LastManStanding Swing indicator

This indicator is about Dow’s theory, it detects the highs and lows of a trend to clearly identify trends or periods when the market is in range.
It has major points (based on a long-term calculation) and minor points (calculated on a short term). These periods are of course adjustable, it also includes a moving average of type and adjustable period to match your style of ‘swing trader’.

Converted from an MQL4 code, by a request in the Italian trading indicator’s forum.

//PRC_LastManStandingIndicator | indicator
//14.11.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//translated from MQL4 code

// --- settings
//PeriodsInMajorSwing=13
//PeriodsInMinorSwing=5
//MovingAverageMethod=1
//MovingAveragePeriods= 55
// --- end of settings

EMA = average[MovingAveragePeriods,MovingAverageMethod](close)

hhminorprice=0
llminorprice=close*1000
for i = 1 to PeriodsInMinorSwing*2 do
 if high[i]>hhminorprice then
  hhminorbar = barindex[i]
  hhminorprice = high[i]
 endif
 if low[i]<llminorprice then
  llminorbar=barindex[i]
  llminorprice=low[i]
 endif
next

hhmajorprice=0
llmajorprice=close*1000
for i = 1 to PeriodsInMajorSwing*2 do
 if high[i]>hhmajorprice then
  hhmajorbar = barindex[i]
  hhmajorprice = high[i]
 endif
 if low[i]<llmajorprice then
  llmajorbar=barindex[i]
  llmajorprice=low[i]
 endif
next

atr=averagetruerange[14]
if barindex-hhminorbar=PeriodsInMinorSwing  then
 drawtext("●",hhminorbar,hhminorprice,Dialog,Bold,10) coloured(100,149,237)
endif
if barindex-llminorbar=PeriodsInMinorSwing then
 drawtext("●",llminorbar,llminorprice,Dialog,Bold,10) coloured(100,149,237)
endif
if barindex-hhmajorbar=PeriodsInMajorSwing then
 drawtext("●",hhmajorbar,hhmajorprice+atr/2,Dialog,Bold,20) coloured(128,0,128)
endif
if barindex-llmajorbar=PeriodsInMajorSwing then
 drawtext("●",llmajorbar,llmajorprice-atr/2,Dialog,Bold,20) coloured(128,0,128)
endif

return EMA coloured(184,134,11) as "EMA"

//PRC_LastManStandingIndicator | indicator

//14.11.2017

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//translated from MQL4 code

// --- settings

//PeriodsInMajorSwing=13

//PeriodsInMinorSwing=5

//MovingAverageMethod=1

//MovingAveragePeriods= 55

// --- end of settings

EMA = average[MovingAveragePeriods,MovingAverageMethod](close)

hhminorprice=0

llminorprice=close*1000

for i = 1 to PeriodsInMinorSwing*2 do

if high[i]>hhminorprice then

hhminorbar = barindex[i]

hhminorprice = high[i]

endif

if low[i]<llminorprice then

llminorbar=barindex[i]

llminorprice=low[i]

endif

hhmajorprice=0

llmajorprice=close*1000

for i = 1 to PeriodsInMajorSwing*2 do

if high[i]>hhmajorprice then

hhmajorbar = barindex[i]

hhmajorprice = high[i]

endif

if low[i]<llmajorprice then

llmajorbar=barindex[i]

llmajorprice=low[i]

endif

atr=averagetruerange[14]

if barindex-hhminorbar=PeriodsInMinorSwing then

drawtext("●",hhminorbar,hhminorprice,Dialog,Bold,10) coloured(100,149,237)

endif

if barindex-llminorbar=PeriodsInMinorSwing then

drawtext("●",llminorbar,llminorprice,Dialog,Bold,10) coloured(100,149,237)

endif

if barindex-hhmajorbar=PeriodsInMajorSwing then

drawtext("●",hhmajorbar,hhmajorprice+atr/2,Dialog,Bold,20) coloured(128,0,128)

endif

if barindex-llmajorbar=PeriodsInMajorSwing then

drawtext("●",llmajorbar,llmajorprice-atr/2,Dialog,Bold,20) coloured(128,0,128)

endif

return EMA coloured(184,134,11) as "EMA"

breakout dow dow theory reversal swing swing trading

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

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swapping • 11/14/2017 #
Merci Nicolas, voila encore un bon indicateur visuel pour les tendances…

Genotik • 11/14/2017 #
Un Indicateur bien pratique à intégré dans sa stratégie, Thanks ! 🙂

DaxRider • 11/14/2017 #
Thanks Nicolas
Nice Job

klaus • 11/14/2017 #
Hi Nicolas,
this indicator is repainting, is it?
- Nicolas • 11/14/2017 #
  There’s no repainting indicator in prorealtime. But this one plots the points afterwards of course. There’s always a delay to be sure a higher high is really one!

HerveS_67 • 11/14/2017 #
Attention, regardez bien la construction du code !!!
Les points bleu s’affichent entre barindex-1 & barindex-10
Les points violet s’affichent entre barindex-1 & barindex-26
Donc décalage…

wintreb • 11/14/2017 #
Un outil très visuel et utile
Merci

darbes • 11/14/2017 #
Hi Nicolas
How could I use the indicator in a strategy ? Coding do not recognize the indicator.
Tku
JC
- Nicolas • 11/14/2017 #
  What do you want to do exactly? Because dots are plotted afterwards..

rama • 11/14/2017 #
I want to place buy or sell order just after the last man , what is the code to use ? i tried to place buy or sell instead of drawtext it is not working
- Nicolas • 11/14/2017 #
  But it should, please open a new specific topic in the ProOrder automatic trading forum.

Jean-Claude REGIS • 11/14/2017 #
Bonjour
Quel est le retard d’affichage des points mineurs et majeurs ?
Merci de votre rep Cordialement
- Nicolas • 11/14/2017 #
  Désolé, je ne comprends pas la question 🙂

tjrp_fr • 11/14/2017 #
Très intéressant, merci !

niroy2000 • 11/14/2017 #
Please help the above is not working for me
- Nicolas • 11/14/2017 #
  what is not working please? attach the indicator on your price chart and it should work correctly.

Admiral • 11/14/2017 #
Do the dots appear on the candle close or after a certain amount of candles?
- Nicolas • 11/14/2017 #
  Yes that’s right, they are painted backwards.

Louloute • 11/14/2017 #
Bonjour Nicolas,
Je ne comprends pas bien la fonction des 2 lignes ci-dessous, pourriez-vous m’expliquer brièvement ?
hhminorprice=0
llminorprice=close*1000
Pourquoi ne pas partir avec les valeurs des premières chandelles ?
Merci.
- Nicolas • 11/14/2017 #
  Oui pourquoi pas? 🙂

claudiofred • 11/14/2017 #
Bonjour Nicolas,
merci encore pour ce super indicateur. se demander s’il est possible d’écrire un screener basé sur cet indicateur.
merci beaucoup.
- Nicolas • 11/14/2017 #
  Screener déjà présent sur le forum ici: https://www.prorealcode.com/topic/indicador-lastmanstanding-swing/

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ullle73 why not use 1h chart? has 95% hitrate

ullle73 i see most of positions are only 1 pip before exit?

Francesco78 Hi Pepmartorell, please let's continue the discussion on the forum thread so that we can sha...

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imokdesign Hi Everybody, when I look at the strategy I felt the need to implement a Moneymanagement-Sy...

Inertia newlevel then multiplier=multiplier+1 oldlevel=newlevel newlevel=strategyprofit+startequi...

Inertia Hi Bjoern, I was playing around with your code this morning (EUR/USD 5'). Thank you to the...

JanWd Thank you for the coding, it seems promising. FTSE gives for the short term (5 min) promis...

Jan Wind 21.04.2019: I retested the strategy for the DAX 5 minutes , it works fine for 10.000 bars, b...

bertrandpinoy hello Francesco, are you still working on this strategy?

Samitha Prasanna Hi ALE, would you be able to provide the values for the below part of the code (time >=1...

Player Bonjour, J'ai testé cette stratégie sur EurUSD en 1 heures sur 10000 unités et le résultat ...

Player Vue du rapport du Backtest https://ibb.co/8BMrBz6

wtangsiri Bonjour J'ai importé le fichier ITF en question, mais cela me donne, en bas de l'écran, un...

Nicolas Il faut ajouter l'indicateur sur le graphique du prix.

skuggan89 This is a great indicator, works very well!! Is there any algo based on this indicator that ...

Regan2020 Hi, has anybody update the above code to enable on a 15m or 5m TF?

gigi64 ik heb de code op mijn pro realtime gezet , en bij indicator staat hij erbij maar komt niet ...

gigi64 I have put the code on my pro realtime, and it is on the indicator, but it does not appear o...

Nicolas Restart your platform in order to be sure to use the last version, there was a version rollb...

bertrandpinoy bonjour voud pouvez m envoyer le code modifier par vous?

Nicolas Désolé , je ne comprends pas votre question.

Nicolas si il n'y a pas de stoploss définit dans le code, alors c'est normal :)

bertrandpinoy bonjour merci pour la réponse. Oui b sur ... est il possible que le SL soit coder sous une a...

Nicolas ok mais pourquoi poser la question ici ? Pour des questions non spécifique à cette article, ...

Elsborgtrading By adding the inside bar breakout failure candle, which is the next bar after the inside bar...

DegoodBoby very nice indicator but pls how can we use the indicator without the text (inside bar/brea...

ShaunG Hi Elsborgtrading thanks for this indicator. I was initially looking for a "IDnr4" which I c...

pascal3431 Salut Doc , Je ne vois pas ce qui fait office de stop dans ce code .. un retour dans le nua...

Doctrading Bonjour, Il s'agit juste d'une stratégie où on est toujours en position : soit à l'achat / ...

pascal3431 Bonjour, après quelques essais sur EUR/USD au M15 en rajoutant(car sinon on est en perte) u...

Doctrading Nice Job ! Here is my version of the code : KBO = 0 Tenkansen = (highest[9](high)+lowe...

gefinance Thanks for this code. The only thing left missing is the time lapse, otherwise, lots of old...

danhei Hi I am tryong to figure out how trist strategy works. I am new to pro real time. Can some...

Plop61 Hello,Thank you for sharing this beautiful strategy.Is it possible to indicate the code for ...

NoName Thank you very much for this fascinating trading system. It is still proving to be extremely...

larouedegann best with this hour IF TIME =081000 THEN plushaut=highest[2](high) plusbas = lowest[2](lo...

CanAny1Trade Hi! I'm trying to put together a similar indicator but struggling. I want to mark the NY Pit...

ALE Hi Pat This code was nothing more than an experiment

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Nicolas Built on the history means that it suits the history. Always develop ideas in In-Sample peri...

Nicolas Line 10: Volume of current candlestick must be at least 1.5 higher than the previous one and...

bibifricotin Bonjour Nicolas je viens d'essayer ce screener mais j'obtiens des résultats curieux .Aujourd...

Nicolas Décalage si compte gratuit fin de journée ?

Cosmic1 Lets discuss here: https://www.prorealcode.com/topic/cac-breakout-ported-to-other-markets/

rejo007 hello, anybody use thi strategy for a long time? thanks

abacus23 Hi, I have been trading this strategy and it seems to work quite well recently. Is there a...

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