Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

wsam29

TTM/DDF Value Chart

Recommended Posts

In order to convert an indicator to a showme in TS you would usually copy and paste the original (eg. the VC above) code into a new showme code. Then replace the plot statements as followed

1. comment out the OHLC plots 1-4; you don't need them.

2. Replace plot5 and plot6 with the appropriate values.

 

Basically what you are doing is adjusting the plotting to the same scale as the underlying instrument.

 

{
If BarNumber > Numbars then Begin
Plot1(VOpen,"VOpen");
Plot2(VHigh,"VHigh");
Plot3(VLow,"VLow");
Plot4(VClose,"VClose");
End;
}

If VHigh > Highest(VHigh,TwentyNumBars)[1] Then Begin
Plot5( H + MinMove / PriceScale , {VHigh} "21BarVHigh");
Alert;
end	
else
NoPlot (5);

IF VLow < Lowest(VLow,TwentyNumBars)[1] Then Begin
Plot6( L - MinMove / PriceScale,  {VLow} "21BarVLow");
Alert;
end
else
NoPlot (6);

Share this post


Link to post
Share on other sites

its look great on the pic its what i am looking for but i have hard time to convert the code to Show-me its give me error message

 

Can you add ELD to down load or post the code for show-me

 

thanks

Edited by sean
or add the code

Share this post


Link to post
Share on other sites

Here is the code thanks for all the help

 

 

[LegacyColorValue = true];

 

{*******************************************************************

Description : This Indicator plots Value Chart prices.

Provided By : Mark W. Helweg © Copyright 2001

********************************************************************}

 

Inputs:NumBars(5);

Variables:Vopen(0),VHigh(0),VLow(0),VClose(0),Var1(0),Var2(0);

Var: VcloseLam(0),ValueSOB(" "),ValueMOB(" "),ValueMOS(" "), ValueSOS(" "), ValueFair(" "), lastdate(0);

 

 

{Calcualte Value Chart}

VOpen = VChart(NumBars,Open);

VHigh = VChart(NumBars,High);

VLow = VChart(NumBars,Low);

VClose = VChart(NumBars,Close);

 

{Plot Value Chart - Disregards the first 20 bars because Omega doesn't process them correctly}

If BarNumber > Numbars then Begin

 

End;

 

If VHigh > 8 Then Begin

Plot5( H + MinMove / PriceScale , {VHigh} "21BarVHigh");

Alert;

end

else

NoPlot (5);

 

if VLow <-8 Then Begin

Plot6( L - MinMove / PriceScale, {VLow} "21BarVLow");

Alert;

end

else

NoPlot (6);

 

 

if VHigh > 8 then Alert("ValueChart +8");

if VLow <-8 then Alert("ValueChart -8");

 

This set-up work 9 out of 10 time for reversal or end of the trend on 2 minuets chart with VC setting is (+7 and -7) with extreme volume

 

sean

Share this post


Link to post
Share on other sites

Hi Guys. I have the code for the value chart indicator in TS but can not get it to plot as candlesticks, only bars, line, points etc. Is there any reason for this, that I a humble non-programmer doesn't realise?

 

many thanks

Share this post


Link to post
Share on other sites
Guest forsearch

That's the way TS is setup for an indicator. No candlesticks, just bars, line, points, etc.

Share this post


Link to post
Share on other sites
Hi Guys. I have the code for the value chart indicator in TS but can not get it to plot as candlesticks, only bars, line, points etc. Is there any reason for this, that I a humble non-programmer doesn't realise?

many thanks

The original VC was implemented as OHLC (Open, high, low, close) by Helweg and Stendahl and there is nothing wrong with it, but...

 

VCFIG1.jpg

 

you could easily program EL to display synthetic candlesticks

attachment.php?attachmentid=7402&stc=1&d=1217279310

 

Attached please find VC candles. If you don't get what is shown, try re-formatting the 'style' and 'Weight' of VClose, VOpen, High and Low. You can further program the wick color and candle body properties to suit, beyond what is shown.

Share this post


Link to post
Share on other sites
Guest forsearch
The original VC was implemented as OHLC (Open, high, low, close) by Helweg and Stendahl and there is nothing wrong with it, but...

 

VCFIG1.jpg

 

you could easily program EL to display synthetic candlesticks

attachment.php?attachmentid=7402&stc=1&d=1217279310

 

Attached please find VC candles. If you don't get what is shown, try re-formatting the 'style' and 'Weight' of VClose, VOpen, High and Low. You can further program the wick color and candle body properties to suit, beyond what is shown.

 

Very nice, thrunner. Could you post the code in plaintext for non -TS users to study?

 

thxs

Share this post


Link to post
Share on other sites

Sure, Forsearch. It is a very simple modification of the original. Just be sure to modify the style and weight of VOpen, VClose, VHigh, VLow, if one is starting from scratch from EL code :

 

[LegacyColorValue = true]; 
// modified for Candlestick
{*******************************************************************
Description	:	This Indicator plots Value Chart prices. 
Provided By	: Mark W. Helweg (c) Copyright 2001
********************************************************************}

Inputs:NumBars(5), TwentyNumBars(20);
Variables:Vopen(0),VHigh(0),VLow(0),VClose(0),Var1(0),Var2(0);
Var: VcloseLam(0),ValueSOB(" "),ValueMOB(" "),ValueMOS(" "), ValueSOS(" "), ValueFair(" "), lastdate(0);


{Calcualte Value Chart}
VOpen = VChart(NumBars,Open);
VHigh = VChart(NumBars,High);
VLow = VChart(NumBars,Low);
VClose = VChart(NumBars,Close);

{Plot Value Chart - Disregards the first 20 bars because Omega doesn't process them correctly}
If BarNumber > Numbars then Begin
if VClose >= VOpen then 
    begin 
    Plot1( VClose,"VClose", Green) ;  
    Plot2( VOpen, "VOpen", Green) ;
	 Plot3( VHigh, "VHigh", Green) ; 
    Plot4( VLow, "VLow", Green) ; 
    end 
else 
    begin 
    Plot1( VClose, "VClose", Red) ;  
    Plot2( VOpen, "VOpen", Red) ; 
	 Plot3( VHigh, "VHigh", Red) ; 
    Plot4( VLow, "VLow", Red) ; 
    end ; 



End;


If VHigh > Highest(VHigh,TwentyNumBars)[1] Then Begin
Plot5(VHigh, "21BarVHigh");

End;

IF VLow < Lowest(VLow,TwentyNumBars)[1] Then Begin
Plot6(VLow, "21BarVLow");

End;

 

VChart function:

[LegacyColorValue = true]; 

{*******************************************************************
Description	:	This Function returns Value Chart prices. 
Provided By	: Mark W. Helweg (c) Copyright 2001
********************************************************************}
Inputs:NumBars(Numeric),Price(NumericSeries);

Variables:VarNumBars(0),Var0(0),LRange(0),YDiv(0),RanVar4(0),VOpen(0),VHigh(0),VLow(0),VClose(0),
VarA(0),VarB(0),VarC(0),VarD(0),VarE(0),VarP(0),VarR1(0),VarR2(0),VarR3(0),VarR4(0),VarR5(0);

{Insure NumBars is between 2 and 1000}
If NumBars < 2 then VarNumBars = 2;
If Numbars > 1000 then VarNumBars = 1000;
If Numbars >= 2 and NumBars <=1000 then VarNumBars = NumBars;

VarP=Round(VarNumBars/5,0);

If VarNumBars >7 then begin
VarA=Highest(H,VarP)-Lowest(L,VarP);
If VarA = 0 and VarP=1 then VarR1=absvalue(C-C[VarP]) Else VarR1 = VarA;
VarB=Highest(H,VarP)[VarP+1]-Lowest(L,VarP)[VarP];
If VarB = 0 and VarP=1 then VarR2=absvalue(C[VarP]-C[VarP*2]) Else VarR2 = VarB;
VarC=Highest(H,VarP)[VarP*2]-Lowest(L,VarP)[VarP*2];
If VarC = 0 and VarP=1 then VarR3=absvalue(C[VarP*2]-C[VarP*3]) Else VarR3 = VarC;
VarD=Highest(H,VarP)[VarP*3]-Lowest(L,VarP)[VarP*3];
If VarD = 0 and VarP=1 then VarR4=absvalue(C[VarP*3]-C[VarP*4]) Else VarR4 = VarD;
VarE=Highest(H,VarP)[VarP*4]-Lowest(L,VarP)[VarP*4];
If VarE = 0 and VarP=1 then VarR5=absvalue(C[VarP*4]-C[VarP*5]) Else VarR5 = VarE;
LRange=((VarR1+VarR2+VarR3+VarR4+VarR5)/5)*.2;
End;


If VarNumBars <=7 then Begin
If AbsValue(C-C[1]) > (H-L) then Var0=AbsValue(C-C[1]) else var0=(H-L);	
If H=L then Var0=absvalue(C-C[1]);
LRange=Average(Var0,5)*.2;
End;

If LRange > 0 then begin
If Price = Open then
VChart=((Open-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = High then
VChart=((High-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = Low then 
VChart=((Low-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = Close then
VChart=((Close-Average((H+L)/2,VarNumBars)))/(LRange);
End;

Edited by thrunner

Share this post


Link to post
Share on other sites

Top work fellas. Number of responses from TS forum, zero, Traderslab, plenty.. Hurrah!! Had a fiddle with the code to the best of my ability, taking it on from Blu-Ray's enhancement to give a green bar on a close above +4 and a red one on a close below -4. Slight glitch in the code in that I can't get all parts of the bar to change colour, I have to leave the close element in the neutral colour otherwise I can't get it to work. Minor glitch that maybe someone can resolve.. Thanks again for the code for the candles, but after trying to work with them I have found this colour coded version of the bars easier to read..

VALUE CHART V3.ELD

Share this post


Link to post
Share on other sites

Hi, this is my first post here. So hello to everyone! Great forum!

 

I'm trying to convert the ValueCharts into MetaTrader 4 and need please some help. I have managed to create the charts but sometimes i get strange results and i know i miss very small piece. :confused:

 

Can someone give some light what value exactly will return the VChart function if LRange is = 0. I know it will skip those lines form the code because of the if statement:

 

If LRange > 0 then begin If Price = Open then VChart=((Open-Average((H+L)/2,VarNumBars)))/(LRange); If Price = High then VChart=((High-Average((H+L)/2,VarNumBars)))/(LRange); If Price = Low then VChart=((Low-Average((H+L)/2,VarNumBars)))/(LRange); If Price = Close then VChart=((Close-Average((H+L)/2,VarNumBars)))/(LRange); End;

 

BUT what will be the input then for the Plot function in this case for the close price and same for H,L,O?? Do we exit with 0?If Plot sees 0 what it does then?

 

Plot1( VClose, "VClose", Red) ;

 

Sorry to asking but i do not know EL and use my C++ and MQL skills to convert the code:crap: So in C++ one have to define what value a function will return. Here because of the IF in the VChart function the case when LRange=0 is undefined.

 

My second qustion is:

What may be the reason that i'm getting values for VChart greater then 15??Some bars (see screenshot) are 100 or more of value. Why can this occur?

 

Thanks in advice!

VC.thumb.jpg.9020ff5bb0a2a294c0a22349b933a05e.jpg

Share this post


Link to post
Share on other sites

 

Are there any special settings to get these to work (the ones available for free fromt he tradethemarket.com site)?

 

I have installed the ELD and also the workspaces per instructions.

 

The TTM DDF Value Chart never appears (although you can see it is inserted into the chart window), and the TTM DDF Automatic does draw the line over the first hour (when the hour is complete), but no red or blue line is extended out from that to show the daily direction.

 

Any help is appreciated.

Share this post


Link to post
Share on other sites

Hi all

 

Thanks very much for everyone in writing this great indicator. I esp like pwald9 version, because the color changes if it reaches +8 or -4.

 

The only thing with that one is ... the color changes are hardcoded i.e. if I change the Top and TopMid the colours dont change (it has been hardcoded for for 4)? Dont know if that makes sense?

 

Can someone please help out in changing the code so that the Top and MidTop change color depending on what I enter?

 

Hope this is OK?

Share this post


Link to post
Share on other sites

Hey, just found this thread from a link over at SierraChart forums. Has anyone been using this indicator successfully? Do you think it's a useful addition or is it one of those "omg this is the holy grail... j/k it's mostly just hype" like the Squeeze?

Share this post


Link to post
Share on other sites
Hey, just found this thread from a link over at SierraChart forums. Has anyone been using this indicator successfully? Do you think it's a useful addition or is it one of those "omg this is the holy grail... j/k it's mostly just hype" like the Squeeze?

 

For any indicator there will be people swearing by it and people saying it is junk. Asking if this is a useful addition, is like asking if a jetski is useful without knowing if you are living in the middle of the desert, or next to a lake. With other words, how useful it is is entirely dependent on the way you are trading and no one can answer that for you. You will just have to look for yourself if this is useful for you.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.