolas for your super fast reply!!!

Have a nice day!

Lorenzo
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