Request: (Hurst) Cycle Channel Oscillator (LazyBear, Tradingview)
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Hi!
I’ve been using prorealtime and using work done in ProRealCode Phorum for a while, and I am really grateful for the job. This is my first message and request. I’va fallen in love with an adaptation made in Tradingview of this indicator, https://www.prorealcode.com/prorealtime-indicators/hurst-cycle-channel-clone/.
The same author has created the indicator transformed in an Oscillator (Link here). The thing is that there is an option to apply the code, instead of the price, to another mean or indicator, and I think is a really interesting and useful transformation (transform an average in an oscillator, can smooth and supress noise and pullbacks, etc). Could it be translated to PRT having that option of applying to another indicator or average? Thanks in advance!
(It has also the option of painting candlebars, Maybe is interesting, but for me it wouldn’t be necessary in case means extra work for you).
I attach here the original pinescript code:
// // @author LazyBear // study("Hurst Cycle Channel Clone Oscillator [LazyBear]", shorttitle="HCCCO_LB", overlay=false) scl_t = input(10, title="Short Cycle Length?") mcl_t = input(30, title="Medium Cycle Length?") scm = input(1.0, title="Short Cycle Multiplier?") mcm = input(3.0, title="Medium Cycle Multiplier?") src=input(close, title="Source") scl = scl_t/2, mcl = mcl_t/2 ma_scl=rma(src,scl) ma_mcl=rma(src,mcl) scm_off = scm*atr(scl) mcm_off = mcm*atr(mcl) scl_2=scl/2, mcl_2=mcl/2 sct = nz(ma_scl[scl_2], src)+ scm_off scb = nz(ma_scl[scl_2], src)- scm_off mct = nz(ma_mcl[mcl_2], src)+ mcm_off mcb = nz(ma_mcl[mcl_2], src)- mcm_off scmm=avg(sct,scb) ul=plot(1.0, title="UpperLine", color=gray), ml=plot(0.5, title="MidLine", color=gray), ll=plot(0.0, title="LowerLine", color=gray) fill(ll,ml,color=red), fill(ul,ml,color=green) omed=(scmm-mcb)/(mct-mcb) oshort=(src-mcb)/(mct-mcb) plot(omed>=1.0?omed:na, histbase=1.0, style=histogram, color=purple, linewidth=2, title="MediumCycleOB") plot(omed<=0.0?omed:na, histbase=0.0, style=histogram, color=purple, linewidth=2, title="MediumCycleOS") plot(oshort>=1.0?oshort:na, histbase=1.0, style=histogram, color=purple, linewidth=2, title="ShortCycleOB") plot(oshort<=0.0?oshort:na, histbase=0.0, style=histogram, color=purple, linewidth=2, title="ShortCycleOS") plot(oshort, color=red, linewidth=2, title="FastOsc") plot(omed, color=green, linewidth=2, title="SlowOsc") ebc=input(false, title="Enable bar colors") bc=(oshort>0.5)?(oshort>1.0?purple:(oshort>omed?lime:green)):(oshort<0?purple:(oshort<omed?red:orange)) barcolor(ebc?bc:na)IBEX35
Here is the code translated from Pinescript into ProRealTime. You have to change the src variable to inject any type of value, in this version it is the Close.
//PRC_Cycle Channel Oscillator | indicator 03.03.2020 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript // --- settings sclt = 10 //Short Cycle Length mclt = 30 //Medium Cycle Length scm = 1.0 //Short Cycle Multiplier mcm = 3.0 //Medium Cycle Multiplier // --- end of settings src=customclose //Source once scl = round(sclt/2) once mcl = round(mclt/2) mascl=wilderaverage[scl](src) mamcl=wilderaverage[mcl](src) scmoff = scm*averagetruerange[scl] mcmoff = mcm*averagetruerange[mcl] once scl2=round(scl/2) once mcl2=round(mcl/2) sct = mascl[scl2]+ scmoff scb = mascl[scl2]- scmoff mct = mamcl[mcl2]+ mcmoff mcb = mamcl[mcl2]- mcmoff scmm=(sct+scb)/2 omed=(scmm-mcb)/(mct-mcb) oshort=(src-mcb)/(mct-mcb) if omed >=1 then drawsegment(barindex,1,barindex,omed) coloured(128,0,128) endif if omed <=0 then drawsegment(barindex,0,barindex,omed) coloured(128,0,128) endif if oshort >=1 then drawsegment(barindex,1,barindex,oshort) coloured(128,0,128) endif if oshort <=0 then drawsegment(barindex,0,barindex,oshort) coloured(128,0,128) endif return 1.0 coloured(168,168,168) as "UpperLine", 0.5 coloured(168,168,168) as "MidLine", 0.0 coloured(168,168,168) as "LowerLine",oshort coloured(255,0,0) style(line,2) as "FastOsc",omed coloured(0,255,0) style(line,2) as "SlowOsc" //plot(omed>=1.0?omed:na, histbase=1.0, style=histogram, color=purple, linewidth=2, title="MediumCycleOB") //plot(omed<=0.0?omed:na, histbase=0.0, style=histogram, color=purple, linewidth=2, title="MediumCycleOS") //plot(oshort>=1.0?oshort:na, histbase=1.0, style=histogram, color=purple, linewidth=2, title="ShortCycleOB") //plot(oshort<=0.0?oshort:na, histbase=0.0, style=histogram, color=purple, linewidth=2, title="ShortCycleOS"Thanks!
As an example, I attach first image on my desktop now, Oil daily futures:
The indicators, for comparing purposes, are: Cycle channel oscillator applied to VIDYA, SUperbandpass filer, Wavetrend, and DSS , all with standars inputs.
In a first impression, I would say, being a relatively slow indicator, it gives clear big picture turning the moving average into an oscillator, signal ranging markets well like the Vidya (in which use another kind of oscillator), and has big divergences in major turning points. Probably it gives interesting results merging with other kind of moving averages, oscillators or price filters.
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 03/02/2020 |
| Status: | Active |
| Attachments: | 4 files |
