Use Lower/Higher Low/ High as Trend signal

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  • #148792 quote
    Luciole
    Participant
    Senior

    Sure, here we go

    defparam calculateonlastbars=3000
    cp = 10
    
    once lastpoint = 0
    
    if high[cp] >= highest[2*cp+1](high) then
    PEAK = 1
    else
    PEAK = 0
    endif
    
    if low[cp] <= lowest[2*cp+1](low)  then
    TROUGH = 1
    else
    TROUGH = 0
    endif
    
    if PEAK then
    prevtop = topy
    TOPy = high[cp]
    TOPx = barindex[cp]
    endif
    
    if TROUGH then
    prevbot = boty
    BOTy = low[cp]
    BOTx = barindex[cp]
    endif
    
    if PEAK and (lastpoint=-1 or lastpoint=0) then
    DRAWSEGMENT(lastX,lastY,TOPx,TOPy) COLOURED(200,0,0,255)
    DRAWTEXT("■",TOPx,TOPy,Dialog,Bold,10) coloured(200,0,0,255)
    lastpoint = 1
    lastX = TOPx
    lastY = TOPy
    endif
    
    if TROUGH and (lastpoint=1 or lastpoint=0) then
    DRAWSEGMENT(lastX,lastY,BOTx,BOTy) COLOURED(0,200,0,255)
    DRAWTEXT("■",BOTx,BOTy,Dialog,Bold,10) coloured(0,200,0,255)
    lastpoint = -1
    lastX = BOTx
    lastY = BOTy
    endif
    
    
    // 1 bullish trend is starting
    if boty>prevbot and close>topy and lasty<>lasty[1] and not trendup then
    trendup = 1
    endif
    // 1.1 bullish trend is ending
    //if trough and boty<prevbot and lasty<>lasty[1] and trendup then   //Nicolas
    if Close < boty then
    trendup=0
    endif
    
    // 2 bearish trend is starting
    if topy<prevtop and close<boty and lasty<>lasty[1] and not trenddown then
    trenddown = 1
    endif
    // 2.1 bearish trend is ending
    if Close > topy then
    trenddown=0
    endif
    
    
    //trend background color
    if trendup then
    backgroundcolor(0,200,0,30)
    endif
    if trenddown then
    backgroundcolor(250,0,0,30)
    endif
    
    RETURN //TOPy as "TOPy", BOTY as "BOTy", trendup as "trendup"
    
    PLermite thanked this post
    #162226 quote
    clemencejesse
    Participant
    New

    Great stuff here! Thanks for the code. I have been looking for something to identify L, H, HL, HH trends. The code works perfectly for me.

    #174972 quote
    murre87
    Participant
    Senior

    Anyone got backtestpicture

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Use Lower/Higher Low/ High as Trend signal


ProBuilder: Indicators & Custom Tools

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This topic contains 17 replies,
has 4 voices, and was last updated by murre87
4 years, 6 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/16/2020
Status: Active
Attachments: 8 files
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