Swinglines

• 04/25/2019 at 4:10 PM #97140
  Lighthouse

  I am trying to build an indicator as shown in this screenshot from youtube.

  This gentleman is Ira Epstein and posts his end of day financial videos on YouTube.

  The indicator I am referring is a swingline (the one in gold color that connects highs and lows in the screenshot).

  I would like to see what is the low and the high let’s say 50 bars ago, and check each following bar at a time looking for:

  • higher highs
  • lower lows
  • inside days
  • outside days up
  • outside days down

  (which he mentions here https://www.youtube.com/watch?v=CVrfDOVKLlE ) and connect the points to be connected.

  The original indicator is copyrighed but I am only trying to replicate it looking at his videos and listening what he said.

  Could some good soul please post a simple code to connect all the lows in a chart from, let’s say, 50 bars ago?

  I need this simple kick-off because I can’t understand how “drawsegment” works in practice.

   

  

  Lighthouse

  Participant

  Topics: 15

  Replies: 32

  Been thanked: 14 times
  04/25/2019 at 4:34 PM #97144
  robertogozzi

  N = 50 For i = N DownTo 1 DRAWSEGMENT(barindex[i],low[i],barindex[i-1],low[i-1])coloured(0,128,0,255) Next Return

  1 2 3 4 5

  N = 50 For i = N DownTo 1    DRAWSEGMENT(barindex[i],low[i],barindex[i-1],low[i-1])coloured(0,128,0,255) Next Return

  Not tested.

  1 user thanked author for this post.

  Lighthouse

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17142

  Been thanked: 4032 times
  04/25/2019 at 7:54 PM #97160
  Lighthouse

  Thanks

  This is the indicator I thought.

  The original one is proprietary to Ira Epstein, and I tried only to replicate it looking at his charts posted on youtube videos and trying to understand the logic in which he combined the data.

  Surely it has some flaws but it seems to work the way I wanted.

  Let’s call it a Beta version

  PS

  
  @Roberto/Nicolas

  Could you please modify the title of this thread to “Swinglines”? In case one tries to search it.

  Swinglines

  //Swing Lines (from an idea by Ira Epstein) HH=high[0]>high[1] AND low[0]>low[1] LL=high[0]<high[1] AND low[0]<low[1] ID=high[0]<=high[1] AND low[0]>=low[1] ODU=high[0]>high[1] AND low[0]<low[1] AND close[0]>open[0] ODD=high[0]>=high[1] AND low[0]<=low[1] AND close[0]<open[0] //higher highs higher lows if HH then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=1 //lower highs lower lows elsif LL then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=0 //inside day elsif ID then //if after uptrend if flag=1 OR flag=3 or flag=4 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=4 //if after downtrend elsif flag=0 OR flag=2 or flag=5 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=5 endif //outside day up elsif ODU then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=2 //outside day down elsif ODD then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=3 else 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 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

  //Swing Lines (from an idea by Ira Epstein)   HH=high[0]>high[1] AND low[0]>low[1] LL=high[0]<high[1] AND low[0]<low[1] ID=high[0]<=high[1] AND low[0]>=low[1] ODU=high[0]>high[1] AND low[0]<low[1] AND close[0]>open[0] ODD=high[0]>=high[1] AND low[0]<=low[1] AND close[0]<open[0]   //higher highs higher lows if HH then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=1   //lower highs lower lows elsif LL then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=0   //inside day elsif ID then //if after uptrend if flag=1 OR flag=3 or flag=4 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=4 //if after downtrend elsif flag=0 OR flag=2 or flag=5 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=5 endif   //outside day up elsif ODU then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=2   //outside day down elsif ODD then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=3 else   endif   Return

   

  1 user thanked author for this post.

  robertogozzi

  

  Lighthouse

  Participant

  Topics: 15

  Replies: 32

  Been thanked: 14 times
  04/25/2019 at 8:49 PM #97167
  GraHal

  Above code added to here

  Snippet Link Library

  1 user thanked author for this post.

  Lighthouse

  

  GraHal

  Participant

  Topics: 212

  Replies: 8789

  Been thanked: 2188 times
  04/28/2019 at 4:51 PM #97307
  Lighthouse

  Some changes (for sake of completeness).

  There are some things that still don’t convince me looking at Ira’s videos

  Inside days seem always  to revert the swinglines

  Outside days seem always to bring the swing line to the side of the bar where the opening is.

  That’s the pattern that seems to appear.

  If some guy (joining his courses) can be more clear and post here what’s the real “thing”, he will be appreciated (without disclosing proprietary informations).

  By now it seems the indicator I built replicates 99% of the times Ira’s one.

  All credits to Ira of course 🙂

   

  Swinglines

  //Swing Lines (from an idea by Ira Epstein) HH=high[0]>high[1] AND low[0]>=low[1] LL=high[0]<=high[1] AND low[0]<low[1] ID=high[0]<=high[1] AND low[0]>=low[1] ODU=high[0]>high[1] AND low[0]<low[1] AND close[0]>open[0] ODD=high[0]>high[1] AND low[0]<low[1] AND close[0]<open[0] DOJI=high[0]>high[1] AND low[0]<low[1] AND close[0]=open[0] //higher highs higher lows if HH then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=1 //lower highs lower lows elsif LL then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=0 //inside day elsif ID then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=4 //if after downtrend elsif flag=0 OR flag=2 OR flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=5 endif //outside day up elsif ODU then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=2 //outside day down elsif ODD then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=3 //outside day doji elsif DOJI then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=6 //if after downtrend elsif flag=0 OR flag=2 or flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=7 endif 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 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

  //Swing Lines (from an idea by Ira Epstein)   HH=high[0]>high[1] AND low[0]>=low[1] LL=high[0]<=high[1] AND low[0]<low[1] ID=high[0]<=high[1] AND low[0]>=low[1] ODU=high[0]>high[1] AND low[0]<low[1] AND close[0]>open[0] ODD=high[0]>high[1] AND low[0]<low[1] AND close[0]<open[0] DOJI=high[0]>high[1] AND low[0]<low[1] AND close[0]=open[0]   //higher highs higher lows if HH then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=1   //lower highs lower lows elsif LL then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=0   //inside day elsif ID then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=4 //if after downtrend elsif flag=0 OR flag=2 OR flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=5 endif   //outside day up elsif ODU then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=2   //outside day down elsif ODD then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=3   //outside day doji elsif DOJI then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=6 //if after downtrend elsif flag=0 OR flag=2 or flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=7 endif   endif   Return

   

  1 user thanked author for this post.

  GraHal

  

  Lighthouse

  Participant

  Topics: 15

  Replies: 32

  Been thanked: 14 times
  05/23/2019 at 5:42 PM #99264
  Lighthouse

  Version 2.0

  I changed the way Outside Days are treated because Swinglines didn’t replicate 100% what I see in Ira’s Youtube videos

  It “seems” to me that in those cases the close of the day before is compared with the close of the current day

  Swing Lines 2.0

  //Swing Lines 2.0 (from an idea by Ira Epstein) HH=high[0]>high[1] AND low[0]>=low[1] LL=high[0]<=high[1] AND low[0]<low[1] ID=high[0]<=high[1] AND low[0]>=low[1] ODU=high[0]>high[1] AND low[0]<low[1] AND close[0]>open[0] ODD=high[0]>high[1] AND low[0]<low[1] AND close[0]<open[0] DOJI=high[0]>high[1] AND low[0]<low[1] AND close[0]=open[0] //higher highs higher lows if HH then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=1 //lower highs lower lows elsif LL then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=0 //inside day elsif ID then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=4 //if after downtrend elsif flag=0 OR flag=2 OR flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=5 endif //outside day up down or doji and close1<close0 elsif (ODU or ODD or DOJI) AND close[1]<close[0] then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=2 //outside day up down or doji and close1>close0 elsif (ODU or ODD or DOJI) AND close[1]>close[0] then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=3 //outside day up down or doji and close1=close0 elsif (ODU or ODD or DOJI) AND close[1]=close[0] then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=6 //if after downtrend elsif flag=0 OR flag=2 or flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=7 endif 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 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

  //Swing Lines 2.0 (from an idea by Ira Epstein)   HH=high[0]>high[1] AND low[0]>=low[1] LL=high[0]<=high[1] AND low[0]<low[1] ID=high[0]<=high[1] AND low[0]>=low[1] ODU=high[0]>high[1] AND low[0]<low[1] AND close[0]>open[0] ODD=high[0]>high[1] AND low[0]<low[1] AND close[0]<open[0] DOJI=high[0]>high[1] AND low[0]<low[1] AND close[0]=open[0]   //higher highs higher lows if HH then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=1   //lower highs lower lows elsif LL then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=0   //inside day elsif ID then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=4 //if after downtrend elsif flag=0 OR flag=2 OR flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=5 endif   //outside day up down or doji and close1<close0 elsif (ODU or ODD or DOJI) AND  close[1]<close[0] then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=2   //outside day up down or doji and close1>close0 elsif (ODU or ODD or DOJI) AND  close[1]>close[0] then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=3   //outside day up down or doji and close1=close0 elsif (ODU or ODD or DOJI) AND  close[1]=close[0] then //if after uptrend if flag=1 OR flag=3 OR flag=5 OR flag=7 then DRAWSEGMENT(x1,y1,barindex[0],low[0])coloured(0,0,0) x1=barindex[0] y1=low[0] flag=6 //if after downtrend elsif flag=0 OR flag=2 or flag=4 OR flag=6 then DRAWSEGMENT(x1,y1,barindex[0],high[0])coloured(0,0,0) x1=barindex[0] y1=high[0] flag=7 endif   endif   Return

   

  1 user thanked author for this post.

  GraHal

  

  Lighthouse

  Participant

  Topics: 15

  Replies: 32

  Been thanked: 14 times
  03/20/2021 at 4:57 PM #164757
  airgb58

  Hello Ciccio, been following your posts for a few months now because I found you while I was looking for a swing line indicator for my Thinkorswim platform.  I am not familiar with the ProRealTime platform you use but it looks similar to mine.  I have been looking for a person to make me an indicator (like you have done here) that would work on TOS, however I have been unable to find anyone that’s interested in making me one.  My question to you would you consider making me an indicator just like the one you have here that will work on Thinkorswim?  Thanks for looking.

  airgb58

  

  airgb58

  Participant

  Topics: 0

  Replies: 1

  Been thanked: 0 times
  03/20/2021 at 5:35 PM #164759
  Lighthouse

  Unfortunately I don’t know Thinkorswim, so I cannot help you.
  Let’s hope someone else can help you in this matter 🙂

  

  Lighthouse

  Participant

  Topics: 15

  Replies: 32

  Been thanked: 14 times
  03/20/2021 at 5:38 PM #164760
  robertogozzi

  @airgb58

  Sorry, but this forum is devoted to ProRealTime only, so we can freely convert any code TO ProRealTime, not the other way round.

  You can apply for paid services at https://www.prorealcode.com/trading-programming-services/, but I don’t know if they can do it.

   

   

  1 user thanked author for this post.

  Lighthouse

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17142

  Been thanked: 4032 times
• Author
  Posts