Highs and Lows based on Stochastic Cycles

• 10/02/2020 at 10:27 AM #146162
  Malend

  Hello,
  I am busy with a indicator which marks the highs and lows of price based on the stochastic cycle, after the stochastic cycle has closed. A cyclehigh is where %D > 50 and a cyclelow is where %D < 50. I use EUR/USD.
  I would like to have a Textsignal at the candle with the highest high when the Stochastic D > 50 and at the candle with the lowest low when the stochastics D < 50. And preferable that is tells me also if this highest high is higher or lower then the previous highest high from the previous cycle.

  I manage to program to define the highest high and lowest low, and also the previous highest high and lowest low but I only manage to show them as lines. That makes to much noise in my charts so I am looking for a way where I can mark ONLY the candles with the highest high and the lowest low in the cycle and preferable that is tells me also if this highest high is higher or lower then the previous highest high from the previous cycle.

  So my challenge is in the part where I want to DrawText and define the candle where to do draw text. It needs to mark the highest high when the cycle high is over and not during the cycle high. And if the macd has made a lower high during that cycle high.

   

  Highs n Lows price and macd in Stcoahastic Cycles

  // This indicator marks highs and lows based of price and macd based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) sma20 = average[20] macdl = macdline[5,20,30] //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] > 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl) endif //start of cycle high looking for the higestest price and higest MACD as long as Stochastic %D>50 If D => 50 and D[1] < 50 then incyclehigh = 1 highestprice2 = highestprice HighestPrice = high macdhighest2 = macdhighest macdhighest = macdl endif //End of cycle high If K < 50 and K[1] > 50 then incyclehigh = 0 endif //highest stoch and price in cycle high if incyclehigh then highestPrice = max(highestPrice, high) macdhighest = max(macdhighest, macdl) endif //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", barindex, low-0.0008, Dialog, Bold, 10) COLOURED(0,0,0) endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", barindex, low-0.0010, Dialog, Bold, 10) COLOURED(0,0,0) endif //SHORT if incyclehigh=0 and highestprice < highestprice2 then DRAWTEXT ("LHP", barindex, high+0.0008, Dialog, Bold, 10) COLOURED(0,0,0) endif if incyclehigh =0 and macdhighest < macdhighest2 then DRAWTEXT ("LHM", barindex, high+0.0010, Dialog, Bold, 10) COLOURED(0,0,0) endif return lowestprice as "lowest price in cycle low",macdlowest as "lowest macdline in cycle low", lowestprice2 as "previous lowest price in cycle low", macdlowest2 as "previous lowest macdline in cycle low", highestprice as "highest price in cycle high",macdhighest as "highest macdline in cycle high", highestprice2 as "previous highest price in cycle high", macdhighest2 as "previous highest macdline in cycle high"

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  // This indicator marks highs and lows based of price and macd based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) sma20 = average[20] macdl = macdline[5,20,30]   //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] > 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl   endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl) endif   //start of cycle high looking for the higestest price and higest MACD as long as Stochastic %D>50 If D => 50 and D[1] < 50 then incyclehigh = 1 highestprice2 = highestprice HighestPrice = high macdhighest2 = macdhighest macdhighest = macdl   endif //End of cycle high If K < 50 and K[1] > 50 then incyclehigh = 0 endif //highest stoch and price in cycle high if incyclehigh then highestPrice = max(highestPrice, high) macdhighest = max(macdhighest, macdl) endif   //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", barindex, low-0.0008, Dialog, Bold, 10) COLOURED(0,0,0) endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", barindex, low-0.0010, Dialog, Bold, 10) COLOURED(0,0,0) endif   //SHORT if incyclehigh=0 and  highestprice < highestprice2 then DRAWTEXT ("LHP", barindex, high+0.0008, Dialog, Bold, 10) COLOURED(0,0,0) endif if incyclehigh =0 and macdhighest < macdhighest2 then DRAWTEXT ("LHM", barindex, high+0.0010, Dialog, Bold, 10) COLOURED(0,0,0) endif   return lowestprice as "lowest price in cycle low",macdlowest as "lowest macdline in cycle low",  lowestprice2 as "previous lowest price in cycle low", macdlowest2 as "previous lowest macdline in cycle low", highestprice as "highest price in cycle high",macdhighest as "highest macdline in cycle high", highestprice2 as "previous highest price in cycle high", macdhighest2 as "previous highest macdline in cycle high"

   

  In my indicator you see the highs and lows and the previous highs and lows.
  Red  = lowest price
  Purple = previous lowest price
  Green = highest price
  Light blue = previous highest price
  The signal from theHH HL LL and LH from the macd can also be done in a seperate indicator if it isn’t possible to combine them, The thing with the MACD of course is that the visibilaty of the signal depends on waht you trade.

  

  Malend

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  10/02/2020 at 10:38 AM #146167
  Malend

  I would like to have it like this.

  

  Malend

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  10/02/2020 at 12:22 PM #146182
  Nicolas

  I’m not sure of the complete picture of what you want to achieve, so I just modify the lowest (LONG) part of your code:

  // This indicator marks highs and lows based of price and macd based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) //sma20 = average[20] macdl = macdline[5,20,30] //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] > 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl) //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then macdlowestBar=barindex macdlowestPrice=low-10*pointsize endif endif //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", lowestpriceBar, lowestprice, Dialog, Bold, 20) COLOURED(255,200,0) endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", macdlowestBar, macdlowestPrice, Dialog, Bold, 16) COLOURED(0,0,0) endif return //lowestprice as "lowest price in cycle low",macdlowest as "lowest macdline in cycle low", lowestprice2 as "previous lowest price in cycle low", macdlowest2 as "previous lowest macdline in cycle low"

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  // This indicator marks highs and lows based of price and macd based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) //sma20 = average[20] macdl = macdline[5,20,30]   //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] > 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl) //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then macdlowestBar=barindex macdlowestPrice=low-10*pointsize endif endif   //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", lowestpriceBar, lowestprice, Dialog, Bold, 20) COLOURED(255,200,0) endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", macdlowestBar, macdlowestPrice, Dialog, Bold, 16) COLOURED(0,0,0) endif     return //lowestprice as "lowest price in cycle low",macdlowest as "lowest macdline in cycle low",  lowestprice2 as "previous lowest price in cycle low", macdlowest2 as "previous lowest macdline in cycle low"

   

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  Malend

  

  Nicolas

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  10/02/2020 at 12:36 PM #146188
  Malend

  Thanks a lot Nicolas,

  For sure this is great to continue to create what I had in mind. When I have finished it I will post the last version.

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  Nicolas

  

  Malend

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  10/02/2020 at 2:59 PM #146200
  Malend

  Thanks again Nicolas for helping me out describing the candle with the higherst high within the Stochastic cycle.

  This indicator describes the Higher Lows and Lower Highs in Price and in Macd within the cycles of the Stochastics  (Stochastics %D is my oscillator, but you can use others as well. Just needs a bit editing). It also marks the Highs with a green line and Lows with a red line in every cycle high and low with a red line.
  HLP = Higher Low Price
  HLM = Higher Low Macdline
  LHP =  Lower High Price
  LHM =  Lower High Macdline
  -see  the image-
  

  // This indicator marks highs and lows based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) sma20 = average[20] macdl = macdline[5,20,30] //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] => 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl) endif //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then macdlowestBar=barindex macdlowestPrice=low-10*pointsize endif //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", lowestpriceBar, lowestprice-0.0008, Dialog, standard, 10) COLOURED(200,200,200) endif if incyclelow = 0 then DRAWSEGMENT(lowestpriceBar,lowestprice,lowestpriceBar,lowestprice-50) COLOURED(100,0,0) endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", lowestpriceBar, lowestprice-0.0011, Dialog, standard, 10) COLOURED(200,200,200) endif //____________________________________________________________________________________________________________________ //start of cycle high looking for the higestest price and higest MACD as long as Stochastic %D>50 If D => 50 and D[1] =< 50 then incyclehigh = 1 highestprice2 = highestprice HighestPrice = high macdhighest2 = macdhighest macdhighest = macdl //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then macdlowestBar=barindex macdlowestPrice=low-10*pointsize endif endif //End of cycle high If K =< 50 and K[1] > 50 then incyclehigh = 0 endif //highest stoch and price in cycle high if incyclehigh then highestPrice = max(highestPrice, high) macdhighest = max(macdhighest, macdl) endif //what is the lowest price bar of this cycle? if highestprice<>highestprice[1] then highestpriceBar=barindex endif if macdhighest<>macdhighest[1] then macdhighestBar=barindex macdhighestPrice=low-10*pointsize endif //SHORT if incyclehigh=0 and highestprice < highestprice2 then DRAWTEXT ("LHP", highestpriceBar, highestprice+0.0008, Dialog, standard,10) COLOURED(1000,1000,1000) endif if incyclehigh = 0 then DRAWSEGMENT(highestpriceBar,highestprice,highestpriceBar,highestprice+50) COLOURED(0,100,0) endif if incyclehigh =0 and macdhighest < macdhighest2 then DRAWTEXT ("LHM", highestpriceBar, highestprice+0.0011, Dialog, standard, 10) COLOURED(1000,1000,1000) endif return

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  // This indicator marks highs and lows based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) sma20 = average[20] macdl = macdline[5,20,30]   //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] => 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl   endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl)   endif   //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then macdlowestBar=barindex macdlowestPrice=low-10*pointsize endif     //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", lowestpriceBar, lowestprice-0.0008, Dialog, standard, 10) COLOURED(200,200,200) endif if incyclelow = 0 then DRAWSEGMENT(lowestpriceBar,lowestprice,lowestpriceBar,lowestprice-50) COLOURED(100,0,0)   endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", lowestpriceBar, lowestprice-0.0011, Dialog, standard, 10) COLOURED(200,200,200) endif   //____________________________________________________________________________________________________________________   //start of cycle high looking for the higestest price and higest MACD as long as Stochastic %D>50 If D => 50 and D[1] =< 50 then incyclehigh = 1 highestprice2 = highestprice HighestPrice = high macdhighest2 = macdhighest macdhighest = macdl   //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then macdlowestBar=barindex macdlowestPrice=low-10*pointsize endif   endif //End of cycle high If K =< 50 and K[1] > 50 then incyclehigh = 0 endif //highest stoch and price in cycle high if incyclehigh then highestPrice = max(highestPrice, high) macdhighest = max(macdhighest, macdl) endif   //what is the lowest price bar of this cycle? if highestprice<>highestprice[1] then highestpriceBar=barindex endif if macdhighest<>macdhighest[1] then macdhighestBar=barindex macdhighestPrice=low-10*pointsize endif   //SHORT if incyclehigh=0 and  highestprice < highestprice2 then DRAWTEXT ("LHP", highestpriceBar, highestprice+0.0008, Dialog, standard,10) COLOURED(1000,1000,1000) endif if incyclehigh = 0 then DRAWSEGMENT(highestpriceBar,highestprice,highestpriceBar,highestprice+50) COLOURED(0,100,0) endif if incyclehigh =0 and macdhighest < macdhighest2 then DRAWTEXT ("LHM", highestpriceBar, highestprice+0.0011, Dialog, standard, 10) COLOURED(1000,1000,1000) endif   return

   

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  PLermite

  

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  10/02/2020 at 3:02 PM #146202
  Malend

  This is for EUR/USD, so when you use other charts, check the distance between the chart and the text.

  

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  10/25/2020 at 2:20 AM #148373
  gregoire

  Hello would it be possible to complete the code with these variables. thank you very much

  

  gregoire

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  10/25/2020 at 3:11 AM #148374
  gregoire

  hello,

  there is an error line 96 in colored, it is necessarry to remove a 0 on each 1000 otherwise problem of RGB display, somebody modified the code and complete the variable.

  thank you.

  

  gregoire

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  10/25/2020 at 9:10 AM #148378
  Madrosat

  can we have this for 10 3  ??

  

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  10/25/2020 at 3:28 PM #148418
  fifi743

  Yes the color goes from 0 to 255 max

  

  fifi743

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  10/26/2020 at 8:07 AM #148465
  Madrosat

  Hello Fifi
  It is not a problem of color, the code as it is above does
  not work on 10 3.
  I am looking for the most reliable reversal signals
  I mainly test eur usd 1 hour, dear Fifi would you have an idea
  on what works best.
  This question I also ask Nicolas, Roberto, Paul, Nonetheles, Grahal and all of you ???

  

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  10/29/2020 at 1:37 PM #148896
  gregoire

  hello is it possible to add a filter, buy on green candle and sell on red candle otherwise no signal. thank you

  

  gregoire

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  10/29/2020 at 5:48 PM #148921
  fifi743

  // This indicator marks highs and lows based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) //sma20 = average[20] macdl = macdline[5,20,30] //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] => 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl) endif //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then //macdlowestBar=barindex //macdlowestPrice=low-10*pointsize endif //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", lowestpriceBar, lowestprice-0.0008, Dialog, standard, 10) COLOURED(200,200,200) endif if incyclelow = 0 then DRAWSEGMENT(lowestpriceBar,lowestprice,lowestpriceBar,lowestprice-50) COLOURED(100,0,0) endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", lowestpriceBar, lowestprice-0.0011, Dialog, standard, 10) COLOURED(200,200,200) endif //____________________________________________________________________________________________________________________ //start of cycle high looking for the higestest price and higest MACD as long as Stochastic %D>50 If D => 50 and D[1] =< 50 then incyclehigh = 1 highestprice2 = highestprice HighestPrice = high macdhighest2 = macdhighest macdhighest = macdl //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then //macdlowestBar=barindex //macdlowestPrice=low-10*pointsize endif endif //End of cycle high If K =< 50 and K[1] > 50 then incyclehigh = 0 endif //highest stoch and price in cycle high if incyclehigh then highestPrice = max(highestPrice, high) macdhighest = max(macdhighest, macdl) endif //what is the lowest price bar of this cycle? if highestprice<>highestprice[1] then highestpriceBar=barindex endif if macdhighest<>macdhighest[1] then //macdhighestBar=barindex //macdhighestPrice=low-10*pointsize endif //SHORT if incyclehigh=0 and highestprice < highestprice2 then DRAWTEXT ("LHP", highestpriceBar, highestprice+0.0008, Dialog, standard,10) COLOURED(0,0,0) endif if incyclehigh = 0 then DRAWSEGMENT(highestpriceBar,highestprice,highestpriceBar,highestprice+50) COLOURED(0,100,0) endif if incyclehigh =0 and macdhighest < macdhighest2 then DRAWTEXT ("LHM", highestpriceBar, highestprice+0.0011, Dialog, standard, 10) COLOURED(0,0,0) endif return //lowestprice as "lowest price in cycle low",macdlowest as "lowest macdline in cycle low", lowestprice2 as "previous lowest price in cycle low", macdlowest2 as "previous lowest macdline in cycle low"

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  // This indicator marks highs and lows based on the Stochastic cycle K = stochastic[5,3] D = average[3](K) //sma20 = average[20] macdl = macdline[5,20,30]   //start of cycle low looking for the lowest price and lowest MACD as long as Stochastic %D<50 If D =< 50 and D[1] => 50 then incyclelow = 1 lowestprice2 = lowestprice Lowestprice = low macdlowest2 = macdlowest macdlowest = macdl   endif //End of cycle low If K => 50 and K[1] < 50 then incyclelow = 0 endif //lowest macd and price in Stochastic cycle %D<50 if incyclelow then lowestprice = min(lowestprice, low) macdlowest = min(macdlowest, macdl)   endif   //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then //macdlowestBar=barindex //macdlowestPrice=low-10*pointsize endif     //LONG if incyclelow = 0 and lowestprice > lowestprice2 then DRAWTEXT ("HLP", lowestpriceBar, lowestprice-0.0008, Dialog, standard, 10) COLOURED(200,200,200) endif if incyclelow = 0 then DRAWSEGMENT(lowestpriceBar,lowestprice,lowestpriceBar,lowestprice-50) COLOURED(100,0,0)   endif if incyclelow = 0 and macdlowest > macdlowest2 then DRAWTEXT ("HLM", lowestpriceBar, lowestprice-0.0011, Dialog, standard, 10) COLOURED(200,200,200) endif   //____________________________________________________________________________________________________________________   //start of cycle high looking for the higestest price and higest MACD as long as Stochastic %D>50 If D => 50 and D[1] =< 50 then incyclehigh = 1 highestprice2 = highestprice HighestPrice = high macdhighest2 = macdhighest macdhighest = macdl   //what is the lowest price bar of this cycle? if lowestprice<>lowestprice[1] then lowestpriceBar=barindex endif if macdlowest<>macdlowest[1] then //macdlowestBar=barindex //macdlowestPrice=low-10*pointsize endif   endif //End of cycle high If K =< 50 and K[1] > 50 then incyclehigh = 0 endif //highest stoch and price in cycle high if incyclehigh then highestPrice = max(highestPrice, high) macdhighest = max(macdhighest, macdl) endif   //what is the lowest price bar of this cycle? if highestprice<>highestprice[1] then highestpriceBar=barindex endif if macdhighest<>macdhighest[1] then //macdhighestBar=barindex //macdhighestPrice=low-10*pointsize endif   //SHORT if incyclehigh=0 and  highestprice < highestprice2 then DRAWTEXT ("LHP", highestpriceBar, highestprice+0.0008, Dialog, standard,10) COLOURED(0,0,0) endif if incyclehigh = 0 then DRAWSEGMENT(highestpriceBar,highestprice,highestpriceBar,highestprice+50) COLOURED(0,100,0) endif if incyclehigh =0 and macdhighest < macdhighest2 then DRAWTEXT ("LHM", highestpriceBar, highestprice+0.0011, Dialog, standard, 10) COLOURED(0,0,0) endif   return  //lowestprice as "lowest price in cycle low",macdlowest as "lowest macdline in cycle low",  lowestprice2 as "previous lowest price in cycle low", macdlowest2 as "previous lowest macdline in cycle low"

  modify

  

  fifi743

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  10/29/2020 at 8:07 PM #148933
  gregoire

  many thanks fifi 743 i tested it and i tell you

  

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  02/24/2024 at 8:54 AM #228676
  Madrosat

  Hello Fifi, Gregoire

  Can i use segments in a strategy??

  I have try without success

  

  Madrosat

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