Help with heikin ashi Algo please

• 09/18/2024 at 4:08 PM #237787
  @AlgoHunter1

  Hi there,

  I wondered if I could have some help coding an algo idea that I have,  I’m trying to get PRT to take a trade on the open of the red candle (with the red arrow) on the attached.

  This is the trade entry criteria for the order;

  For a short
  Close < VWAP

  close < close[1]
  close[1] > close[2]
  close[2] > close[3]
  Open = High (No wick on top of candle)

  Stop = High[1]
  Target = 2 x Stop

  Any help would be greatly appreciated.

  AH

  

  @AlgoHunter1

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  09/18/2024 at 4:57 PM #237792
  robertogozzi

  Your screenshot doesn’t seem to have HA candlesticks plotted?

  Here is the code using HA candlesticks:

  once xOpen = open xClose = (open + close + high + low) / 4 if barindex > 0 then xOpen = (xOpen[1] + xClose[1]) / 2 endif //xLow = min(low,min(xClose,xOpen)) xHigh = max(high,max(xClose,xOpen)) myVWAP, my1, my11, my2, my21, my3, my31 = CALL "VWAP - SMF" c1 = xClose < myVwap c2 = xClose < xClose[1] c3 = xClose[1] > xClose[2] c4 = xClose[2] > xClose[3] c5 = xOpen = xHigh Cond = c1 AND c2 AND c3 AND c4 AND c5 AND Not OnMarket SL = xHigh[1] TP = SL * 2 IF Cond THEN SELLSHORT 1 CONTRACT AT MARKET SET STOP PRICE SL SET TARGET PRICE TP ENDIF

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  once xOpen = open xClose     = (open + close + high + low) / 4 if barindex > 0 then    xOpen   = (xOpen[1] + xClose[1]) / 2 endif //xLow     = min(low,min(xClose,xOpen)) xHigh      = max(high,max(xClose,xOpen)) myVWAP, my1, my11, my2, my21, my3, my31 = CALL "VWAP - SMF" c1 = xClose < myVwap c2 = xClose < xClose[1] c3 = xClose[1] > xClose[2] c4 = xClose[2] > xClose[3] c5 = xOpen = xHigh Cond = c1 AND c2 AND c3 AND c4 AND c5 AND Not OnMarket SL = xHigh[1] TP = SL * 2 IF Cond THEN    SELLSHORT 1 CONTRACT AT MARKET    SET STOP   PRICE SL    SET TARGET PRICE TP ENDIF

  

  robertogozzi

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  09/18/2024 at 6:52 PM #237795
  MaoRai54

  @Roberto

  could we kindly have also the opposite in order to send a BUY order ?

  many thanks in advance

  

  MaoRai54

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  09/19/2024 at 9:43 AM #237808
  robertogozzi

  First of all I noticed a bug in the code, regarding the TP calculations. This is the amended code:

  once xOpen = open xClose = (open + close + high + low) / 4 if barindex > 0 then xOpen = (xOpen[1] + xClose[1]) / 2 endif //xLow = min(low,min(xClose,xOpen)) xHigh = max(high,max(xClose,xOpen)) myVWAP, my1, my11, my2, my21, my3, my31 = CALL "VWAP - SMF" c1 = xClose < myVwap c2 = xClose < xClose[1] c3 = xClose[1] > xClose[2] c4 = xClose[2] > xClose[3] c5 = xOpen = xHigh Cond = c1 AND c2 AND c3 AND c4 AND c5 AND Not OnMarket SL = xHigh[1] TP = xClose - (abs(xClose - SL) * 2) IF Cond THEN SELLSHORT 1 CONTRACT AT MARKET SET STOP PRICE SL SET TARGET PRICE TP ENDIF

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  once xOpen = open xClose     = (open + close + high + low) / 4 if barindex > 0 then    xOpen   = (xOpen[1] + xClose[1]) / 2 endif //xLow     = min(low,min(xClose,xOpen)) xHigh      = max(high,max(xClose,xOpen)) myVWAP, my1, my11, my2, my21, my3, my31 = CALL "VWAP - SMF" c1 = xClose < myVwap c2 = xClose < xClose[1] c3 = xClose[1] > xClose[2] c4 = xClose[2] > xClose[3] c5 = xOpen = xHigh Cond = c1 AND c2 AND c3 AND c4 AND c5 AND Not OnMarket SL = xHigh[1] TP = xClose - (abs(xClose - SL) * 2) IF Cond THEN    SELLSHORT 1 CONTRACT AT MARKET    SET STOP   PRICE SL    SET TARGET PRICE TP ENDIF

  then here is the code with both entries:

  once xOpen = open xClose = (open + close + high + low) / 4 if barindex > 0 then xOpen = (xOpen[1] + xClose[1]) / 2 endif xLow = min(low,min(xClose,xOpen)) xHigh = max(high,max(xClose,xOpen)) myVWAP, my1, my11, my2, my21, my3, my31 = CALL "VWAP - SMF" // b1 = xClose > myVwap b2 = xClose > xClose[1] b3 = xClose[1] < xClose[2] b4 = xClose[2] < xClose[3] b5 = (xOpen = xLow) // c1 = xClose < myVwap c2 = xClose < xClose[1] c3 = xClose[1] > xClose[2] c4 = xClose[2] > xClose[3] c5 = (xOpen = xHigh) // CondB = b1 AND b2 AND b3 AND b4 AND b5 AND Not OnMarket //LongOnMarket for S&R CondC = c1 AND c2 AND c3 AND c4 AND c5 AND Not OnMarket //ShortOnMarket for S&R // IF CondB THEN BUY 1 CONTRACT AT MARKET SL = xLow[1] TP = xClose + (abs(xClose - SL) * 2) SET STOP PRICE SL SET TARGET PRICE TP ENDIF // IF CondC THEN SELLSHORT 1 CONTRACT AT MARKET SL = xHigh[1] TP = xClose - (abs(xClose - SL) * 2) SET STOP PRICE SL SET TARGET PRICE TP ENDIF //graphonprice SL coloured("Red") //graphonprice TP coloured("Blue")

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  once xOpen = open xClose     = (open + close + high + low) / 4 if barindex > 0 then    xOpen   = (xOpen[1] + xClose[1]) / 2 endif xLow       = min(low,min(xClose,xOpen)) xHigh      = max(high,max(xClose,xOpen)) myVWAP, my1, my11, my2, my21, my3, my31 = CALL "VWAP - SMF" // b1 = xClose > myVwap b2 = xClose > xClose[1] b3 = xClose[1] < xClose[2] b4 = xClose[2] < xClose[3] b5 = (xOpen = xLow) // c1 = xClose < myVwap c2 = xClose < xClose[1] c3 = xClose[1] > xClose[2] c4 = xClose[2] > xClose[3] c5 = (xOpen = xHigh) // CondB = b1 AND b2 AND b3 AND b4 AND b5 AND Not OnMarket  //LongOnMarket  for S&R CondC = c1 AND c2 AND c3 AND c4 AND c5 AND Not OnMarket  //ShortOnMarket for S&R // IF CondB THEN    BUY 1 CONTRACT AT MARKET    SL = xLow[1]    TP = xClose + (abs(xClose - SL) * 2)    SET STOP   PRICE SL    SET TARGET PRICE TP ENDIF // IF CondC THEN    SELLSHORT 1 CONTRACT AT MARKET    SL = xHigh[1]    TP = xClose - (abs(xClose - SL) * 2)    SET STOP   PRICE SL    SET TARGET PRICE TP ENDIF //graphonprice SL coloured("Red") //graphonprice TP coloured("Blue")

   

   

   

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  Iván

  

  robertogozzi

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  09/21/2024 at 2:54 PM #237907
  GraHal

  Is the VWAP – SMF Indicator in the Library please (under another name?)?

  

  GraHal

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  09/22/2024 at 12:30 AM #237914
  robertogozzi

  Yes, I used the f symbol to automatically insert the CALL instruction and the code of the indicator was not visible as it’s a built-in proprietary code.

  In any case a different VWAP indicator can be used, despite some differences in the returned data. But VWAP is almost impossible to replicate exactly.

  Just CALL another one.

   

   

  1 user thanked author for this post.

  GraHal

  

  robertogozzi

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