Converting Five Bar Trend indicator to Pro Order

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08/25/2019 at 6:11 AM #105482 quote

soulintact

Participant

Senior

Good morning!

I tried to rewrite the latest great indicator of Vonasi, Five Bar Trend Dashboard, to pro order, but failed. Any one care to elaborate what I am doing wrong, thanks!

//-------------------------------------------------------------------------
defparam cumulateorders=false
Defparam preloadbars=10000

//-------------------------------------------------------------------------

// --- settings of ORDERS
amount = 100 //quantity of shares/contracts to open for each new order

//-------------------------------------------------------------------------
//Indicators
//Indicator type: Candle trend in 5 different time frames
//Edited code originates from: Five Bar Trend
//Author: Vonasi
//Date: 20190822
//Source: https://www.prorealcode.com/prorealtime-indicators/five-bar-trend-dashboard/


m5 = customclose

//m5=typicalprice
//m5=medianprice
//m5=totalprice
//m5=weightedclose
//m5=(close or customclose = open or customclose = high or customclose = low)

m10h = highest[2](high)
m10l = lowest[2](low)
m10o = open[1]
 
m15h = highest[3](high)
m15l = lowest[3](low)
m15o = open[2]
 
m20h = highest[4](high)
m20l = lowest[4](low)
m20o = open[3]
 
m25h = highest[5](high)
m25l = lowest[5](low)
m25o = open[4]
 
if customclose = typicalprice then
m10 = (m10h + m10l + close)/3
m15 = (m15h + m15l + close)/3
m20 = (m20h + m20l + close)/3
m25 = (m25h + m25l + close)/3
endif
 
if customclose = medianprice then
m10 = (m10h + m10l)/2
m15 = (m15h + m15l)/2
m20 = (m20h + m20l)/2
m25 = (m25h + m25l)/2
endif
 
if customclose = totalprice then
m10 = (m10h + m10l + m10o + close)/4
m15 = (m15h + m15l + m15o + close)/4
m20 = (m20h + m20l + m20o + close)/4
m25 = (m25h + m25l + m25o + close)/4
endif
 
if customclose = weightedclose then
m10 = (m10h + m10l + (2 * close))/4
m15 = (m15h + m15l + (2 * close))/4
m20 = (m20h + m20l + (2 * close))/4
m25 = (m25h + m25l + (2 * close))/4
endif
 
if customclose = close or customclose = open or customclose = high or customclose = low then
m5 = open
m10 = m10o
m15 = m15o
m20 = m20o
m25 = m25o
endif
  
//Line 1, First time frame
//Red dot
if close < m5 then
L1=-1
down = down + 1
endif

//Green dot
if close > m5 then
L1=1
up = up + 1
endif
 
//Line 2, Second time frame
//Red dot
if close < m10 then
L2=-1
down = down + 1
endif

//Green dot
if close > m10 then
L2=1
up = up + 1
endif
 
//Line 3, Third time frame
//Red dot
if close < m15 then
L3=-1
down = down + 1
endif

//Green dot
if close > m15 then
L3=1
up = up + 1
endif
 
//Line 4, Fourth time frame
//Red dot
if close < m20 then
L4=-1
down = down + 1
endif

//Green dot
if close > m20 then
L4=1
up = up + 1
endif

//Line 5, Fifth time frame
//Red dot
if close < m25 then
L5=-1
down = down + 1
endif

//Green dot
if close > m25 then
L5=1
up = up + 1
endif

//Market reversal
//Down
if up[1] = 5 and down <> 5 and up <> 5 then
reda = ucount[1]
ucount = 0
Arrow=-1
endif

//Up
if down[1] = 5 and down <> 5 and up <> 5 then
greena = dcount[1]
dcount = 0
Arrow=1
endif
 
BullCandle5=((L1=1)and(L2=1)and(L3=1)and(L4=1)and(L5=1)) or ((Arrow=1) and (greena>=3))
BearCandle5=((L1=-1)and(L2=-1)and(L3=-1)and(L4=-1)and(L5=-1)) or ((Arrow=-1) and (reda>=3))

//Conditions when to act
if (not longonmarket and BullCandle5) then
buy amount shares at market
endif
 
if (longonmarket and BearCandle5 and positionperf>0) then
sell at market
endif

08/25/2019 at 9:16 AM #105487 quote

GraHal

Participant

Master

What is yours not doing? Maybe you are blowing your Account with Lot = 100?? 🙂

Attached with Lot = 1

soulintact thanked this post

Soul.jpg

Soul-2.jpg

08/25/2019 at 9:49 AM #105491 quote

Vonasi

Moderator

Master

Just like GraHal it works for me. I have removed all references to customclose and referenced m5 instead so that it will work with the various custom prices by // out the prices you don’t need.

//-------------------------------------------------------------------------
defparam cumulateorders=false
Defparam preloadbars=10000

//-------------------------------------------------------------------------

// --- settings of ORDERS
amount = 100 //quantity of shares/contracts to open for each new order

//-------------------------------------------------------------------------
//Indicators
//Indicator type: Candle trend in 5 different time frames
//Edited code originates from: Five Bar Trend
//Author: Vonasi
//Date: 20190822
//Source: https://www.prorealcode.com/prorealtime-indicators/five-bar-trend-dashboard/

//m5=typicalprice
m5=medianprice
//m5=totalprice
//m5=weightedclose
//m5=open

m10h = highest[2](high)
m10l = lowest[2](low)
m10o = open[1]
 
m15h = highest[3](high)
m15l = lowest[3](low)
m15o = open[2]
 
m20h = highest[4](high)
m20l = lowest[4](low)
m20o = open[3]
 
m25h = highest[5](high)
m25l = lowest[5](low)
m25o = open[4]
 
if m5 = typicalprice then
m10 = (m10h + m10l + close)/3
m15 = (m15h + m15l + close)/3
m20 = (m20h + m20l + close)/3
m25 = (m25h + m25l + close)/3
endif
 
if m5 = medianprice then
m10 = (m10h + m10l)/2
m15 = (m15h + m15l)/2
m20 = (m20h + m20l)/2
m25 = (m25h + m25l)/2
endif
 
if m5 = totalprice then
m10 = (m10h + m10l + m10o + close)/4
m15 = (m15h + m15l + m15o + close)/4
m20 = (m20h + m20l + m20o + close)/4
m25 = (m25h + m25l + m25o + close)/4
endif
 
if m5 = weightedclose then
m10 = (m10h + m10l + (2 * close))/4
m15 = (m15h + m15l + (2 * close))/4
m20 = (m20h + m20l + (2 * close))/4
m25 = (m25h + m25l + (2 * close))/4
endif
 
if m5 = open then
m5 = open
m10 = m10o
m15 = m15o
m20 = m20o
m25 = m25o
endif
  
//Line 1, First time frame
//Red dot
if close < m5 then
L1=-1
down = down + 1
endif

//Green dot
if close > m5 then
L1=1
up = up + 1
endif
 
//Line 2, Second time frame
//Red dot
if close < m10 then
L2=-1
down = down + 1
endif

//Green dot
if close > m10 then
L2=1
up = up + 1
endif
 
//Line 3, Third time frame
//Red dot
if close < m15 then
L3=-1
down = down + 1
endif

//Green dot
if close > m15 then
L3=1
up = up + 1
endif
 
//Line 4, Fourth time frame
//Red dot
if close < m20 then
L4=-1
down = down + 1
endif

//Green dot
if close > m20 then
L4=1
up = up + 1
endif

//Line 5, Fifth time frame
//Red dot
if close < m25 then
L5=-1
down = down + 1
endif

//Green dot
if close > m25 then
L5=1
up = up + 1
endif

//Market reversal
//Down
if up[1] = 5 and down <> 5 and up <> 5 then
reda = ucount[1]
ucount = 0
Arrow=-1
endif

//Up
if down[1] = 5 and down <> 5 and up <> 5 then
greena = dcount[1]
dcount = 0
Arrow=1
endif
 
BullCandle5=((L1=1)and(L2=1)and(L3=1)and(L4=1)and(L5=1)) or ((Arrow=1) and (greena>=3))
BearCandle5=((L1=-1)and(L2=-1)and(L3=-1)and(L4=-1)and(L5=-1)) or ((Arrow=-1) and (reda>=3))

//Conditions when to act
if (not longonmarket and BullCandle5) then
buy amount shares at market
endif
 
if (longonmarket and BearCandle5 and positionperf>0) then
sell at market
endif

soulintact and Paul thanked this post

08/25/2019 at 10:09 AM #105497 quote

soulintact

Participant

Senior

Thank you Vonasi you solved it. I missed out to remove all references to customclose and to refere m5 instead, thanks!!

09/18/2019 at 4:09 PM #107886 quote

soulintact

Participant

Senior

Dear Vonasi,

Now I am trying to figure out how to calculate the upper line, which I thought was dcount (down, green) or ucount (up, red). I made a simple exit condition, BearCount that you will find in the end of the code. What am I doing wrong?

//Indicator type: Candle trend in 5 different time frames
//Edited code originates from: Five Bar Trend
//Author: Vonasi
//Date: 20190822
//Source: https://www.prorealcode.com/prorealtime-indicators/five-bar-trend-dashboard/
 
//m5=typicalprice
m5=medianprice
//m5=totalprice
//m5=weightedclose
//m5=open
 
m10h = highest[2](high)
m10l = lowest[2](low)
m10o = open[1]
 
m15h = highest[3](high)
m15l = lowest[3](low)
m15o = open[2]
 
m20h = highest[4](high)
m20l = lowest[4](low)
m20o = open[3]
 
m25h = highest[5](high)
m25l = lowest[5](low)
m25o = open[4]
 
if m5 = typicalprice then
m10 = (m10h + m10l + close)/3
m15 = (m15h + m15l + close)/3
m20 = (m20h + m20l + close)/3
m25 = (m25h + m25l + close)/3
endif
 
if m5 = medianprice then
m10 = (m10h + m10l)/2
m15 = (m15h + m15l)/2
m20 = (m20h + m20l)/2
m25 = (m25h + m25l)/2
endif
 
if m5 = totalprice then
m10 = (m10h + m10l + m10o + close)/4
m15 = (m15h + m15l + m15o + close)/4
m20 = (m20h + m20l + m20o + close)/4
m25 = (m25h + m25l + m25o + close)/4
endif
 
if m5 = weightedclose then
m10 = (m10h + m10l + (2 * close))/4
m15 = (m15h + m15l + (2 * close))/4
m20 = (m20h + m20l + (2 * close))/4
m25 = (m25h + m25l + (2 * close))/4
endif
 
if m5 = open then
m5 = open
m10 = m10o
m15 = m15o
m20 = m20o
m25 = m25o
endif
  
//Line 1, First time frame
//Red dot
if close < m5 then
L1=-1
down = down + 1
endif
 
//Green dot
if close > m5 then
L1=1
up = up + 1
endif
 
//Line 2, Second time frame
//Red dot
if close < m10 then
L2=-1
down = down + 1
endif
 
//Green dot
if close > m10 then
L2=1
up = up + 1
endif
 
//Line 3, Third time frame
//Red dot
if close < m15 then
L3=-1
down = down + 1
endif
 
//Green dot
if close > m15 then
L3=1
up = up + 1
endif
 
//Line 4, Fourth time frame
//Red dot
if close < m20 then
L4=-1
down = down + 1
endif
 
//Green dot
if close > m20 then
L4=1
up = up + 1
endif
 
//Line 5, Fifth time frame
//Red dot
if close < m25 then
L5=-1
down = down + 1
endif
 
//Green dot
if close > m25 then
L5=1
up = up + 1
endif

//Calculating amount of ups eller downs reflected in first row
up = 0
down = 0

if close < m5 then
down = down + 1
endif

if close > m5 then
up = up + 1
endif

if close < m10 then
down = down + 1
endif

if close > m10 then
up = up + 1
endif

if close < m15 then
down = down + 1
endif

if close > m15 then
up = up + 1
endif

if close < m20 then
down = down + 1
endif

if close > m20 then
up = up + 1
endif

if close < m25 then
down = down + 1
endif

if close > m25 then
up = up + 1
endif

if down = 5 then
dcount = dcount + 1
ucount = 0
endif

if up = 5 then
dcount = 0
ucount = ucount + 1
endif

BearCount=dcount > 7

fivebar.png

09/18/2019 at 10:01 PM #107902 quote

Vonasi

Moderator

Master

Sorry soulintact but I don’t fully understand what you are trying to do. The top line is just the count of bars in a row where all tests have been either all up or all tests have been down.

The only thing I can say is that if a test results in not all tests being up or not all tests being down then the following code does not reset dcount or ucount to zero.

if down = 5 then
dcount = dcount + 1
ucount = 0
endif
 
if up = 5 then
dcount = 0
ucount = ucount + 1
endif
 
BearCount=dcount > 7

soulintact thanked this post

09/19/2019 at 7:43 AM #107911 quote

soulintact

Participant

Senior

Thank you Vonasi for your prompt reply. Sorry for not being clear enough.

As of the included file, I want to be able to calculate the numbers 3(green) 1 (green) 1 (red) 8 (red) 1 (red) 1 (green) 4 (green) 1 (green).

By the code I wanted to exit the position when the number of red/down was greater than 7. I enclose the code again with your suggested modification.

//Indicator type: Candle trend in 5 different time frames
//Edited code originates from: Five Bar Trend
//Author: Vonasi
//Date: 20190822
//Source: https://www.prorealcode.com/prorealtime-indicators/five-bar-trend-dashboard/
 
//m5=typicalprice
m5=medianprice
//m5=totalprice
//m5=weightedclose
//m5=open
 
m10h = highest[2](high)
m10l = lowest[2](low)
m10o = open[1]
 
m15h = highest[3](high)
m15l = lowest[3](low)
m15o = open[2]
 
m20h = highest[4](high)
m20l = lowest[4](low)
m20o = open[3]
 
m25h = highest[5](high)
m25l = lowest[5](low)
m25o = open[4]
 
if m5 = typicalprice then
m10 = (m10h + m10l + close)/3
m15 = (m15h + m15l + close)/3
m20 = (m20h + m20l + close)/3
m25 = (m25h + m25l + close)/3
endif
 
if m5 = medianprice then
m10 = (m10h + m10l)/2
m15 = (m15h + m15l)/2
m20 = (m20h + m20l)/2
m25 = (m25h + m25l)/2
endif
 
if m5 = totalprice then
m10 = (m10h + m10l + m10o + close)/4
m15 = (m15h + m15l + m15o + close)/4
m20 = (m20h + m20l + m20o + close)/4
m25 = (m25h + m25l + m25o + close)/4
endif
 
if m5 = weightedclose then
m10 = (m10h + m10l + (2 * close))/4
m15 = (m15h + m15l + (2 * close))/4
m20 = (m20h + m20l + (2 * close))/4
m25 = (m25h + m25l + (2 * close))/4
endif
 
if m5 = open then
m5 = open
m10 = m10o
m15 = m15o
m20 = m20o
m25 = m25o
endif
  
//Line 1, First time frame
//Red dot
if close < m5 then
L1=-1
down = down + 1
endif
 
//Green dot
if close > m5 then
L1=1
up = up + 1
endif
 
//Line 2, Second time frame
//Red dot
if close < m10 then
L2=-1
down = down + 1
endif
 
//Green dot
if close > m10 then
L2=1
up = up + 1
endif
 
//Line 3, Third time frame
//Red dot
if close < m15 then
L3=-1
down = down + 1
endif
 
//Green dot
if close > m15 then
L3=1
up = up + 1
endif
 
//Line 4, Fourth time frame
//Red dot
if close < m20 then
L4=-1
down = down + 1
endif
 
//Green dot
if close > m20 then
L4=1
up = up + 1
endif
 
//Line 5, Fifth time frame
//Red dot
if close < m25 then
L5=-1
down = down + 1
endif
 
//Green dot
if close > m25 then
L5=1
up = up + 1
endif

up = 0
down = 0

if close < m5 then
down = down + 1
endif

if close > m5 then
up = up + 1
endif

if close < m10 then
down = down + 1
endif

if close > m10 then
up = up + 1
endif

if close < m15 then
down = down + 1
endif

if close > m15 then
up = up + 1
endif

if close < m20 then
down = down + 1
endif

if close > m20 then
up = up + 1
endif

if close < m25 then
down = down + 1
endif

if close > m25 then
up = up + 1
endif

if down = 5 then
dcount = dcount + 1
ucount = 0
endif

if up = 5 then
dcount = 0
ucount = ucount + 1
endif

BearCount=dcount > 7

fivebar-1.png

09/19/2019 at 8:53 AM #107922 quote

Vonasi

Moderator

Master

That wasn’t a suggested modification – that was the bit of your original code that I cut and pasted in where values are not set to zero at any time!

In the original code it was like this:

flag = 0
if down[1] = 5 and down <> 5 and up <> 5 then
 drawtext("▲",barindex,2,SansSerif,Bold,16)coloured(0,128,0)
 a = dcount[1]
 drawtext("#a#",barindex,3,SansSerif,Bold,16)coloured(0,128,0)
 dcount = 0
 flag = 1
endif
 
if up[1] = 5 and down <> 5 and up <> 5 then
 drawtext("▼",barindex,2,SansSerif,Bold,16)coloured(128,0,0)
 a = ucount[1]
 drawtext("#a#",barindex,3,SansSerif,Bold,16)coloured(128,0,0)
 ucount = 0
 flag = 1
endif
 
if flag = 0 and up <> 5 and down <> 5 then
 drawtext("○",barindex,2,SansSerif,Bold,16)coloured(0,0,255)
endif

If we remove the graphics and replace them with variables then we can get something like:

flag = 0
if down[1] = 5 and down <> 5 and up <> 5 then
 direction = 1
 a = dcount[1]
 dcount = 0
 flag = 1
endif
 
if up[1] = 5 and down <> 5 and up <> 5 then
 direction = -1
 a = ucount[1]
 ucount = 0
 flag = 1
endif
 
if flag = 0 and up <> 5 and down <> 5 then
direction = 0
a = 0
endif

So now we have a variable ‘direction’ that can be either -1, zero or 1 and the variable ‘a’ which is the quantity of the same direction in a row or zero if all directions are not the same.

soulintact thanked this post

09/19/2019 at 2:19 PM #107952 quote

soulintact

Participant

Senior

Thank you Vonasi for your patience!

What expression would I use to be able to “catch” the red 8, or rather 8 lines of green dots and one red dot of the following line?

I tried a few, and the following is not correct, but with the best performance: BearCount=(direction=1) and (a < 1)

What am I missing? Thanks!

//Indicator type: Candle trend in 5 different time frames
//Edited code originates from: Five Bar Trend
//Author: Vonasi
//Date: 20190822
//Source: https://www.prorealcode.com/prorealtime-indicators/five-bar-trend-dashboard/
 
//m5=typicalprice
m5=medianprice
//m5=totalprice
//m5=weightedclose
//m5=open
 
m10h = highest[2](high)
m10l = lowest[2](low)
m10o = open[1]
 
m15h = highest[3](high)
m15l = lowest[3](low)
m15o = open[2]
 
m20h = highest[4](high)
m20l = lowest[4](low)
m20o = open[3]
 
m25h = highest[5](high)
m25l = lowest[5](low)
m25o = open[4]
 
if m5 = typicalprice then
m10 = (m10h + m10l + close)/3
m15 = (m15h + m15l + close)/3
m20 = (m20h + m20l + close)/3
m25 = (m25h + m25l + close)/3
endif
 
if m5 = medianprice then
m10 = (m10h + m10l)/2
m15 = (m15h + m15l)/2
m20 = (m20h + m20l)/2
m25 = (m25h + m25l)/2
endif
 
if m5 = totalprice then
m10 = (m10h + m10l + m10o + close)/4
m15 = (m15h + m15l + m15o + close)/4
m20 = (m20h + m20l + m20o + close)/4
m25 = (m25h + m25l + m25o + close)/4
endif
 
if m5 = weightedclose then
m10 = (m10h + m10l + (2 * close))/4
m15 = (m15h + m15l + (2 * close))/4
m20 = (m20h + m20l + (2 * close))/4
m25 = (m25h + m25l + (2 * close))/4
endif
 
if m5 = open then
m5 = open
m10 = m10o
m15 = m15o
m20 = m20o
m25 = m25o
endif
  
//Line 1, First time frame
//Red dot
if close < m5 then
L1=-1
down = down + 1
endif
 
//Green dot
if close > m5 then
L1=1
up = up + 1
endif
 
//Line 2, Second time frame
//Red dot
if close < m10 then
L2=-1
down = down + 1
endif
 
//Green dot
if close > m10 then
L2=1
up = up + 1
endif
 
//Line 3, Third time frame
//Red dot
if close < m15 then
L3=-1
down = down + 1
endif
 
//Green dot
if close > m15 then
L3=1
up = up + 1
endif
 
//Line 4, Fourth time frame
//Red dot
if close < m20 then
L4=-1
down = down + 1
endif
 
//Green dot
if close > m20 then
L4=1
up = up + 1
endif
 
//Line 5, Fifth time frame
//Red dot
if close < m25 then
L5=-1
down = down + 1
endif
 
//Green dot
if close > m25 then
L5=1
up = up + 1
endif

up = 0
down = 0

if close < m5 then
down = down + 1
endif

if close > m5 then
up = up + 1
endif

if close < m10 then
down = down + 1
endif

if close > m10 then
up = up + 1
endif

if close < m15 then
down = down + 1
endif

if close > m15 then
up = up + 1
endif

if close < m20 then
down = down + 1
endif

if close > m20 then
up = up + 1
endif

if close < m25 then
down = down + 1
endif

if close > m25 then
up = up + 1
endif

flag = 0

if down[1] = 5 and down <> 5 and up <> 5 then
direction = 1
a = dcount[1]
dcount = 0
flag = 1
endif

if up[1] = 5 and down <> 5 and up <> 5 then
direction = -1
a = ucount[1]
ucount = 0
flag = 1
endif

if flag = 0 and up <> 5 and down <> 5 then
direction = 0
a = 0
endif

BearCount=(direction=1) and (a < 1)

fivebar-2.png

09/19/2019 at 2:45 PM #107957 quote

Vonasi

Moderator

Master

There is a critical bit of my original indicator code that does not seem to have found its way into your code. The calculation of dcount and ucount!

 
if down = 5 then
 dcount = dcount + 1
 ucount = 0
endif
 
if up = 5 then
 dcount = 0
 ucount = ucount + 1
endif

flag = 0
 
if down[1] = 5 and down <> 5 and up <> 5 then
direction = 1
a = dcount[1]
dcount = 0
flag = 1
endif
 
if up[1] = 5 and down <> 5 and up <> 5 then
direction = -1
a = ucount[1]
ucount = 0
flag = 1
endif
 
if flag = 0 and up <> 5 and down <> 5 then
direction = 0
a = 0
endif
 
BearCount=(direction=1) and (a > 7)

soulintact thanked this post

09/19/2019 at 4:19 PM #107978 quote

soulintact

Participant

Senior

Sorry about that! Although it does not work with the edited code as enclosed. Strange! Any more ideas? Thanks!

//Indicator type: Candle trend in 5 different time frames
//Edited code originates from: Five Bar Trend
//Author: Vonasi
//Date: 20190822
//Source: https://www.prorealcode.com/prorealtime-indicators/five-bar-trend-dashboard/
 
//m5=typicalprice
m5=medianprice
//m5=totalprice
//m5=weightedclose
//m5=open
 
m10h = highest[2](high)
m10l = lowest[2](low)
m10o = open[1]
 
m15h = highest[3](high)
m15l = lowest[3](low)
m15o = open[2]
 
m20h = highest[4](high)
m20l = lowest[4](low)
m20o = open[3]
 
m25h = highest[5](high)
m25l = lowest[5](low)
m25o = open[4]
 
if m5 = typicalprice then
m10 = (m10h + m10l + close)/3
m15 = (m15h + m15l + close)/3
m20 = (m20h + m20l + close)/3
m25 = (m25h + m25l + close)/3
endif
 
if m5 = medianprice then
m10 = (m10h + m10l)/2
m15 = (m15h + m15l)/2
m20 = (m20h + m20l)/2
m25 = (m25h + m25l)/2
endif
 
if m5 = totalprice then
m10 = (m10h + m10l + m10o + close)/4
m15 = (m15h + m15l + m15o + close)/4
m20 = (m20h + m20l + m20o + close)/4
m25 = (m25h + m25l + m25o + close)/4
endif
 
if m5 = weightedclose then
m10 = (m10h + m10l + (2 * close))/4
m15 = (m15h + m15l + (2 * close))/4
m20 = (m20h + m20l + (2 * close))/4
m25 = (m25h + m25l + (2 * close))/4
endif
 
if m5 = open then
m5 = open
m10 = m10o
m15 = m15o
m20 = m20o
m25 = m25o
endif
  
//Line 1, First time frame
//Red dot
if close < m5 then
L1=-1
down = down + 1
endif
 
//Green dot
if close > m5 then
L1=1
up = up + 1
endif
 
//Line 2, Second time frame
//Red dot
if close < m10 then
L2=-1
down = down + 1
endif
 
//Green dot
if close > m10 then
L2=1
up = up + 1
endif
 
//Line 3, Third time frame
//Red dot
if close < m15 then
L3=-1
down = down + 1
endif
 
//Green dot
if close > m15 then
L3=1
up = up + 1
endif
 
//Line 4, Fourth time frame
//Red dot
if close < m20 then
L4=-1
down = down + 1
endif
 
//Green dot
if close > m20 then
L4=1
up = up + 1
endif
 
//Line 5, Fifth time frame
//Red dot
if close < m25 then
L5=-1
down = down + 1
endif
 
//Green dot
if close > m25 then
L5=1
up = up + 1
endif

up = 0
down = 0

if close < m5 then
down = down + 1
endif

if close > m5 then
up = up + 1
endif

if close < m10 then
down = down + 1
endif

if close > m10 then
up = up + 1
endif

if close < m15 then
down = down + 1
endif

if close > m15 then
up = up + 1
endif

if close < m20 then
down = down + 1
endif

if close > m20 then
up = up + 1
endif

if close < m25 then
down = down + 1
endif

if close > m25 then
up = up + 1
endif

if down = 5 then
dcount = dcount + 1
ucount = 0
endif

if up = 5 then
dcount = 0
ucount = ucount + 1
endif

flag = 0

if down[1] = 5 and down <> 5 and up <> 5 then
direction = 1
a = dcount[1]
dcount = 0
flag = 1
endif

if up[1] = 5 and down <> 5 and up <> 5 then
direction = -1
a = ucount[1]
ucount = 0
flag = 1
endif

if flag = 0 and up <> 5 and down <> 5 then
direction = 0
a = 0
endif

BearCount=(direction=1) and (a > 7)

fivebar-3.png

09/19/2019 at 6:12 PM #107996 quote

Vonasi

Moderator

Master

It works fine for me.

I took your code and just added ‘buy at -close limit’ to turn it into a dummy strategy. I rem’d out all references to L1, L2 etc to make it work and then graphed BEARCOUNT – having changed it to ‘BearCount=(direction=1) and (a > 3)’ and every time there is a run of more than 3 red candles it returns a positive value for BEARCOUNT.

soulintact thanked this post

09/19/2019 at 7:51 PM #107998 quote

soulintact

Participant

Senior

Dear Vonasi,

Sorry for being so slow in mind and persistent, but I still do not follow fully. Do the statement below really correspond to the definition in words?

BearCount=(direction=1) and (a > 7) := (direction is now negative with a least one red dot) and (previously more than 7 of the same direction in a row of green dots)

Cheers!

fivebar-4.png

09/19/2019 at 8:20 PM #108000 quote

Vonasi

Moderator

Master

BearCount=(direction=1) and (a > 7) would be that we have just had a run of 8 (sets of 5) red dots and this set is not a set of 5 red dots nor a set of five green dots.

soulintact thanked this post

09/19/2019 at 8:29 PM #108001 quote

soulintact

Participant

Senior

Aha, thanks!

And how would we formulate the expression to “catch” the red 8 as enclosed.