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.

daedalus

Storing a Pivot Level in .eld?

Recommended Posts

I'm trying to store a prior scalper swing high or low in an indicator so I can reference the swing high or low to check the bar that breaks through that level for a candlestick pattern.

 

But i'm a little bit stumped because in a show me indicator its only comparing the current bar... and without knowing how far back the prior H/L was I can't code up a comparison if/then statement.

 

Any ideas on how to form this?

 

attachment.php?attachmentid=12402&stc=1&d=1248373064

 

The baseline scalper code is as follows:

{Scalper Buys and Sells		7/18/2007
Written by Luis Gomez 
inspired by John Carters "Mastering the Trade"
This plots swing highs/lows with a strength of 2 bars on each side, on the condition that there is a
	close above/below the high/low the bar after the said swing bar......whew that's a mouthful!
}

inputs:
buyColor(magenta),
sellColor(cyan);
variables:
highBarsAgo(1),
possibleHighBarsAgo(1),
possibleHigh(-2),
hightoBeat(-1),
barsSincePaint(1),
lowBarsAgo(1),
possibleLowBarsAgo(1),
possibleLow(10000001),
lowtoBeat(10000000),
triggerPriceSell(-1),
triggerPriceBuy(1000000),
trend(1),
_UP(1),
_DOWN(-1),
_ON(1),
_OFF(-1);


//***************************************************
//****** Find and plot the highest swing high *******
//***************************************************

if trend = _UP then begin
if swingHighBar(1,H,2,barsSincePaint+2) > -1 then begin
	possibleHighBarsAgo = swingHighBar(1,H,2,barsSincePaint+2);
	possibleHigh = H[possibleHighBarsAgo];
end;

if possibleHigh >= hightoBeat then begin
	highBarsAgo = possibleHighBarsAgo;
	hightoBeat = possibleHigh;
	triggerPriceSell = L[HighBarsAgo - 1];
end;

if C < triggerPriceSell and 
	highest(high,highBarsAgo) < hightoBeat then begin
	plot1[highBarsAgo](H[highBarsAgo],"",sellColor);
	alert("Scalper Sell");
	trend = _DOWN;
	barsSincePaint = highBarsAgo-1;
	hightoBeat = -1;
	lowtoBeat = 10000000;
	triggerPriceBuy = 10000000;
	triggerPriceSell = -1;
	highBarsAgo = 1;
	possibleHigh = -2;
end;

end;

//***************************************************
//****** Find and plot the lowest swing low *********
//***************************************************

if trend = _DOWN then begin
if swingLowBar(1,L,2,barsSincePaint+2) > -1 then begin
	possibleLowBarsAgo = swingLowBar(1,L,2,barsSincePaint+2);
	possibleLow = L[possibleLowBarsAgo];
end;

if possibleLow <= lowtoBeat then begin
	lowBarsAgo = possibleLowBarsAgo;
	lowtoBeat = possibleLow;
	triggerPriceBuy = H[LowBarsAgo - 1];
end;

if C > triggerPriceBuy and 
lowest(L,lowBarsAgo) > lowtoBeat then begin
	plot1[lowBarsAgo](L[lowBarsAgo],"",buyColor);
	alert("Scalper Buy");
	trend = _UP;
	barsSincePaint = lowBarsAgo-1;
	possibleLow = 10000001;
	lowtoBeat = 10000000;
	hightoBeat = -1;
	triggerPriceBuy = 10000000;
	triggerPriceSell = -1;
	lowBarsAgo = 1;
end;		

end;

barsSincePaint = barsSincePaint+1;
if trend = _UP then highBarsAgo = highBarsAgo + 1;
if trend = _DOWN then lowBarsAgo = lowBarsAgo + 1;

 

Thanks for your input and advice!!!

1.jpg.30436764a218e073497093b4a9bdfd5e.jpg

Share this post


Link to post
Share on other sites

you can set up a variable, say call it myswinghigh(0).

 

when a swing high occurs, do an assignment to store the swing high value:

 

myswinghigh = h;

 

 

The high will change with every bar, but this "swinghigh" value will remain constant in the variable, thus allowing you to reference it later.

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: 17th May 2024. Market News – Asian and European futures followed Wall Street lower. Economic Indicators & Central Banks:   The Dow topped 40,000 for the first time ever, but was unable to close with that historic handle. Concurrently, the S&P tried for its 24th record high this year but failed too. The rise in Treasury yields after stronger than expected import prices, and a drumbeat from Fed officials that rates need to remain high for longer, encouraged profit taking. Most Asian equity markets and European futures have followed Wall Street lower, after US data dented rate cut hikes. Chinese data showing slowed consumption and a drop in home sales, although industrial production numbers looked relatively robust. Japan’s core consumer inflation slowed for a 2nd month in a row in April from a year earlier, while the core consumer prices index (CPI) is expected to decelerate to 2.2% from 2.6% in March, the lowest level in 3 months, but still at or above the central bank’s 2% target for more than two years. Financial Markets Performance: The USDIndex firmed slightly to 104.518 and up from the day’s nadir of 104.080. But it held a 104 handle for a second straight day. It traded above the 105 level from April 10 until May 15. Silver has surged nearly 25% this year, outpacing Gold and becoming a top-performing commodity, though it remains relatively inexpensive compared to gold. Both metals have hit record highs due to central-bank buying and increased interest in China. USOil is 0.75% higher at $79.23. Market Trends:   All three major US indexes closed slightly in the red after posting all-time highs on Wednesday. The NASDAQ closed with a -0.26% decline, while the S&P500 lost -0.21%, and the Dow was off -0.1% at 39,869. It was a corrective day for Treasuries too. Bonds unwound part of their recent rally that took rates down to the lows since early April. 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 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.
    • GOTU Gaotu Techedu stock breakout, https://stockconsultant.com/?GOTU
    • FSLR First Solar stock bull flag breakout watch, https://stockconsultant.com/?FSLR
    • VLO Valero Energy stock attempting to move higher off the 156.97 support area, high trade quality, https://stockconsultant.com/?VLO
    • RCL Royal Caribbean stock top of range breakout watch , https://stockconsultant.com/?RCL
×
×
  • Create New...

Important Information

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