Ultimate Oscillator price divergence

• 04/25/2020 at 6:46 PM #128055
  keewee

  Hi Jedicoders and fellow Padawans,

  In my path of mastering “coding” I’ve reached the next level where I try to include the Ultimate Oscillator and have a price divergence from the oscillator. I have read through other related and well documented topics here on PRC and even  tried the Vonasi-style with a couple of glasses wine, but I just cant figure it out. I actually have two simple(?) requests that i hope someone could help me with:

  1. How to include the Ultimate Oscillator to my code and have a price divergence both for Buy and Sell
  2. How to also include an entry signal to Long that buys 1 pip over previous high and to Sell that sellshort 1 pip under previous  low

  Ultimate Oscillator found here: https://www.prorealcode.com/prorealtime-indicators/ultimate-oscillator/
  Strategy based on Smash Day pattern, found here: https://www.prorealcode.com/prorealtime-indicators/larry-williams-smash-days/

  This is my strategy so far:

  SmashBar Larry Style

  //------------------------------------------------------------------------- // Code Name: SmashBar Larry Style //------------------------------------------------------------------------- //------------------------------------------------------------------------------------// // Strategy: Smash Day Pattern - Type C // Developer: Larry Williams // Concept: Trading strategy based on a failed price pattern. // Time Frame: Any ? // Inspiration: https://oxfordstrat.com/trading-strategies/smash-day-pattern-c/ //------------------------------------------------------------------------------------// // Definition of code parameters DEFPARAM CumulateOrders = false // Cumulating positions deactivated DEFPARAM PreloadBars = 10000 // Position Size positionsize=1 tradetype=3 // long = 1 ; short = 2 ; long&short = 3 //====== SmashBar STRATEGY ============================================== // Long pattern c10=low<lowest[2](low[1]) c11=close<low[1] long = c10 and c11 // Short pattern c12=high>highest[2](high[1]) c13=close>high[1] short = c12 and c13 // Conditions to enter Long positions if tradetype=1 or tradetype=3 then IF NOT ONMARKET AND long THEN BUY positionsize CONTRACT AT MARKET ENDIF endif // Conditions to enter Short positions if tradetype=2 or tradetype=3 then IF NOT ONMARKET AND short THEN SELLSHORT positionsize CONTRACT AT MARKET ENDIF endif //==== TRAILING STOP % trailingPercent = .24 //org .26 stepPercent = .012 //org .014 if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailinstart points profit trailingstep = tradeprice(1)*(stepPercent/100) //% step to move the stop endif //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

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  //------------------------------------------------------------------------- // Code Name:   SmashBar Larry Style //------------------------------------------------------------------------- //------------------------------------------------------------------------------------// // Strategy:    Smash Day Pattern - Type C // Developer:   Larry Williams // Concept:     Trading strategy based on a failed price pattern. // Time Frame:  Any ? // Inspiration: https://oxfordstrat.com/trading-strategies/smash-day-pattern-c/ //------------------------------------------------------------------------------------//   // Definition of code parameters DEFPARAM CumulateOrders = false // Cumulating positions deactivated DEFPARAM PreloadBars = 10000   // Position Size positionsize=1   tradetype=3 // long = 1 ; short = 2 ; long&short = 3   //====== SmashBar STRATEGY ==============================================   // Long pattern c10=low<lowest[2](low[1]) c11=close<low[1] long = c10 and c11   // Short pattern c12=high>highest[2](high[1]) c13=close>high[1] short = c12 and c13   // Conditions to enter Long positions if tradetype=1 or tradetype=3 then IF NOT ONMARKET AND long THEN BUY positionsize CONTRACT AT MARKET ENDIF endif   // Conditions to enter Short positions if tradetype=2 or tradetype=3 then IF NOT ONMARKET AND short THEN SELLSHORT positionsize CONTRACT AT MARKET ENDIF endif     //==== TRAILING STOP % trailingPercent = .24 //org .26 stepPercent = .012  //org .014 if onmarket then trailingstart = tradeprice(1)*(trailingpercent/100) //trailing will start @trailinstart points profit trailingstep = tradeprice(1)*(stepPercent/100) //% step to move the stop endif //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart THEN newSL = tradeprice(1)+trailingstep ENDIF //next moves IF newSL>0 AND close-newSL>trailingstep THEN newSL = newSL+trailingstep ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart THEN newSL = tradeprice(1)-trailingstep ENDIF //next moves IF newSL>0 AND newSL-close>trailingstep THEN newSL = newSL-trailingstep ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF

  And this is the Ultimate Oscillator:

  Ultimate Oscillator

  //Ultimate Oscillator by Larry Williams BuyPressure = close - min(low, close[1]) TrueRange = TR per = 7 avper = summation[per](BuyPressure) / summation[per](TrueRange) avper2 = summation[per * 2](BuyPressure) / summation[per * 2](TrueRange) avper4 = summation[per * 4](BuyPressure) / summation[per * 4](TrueRange) UltimateOscillator = 100 * ((4 * avper) + (2 * avper2) + avper4) / 7 lowerline = 30 upperline = 70 return UltimateOscillator coloured(0,0,0), lowerline coloured(0,0,255) as "lower line", upperline coloured(0,0,255) as "upper line"

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  //Ultimate Oscillator by Larry Williams BuyPressure = close - min(low, close[1]) TrueRange = TR per = 7 avper = summation[per](BuyPressure) / summation[per](TrueRange) avper2 = summation[per * 2](BuyPressure) / summation[per * 2](TrueRange) avper4 = summation[per * 4](BuyPressure) / summation[per * 4](TrueRange) UltimateOscillator = 100 * ((4 * avper) + (2 * avper2) + avper4) / 7 lowerline = 30 upperline = 70 return UltimateOscillator coloured(0,0,0), lowerline coloured(0,0,255) as "lower line", upperline coloured(0,0,255) as "upper line"

  …*pour another glass of wine*.

  

  keewee

  Participant

  Topics: 3

  Replies: 22

  Been thanked: 5 times
  08/13/2020 at 1:46 PM #141518
  bertrandpinoy

  hello keewee hope you are well. I like your reasoning, but I can’t help you yet … too bad. Have you made progress on your own?

  

  bertrandpinoy

  Participant

  Topics: 20

  Replies: 116

  Been thanked: 8 times
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