Avoid Re enter before Reset

• 09/16/2022 at 7:36 PM #200906
  Kole96

  Hi everyone

  i’m trying to finish this indicator, i got a lot of help from different members here to realise it.

  it’ based on Steven primo strategy. Bollinger Bands std 0.382

  i just want to avoid re entering a new a trade until the setup is no reset.

  Can you help to find the line that i have to change?

  Thank you

   

  here is a figure and the code

  DEFPARAM CalculateOnLastBars = 5000 // Atributs : OffsetArrow = ArrowDistance * pipsize OffsetText = TextDistance * pipsize OffsetFifth = FifthDistance * pipsize OffsetDistance = ContractDistance * pipsize OffsetEntry = EntryText * pipsize Pipi = pipsize SMA50 = Average[50](close) // Conditions for Close > Bollinger UP indicator3 = Average[20](close)+0.382*std[20](close) c7 = (close > indicator3) SMA20 = Average[20](close) // Conditions for 5 Closes above Bollinger Up c9=SUMMATION[5](c7)=5 if c9 and lastsig=0 then if FifthCandle then drawtext("5",barindex,low-OffsetFifth,SansSerif,bold,25)coloured(0,200,0) lastsig=1 endif endif //Setup Reset if closes under Boll Up if close<indicator3 then lastsig=0 endif // Conditions for Closes < Bollinger Down indicator4 = Average[20](close)-0.382*std[20](close) c8 = (close < indicator4) // Conditions for 5 Closes under Bollinger down c10=SUMMATION[5](c8)=5 if c10 and lastsig2=0 then if FifthCandle then drawtext("5",barindex,high+OffsetFifth,SansSerif,bold,25)coloured(200,0,0) lastsig2=1 endif endif //Setup Reset if closes above Boll Down if close>indicator4 then lastsig2=0 endif atr14=averagetruerange[14] // BB setup longComparison = close >= indicator3 shortComparison = close <= indicator4 if longComparison then if countlong=0 and longComparison[1] then countlong=0 else countlong=countlong+1 endif else countlong=0 endif if shortComparison then if countshort=0 and shortComparison[1] then countshort=0 else countshort=countshort+1 endif else countshort=0 endif pvHighInRange = barssince(pivothigh)<countlong pvLowInRange = barssince(pivotlow)<countshort // Pivot setup pivotH = high[1]>high[2] and high[1]>high pivotL = low[1]<low[2] and low[1]<low if pivotH then pivotHigh=high[1] starthigh=barindex[1] pivottype=1 endif if pivotL then pivotLow=low[1] startlow=barindex[1] pivottype=-1 endif pvHighInRange = barssince(pivothigh)<countlong pvLowInRange = barssince(pivotlow)<countshort // Entry price epLong = (pivotHigh) + ticksize epShort = (pivotLow) - ticksize stopLong = epShort stopShort = epLong // Target price targetLong = epLong+(abs(epLong-stopLong)*(extension/100)) targetShort = epShort-(abs(epShort-stopShort)*(extension/100)) contractSizeL = Risk/(epLong-stoplong) contractSizeS = Risk/(stopshort-epShort) // Entry condition //canBuy = countLong >= consecutiveCloses and pvHighInRange and high < epLong and epLong>0 //canSell = countShort >= consecutiveCloses and pvLowInRange and low > epShort and epShort>0 canBuy = countLong > consecutiveCloses and pvHighInRange and epLong>0 and high crosses over epLong and orderLong and close > SMA50 and SMA20>SMA50 //modif car tradingview repaint!! canSell = countShort > consecutiveCloses and pvLowInRange and epShort>0 and low crosses under epShort and orderShort and close < SMA50 and SMA20<SMA50 //modif car tradingview repaint!! //trading signals contractSizeL = round(contractSizeL,2) contractSizeS = round(contractSizeS,2) atr = average[100](range)*0.25//AverageTrueRange[100](close) signal=0 if canBuy and order<>1 and order <> -1 then // order <> 1 not longonmarket order <> -1 not shortonmarket drawarrowup(barindex,low-OffsetArrow) coloured("blue") drawtext("Long",barindex,low-OffsetText) drawtext(contractSizeL,barindex,low-OffsetDistance) drawtext(pivothigh+0.1,barindex,low-OffsetEntry) drawtext("▶",barindex[1],pivothigh) coloured("blue") signal=1 takeprofit=targetlong stoploss=stoplong order = 1 //on market orderlevel = pivothigh orderbar = barindex elsif canSell and order<>-1 and order <> 1 then // order <> 1 not longonmarket order <> -1 not shortonmarket drawarrowdown(barindex,high+OffsetArrow) coloured("red") drawtext("Short",barindex,high+OffsetText) drawtext(contractSizeS,barindex,high+OffsetDistance) drawtext(pivotlow-0.1,barindex,high+OffsetEntry) drawtext("◀",barindex+1,pivotlow) coloured("red") signal=-1 takeprofit=targetshort stoploss=stopshort order = -1 //on market orderlevel = pivotlow orderbar = barindex endif //if canbuy and not onmarket then //BUY 1 shares at market //ENDIF //plot the tp & sl lines if order<>0 then drawsegment(orderbar,takeprofit,barindex,takeprofit) coloured("darkgreen") style(line,2) drawsegment(orderbar,stoploss,barindex,stoploss) coloured("red") style(line,2) endif //reset the order/tp/sl if order=1 then //case long if high crosses over takeprofit or low crosses under stoploss then order=0 drawarrowdown(barindex,high+OffsetArrow) coloured("BlueViolet") drawtext("Exit L",barindex,high+OffsetText) endif endif //if order=1 then // Trying to Put YES for Winning Trades //if high crosses over takeprofit then //drawtext("YES",barindex+1,takeprofit+atr*8) coloured(0,255,0) //endif //endif if order=-1 then //case short if low crosses under takeprofit or high crosses over stoploss then order=0 drawarrowup(barindex,low-OffsetArrow) coloured("BlueViolet") drawtext("Exit S",barindex,low-OffsetText) endif endif ColorBetween (indicator3,indicator4,255,153,255,110) return indicator3 as "Upper band" coloured(128,0,92), indicator4 as "Lower band" coloured(128,0,92), SMA20 as "MA20" coloured(255,0,0)

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  DEFPARAM CalculateOnLastBars = 5000 // Atributs : OffsetArrow   = ArrowDistance * pipsize OffsetText = TextDistance * pipsize OffsetFifth = FifthDistance * pipsize OffsetDistance = ContractDistance * pipsize OffsetEntry = EntryText * pipsize Pipi = pipsize SMA50 = Average[50](close) // Conditions for Close > Bollinger UP indicator3 = Average[20](close)+0.382*std[20](close) c7 = (close > indicator3) SMA20 = Average[20](close) // Conditions for 5 Closes above Bollinger Up c9=SUMMATION[5](c7)=5 if c9  and lastsig=0 then if FifthCandle then drawtext("5",barindex,low-OffsetFifth,SansSerif,bold,25)coloured(0,200,0) lastsig=1 endif endif //Setup Reset if closes under Boll Up if close<indicator3 then lastsig=0 endif // Conditions for Closes < Bollinger Down indicator4 = Average[20](close)-0.382*std[20](close) c8 = (close < indicator4) // Conditions for 5 Closes under Bollinger down c10=SUMMATION[5](c8)=5 if c10  and lastsig2=0 then if FifthCandle then drawtext("5",barindex,high+OffsetFifth,SansSerif,bold,25)coloured(200,0,0) lastsig2=1 endif endif //Setup Reset if closes above Boll Down if close>indicator4 then lastsig2=0 endif   atr14=averagetruerange[14] // BB setup longComparison = close >= indicator3 shortComparison = close <= indicator4   if longComparison then if countlong=0 and longComparison[1] then countlong=0 else countlong=countlong+1 endif else countlong=0 endif   if shortComparison then if countshort=0 and shortComparison[1] then countshort=0 else countshort=countshort+1 endif else countshort=0 endif pvHighInRange = barssince(pivothigh)<countlong pvLowInRange = barssince(pivotlow)<countshort // Pivot setup pivotH = high[1]>high[2] and high[1]>high pivotL = low[1]<low[2] and low[1]<low if pivotH then pivotHigh=high[1] starthigh=barindex[1] pivottype=1 endif if pivotL then pivotLow=low[1] startlow=barindex[1] pivottype=-1 endif     pvHighInRange = barssince(pivothigh)<countlong pvLowInRange = barssince(pivotlow)<countshort   // Entry price epLong = (pivotHigh) + ticksize epShort = (pivotLow) - ticksize   stopLong = epShort stopShort = epLong   // Target price targetLong = epLong+(abs(epLong-stopLong)*(extension/100)) targetShort = epShort-(abs(epShort-stopShort)*(extension/100)) contractSizeL = Risk/(epLong-stoplong) contractSizeS = Risk/(stopshort-epShort)     // Entry condition //canBuy = countLong >= consecutiveCloses and pvHighInRange and high < epLong and epLong>0 //canSell = countShort >= consecutiveCloses and pvLowInRange and low > epShort and epShort>0   canBuy = countLong > consecutiveCloses and pvHighInRange  and epLong>0 and high crosses over epLong and orderLong and close > SMA50 and SMA20>SMA50 //modif car tradingview repaint!! canSell = countShort > consecutiveCloses and pvLowInRange and epShort>0 and low crosses under epShort and orderShort and close < SMA50 and SMA20<SMA50 //modif car tradingview repaint!!   //trading signals contractSizeL = round(contractSizeL,2) contractSizeS = round(contractSizeS,2) atr = average[100](range)*0.25//AverageTrueRange[100](close) signal=0 if canBuy and order<>1 and order <> -1  then // order <> 1 not longonmarket order <> -1 not shortonmarket drawarrowup(barindex,low-OffsetArrow) coloured("blue") drawtext("Long",barindex,low-OffsetText) drawtext(contractSizeL,barindex,low-OffsetDistance) drawtext(pivothigh+0.1,barindex,low-OffsetEntry) drawtext("▶",barindex[1],pivothigh) coloured("blue") signal=1 takeprofit=targetlong stoploss=stoplong order = 1 //on market orderlevel = pivothigh orderbar = barindex   elsif canSell and order<>-1 and order <> 1  then // order <> 1 not longonmarket order <> -1 not shortonmarket drawarrowdown(barindex,high+OffsetArrow) coloured("red") drawtext("Short",barindex,high+OffsetText) drawtext(contractSizeS,barindex,high+OffsetDistance) drawtext(pivotlow-0.1,barindex,high+OffsetEntry) drawtext("◀",barindex+1,pivotlow) coloured("red") signal=-1 takeprofit=targetshort stoploss=stopshort order = -1 //on market orderlevel = pivotlow orderbar = barindex   endif //if canbuy and not onmarket then //BUY 1 shares at market //ENDIF   //plot the tp & sl lines if order<>0 then drawsegment(orderbar,takeprofit,barindex,takeprofit) coloured("darkgreen") style(line,2) drawsegment(orderbar,stoploss,barindex,stoploss) coloured("red") style(line,2) endif     //reset the order/tp/sl if order=1 then //case long if high crosses over takeprofit or low crosses under stoploss then order=0 drawarrowdown(barindex,high+OffsetArrow) coloured("BlueViolet") drawtext("Exit L",barindex,high+OffsetText) endif endif //if order=1 then // Trying to Put YES for Winning Trades //if high crosses over takeprofit then //drawtext("YES",barindex+1,takeprofit+atr*8) coloured(0,255,0) //endif //endif   if order=-1 then //case short if low crosses under takeprofit or high crosses over stoploss then order=0 drawarrowup(barindex,low-OffsetArrow) coloured("BlueViolet") drawtext("Exit S",barindex,low-OffsetText) endif endif ColorBetween (indicator3,indicator4,255,153,255,110)   return indicator3 as "Upper band" coloured(128,0,92), indicator4 as "Lower band" coloured(128,0,92), SMA20 as "MA20" coloured(255,0,0)

   

  and here is the original code from Tradingview

   

  // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © EduardoMattje //@version=5 strategy("Steven Primo Bollinger Band", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100, process_orders_on_close=true, max_labels_count=500) // Constants var TRANSP = 5 var LONG = strategy.direction.long var SHORT = strategy.direction.short var ALL = strategy.direction.all var S_BOLLINGER = "Bollinger settings" var S_SETUP = "Setup settings" // Inputs src = math.log(input.source(close, "Price source", group=S_BOLLINGER)) var bollingerLength = input.int(20, "Bollinger length", minval=3, group=S_BOLLINGER, inline=S_BOLLINGER) var mult = input.float(0.382, "Standard deviation", minval=0.0, step=0.1, group=S_BOLLINGER, inline=S_BOLLINGER) var orderDirection = input.string(LONG, "Order direction", options=[LONG, SHORT, ALL], group=S_SETUP) var useTrailingStop = input.bool(false, "Use trailing stop", group=S_SETUP) var consecutiveCloses = input.int(5, "Consecutive closes for the setup", minval=1, group=S_SETUP, inline=S_SETUP) var extension = input.int(100, "Extension (%)", minval=100, group=S_SETUP, inline=S_SETUP) / 100.0 // Getting the BB [middle, upper, lower] = ta.bb(src, bollingerLength, mult) middle := math.exp(middle) upper := math.exp(upper) lower := math.exp(lower) // Plotting the BB var colorAtTheLimits = color.new(color.yellow, TRANSP) var colorAtTheMiddle = color.new(color.blue, TRANSP) plot(middle, "Middle band", colorAtTheMiddle, display=display.none) plot(upper, "Upper band", colorAtTheLimits) plot(lower, "Lower band", colorAtTheLimits) // MA setup // BB setup longComparison() => close >= upper shortComparison() => close <= lower var countLong = 0 var countShort = 0 incCount(count, comparison) => if comparison if count == 0 and comparison[1] 0 else count + 1 else 0 countLong := incCount(countLong, longComparison()) countShort := incCount(countShort, shortComparison()) // Pivot setup pivotHigh = ta.pivothigh(1, 1) pivotLow = ta.pivotlow(1, 1) pivotInRange(pivot, count) => ta.barssince(pivot) < count pvHighInRange = pivotInRange(pivotHigh, countLong) pvLowInRange = pivotInRange(pivotLow, countShort) // Entry price epLong = fixnan(pivotHigh) + syminfo.mintick epShort = fixnan(pivotLow) - syminfo.mintick // Stop price getRange(currentPrice, pivot, cond, tickMod) => if cond currentPrice else fixnan(pivot) + syminfo.mintick * tickMod var stopLong = 0.0 var stopShort = 0.0 stopLong := epShort stopShort := epLong // Target price getTarget(stopPrice, entryPrice) => totalTicks = (entryPrice - stopPrice) * extension entryPrice + totalTicks var targetLong = 0.0 var targetShort = 0.0 targetLong := getTarget(stopLong, epLong) targetShort := getTarget(stopShort, epShort) // Entry condition canBuy = countLong >= consecutiveCloses and pvHighInRange and high < epLong canSell = countShort >= consecutiveCloses and pvLowInRange and low > epShort // Entry orders inMarket = strategy.opentrades != 0 var plotTarget = 0.0 var plotStop = 0.0 strategy.risk.allow_entry_in(orderDirection) if not inMarket if canBuy plotTarget := targetLong plotStop := stopLong strategy.entry("long", strategy.long, stop=epLong, comment="Entry long") else if canSell plotTarget := targetShort plotStop := stopShort strategy.entry("short", strategy.short, stop=epShort, comment="Entry short") else strategy.cancel("long") strategy.cancel("short") // Exit orders strategy.exit("long", "long", stop=stopLong, limit=targetLong, comment="Exit long") strategy.exit("short", "short", stop=stopShort, limit=targetShort, comment="Exit short") else countLong := 0 countShort := 0 // Trailing stop if useTrailingStop and inMarket if strategy.position_entry_name == "long" strategy.exit("long", "long", stop=stopLong, limit=plotTarget, comment="Exit long", when=stopLong > plotStop) plotStop := stopLong else strategy.exit("short", "short", stop=stopShort, limit=plotTarget, comment="Exit short", when=stopShort < plotStop) plotStop := stopShort // Plot exit plotCond(price) => inMarket ? price : inMarket[1] ? price[1] : na plot(plotCond(plotStop), "Stop loss", color.red, style=plot.style_linebr) plot(plotCond(plotTarget), "Target", color.teal, style=plot.style_linebr)

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  // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/ // © EduardoMattje   //@version=5 strategy("Steven Primo Bollinger Band", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=100, process_orders_on_close=true, max_labels_count=500)   // Constants var TRANSP = 5 var LONG = strategy.direction.long var SHORT = strategy.direction.short var ALL = strategy.direction.all var S_BOLLINGER = "Bollinger settings" var S_SETUP = "Setup settings"   // Inputs src = math.log(input.source(close, "Price source", group=S_BOLLINGER)) var bollingerLength = input.int(20, "Bollinger length", minval=3, group=S_BOLLINGER, inline=S_BOLLINGER) var mult = input.float(0.382, "Standard deviation", minval=0.0, step=0.1, group=S_BOLLINGER, inline=S_BOLLINGER)   var orderDirection = input.string(LONG, "Order direction", options=[LONG, SHORT, ALL], group=S_SETUP) var useTrailingStop = input.bool(false, "Use trailing stop", group=S_SETUP) var consecutiveCloses = input.int(5, "Consecutive closes for the setup", minval=1, group=S_SETUP, inline=S_SETUP) var extension = input.int(100, "Extension (%)", minval=100, group=S_SETUP, inline=S_SETUP) / 100.0   // Getting the BB [middle, upper, lower] = ta.bb(src, bollingerLength, mult) middle := math.exp(middle) upper := math.exp(upper) lower := math.exp(lower)   // Plotting the BB var colorAtTheLimits = color.new(color.yellow, TRANSP) var colorAtTheMiddle = color.new(color.blue, TRANSP)   plot(middle, "Middle band", colorAtTheMiddle, display=display.none) plot(upper, "Upper band", colorAtTheLimits) plot(lower, "Lower band", colorAtTheLimits)   // MA setup     // BB setup longComparison() => close >= upper shortComparison() => close <= lower   var countLong = 0 var countShort = 0   incCount(count, comparison) =>     if comparison         if count == 0 and comparison[1]             0         else             count + 1     else         0   countLong := incCount(countLong, longComparison()) countShort := incCount(countShort, shortComparison())   // Pivot setup pivotHigh = ta.pivothigh(1, 1) pivotLow = ta.pivotlow(1, 1)   pivotInRange(pivot, count) => ta.barssince(pivot) < count   pvHighInRange = pivotInRange(pivotHigh, countLong) pvLowInRange = pivotInRange(pivotLow, countShort)   // Entry price epLong = fixnan(pivotHigh) + syminfo.mintick epShort = fixnan(pivotLow) - syminfo.mintick   // Stop price getRange(currentPrice, pivot, cond, tickMod) =>     if cond         currentPrice     else         fixnan(pivot) + syminfo.mintick * tickMod   var stopLong = 0.0 var stopShort = 0.0   stopLong := epShort stopShort := epLong          // Target price getTarget(stopPrice, entryPrice) =>     totalTicks = (entryPrice - stopPrice) * extension     entryPrice + totalTicks   var targetLong = 0.0 var targetShort = 0.0   targetLong := getTarget(stopLong, epLong) targetShort := getTarget(stopShort, epShort)   // Entry condition canBuy = countLong >= consecutiveCloses and pvHighInRange and high < epLong canSell = countShort >= consecutiveCloses and pvLowInRange and low > epShort   // Entry orders inMarket = strategy.opentrades != 0   var plotTarget = 0.0 var plotStop = 0.0   strategy.risk.allow_entry_in(orderDirection)   if not inMarket     if canBuy         plotTarget := targetLong         plotStop := stopLong         strategy.entry("long", strategy.long, stop=epLong, comment="Entry long")     else if canSell         plotTarget := targetShort         plotStop := stopShort         strategy.entry("short", strategy.short, stop=epShort, comment="Entry short")     else         strategy.cancel("long")         strategy.cancel("short")              // Exit orders     strategy.exit("long", "long", stop=stopLong, limit=targetLong, comment="Exit long")     strategy.exit("short", "short", stop=stopShort, limit=targetShort, comment="Exit short") else     countLong := 0     countShort := 0   // Trailing stop if useTrailingStop and inMarket     if strategy.position_entry_name == "long"         strategy.exit("long", "long", stop=stopLong, limit=plotTarget, comment="Exit long", when=stopLong > plotStop)         plotStop := stopLong     else         strategy.exit("short", "short", stop=stopShort, limit=plotTarget, comment="Exit short", when=stopShort < plotStop)         plotStop := stopShort   // Plot exit plotCond(price) => inMarket ? price : inMarket[1] ? price[1] : na plot(plotCond(plotStop), "Stop loss", color.red, style=plot.style_linebr) plot(plotCond(plotTarget), "Target", color.teal, style=plot.style_linebr)

   

  

  Kole96

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  09/16/2022 at 8:38 PM #200910
  JS

  Hi @Kole96

  I tried to test the code but the indicator parameters are not included.

  If you want to share this information, please create an itf -file including the parameters

  

  JS

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  09/16/2022 at 8:39 PM #200911
  Kole96

  Thank you for your answer, but there is an itf file

   

  

  Kole96

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  09/16/2022 at 8:40 PM #200912
  JS

  Okay, sorry to my eyes… 😉

  

  JS

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  09/16/2022 at 8:42 PM #200913
  Kole96

  no problem

   

  

  Kole96

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  09/16/2022 at 9:00 PM #200914
  JS

  I was thinking, without immediately going very deep into your code…

  You probably know which variable(s) are causing the reset of your setup, when you check these variable(s) over the last 5 bars to make sure they are at the correct values, you can use that as an extra condition.

  If Signal = 0 and Signal[1] = 0 and Signal[2] = 0 and Signal[3] = 0 and Signal[4] = 0 then

  CheckReset = 1

  Else

  CheckReset = 0

  EndIf

  

  JS

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  09/16/2022 at 9:11 PM #200916
  Kole96

  I need to reset the setup to get a new trade, not like what is hapenning.

  like i wrote in the picture, we need to have only one trade after the Setup is built, we can have an another trade in the same direction only if we close another time under the Upper Bollinger, After we look again for the Setup.

  You can see from line 10-25 , i have the condition to have 5 closes above the BB Up, after if we close under the BB Up, the signal is reset (lastsig=0)

  i need the same thing for the order entry.

  

  Kole96

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  09/16/2022 at 9:40 PM #200918
  JS

  When it comes to order entry, can’t you check if you’ve been the last 5 bars “OnMarket”?

  

  JS

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  09/17/2022 at 7:24 AM #200922
  Kole96

  For example for the 5 closes, once we have 5 closes , we will have the number 5 writen under the 5th candles.

  we will have again the number 5 writen only if we close again under the Bollinger Up and then we will have a new set of 5 closes.

  Now for the trade is the same, we will have one trade if we have all the conditions, we can not enter a new trade if we didn’t close again under the Bollinger Up et have a new Setup formed.

  Here in this code, you see that if we get out from a trade after take profit, we enter again if we cross above a new pivothigh.

  That’s what I want to avoid, we can enter a new trade only if the Setup is Reset.

  Thank you

  

  Kole96

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  09/17/2022 at 10:46 AM #200930
  Kole96

  I think in “CANBUY” we have to add a condition that we have a new set of 5 Closes, it means that in the lines 151 when we exit a trade we need to put maybe that the signal=1 and “CANBUY” can be occur only if signal=0.

  That means that we already get one trade when all the conditions were met and now we wait for a new Setup to enter a new trade.

   

  

  Kole96

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  09/17/2022 at 12:38 PM #200935
  JS

  I tried to tell you that 🙂 , check if a trade has been executed in the last five bars (OnMarket).

  

  JS

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  09/17/2022 at 1:15 PM #200937
  Kole96

  It can not be exécuted in the first 5 bars, it has to get 5 bars and looking if we formed a pivot High in those 5 bars, if not, we wait for pivot High to form and we enter once we cross above this pivot high.

   

  

  Kole96

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