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Hh hl ll lh Details »»
Hh hl ll lh
Platform: , by lonew0lf lonew0lf is offline
Developer Last Online: May 2011 Show Printable Version Email this Page

Platform: MultiCharts Rating:
Released: 09-08-2010 Last Update: Never Installs: 0
 
No support by the author.

I'm looking for some help adjusting a pretty useful indicator.

I'm looking to generate an alert whenever a HL followed by a LL condition (declining support) or LL followed by a HL condition (rising support) occurs.

For anyone wondering, I'm basically trying to get a heads-up to possible wedge patterns.

I'm not sure how to code the indicator so it looks for the first condition, then look for the second condition. Any guidance here would be appreciated.

Code:
// This indicator labels HH, HL, LL, LH on the chart.
//

inputs:  
	LeftStrength( 3 ),
	RightStrength( 3 ), 
	LookBackLength( 100 );
 
variable:  
	ID(-1), 
	Offset( 0 ) , 
	HighValue1(0),
	HighValue2(0),
	LowValue1(0),
	LowValue2(0);



 
Offset = .15 * Average( Range, 5 ) ; 
 
if PivotHighVSBar( 1, High, LeftStrength, RightStrength, RightStrength + 1 ) <> -1 then 
begin 
	HighValue1 = PivotHighVS(1, High, Leftstrength, RightStrength, LookBackLength );  
	HighValue2 = PivotHighVS(2, High, Leftstrength, RightStrength, LookBackLength );  
 
	if HighValue2 <> -1 and ( ( HighValue1 >= HighValue2 - Offset ) and ( HighValue1 <= HighValue2 + Offset ) ) then  
	begin 
		ID = Text_New(Date[RightStrength], Time[RightStrength], High[RightStrength] + Offset, "DT");  
		Text_SetStyle(ID, 2, 1 ) ; 
		Text_SetColor(ID, black);

		Value1 = 1;
	end ;  

	if HighValue2 <> -1 and HighValue1 > HighValue2 and value1 = 0 then  
	begin 
		ID = Text_New(Date[RightStrength], Time[RightStrength], High[RightStrength] + Offset, "HH");  
		Text_SetStyle(ID, 2, 1 ) ; 
		Text_SetColor(ID, blue);
	end 
	else 
	if HighValue2 <> -1 and HighValue1 < HighValue2 and value1 = 0 then
	begin
		ID = Text_New(Date[RightStrength], Time[Rightstrength], High[RightStrength] + Offset, "(LH)");
		Text_SetStyle(ID, 2, 1 ) ;
		Text_SetColor(ID, blue);
	end ;
	Value1 = 0;
end ; 
 
if PivotLowVSBar( 1, Low, LeftStrength, RightStrength, RightStrength + 1 ) <> -1 then 
begin 
	LowValue1 = PivotLowVS(1, Low, Leftstrength, RightStrength, LookBackLength );  
	LowValue2 = PivotLowVS(2, Low, Leftstrength, RightStrength, LookBackLength );  
 
	if LowValue2 <> -1 and ( ( LowValue1 >= LowValue2 - Offset ) and ( LowValue1 <= LowValue2 + Offset ) ) then  
	begin 
		ID = Text_New(Date[RightStrength], Time[RightStrength], Low[RightStrength] - Offset, "DB");  
		Text_SetStyle(ID, 2, 0 ) ; 
		Text_SetColor(ID, black);

		Value1 = 1;
	end;  

	if LowValue2 <> -1 and LowValue1 < LowValue2 and Value1 = 0 then  
	begin  
		ID = Text_New(Date[RightStrength], Time[RightStrength], Low[RightStrength] - Offset, "LL");  
		Text_SetStyle(ID, 2, 0 ) ; 
		Text_SetColor(ID, white);
	end 
	else 
	
	if LowValue2 <> -1 and LowValue1 > LowValue2 and Value1 = 0 then
	begin
		ID = Text_New(Date[RightStrength], Time[RightStrength], Low[RightStrength] - Offset, "(HL)");
		Text_SetStyle(ID, 2, 0 ) ;
		Text_SetColor(ID, white);
	end;
	Value1 = 0;



end ;

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Comments
Old 09-08-2010, 11:52 AM   #2

Join Date: Oct 2009
Location: london
Posts: 52
Ignore this user

Thanks: 2
Thanked 8 Times in 4 Posts

Re: Hh hl ll lh

A couple images for visual
Attached Thumbnails
Hh hl ll lh-ll-hl-image-2.jpg   Hh hl ll lh-hl-ll-image-1.jpg  
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