Hosoda Projection Indicator

• 02/05/2022 at 9:24 PM #187620
  ArturAgababyan13

  Hello,
  I want to create an indicator that projects price targets according to points A, B and C (Hosoda’s Projection), much like fibonacci extensions. Here are the mathematical formulas for calculating price targets:
  If B > C > A then:
  – Objective N = C + (B-A)
  – Objective E = B + (B-A)
  – Objective V = B + (B – C)
  – Objective NT = C + (C – A)

  If B < C < C then:
  – Goal N = C – (A-B)
  – Objective E = B – (A-B)
  – Objective V = B – (C – B)
  – Objective NT = C – (A – C)

  My problem is not the mathematical calculation, it is the fact of wanting to use it as the extension of fibonacci by pressing its logo in the toolbar.

  If anyone can help me that would be great! I could share it with the community once I program it.

   

  Best regards

  

  ArturAgababyan13

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  02/06/2022 at 12:40 AM #187627
  robertogozzi

  It’s not possible:

  • to modify existing tools by adding custom code
  • to add custom tools to the toolbar
  • to write code that interacts with I/O devices and objects.

  You can make an indicator setting the points A, B, C with its properties.

   

  

  robertogozzi

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  02/06/2022 at 1:07 AM #187629
  robertogozzi

  Here there’s a post https://www.prorealcode.com/topic/ichimoku-calcolo-target-onda-n/#post-168469

   

  

  robertogozzi

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  02/06/2022 at 2:49 PM #187679
  ArturAgababyan13

  Hello! Thank you for your help!! There is my code:

  defparam drawonlastbaronly = true

  if a < b then
  n = c+(b-a)
  e = b+(b-a)
  v = b+(b-c)
  nt = c+(c-a)
  else
  n = c-(a-b)
  e = b-(a-b)
  v = b-(c-b)
  nt = c-(a-c)
  endif

  drawhline(n)coloured(255,140,0)
  DRAWTEXT(“Wave N #N#”, barindex + 25, N + (N * 0.003), Dialog, Standard, 12) COLOURED(255,140,0)

  DRAWHLINE(e)coloured(0,191,255)
  DRAWTEXT(“Wave E #E#”, barindex + 25, E + (E * 0.003), Dialog, Standard, 12) COLOURED(0,191,255)

  DRAWHLINE(v)coloured(255,0,0)
  DRAWTEXT(“Wave V #V#”, barindex + 25, V + (V * 0.003), Dialog, Standard, 12) COLOURED(255,0,0)

  DRAWHLINE(nt)coloured(225,215,0)
  DRAWTEXT(“Wave NT #NT#”, barindex + 25, NT + (NT * 0.003), Dialog, Standard, 12) COLOURED(225,215,0)

  return n, e, v, nt

  

  ArturAgababyan13

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