Converting Five Bar Trend indicator to Pro Order

soulintact · Sun, 25 Aug 2019 05:11:09 +0000

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

This topic has 16 replies, 3 voices, and was last updated 6 years ago by soulintact.

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09/19/2019 at 10:07 PM #108013

Vonasi

Not exactly sure what you mean by ‘catch’?

We do not know that a run of red bars has come to an end until we have a set of dots that is not a run of red dots and not a run of green dots but a bunch of ‘indecision’ mixed dots.

If you just want to know at the close of a bar that it has been a run of 8 red dots then this should simply do that:

if down = 5 and dcount = 8 then

1

if down = 5 and dcount = 8 then

The next set could be a 9th set of red dots and the original code was about spotting the end of runs and not just about counting them!

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soulintact

Vonasi
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09/20/2019 at 4:54 AM #108029

soulintact

Thank you Vonasi. Catch ≈ trigger

Of course

I will try that in combination with other expressions

Thanks for your patience!

soulintact
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Converting Five Bar Trend indicator to Pro Order

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