Getting Arrows on buy and sell indicator LARGER

• 07/25/2023 at 11:17 PM #218150
  grantmu

  Hi Everyone

   

  Have a trading system that I am working on and have the arrow up and arrow down working This is an indicator at the moment.

  So I have a few questions:

  How do I make the arrows much bigger??

  Is there a way to make the arrow occur further away from the candle stick. T0 get them out in the open. So this would be above or bellow the candle stick but 10 or so points away from the top or bottom of the candle and not directly on it.

  Is there a way to use the thumbs up or thumb’s down Icon like the one in the side bar in an indicator, (instead of the arrows as buy and sell points)

  I have tried the style command but that only seems to work on text (I think I am missing some sort of context, and cant find it in the manual)

  Kind of new to this and any help would be very much appreciated.

  drawarrowdown(barindex,trendup) coloured(“red”)

  This is what I currently have in the code.

   

  Grant Murray

  

  grantmu

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  07/26/2023 at 8:25 AM #218152
  robertogozzi

  Add (or subtract to plot it below) an offset to the price level:

  offset = average[100,0](range) drawarrowdown(barindex,trendup+offset) coloured(“red”)

  1 2	offset = average[100,0](range) drawarrowdown(barindex,trendup+offset) coloured(“red”)

   

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  grantmu

  

  robertogozzi

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  07/26/2023 at 8:37 AM #218155
  Nicolas

  You can use ASCII symbols with a DRAWTEXT, for example:

  drawtext("❤",barindex,low-averagetruerange[14]/2,dialog,bold,30) coloured("red")

  1	drawtext("❤",barindex,low-averagetruerange[14]/2,dialog,bold,30) coloured("red")

  many symbols available, some examples: https://www.piliapp.com/symbol/

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  Nicolas

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  07/26/2023 at 11:22 AM #218162
  grantmu

  thanks for the info will try this.

  GRANT

   

  

  grantmu

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  07/26/2023 at 11:45 AM #218165
  grantmu

  Hi Nic

  Thanks that is a good solution to the problem from both respondents.

  The program I have worked on is actually using your Magical indicator as the starting point. I have added a few more things to it in an effort to get a result followed within 1 candle of a confirmation of the result, so its kind of 2 indicators in 1. I have it working and am using it, what I am trying to do now is work out that you only change one setting and all the other settings are automatically changed so that you can custom fit both indicators. Learning a lot about writing these scripts in the process. Trying to get it to a point that I reduce the incorrect Buy Sells so that I can get it to a Back testing stage.  trying this on the 10 and 1 min time frames, works better on the 10 min at the moment.

  Do you have any code that will stop the indicator from looking at the late night time frames where there are very little inputs, this is on an index so at night from about 10 PM till 7PM there is almost no volume. I am trying to use a few average true range lines and measuring the distance between the lines, they get very close in Sidways or night moves.. I may be over complicating this a bit. So the idea is to not stop looking for the bigger moves that sometimes happen at night and rather get into the move slightly later but looking first at the average distance between the true range lines and then the distance that is seen now, if its above or below by a certain percentage the trade signal will be allowed.

  Your indicators that you have on the public space have taught me plenty about the coding. Thanks for the help and the posts you have put up its much appreciated/

  

  grantmu

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  07/26/2023 at 1:42 PM #218169
  JS

  Hi Grant,

  You can draw up a small code that takes into account the times and checks whether the ATR increases or decreases…

  You can then have a variable called “TradeOn” take a value of 1 or 0…

  You can then include this variable “TradeOn” in your decision to buy or sell…

  Check times and ATR

  ATR=AverageTrueRange[20](Close) If OpenTime>220000 or OpenTime<070000 and ATR<ATR[1]then TradeOn=0 Else TradeOn=1 EndIf Return TradeOn as "TradeOn"

  1 2 3 4 5 6 7

  ATR=AverageTrueRange[20](Close) If OpenTime>220000 or OpenTime<070000 and ATR<ATR[1]then TradeOn=0 Else TradeOn=1 EndIf Return TradeOn as "TradeOn"

  

  JS

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  07/26/2023 at 2:00 PM #218171
  grantmu

  Hi

  So what you have done in 7 lines my code used 25 and did not work very well. Will add this into my system and get some tests going.

  The Help is very much appreciated.

   

  Thanks

  Grant

   

   

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  JS

  

  grantmu

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