Correction And Surge Indicator

• 01/10/2018 at 12:07 PM #58818
  Ivan Donatiello

  Hello everyone Ivan Here,

  I am studying Kirk Northington’s book “Volatility-Based Technical Analysis: Strategies for Trading the Invisible” 2009 USA.

  I am intrigued about an indicator called Correction And Surge.
  

  The indicator is used for the stock exchange and indices. The formula is simple.

  For the Correction:

  Correction = downhill Stock Exchange / Moving Average (Total stock in index)

  due Total stock in index is = (uphill stock exchange + downhill stock exchange + stock exchange unchanged)

   

  
  For the Surge:

  Surge  = uphill Stock Exchange / Moving Average (Total stock in index)

  due Total stock in index is = (uphill stock exchange + downhill stock exchange + stock exchange unchanged)

   

  The calculation should not be difficult, in theory it should come out a ratio that goes from 0 to 1. However I have no idea how to recall the data in the Probuilder programming.

  It would be a good idea to have the drawings showing the Correction or Surge signal come out on the chart. The indicator must be able to work both on the stock exchange and indices.

  If necessary, I have the code for TradeStation.

  Thanks a lot if we can program this is good for everyone 🙂

   

  

  Ivan Donatiello

  Participant

  Topics: 10

  Replies: 25

  Been thanked: 2 times
  01/11/2018 at 1:50 PM #59053
  Nicolas

  Not possible to code this indicator, because ProBuilder don’t have any multi instruments capability, sorry.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  01/13/2018 at 3:09 AM #59317
  Ivan Donatiello

  Then we can engage ourselves to identify this signal in a similar way.

  For example, we could quantify in% the range between the opening and closing price, evaluate it in some way to find the bull or bear correction thrust.

  I take a pen and paper and try to pull down an equation 🙂

  

  Ivan Donatiello

  Participant

  Topics: 10

  Replies: 25

  Been thanked: 2 times
  01/13/2018 at 4:23 AM #59319
  Ivan Donatiello

  In this formula I thought of a simple principle, that is the summation of the last n periods, to frame the anomalous cases of volatility that may indicate volumes in correction. Then I looked for a multiplier of the sum of the ranges to differentiate between short and long cases, everyone will do the backtests to get the data.

  FORMULA = (Sum N Range / N) * Multiplier

  The short and long cases have been differentiated.

  Here is the code, but it would be nice to tell the program not to show further signs in N days later. Example: After the signal do not give other signals for 5 days.

  It can be done ? 🙂
  

  Correction and Surge Indicator v.1

  //https://www.prorealcode.com/topic/volatility-support-resistance-indicator/ //Ivan @ prorealcode.com //periods definition period = 20 //Rules Definition x1 = range > (summation[period](range)/period)*1.2 AND Open < Close x2 = range > (summation[period](range)/period)*1.5 AND Open > Close //bull signal text if x1 then DRAWTEXT("Bull", barindex, low-40, Dialog, Bold, 12) COLOURED(10,255,10,255) endif //bear signal text if x2 then DRAWTEXT("Bear", barindex, high+40, Dialog, Bold, 12) COLOURED(255,10,10,255) endif //bull signal arrow if x1 then DRAWARROWUP(barindex,LOW-10)coloured(10,255,10) endif //bear signal arrow if x2 then DRAWARROWDOWN(barindex,high+10)coloured(255,10,10) endif return

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33

  //https://www.prorealcode.com/topic/volatility-support-resistance-indicator/ //Ivan @ prorealcode.com   //periods definition period = 20   //Rules Definition x1 = range > (summation[period](range)/period)*1.2 AND Open < Close x2 = range > (summation[period](range)/period)*1.5 AND Open > Close   //bull signal text if x1 then DRAWTEXT("Bull", barindex, low-40, Dialog, Bold, 12) COLOURED(10,255,10,255) endif   //bear signal text   if x2 then DRAWTEXT("Bear", barindex, high+40, Dialog, Bold, 12) COLOURED(255,10,10,255) endif   //bull signal arrow if x1 then DRAWARROWUP(barindex,LOW-10)coloured(10,255,10) endif   //bear signal arrow if x2 then DRAWARROWDOWN(barindex,high+10)coloured(255,10,10) endif return

   

  1 user thanked author for this post.

  Nicolas

  

  Ivan Donatiello

  Participant

  Topics: 10

  Replies: 25

  Been thanked: 2 times
  01/13/2018 at 8:31 AM #59320
  Nicolas

  Good idea, please post some pictures examples if you can. Would engage more people. Have a nice weekend.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
  01/13/2018 at 1:35 PM #59346
  Ivan Donatiello

  The indicator at present is as shown in the attached picture.

  You need to add at least one filter, which says:

  – Once the signal occurs, do not give other signals for the next n (for exalple 5 foolowing days) following days.

  Let’s start with this, to finish the first version then I have some ideas to improve it again.

  Thanks and have a nice weekend everyone 🙂

  1 user thanked author for this post.

  Nicolas

  

  Ivan Donatiello

  Participant

  Topics: 10

  Replies: 25

  Been thanked: 2 times
  01/13/2018 at 3:04 PM #59354
  Nicolas

  Ivan Donatiello wrote:

  Once the signal occurs, do not give other signals for the next n (for exalple 5 foolowing days) following days.

  Ok, let’s do it:

  //https://www.prorealcode.com/topic/volatility-support-resistance-indicator/ //Ivan @ prorealcode.com //periods definition period = 20 //Rules Definition x1 = range > (summation[period](range)/period)*1.2 AND Open < Close x2 = range > (summation[period](range)/period)*1.5 AND Open > Close //bull signal text if x1 and barindex-lastx1bar>=5 then DRAWTEXT("Bull", barindex, low-40, Dialog, Bold, 12) COLOURED(10,255,10,255) DRAWARROWUP(barindex,LOW-10)coloured(10,255,10) lastx1bar = barindex endif //bear signal if x2 and barindex-lastx2bar>=5 then DRAWTEXT("Bear", barindex, high+40, Dialog, Bold, 12) COLOURED(255,10,10,255) DRAWARROWDOWN(barindex,high+10)coloured(255,10,10) lastx2bar = barindex endif return

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

  //https://www.prorealcode.com/topic/volatility-support-resistance-indicator/ //Ivan @ prorealcode.com   //periods definition period = 20   //Rules Definition x1 = range > (summation[period](range)/period)*1.2 AND Open < Close x2 = range > (summation[period](range)/period)*1.5 AND Open > Close   //bull signal text if x1 and barindex-lastx1bar>=5 then DRAWTEXT("Bull", barindex, low-40, Dialog, Bold, 12) COLOURED(10,255,10,255) DRAWARROWUP(barindex,LOW-10)coloured(10,255,10) lastx1bar = barindex endif   //bear signal if x2 and barindex-lastx2bar>=5 then DRAWTEXT("Bear", barindex, high+40, Dialog, Bold, 12) COLOURED(255,10,10,255) DRAWARROWDOWN(barindex,high+10)coloured(255,10,10) lastx2bar = barindex endif   return

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4773 times
• Author
  Posts