Halftrend Dmi indicator

• 10/23/2017 at 10:34 AM #49339
  LUCASSEN

  This i post a half year ago

  Here i have made a kind of MACD indicator from the halftrend indicator from the Great NICOLAS, after the improvement from him , I want to shared with everybody.
  The histogram is made from the difference of 2 HalfTrend indicator (one long and one short period), then a signal line, built with an average of 6 periods of the histogram values is added.

  This  was not the only one i made from the halftrend indicator,  i made another one, called halftrend Dmi indicator, but i was not sure of it was usebel, but after more observation , i decided to share it with everyone.

  The halftrend code is from Nicolas, like above, i changed it a littll bit 🙂

  Trades signals are the same like a normal DMI: long position when the HtDmiplus is crosses  HtDmimin and above the zero line, short  when the HtDmimin crosses  HtDmiplus and above the zero line. The color changing is a early warning , you can close the trade of look at the normal DMI of look at the Halftrend indi for conformation.
  Short signal when the HtDmimin crosses  HtDmiplus and HtDmimin is above the zero level
  Long signal when HtDmiplus is crosses  HtDmimin and above the zero level

  LOOK at COLOR CHANGING very important    !!!!!!!!!!!!!!!!

  Greetings to everyone and happy trading to all.  Lucassen

  //10.03.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //Amplitude1 = 2 //Amplitude2 = 6 //Amplitude3 = 30 // -- HL #1 lowpricei1 = Lowest[Amplitude1](low) highpricei1 = Highest[Amplitude1](high) lowma1 = average[Amplitude1](low) highma1 = average[Amplitude1](high) if barindex>Amplitude1 then if(nexttrend1=1) then maxlowprice1=Max(lowpricei1,maxlowprice1) if(highma1<maxlowprice1 and Close<Low[1]) then trend1=1.0 nexttrend1=0 minhighprice1=highpricei1 endif endif if(nexttrend1=0) then minhighprice1=Min(highpricei1,minhighprice1) if(lowma1>minhighprice1 and Close>High[1]) then trend1=0.0 nexttrend1=1 maxlowprice1=lowpricei1 endif endif if(trend1=0.0) then if(trend1[1]<>0.0) then up1=down1[1] else up1=Max(maxlowprice1,up1[1]) endif down1=0.0 else if(trend1[1]<>1.0) then down1=up1[1] else down1=Min(minhighprice1,down1[1]) endif up1=0.0 endif endif // -- HL #2 lowpricei2 = Lowest[Amplitude2](low) highpricei2 = Highest[Amplitude2](high) lowma2 = average[Amplitude2](low) highma2= average[Amplitude2](high) if barindex>Amplitude2 then if(nexttrend2=1) then maxlowprice2=Max(lowpricei2,maxlowprice2) if(highma2<maxlowprice2 and Close<Low[1]) then trend2=1.0 nexttrend2=0 minhighprice2=highpricei2 endif endif if(nexttrend2=0) then minhighprice2=Min(highpricei2,minhighprice2) if(lowma2>minhighprice2 and Close>High[1]) then trend2=0.0 nexttrend2=1 maxlowprice2=lowpricei2 endif endif if(trend2=0.0) then if(trend2[1]<>0.0) then up2=down2[1] else up2=Max(maxlowprice2,up2[1]) endif down2=0.0 else if(trend2[1]<>1.0) then down2=up2[1] else down2=Min(minhighprice2,down2[1]) endif up2=0.0 endif endif if up2>0 then halftrend2 = up2 else halftrend2 = down2 endif // -- HL #3 lowpricei3 = Lowest[Amplitude3](low) highpricei3 = Highest[Amplitude3](high) lowma3 = average[Amplitude3](low) highma3= average[Amplitude3](high) if barindex>Amplitude3 then if(nexttrend3=1) then maxlowprice3=Max(lowpricei3,maxlowprice3) if(highma3<maxlowprice3 and Close<Low[1]) then trend3=1.0 nexttrend3=0 minhighprice3=highpricei3 endif endif if(nexttrend3=0) then minhighprice3=Min(highpricei3,minhighprice3) if(lowma3>minhighprice3 and Close>High[1]) then trend3=0.0 nexttrend3=1 maxlowprice3=lowpricei3 endif endif if(trend3=0.0) then if(trend3[1]<>0.0) then up3=down3[1] else up3=Max(maxlowprice3,up3[1]) endif down3=0.0 else if(trend3[1]<>1.0) then down3=up3[1] else down3=Min(minhighprice3,down3[1]) endif up3=0.0 endif endif if up3>0 then halftrend3 = up3 else halftrend3 = down3 endif return (halftrend2 - halftrend3),average[6] (halftrend2 - halftrend3)

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  //10.03.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge   //Amplitude1 = 2 //Amplitude2 = 6 //Amplitude3 = 30   // -- HL #1 lowpricei1 = Lowest[Amplitude1](low) highpricei1 = Highest[Amplitude1](high) lowma1 = average[Amplitude1](low) highma1 = average[Amplitude1](high)   if barindex>Amplitude1 then   if(nexttrend1=1) then   maxlowprice1=Max(lowpricei1,maxlowprice1)   if(highma1<maxlowprice1 and Close<Low[1]) then trend1=1.0 nexttrend1=0 minhighprice1=highpricei1 endif   endif   if(nexttrend1=0) then   minhighprice1=Min(highpricei1,minhighprice1)   if(lowma1>minhighprice1 and Close>High[1]) then trend1=0.0 nexttrend1=1 maxlowprice1=lowpricei1 endif   endif   if(trend1=0.0) then   if(trend1[1]<>0.0) then up1=down1[1] else up1=Max(maxlowprice1,up1[1]) endif down1=0.0   else   if(trend1[1]<>1.0) then down1=up1[1] else down1=Min(minhighprice1,down1[1]) endif up1=0.0 endif   endif   // -- HL #2 lowpricei2 = Lowest[Amplitude2](low) highpricei2 = Highest[Amplitude2](high) lowma2 = average[Amplitude2](low) highma2= average[Amplitude2](high)   if barindex>Amplitude2 then   if(nexttrend2=1) then   maxlowprice2=Max(lowpricei2,maxlowprice2)   if(highma2<maxlowprice2 and Close<Low[1]) then trend2=1.0 nexttrend2=0 minhighprice2=highpricei2 endif   endif   if(nexttrend2=0) then   minhighprice2=Min(highpricei2,minhighprice2)   if(lowma2>minhighprice2 and Close>High[1]) then trend2=0.0 nexttrend2=1 maxlowprice2=lowpricei2 endif   endif   if(trend2=0.0) then   if(trend2[1]<>0.0) then up2=down2[1] else up2=Max(maxlowprice2,up2[1]) endif down2=0.0   else   if(trend2[1]<>1.0) then down2=up2[1] else down2=Min(minhighprice2,down2[1]) endif up2=0.0 endif   endif   if up2>0 then halftrend2 = up2   else halftrend2 = down2   endif   // -- HL #3 lowpricei3 = Lowest[Amplitude3](low) highpricei3 = Highest[Amplitude3](high) lowma3 = average[Amplitude3](low) highma3= average[Amplitude3](high)   if barindex>Amplitude3 then   if(nexttrend3=1) then   maxlowprice3=Max(lowpricei3,maxlowprice3)   if(highma3<maxlowprice3 and Close<Low[1]) then trend3=1.0 nexttrend3=0 minhighprice3=highpricei3 endif   endif   if(nexttrend3=0) then   minhighprice3=Min(highpricei3,minhighprice3)   if(lowma3>minhighprice3 and Close>High[1]) then trend3=0.0 nexttrend3=1 maxlowprice3=lowpricei3 endif   endif   if(trend3=0.0) then   if(trend3[1]<>0.0) then up3=down3[1] else up3=Max(maxlowprice3,up3[1]) endif down3=0.0   else   if(trend3[1]<>1.0) then down3=up3[1] else down3=Min(minhighprice3,down3[1]) endif up3=0.0 endif   endif   if up3>0 then halftrend3 = up3 else halftrend3 = down3   endif   return (halftrend2 - halftrend3),average[6] (halftrend2 - halftrend3)

   

  

  LUCASSEN

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  10/30/2017 at 11:23 AM #50917
  Nicolas

  Thanks LUCASSEN, but the code you shared is the same as the Half Trend MACD you already shared with us, this one is not the code of DMI made from HalfTrend?!

  

  Nicolas

  Keymaster

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