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.

ephi144

Volatility Stops Indicator Modification

Recommended Posts

Hi all,

 

i found the following indicator and so far it looks great. it draws bands over the stock to show dynamic volatility stops. i want to modify it so that it draws small horizontal lines depending on my current position:

 

Could someone please provide hints or help?

thanks

 

 

{Type : Indicator, Name : Variable Volatility Stops}

 

INPUT: LENGTH (21), CONST(3.05);

 

vaR: SWITCH(1), TR(0), ARC(0), SAR(0),HISIC(0),LOSIC(0);

 

TR= VOLATILITY (LENGTH);

ARC= TR* CONST;

IF CURRENTbar = length then begin

hisic=c;

losic=c;

if h>= xaverage (h,length-1) [1] then begin

hisic= highest(c,length);

Sar=hisic-arc;

switch= 1;

end;

if l <= xaverage (l,length-1) [1] then begin

losic= lowest (c,length);

sar = losic +arc;

switch=0;

end;

end;

 

if switch =1 then begin

if c>hisic then hisic=c;

sar=hisic - arc;

if c< sar then begin

switch=0;

losic=c;

sar = losic + arc;

end;

 

end;

if switch=0 then begin

if c< losic then losic=c;

sar= losic +arc;

if c> sar then begin

switch=1;

hisic=c;

saR=HISIC- ARC;

END;

END;

 

IF C > SAR { AND C[1] < SAR } THEN

 

Plot1(SAR,"Sell");

 

IF C < SAR { AND C[1] > SAR} THEN

 

Plot2(sar,"Buy");

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.


×
×
  • Create New...

Important Information

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