PerfectTrendLine – trend reversal how to code it?

• 10/19/2017 at 8:55 PM #49993
  Abz

  Hello

  anyone who can help to identy what to use in this code to identify the trend reversel? basically go long when blue dot apperas and short when red dot appears

   

  //PRC_PerfectTrendLine ptl | indicator //16.10.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from MT4 version (original author mladen) //enhanced version by Nicolas // --- settings //SlowLength = 7 // Slow length //SlowPipDisplace = 0 // Slow pip displace //FastLength = 3 // Fast length //FastPipDisplace = 0 // Fast pip displace // --- end of settings thigh1 = Highest[SlowLength](high)+ SlowPipDisplace*pointsize tlow1 = Lowest[SlowLength](low)- SlowPipDisplace*pointsize thigh2 = Highest[FastLength](high)+ FastPipDisplace*pointsize tlow2 = Lowest[FastLength](low)- FastPipDisplace*pointsize if barindex>2 then if Close>line1[1] then line1 = tlow1 else line1 = thigh1 endif if Close>line2[1] then line2 = tlow2 else line2 = thigh2 endif endif if (Close[0]<line1[0] and Close[0]<line2[0]) then trend = 1 endif if (Close[0]>line1[0] and Close[0]>line2[0]) then trend = -1 endif if (line1[0]>line2[0] or trend[0] = 1) then trena = 1 endif if (line1[0]<line2[0] or trend[0] = -1) then trena = -1 endif if trena<>trena[1] then if trena=1 then x = max(line1,line2) r=200 g=20 b=60 else x = min(line1,line2) r=30 g=144 b=255 endif drawtext("●",barindex,x,Dialog,Bold,10) coloured(r,g,b) endif drawbarchart(line1,line2,line1,line2) coloured(r,g,b,50) return line1 coloured(r,g,b,100) style(line,1),line2 coloured(r,g,b,100) style(line,1)

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  //PRC_PerfectTrendLine ptl | indicator //16.10.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from MT4 version (original author mladen) //enhanced version by Nicolas   // --- settings //SlowLength         = 7 // Slow length //SlowPipDisplace    = 0 // Slow pip displace //FastLength         = 3 // Fast length //FastPipDisplace    = 0 // Fast pip displace // --- end of settings   thigh1 = Highest[SlowLength](high)+ SlowPipDisplace*pointsize tlow1  = Lowest[SlowLength](low)- SlowPipDisplace*pointsize thigh2 = Highest[FastLength](high)+ FastPipDisplace*pointsize tlow2  = Lowest[FastLength](low)- FastPipDisplace*pointsize   if barindex>2 then if Close>line1[1] then line1 = tlow1 else line1 = thigh1 endif if Close>line2[1] then line2 = tlow2 else line2 = thigh2 endif endif   if (Close[0]<line1[0] and Close[0]<line2[0]) then trend =  1 endif if (Close[0]>line1[0] and Close[0]>line2[0]) then trend = -1 endif if (line1[0]>line2[0] or trend[0] =  1) then trena =  1 endif if (line1[0]<line2[0] or trend[0] = -1) then trena = -1 endif if trena<>trena[1] then if trena=1 then x = max(line1,line2) r=200 g=20 b=60 else x = min(line1,line2) r=30 g=144 b=255 endif drawtext("●",barindex,x,Dialog,Bold,10) coloured(r,g,b) endif drawbarchart(line1,line2,line1,line2) coloured(r,g,b,50)   return line1 coloured(r,g,b,100) style(line,1),line2 coloured(r,g,b,100) style(line,1)

   

  

  Abz

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  10/20/2017 at 7:32 AM #50018
  Nicolas

  Basically, you can use the “r” variable value to know if the lines are currently red or not, just by adding “r” to the RETURN instruction and use this variable value in your own automatic trading strategy.

  If r=200, then this is red (bearish) and if not it is blue (bullish).

  To spot the signals, just compare if the previous “r” was in blue value and if the current one is in red value. Let me know if it is not clear for you 😉

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  Abz

  

  Nicolas

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