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.

Tams

Free EasyLanguage Indicators

Recommended Posts

I will be sharing my EasyLanguage Indicators here.

 

Some of the codes are of my own creation.

Others are public license open source stuff that I have modified.

Share this post


Link to post
Share on other sites

ZigZag JJs

 

A must have for all Price Action traders!

 

There are quite a few versions of ZigZag on the web.

I like this version because it is very sensitive.

 

The author is unknown. If you know of him, please post his credit here.

 

The original version only works in minute, and slower fractals.

I have modified the code to work with second charts, tick charts and volume bar charts.

.

ZigZag.gif.63b0a9e5b972f2c2fe384b838458f296.gif

ZigZag_JJs.txt

Edited by Tams

Share this post


Link to post
Share on other sites

Price Action HH / LL with horizontal lines

 

Another indicator for Price Action traders.

 

This popular indicator labels HH / LL on the chart.

 

I have added the option to show horizontal lines at HH / LL points,

so that you can visualize the Support / Resistance areas.

.

HH_LL_w_Lines.gif.ae3fe01a5c9356290c6faab09565b889.gif

HH_LL_Line.txt

Share this post


Link to post
Share on other sites

Thanks for sharing. I particularly love the HH/LL indicator. So many new traders can't grasp this concept and to have it literally spelled out for them is a very powerful learning tool.

 

Kudos to you!

Share this post


Link to post
Share on other sites
fyi - on compile with the HH/LL darkyellow isn't recognized by TS so you'll need to change it to like red or green to get it verified.

Thanks for the heads up.

My mistake; I use MultiCharts, I did not know DarkYellow is only supported in MultiCharts.

 

For the benefit of all users, attached is a list of EasyLanguage supported colors.

.

EasyLanguage_colors.thumb.gif.98db3cc43df6c7a21181f414f6d34146.gif

Share this post


Link to post
Share on other sites

I haven't actually gotten it to work in TS yet.... what do I need to make it into... an indicator, show me?

 

I've tried a couple different things but haven't gotten it to show up on the charts yet.

Share this post


Link to post
Share on other sites

yes, you need to make it an indicator.

 

1. copy the code into your editor,

2. compile

3. after successful compilation, insert the indicator into your chart.

Share this post


Link to post
Share on other sites
yes, you need to make it an indicator.

 

1. copy the code into your editor,

2. compile

3. after successful compilation, insert the indicator into your chart.

 

 

Hi,

 

I tried to compile your zigzag, but it gave a syntax error at this line:

 

SwingTime(time_s)

 

Error message: Word not recognized by EasyLanguage

 

Unfortunately I am not an EasyLanguage expert, could someone compile it into an indicator? Thanks in advance.

Share this post


Link to post
Share on other sites
Hi,

I tried to compile your zigzag, but it gave a syntax error at this line:

SwingTime(time_s)

Error message: Word not recognized by EasyLanguage

Unfortunately I am not an EasyLanguage expert, could someone compile it into an indicator? Thanks in advance.

 

What program are you using?

 

SwingTime is a declared variable. It should not give you problem.

 

That leaves only time_s. But this is a reserved word, i.e. the word is built into TradeStation and MultiCharts.

Share this post


Link to post
Share on other sites
Hi,

I tried to compile your zigzag, but it gave a syntax error at this line:

SwingTime(time_s)

Error message: Word not recognized by EasyLanguage

Unfortunately I am not an EasyLanguage expert, could someone compile it into an indicator? Thanks in advance.

 

you can try this: replace time_s with a zero.

 

change

SwingTime(time_s) ;

 

to

 

SwingTime(0) ;

.

Share this post


Link to post
Share on other sites
Thanks for sharing. I particularly love the HH/LL indicator. So many new traders can't grasp this concept and to have it literally spelled out for them is a very powerful learning tool.

Kudos to you!

 

if you combine ZigZag with the HH/LL indicator...

the chart will give you a whole new vision.

 

;-)

Share this post


Link to post
Share on other sites
That leaves only time_s. But this is a reserved word, i.e. the word is built into TradeStation and MultiCharts.

 

Thank you for your contributions, Tam, and welcome to the forum.

 

Unfortunately, Tradestation (TS) does not have timing in seconds resolution and time_s is not a reserved word in TS EasyLanguage (EL). so you should preface a lot of your MC EL trendline code by noting that it may not be TS compatible.

 

For example, most of the functions with seconds resolution in MC, such as time_s, TL_SetEnd_s, TL_SetBegin_s etc need to be replaced with their equivalent TS versions such as: time, TL_SetEnd, TL_SetBegin.

 

Another caveat is that MC can handle EL errors, especially trendline code errors, without throwing up exception as much as TS. What you will find is that TS will often not plot MC trendline codes at all and you have to debug the program completely when moving from MC to TS.

Share this post


Link to post
Share on other sites
Thank you for your contributions, Tam, and welcome to the forum.

Unfortunately, Tradestation (TS) does not have timing in seconds resolution and time_s is not a reserved word in TS EasyLanguage (EL). so you should preface a lot of your MC EL trendline code by noting that it may not be TS compatible.

For example, most of the functions with seconds resolution in MC, such as time_s, TL_SetEnd_s, TL_SetBegin_s etc need to be replaced with their equivalent TS versions such as: time, TL_SetEnd, TL_SetBegin.

Another caveat is that MC can handle EL errors, especially trendline code errors, without throwing up exception as much as TS. What you will find is that TS will often not plot MC trendline codes at all and you have to debug the program completely when moving from MC to TS.

 

Thanks for the heads up.

Somehow I always thought time_s is a standard reserved word in TradeStation.

 

In that case, I better make 2 versions of each code, if seconds are involved.

Share this post


Link to post
Share on other sites
HL Bracket v2.2

 

This program marks the High and Low of n bars back.

Useful as a guide for stops, break outs, scalping, etc.

 

The number will reverse color when the price breaches the bracket.

.

 

Hi Tams,

 

I tried to compile your HH-LL EasyLanguage text in TS and renamed the colours into red and green. The indicator was sucesfully compiled, but.. when I imported it in TS I just saw an empty window. I changed the format in such way that the indicator should plot in the price graph, but with no visible result. Could someone tell me what I am doing wrong? I have attached the indicator in .eld format using green and red as preferred colours.

HH_LL.ELD

Share this post


Link to post
Share on other sites

there is some re-coding you will need to do on his HH-LL eld. Although its an eld, its from Multicharts and appears to have some "disappearing" act for products that have small values. e.g it appears for HangSeng but disappears for me for USDJPY.

Share this post


Link to post
Share on other sites
Hi Tams,

I tried to compile your HH-LL EasyLanguage text in TS and renamed the colours into red and green. The indicator was sucesfully compiled, but.. when I imported it in TS I just saw an empty window. I changed the format in such way that the indicator should plot in the price graph, but with no visible result. Could someone tell me what I am doing wrong? I have attached the indicator in .eld format using green and red as preferred colours.

 

Please give this a try.

This is the original written in TradeStation.

(It does not have the lines I added.)

.

HH_LL_TradeStation.txt

Edited by Tams

Share this post


Link to post
Share on other sites

Awesome Oscillator

Bill Williams

 

This oscillator is popular with forex traders, but can be applied to any market.

 

Both the AO (Awesome Oscillaor) and AC (Accelarator) are included in this indicator.

Just format the option to either True or False.

 

Bill William had the moving averages set at 5, 34.

I have made it user adjustable, so that you can experiment with your own settings.

 

9464d1234903506-free-easylanguage-indicators-ao_ac.gif

.

AO_AC.gif.3fee9e76e483954efe7aad8fc69575a3.gif

AO_AC_(TS).txt

Edited by Tams

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.


  • Similar Content

    • By millonmethod
      Hello everyone!
      I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
      I am going to give you some tips that you must know:
      There are going to be many people who tell you that trade is easy, that with only crossiing a line  with another one you will win a lot of money.... and that´s not true.  No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS.   If you have the knowledge to develop it, take your time and do it.  Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!!  Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!!  IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
      Have a nice trading day
       
       
    • By edakad
      Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
      When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.

      FireBird.zip
    • By magesvh
      I'm currently using Ninjatrader for my trading. But I have a problem with the Tick Chart and when I use any Indicator. When e.g. the market is very fast or my internet is slow (for a moment), then the value of the candles and indicator is wrong. 
      So I refresh the chart after every finished candle. 
      Does anybody know a software without this problem?
    • By mirko994
      Hello guys,
      Anyone has the code of this indicator?  I am trying to find the logic behind it.
      Trend Magic Indicator FREE
       
      Kind regards,
       
      Mirko

  • Topics

  • Posts

    • NBIX Neurocrine Biosciences stock range breakout watch, https://stockconsultant.com/?NBIX
    • RTX stock, nice close with a flat top breakout above 102.77, https://stockconsultant.com/?RTX
    • Date: 8th May 2024. Market News – Stocks mixed; Yen support still on; Eyes on NFP & Apple tonight   Economic Indicators & Central Banks:   As the Fed maintained a “high-for-longer” stance, stocks gave up their gains with attention turning back to earnings. Chair Powell and the Fed were not as hawkish as feared and the markets reacted immediately and in textbook fashion to the still dovish policy stance. The Fed flagged that recent disappointing inflation readings could make rate cuts a while in coming, but Fed chief Jerome Powell characterized the risk of more hikes as “unlikely,” giving some solace to markets. Stocks traded mixed across Asia, while in Europe, DAX and FTSE futures are finding buyers and US futures are also in demand, after the Fed’s message. Yen: Another suspected intervention by authorities, this time in late New York trading, ran into resistance from traders keen to keep selling the currency. Swiss CPI lifted to 1.4% y/y in April from 1.0% y/y in the previous month. Headline numbers are still at low levels and base effects play a role, with the different timing of Easter this year also likely to distort the picture. That said, the numbers may not question the SNB’s decision to cut rates, but they do not support another rate cut in June. Financial Markets Performance:   The USDIndex has corrected to 105.58, but USDJPY is already inching higher again, after a sharp drop to a low of 153.04 on Tuesday that sparked fresh intervention speculation. The pair is currently trading at 155.38. Treasury yields plunged and were down over double digits before profit taking set in. USOIL finished with a -3.6% loss to $79.00, the lowest since March 12. Currently it is as $79.53. Gold was up 1.4% to $2319.55 per ounce, reclaiming the $2300 level. Market Trends:   Wall Street climbed initially with gains of 1.4% on the NASDAQ, 1.2% on the Dow, and 0.96% on the S&P500. The NASDAQ and S&P500 closed with losses of -0.3%, while the Dow was 0.23% firmer. The Hang Seng rallied more than 2%, and the ASX also posting slight gains, while CSI 300 and Nikkei declined. Apple’s earnings report is due after the US market closes today, will give investors a better sense of how the iPhone maker is weathering a sales slump, due in part to a sluggish China market. 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 on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HMarkets 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 FX and CFDs 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.
    • Date: 7th May 2024. Dow Jones Close To 1-Month High, Eyes on Disney Earnings. The stock market trades at a 3-week high after significant support from the latest earning reports and US employment data. Economists continue to expect a rate cut no earlier than September 2024 despite the US unemployment rate rising to 3.9%. The US Dollar Index trades higher on Tuesday and fully corrects the decline from NFP Friday. Dow Jones investors wait for Disney to release their latest quarterly earnings data. The stock holds a weight of 1.93%. USDJPY – The US Dollar Regains Lost Ground The USDJPY is an interesting pair on Tuesday as the US Dollar is the best performing currency within the market while the Yen is witnessing the strongest decline. Investors will continue to monitor as we enter the European Cash Open to ensure no significant changes. The exchange rate has been declining since the 29th of April when the Japanese Government is believed to have intervened and strengthened the Yen. However, the US Dollar has been gaining over the past 24 hours. During this morning’s Asian Session, the exchange rate trades 0.44% higher. Currently the only concern for the US Dollar is the latest employment data which illustrates a potential slowing employment sector. However, investors are quick to point out that this cannot be known simply from 1 weak month. This is the first time the NFP data read lower since November 2023. No major data is in the calendar for the next two days which can influence the US Dollar. Despite the weaker employment data and lower wage growth, investors continue to predict a rate cut no earlier than September 2024. This is something which can also be seen on the CME FedWatch Tool, which shows a 34.3% chance of rates remaining unchanged in September. In regard to the Japanese Yen, most analysts expect the next rate increase in the second half of this year depending on a stable movement of inflation. In addition, investors are monitoring the actions of financial authorities, expecting new currency interventions from them against a weakening Yen. This is the main concern for investors speculating against the Yen. However, economists continue to advise the Yen will struggle to gain even with a small rate hike, unless the rest of the financial world starts cutting rates. USA30 – Investors Turn To Disney Earnings Data! The Dow Jones is close to trading at a 1-month high and is also trading slightly higher this morning. The index recently has been supported by the latest employment data which indicates a higher possibility of rate cuts by the Fed. Today investors focus on the quarterly earnings report for Disney. Disney stocks are trading 0.37% higher during this morning’s pre-trading hours indicating investors believe the report will be positive. So far this year the stock is trading 28.40% higher and is one of the better performing stocks. Yesterday, the stock rose by 2.47% but remains significantly lower than its all-time high of $197. Currently analysts believe the earnings data will either be similar to the previous quarter or slightly lower. If earnings and revenue read higher, the stock is likely to continue rising. The stock is the 22nd most influential stock for the Dow Jones and will only influence the USA30 and USA500, not the USA100. Currently, technical analysis continues to indicate a strong price sentiment. The price trades above the 75-bar EMA and above the VWAP. In addition to this, the RSI is trading at 68.11 which also signals buyers are controlling the market. The only concern for traders is retracements. A weaker retracement could decline to $38,703, whereas a stronger retracement can fall back to $38,571. 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 on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst 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 FX and CFDs 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.
    • ECL Ecolab stock breakout, from Stocks To Watch, https://stockconsultant.com/?ECL
×
×
  • Create New...

Important Information

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