Easylanguage Projection of Price Levels...

[daedalus 10]

Simple idea, at least I thought until I tried to code it up.

 

I am trading range bar charts and I would like to be able to have an indicator that plots the given high and low range of the current bar as it unfolds so that I can correctly place stops without all the mental math.

 

i.e.... if the bar currently has a 2 tick range from 985-987 and i'm trading a 4 range bar that its going to tell me based off the current range that a new bar will be created at a move to 983, or at a move to 989... get it?

 

I guess my only question is how can I set a plot in easylanguage to go a set amount of ticks on top of the given price?

 

I had some examples of this in my code library that I cannot seem to dig up... anyone got any ideas? Is it as simple as...

 

" Plot1(Close+.0001, "Buy", Green) " ?

[daedalus 10]

Drrr. I figured it out and got it working perfectly...

 

Thought I would share...

 

Inputs:
RangeSetting(.05);

Variables:
None(0),
Value1(0);

None = AbsValue(High-Low);
Value1 = RangeSetting - None;

//High
if Close >= Low and LastBaronChart then
begin
plot1(High+Value1, "BL");
end
else
NoPlot(1);

//Low
if Close <= High and LastBaronChart then
begin
plot2(Low-Value1, "SL");
end
else
NoPlot(2);

 

Just change the range setting to the right setting for that range you are trading...

 

Cheers!

[trader273 10]

 

is that what you are looking for?

[zdo 20]

good question

what are the ts 'rules' for creating range bars?

and what interval are you using? #___ ? ticks? thx

[daedalus 10]

 

is that what you are looking for?

 

Yup....

 

Mine does the same thing, just not as beautifully! lol. Where did you get yours? You're on OEC as well aren't you?

[daedalus 10]

Mine looks a bit ragged.... but does work... this on a 4 range chart.

 

[trader273 10]

Yup....

 

Mine does the same thing, just not as beautifully! lol. Where did you get yours? You're on OEC as well aren't you?

 

i made it. ill post my code after i get some lunch. oh yeah runs fine on oec

[ochie 10]

Here is one you might take a look at too. Levels are adjusted by the bars back setting. It worked fine on Range/Point charts when I tried it some time ago:

 

Scalper's HL Bracket (with Sound)

Edited February 23, 2010 by ochie
fat finger

[trader273 10]

I attached what the settings and what they mean. You will just have to toy around with it to get it how you want. Even if you dont like my code exactly, at least this will point you in the right direction.

 

 

Range Indicator.txt

[Tams 20]

these indicators might give you a leg up...

 

ATR Marker

http://www.traderslaboratory.com/forums/f46/atr-marker-5655.html

 

 

Scalper's HL Bracket (with Sound)

http://www.traderslaboratory.com/forums/f46/scalpers-hl-bracket-sound-6084.html

 

 

133.142.75

[daedalus 10]

Trader273 & Tams - THANK YOU FOR YOUR HELP!!!