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Calculate the correction from recent top and bottom
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Joined: 8/16/2005(UTC)
Posts: 182
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I try to code a simple indicator to to show the correction from recent top and bottom. Well, the key problem is that: how to define the top and bottom....
SSig:=Input("Correction from [1]Top [2]Bottom",1,2,1);
x:=Input("Data: 1-H 2-L 3-C",1,3,3);
x:=If(x=1,H,If(x=2,L,C));
Pd:=Input("# of periods",1,9999,100);
HHi:=HHV(H,Pd);
LLo:=LLV(L,Pd);
Rt:=(HHi-X)*100/(HHi-LLo);
Rb:=(X-LLo)*100/(HHi-LLo);
Pc:=If(SSig=1,Rt,Rb);
Pc
It appears to be showing what I want, but it is not user friendly....
Any better idea to code it?
Could I set the indicator to just show the most recent number of bars (as set by "Pd")?
sa
p/s I have tried to attach two captured images, but failed.... how to do that??
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 8/16/2005(UTC)
Posts: 182
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would anyone comment..?
also, how do I set the indicator to just display a number of bars set by "Pd"?
sa
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Code:
SSig:=Input("Correction from [1]Top [2]Bottom",1,2,1);
x:=Input("Data: 1-H 2-L 3-C",1,3,3);
x:=If(x=1,H,If(x=2,L,C));
Pd:=Input("# of periods",1,9999,100);
HHi:=HHV(H,Pd);
LLo:=LLV(L,Pd);
Rt:=(HHi-X)*100/(HHi-LLo);
Rb:=(X-LLo)*100/(HHi-LLo);
Pc:=If(SSig=1,Rt,Rb);
x:=BarsSince(Cum(1)=LastValue(Cum(1)-pd))>=0;
x*pc;
Hope this helps. wabbit [:D]
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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SA, You might also want to look at the indicators to see what information they are giving you about the trend direction and strength. Have a look at this combination of the indicators for example: Code:
Pd:=Input("# of periods",1,9999,100);
HHi:=HHV(H,Pd);
LLo:=LLV(L,Pd);
Rng:=HHi-LLo;
Rt:=(HHi-H)/Rng;
Rb:=(L-LLo)/Rng;
100*(Rb-Rt);
A move above zero indicates an uptrend? A move below zero is downtrend? The distance from the zero gives an indication of the strength? Is this how you would interpret the information? wabbit [:D]
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