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Plot previous trough or otherwise make it zero based on a condition.
Rank: Member
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Joined: 8/19/2011(UTC)
Posts: 16
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Hi,
I have a custom indicator, planning to use for entry. This has values of peaks and troughs of the price chart.
When a condition is fulfilled at the latest peak, i want the previous trough value to be plotted/ visible, while all other trough values is to be zero/invisible.
Appreciating your valuable advice,
Regards,
Pakki
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Rank: Advanced Member
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Joined: 7/25/2005(UTC)
Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi Pakki
Here's a formula that plots the last valid Trough value. This code provides a starting point - it is not a total solution. You will need to include your own signal conditions into the trigger variable and adjust the PeakBar(), Trough() and TroughBar() parameters to suit.
{Last Trough Value}
A:=TroughBars(1,C,5);
B:=Cum(A=0);
F:=PeakBars(1,C,5);
G:=Cum(F=0);
Trigger:=B=LastValue(B) AND G>=LastValue(G)-1;
ValueWhen(1,Trigger,Trough(1,C,5));
Roy
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Rank: Member
Groups: Registered, Registered Users
Joined: 8/19/2011(UTC)
Posts: 16
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Thanks Roy,
Your solution did help me to move forward, going forward, actually i want the last trough bar(not value) to be plotted/highlighted in its(last trough's) position not at the latest peak position. All other inputs being same.
Pakki
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Plot previous trough or otherwise make it zero based on a condition.
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