
02-14-2007, 05:40 PM
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Robert2617
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Join Date: Jan 2007
Location: Athens, GA
Posts: 112
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Re: Add-On for Tick Delta and TTM Trend
I know you guys are worlds ahead of me on trading and I have a question about TTM Trend. Since I am just beginning in all this I have been looking around a lot and found a PaintBar indicator or two. I've studied them and to me, it looks like the one I have posted below is a little quicker and more accurate than the TTM Trend PB indicator. Would you guys take a look and see if you get the same results? Thanks.
Here is the code, compiled indicator below.
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{ ModHA PaintBarStudy 1/20/04
modified Heikin-Ashi technique
compares current bar open to close range
with prior bars...if current is within
prior then color remains the same
}
inputs: UpColor(green),DnColor(red),CompBars(6);
vars: haClose(0),haOpen(0),haHigh(0),haLow(0),
color(0);
if BarNumber = 1 then
begin
haOpen = open;
haClose = (O+H+L+C)/4;
haHigh = MaxList( high, haOpen, haClose);
haLow = MinList( low, haOpen,haClose);
end;
if BarNumber > 1 then
begin
haClose = (O+H+L+C)/4;
haOpen = (haOpen [1] + haClose [1])/2 ;
haHigh = MaxList(High, haOpen, haClose) ;
haLow = MinList(Low, haOpen, haClose) ;
if haClose > haOpen then
color = UpColor
else
color = DnColor;
for value1 = 1 to CompBars
begin
if haOpen <= MaxList(haOpen[value1],haClose[value1]) and
haOpen >= MinList(haOpen[value1],haClose[value1]) and
haClose <= MaxList(haOpen[value1],haClose[value1]) and
haClose >= MinList(haOpen[value1],haClose[value1]) then
color = color[value1];
end;
plotPB(haOpen,haClose,"heikin-ashi",color);
SetPlotWidth(1,4);
SetPlotColor(1,color);
end; |
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