TradingRange recognize and breakout
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Please find below a draft of that code with settings to change according to the instrument/timeframe:
percent = 0.3 //percent to find the zones period = 10 //period of hh-ll boxes minBar = 3 //minimal bar for the boxes hh=highest[period](high) ll=lowest[period](low) irange = (hh-ll)/ll*100 if irange crosses under percent then startbar=barindex starthh=hh startll=ll endif if irange<=percent and barindex-startbar>=minBar and startbar>0 then drawrectangle(startbar,startll,barindex,starthh) coloured(168,168,168) bordercolor(168,168,168,0) style(dottedline) endif if close crosses over starthh or close crosses under startll then startbar=0 endif return //irangePensera thanked this postI think that this code is in line with your query, let me know. Regarding the Bressert Scalper, I will answer you asap.percent = 0.3 //max percent deviation period = 20 //period of lookback minBar = 3 //minimal bar for the boxes count=0 hh=0 ll=close*10 for i = period-1 downto 0 do dev=abs(close[i+1]-close[i])/close[i+1] if dev<=percent/100 then //drawarrow(barindex[i],close[i]) count=count+1 hh=max(hh,high[i]) ll=min(ll,low[i]) if count=1 then startbar=barindex[i] else endbar=barindex[i] endif else break endif next if count>=minbar then drawrectangle(startbar,ll,endbar,hh) endif return //(close-close[1])/close,percent/100,count,high<hh and low>ll,devHi Nicolas, Thanks for your response. Some more comments and some attachments: The deviation percentage is not calculated correctly in my opinion. In the first attachment, the Close of the first candle is 13,036. A 3% deviation upwards is 13,076. The 4th bar closes at 13,096 and yet the range is not ended. The vertical stripes in the rectangles may be removed. They have no function and mask the candle tails. I thought that I had added some attachments to my first post of the optimal solution for me. I don’t see them, here another try.Green and red rectangles to show the direction. That’s what I meant as Extra in a previous post
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 08/26/2020 |
| Status: | Active |
| Attachments: | 5 files |
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