Draw rectangle in the future – SMC

• 11/06/2022 at 6:17 PM #203681
  Khaled

  Hello, based on the Smart Money Concept, I would like to draw the Premium/Equilibrium/Discount zones on a Weekly, Daily, H4 and H1 basis, all displayed on a H1 chart (200 units).

  With the indicator below, added Weekly, Daily, H4 and H1 on the same chart, I can see the weekly zones only when I display 50k units, which will slow the plateforme during trading hours.

  The weekly Premium zone is around 4800pts and the Weekly Equilibrium zone is around 3500pts, which are not drawn on the H1 chart (200 units – graph2).

  Is there a way to have all these zones on the H1 chart?

  Thanks

  //DEFPARAM CALCULATEONLASTBARS = 1000 //defparam drawonlastbaronly=true TIMEFRAME(WEEKLY) HiWeekly = highest[200](high) + 20 LoWeekly = lowest[200](low) - 20 TIMEFRAME(Weekly) //---external parameters cp = 20 once lastpoint = 0 ATR = averagetruerange[cp] //---major zigzag points if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH = 0 endif if low[cp] <= lowest[2*cp+1](low) then LL = -1 else LL = 0 endif if LH = 1 then TOPy = high[cp] TOPx = barindex[cp] endif if LL = -1 then BOTy = low[cp] BOTx = barindex[cp] endif //---mino zigzag points if high[round(cp/2)] >= highest[cp+1](high) then LLH = 1 else LLH = 0 endif // if low[round(cp/2)] <= lowest[cp+1](low) then LLL = -1 else LLL = 0 endif // if LLH = 1 then LTOPy = high[round(cp/2)] LTOPx = barindex[round(cp/2)] endif // if LLL = -1 then LBOTy = low[round(cp/2)] LBOTx = barindex[round(cp/2)] endif // ///////// //if LH>0 and (lastpoint=-1 or lastpoint=0) then //DRAWTEXT("▼",TOPx,TOPy+ATR/2,Monospaced,Bold,20) coloured(200,0,0,255) //lastpoint = 1 //endif //if LLH>0 then //DRAWTEXT("▽",LTOPx,LTOPy+ATR,Dialog,Bold,14) coloured(200,0,0,255) //endif //if LL<0 and (lastpoint=1 or lastpoint=0) then //DRAWTEXT("▲",BOTx,BOTy-ATR/2,Monospaced,Bold,20) coloured(0,200,0,255) //lastpoint = -1 //endif //if LLL<0 then //DRAWTEXT("△",LBOTx,LBOTy-ATR,Dialog,Bold,14) coloured(0,200,0,255) //endif /////////// // Definition Premium Zone PremPointH = max(TOPy,LTOPy) PremPointL = PremPointH -tr/3 PremiumTextPoint = (PremPointH+PremPointL)/2 // Definition Discount Zone DiscountPointL = min(BOTy,LBOTy) DiscountPointH = DiscountPointL +tr/3 DiscountTextPoint = (DiscountPointH+DiscountPointL)/2 // Definition Equilibrium Zone EquiPoint = (PremPointH+DiscountPointL)/2 EquiPointH = EquiPoint + tr/4 EquiPointL = EquiPoint - tr/4 EquiTextPoint = EquiPoint StartBox = min(TOPx-cp,BOTx-cp) TextBar = (barindex+20000 + StartBox)/2 if IsLastBarUpdate then DRAWRECTANGLE(StartBox, PremPointL, barindex+200000, PremPointH)coloured(200,0,0,50)bordercolor(200,0,0,255) DRAWTEXT("Premium Weekly", TextBar, PremiumTextPoint)coloured(200,0,0,255) DRAWRECTANGLE(StartBox, DiscountPointH, barindex+200000, DiscountPointL)coloured(0,200,0,50)bordercolor(0,200,0,255) DRAWTEXT("Discount Weekly", TextBar, DiscountTextPoint)coloured(0,200,0,255) DRAWRECTANGLE(StartBox, EquiPointH, barindex+200000, EquiPointL)coloured(128,128,128,50)bordercolor(128,128,128,255) DRAWTEXT("Equilibrium Weekly", TextBar, EquiTextPoint)coloured(128,128,128,255) endif RETURN HiWeekly,LoWeekly

  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 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114

  //DEFPARAM CALCULATEONLASTBARS = 1000 //defparam drawonlastbaronly=true   TIMEFRAME(WEEKLY) HiWeekly = highest[200](high) + 20 LoWeekly = lowest[200](low) - 20     TIMEFRAME(Weekly) //---external parameters cp = 20   once lastpoint = 0 ATR = averagetruerange[cp]   //---major zigzag points if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH = 0 endif   if low[cp] <= lowest[2*cp+1](low)  then LL = -1 else LL = 0 endif   if LH = 1 then TOPy = high[cp] TOPx = barindex[cp] endif   if LL = -1 then BOTy = low[cp] BOTx = barindex[cp] endif     //---mino zigzag points if high[round(cp/2)] >= highest[cp+1](high) then LLH = 1 else LLH = 0 endif // if low[round(cp/2)] <= lowest[cp+1](low)  then LLL = -1 else LLL = 0 endif // if LLH = 1 then LTOPy = high[round(cp/2)] LTOPx = barindex[round(cp/2)] endif // if LLL = -1 then LBOTy = low[round(cp/2)] LBOTx = barindex[round(cp/2)] endif //       ///////// //if LH>0 and (lastpoint=-1 or lastpoint=0) then //DRAWTEXT("▼",TOPx,TOPy+ATR/2,Monospaced,Bold,20) coloured(200,0,0,255) //lastpoint = 1 //endif //if LLH>0 then //DRAWTEXT("▽",LTOPx,LTOPy+ATR,Dialog,Bold,14) coloured(200,0,0,255) //endif //if LL<0 and (lastpoint=1 or lastpoint=0) then //DRAWTEXT("▲",BOTx,BOTy-ATR/2,Monospaced,Bold,20) coloured(0,200,0,255) //lastpoint = -1 //endif //if LLL<0 then //DRAWTEXT("△",LBOTx,LBOTy-ATR,Dialog,Bold,14) coloured(0,200,0,255) //endif ///////////   // Definition Premium Zone PremPointH = max(TOPy,LTOPy) PremPointL = PremPointH -tr/3 PremiumTextPoint = (PremPointH+PremPointL)/2   // Definition Discount Zone DiscountPointL = min(BOTy,LBOTy) DiscountPointH = DiscountPointL +tr/3 DiscountTextPoint = (DiscountPointH+DiscountPointL)/2   // Definition Equilibrium Zone EquiPoint = (PremPointH+DiscountPointL)/2 EquiPointH = EquiPoint + tr/4 EquiPointL = EquiPoint - tr/4 EquiTextPoint = EquiPoint   StartBox = min(TOPx-cp,BOTx-cp) TextBar = (barindex+20000 + StartBox)/2   if IsLastBarUpdate then DRAWRECTANGLE(StartBox, PremPointL, barindex+200000, PremPointH)coloured(200,0,0,50)bordercolor(200,0,0,255) DRAWTEXT("Premium Weekly", TextBar, PremiumTextPoint)coloured(200,0,0,255)   DRAWRECTANGLE(StartBox, DiscountPointH, barindex+200000, DiscountPointL)coloured(0,200,0,50)bordercolor(0,200,0,255) DRAWTEXT("Discount Weekly", TextBar, DiscountTextPoint)coloured(0,200,0,255)   DRAWRECTANGLE(StartBox, EquiPointH, barindex+200000, EquiPointL)coloured(128,128,128,50)bordercolor(128,128,128,255) DRAWTEXT("Equilibrium Weekly", TextBar, EquiTextPoint)coloured(128,128,128,255)   endif   RETURN HiWeekly,LoWeekly

   

   

  

  Khaled

  Participant

  Topics: 59

  Replies: 314

  Been thanked: 65 times
  11/06/2022 at 7:14 PM #203684
  fifi743

  it is necessary to put many many units

  1 user thanked author for this post.

  Khaled

  

  fifi743

  Participant

  Topics: 10

  Replies: 905

  Been thanked: 420 times
• Author
  Posts