Help with Strategy with wick pressure

• 03/27/2023 at 2:51 PM #212216
  Aragorna

  //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript // --- settings //atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box //rsiob = 60 //RSI based on which signnals are filtered //rsios = 40 //RSI based on which signnals are filtered // --- end of settings meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green") signal = 1 endif //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red") Signal = -1 endif return Signal AS "Signal"

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  //PRC_Wick Pressure | indicator //23.05.2022 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //converted from pinescript // --- settings //atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) //boxlength = 16 //Length of Wick Pressure Box //rsiob = 60 //RSI based on which signnals are filtered //rsios = 40 //RSI based on which signnals are filtered // --- end of settings meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then    drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green")    signal = 1 endif //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then    drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red")    Signal = -1 endif return Signal AS "Signal"

  Hello to everyone, I need an help how to implement this indicator in a strategy https://www.prorealcode.com/prorealtime-indicators/wick-pressure/, I’m still struggling with learning Code with PRT and this would be of great help. Original indicator by Nicholas was kindly modified by Roberto but I don’t have the knownledge to continue. When indicator gives Signal=1, I want to buy n shares, with stop loss under the limit of the box, viceversa with bearish signal I want to sell short, with stop loss over the limit of the rectangle. I’m not able to recall lc3, ll3, hc3 and hh3. anyone can suggest me how to do it? many thank’s in advance

  Alessio

  

  Aragorna

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  03/28/2023 at 7:04 AM #212266
  JS

  You can turn this indicator into a trading system by “removing” all graphic elements and adding orders and possibly SL and TP…

  Wick Pressure System

  DefParam CumulateOrders = False // --- settings atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) boxlength = 16 //Length of Wick Pressure Box rsiob = 60 //RSI based on which signnals are filtered rsios = 40 //RSI based on which signnals are filtered // --- end of settings meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then //drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green") signal = 1 endif If signal = 1 then Buy 1 contract at Market Set Stop Loss 10 EndIf //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then //drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red") Signal = -1 endif If signal = -1 then SellShort 1 contract at Market Set Stop Loss 10 EndIf

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  DefParam CumulateOrders = False   // --- settings atrmult = 0.7 //ATR Multiplier (The Wick area is filtered on the basis of atr and this is multiplier to that ATR. The more the multiplier value, the less the signals and vice versa) boxlength = 16 //Length of Wick Pressure Box rsiob = 60 //RSI based on which signnals are filtered rsios = 40 //RSI based on which signnals are filtered // --- end of settings meersi = rsi[14](close) signal = 0 //bullish wick pressure rsibullishcond = meersi < rsios or meersi[1] < rsios or meersi[2] < rsios ll3 = lowest[3](low) lc3 = min(lowest[3](close),lowest[3](open)) if low<=lc3 and low[1]<=lc3 and low[2]<=lc3 and open>=lc3 and open[1]>=lc3 and open[2]>=lc3 and lc3-ll3>(atrmult*AverageTrueRange[14](close)) and rsibullishcond and close>open then //drawrectangle(barindex,lc3,barindex+boxlength, ll3) coloured("green",50) bordercolor("green") signal = 1 endif If signal = 1 then Buy 1 contract at Market Set Stop Loss 10 EndIf   //bearish wick pressure rsibearishcond = meersi > rsiob or meersi[1] > rsiob or meersi[2] > rsiob hh3 = highest[3](high) hc3 = max(highest[3](close), highest[3](open)) if high>=hc3 and high[1]>=hc3 and high[2]>=hc3 and open<=hc3 and open[1]<=hc3 and open[2]<=hc3 and hh3-hc3>(atrmult*AverageTrueRange[14](close)) and rsibearishcond and close<open then //drawrectangle(barindex,hh3,barindex+boxlength, hc3) coloured("red",50) bordercolor("red") Signal = -1 endif If signal = -1  then SellShort 1 contract at Market Set Stop Loss 10 EndIf

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  Nicolas

  

  JS

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