Wedges based in Cycle Highs and Lows
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Another try with the image.
In the image here you see what shows up in the chart right now. But I would like to have the extended lines from the last two Highs connected and the last tw low connected as in the image above I posted 3:13 PM.
Yes, it is Spot Eur Usd, 200 ticks.
Aren’t you able to see the horizontal green and red lines? These are the Highs (green) and the Lows (red) based on the stochastic cycles. Now I want 2 extended lines. The first one connects the last 2 Highs and the other one connects the last 2 Lows.
I have added a new dropp out this evening. You see the time bar 19:25:07To draw those lines (supported by v11 only), you need to use two slightly different copies, with different names, of the same indicator.
This is the same indicator as yours (ITF file attached, as well as a screenshot), but I commented out drawing red and green segments, then I added instructions to keep track of the last two green and red segment to draw those elongated lines at the end:
DEFPARAM DrawOnLastBarOnly = true ONCE MyHigh1 = 0 ONCE MyHigh2 = 0 ONCE MyLow1 = 0 ONCE MyLow2 = 0 ONCE BarHigh1 = 0 ONCE BarHigh2 = 0 ONCE BarLow1 = 0 ONCE BarLow2 = 0 // This indicator marks highs and lows based on the Stochastic cycle K = stochastic[5,2] D = average[3](K) //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] => 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low Dlowest2 = Dlowest Dlowest = D endif //End of cycle low If D > 50 and D[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) Dlowest = min(Dlowest, D) endif //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif //LONG if incyclelow = 0 then if lowestpricebar <> BarLow1 then MyLow2 = MyLow1 BarLow2 = BarLow1 MyLow1 = lowestPrice BarLow1 = lowestpriceBar ENDIF //DRAWSEGMENT(lowestpriceBar,lowestprice,lowestpriceBar,lowestprice-50) COLOURED(0,50,0) STYLE(dottedline, 1) //DRAWSEGMENT(lowestpriceBar,lowestprice,lowestpriceBar-4,lowestprice) COLOURED(300,0,0) STYLE(line, 3) endif //____________________________________________________________________________________________________________________ //start of cycle high looking for the higestest price and higest MACD as long as Stochastic %D>50 If D => 50 and D[1] =< 50 then incyclehigh = 1 highestprice2 = highestprice HighestPrice = high endif //End of cycle high If D < 50 and D[1] > 50 then incyclehigh = 0 endif //highest stoch and price in cycle high if incyclehigh then highestPrice = max(highestPrice, high) endif //what is the lowest price bar of this cycle? if highestprice<>highestprice[1] then highestpriceBar=barindex endif //SHORT if incyclehigh = 0 then if highestpricebar <> BarHigh1 then MyHigh2 = MyHigh1 BarHigh2 = BarHigh1 MyHigh1 = highestPrice BarHigh1 = highestpriceBar ENDIF //DRAWSEGMENT(highestpriceBar,highestprice,highestpriceBar,highestprice+50) COLOURED(50,0,0) STYLE(dottedline, 1) //DRAWSEGMENT(highestpriceBar,highestprice,highestpriceBar-4,highestprice) COLOURED(0,300,0) STYLE(line, 3) endif DrawRay(BarHigh2,MyHigh2,BarHigh1,MyHigh1) coloured(0,0,255,255) DrawRay(BarLow2 ,MyLow2, BarLow1, MyLow1) coloured(0,0,255,255) returnas to missing Red/Green segments, please let me know instrument, TF, date and time there should have been one.
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This topic contains 13 replies,
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5 years, 4 months ago.
Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 10/13/2020 |
| Status: | Active |
| Attachments: | 7 files |
