HyperTrend translate from Tradingview

LucasBest · Wed, 09 Aug 2023 11:43:16 +0000

Hello, i tried to translate the code of this Tradingview script but i don’t understand why it does not work… Maybe it’s because i don’t know tradingview language ? 🙂 https://www.tradingview.com/script/Bcufg8oX-HyperTrend-LuxAlgo/ // This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/ // © LuxAlgo //@version=5 indicator(“HyperTrend [LuxAlgo]”, “LuxAlgo – HyperTrend”, overlay = true) //—————————————————————————— //Settings //—————————————————————————–{ mult = input.float(5, ‘Multiplicative Factor’, minval = 0) slope = input.float(14, ‘Slope’, minval = 0) width = input.float(80, ‘Width %’, minval = 0, maxval = 100) / 100 //Style bullCss = input.color(color.teal, ‘Average Color’, inline = ‘avg’, group = ‘Style’) bearCss = input.color(color.red, ” , inline = ‘avg’, group = ‘Style’) area = input.string(‘Gradient’, ‘Area’, options = [‘Gradient’, ‘Solid’], group = ‘Style’) upperCss = input.color(color.new(color.red, 70), ‘Upper Area’, group = ‘Style’) lowerCss = input.color(color.new(color.teal, 70) , ‘Lower Area’, group = ‘Style’) //—————————————————————————–} //Calculation //—————————————————————————–{ var float upper = na var float lower = na var float avg = close var hold = 0. var os = 1. atr = nz(ta.atr(200)) * mult avg:=math.abs(close-avg)>atr? math.avg(close, avg) : avg + os * (hold / mult / slope) os := math.sign(avg – avg[1]) hold := os != os[1] ? atr : hold upper := avg + width * hold lower := avg – width * hold //—————————————————————————–} //Plots //—————————————————————————–{ css = os == 1 ? bullCss : bearCss plot_upper = plot(upper, ‘Upper’, na) plot_avg = plot(avg, ‘Average’, os != os[1] ? na : css) plot_lower = plot(lower, ‘Lower’, na) var color upper_topcol = na var color upper_btmcol = na var color lower_topcol = na var color lower_btmcol = na //Fill if area == ‘Gradient’ upper_topcol := upperCss upper_btmcol := color.new(chart.bg_color, 100) lower_topcol := color.new(chart.bg_color, 100) lower_btmcol := lowerCss else upper_topcol := upperCss upper_btmcol := upperCss lower_topcol := lowerCss lower_btmcol := lowerCss //Upper Area fill(plot_upper, plot_avg , top_color = os != os[1] ? na : upper_topcol , bottom_color = os != os[1] ? na : upper_btmcol , top_value = upper , bottom_value = avg) //Lower Area fill(plot_avg, plot_lower , top_color = os != os[1] ? na : lower_topcol , bottom_color = os != os[1] ? na : lower_btmcol , top_value = avg , bottom_value = lower) //—————————————————————————–} //////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////// So here’s my prorealcode version once avg = close once hold = 0 once os = 1 once rR = 220 once gR = 20 once bR = 60 once rV = 60 once gV = 179 once bV = 113 atr = AverageTrueRange[200] * mult If abs(close – avg) > atr then avg = (close+avg)/2 else avg = avg + os * (hold / mult / slope) endif os = sgn(avg – avg[1]) If os <> os[1] then hold = atr else hold = hold[1] endif upper = avg + width*hold lower = avg – width*hold If os = 1 then r = rV g = gV b = bV else r = rR g = gR b = bR endif DRAWSEGMENT(barindex-1,avg[1],barindex,avg) COLOURED(r,g,b,255) DRAWSEGMENT(barindex-1,upper[1],barindex,upper) COLOURED(rR,gR,bR,100) DRAWSEGMENT(barindex-1,lower[1],barindex,lower) COLOURED(rV,gV,bV,100) Return Any help on how to find my mistake(s) would be appreciate Thanks

This topic has 30 replies, 8 voices, and was last updated 1 year ago by PeterSt.

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08/22/2023 at 11:57 PM #219509

PeterSt

Wim wrote:

If I switch to another cfd broker dealing all day like IG, you get the same chart as in PRT (including same values for ATR). See screen capture. What this means with respect to signals given by this indicator with a opening hours only broker versus a 24-24 broker, I do not know. More, less, more or less reliable, … happy backtesting.

Yes !
This is what I thought of the very first thing this morning, but then I could not find the “logic” in how PRT would deal with IBKR and the choice there to work with RTH or ETH. So there I started to make coffee and think of other things.

Anyway, something would be wrong if we would be dependent on the view of looking at the market. With IG it would even be worse, because their ETH is “made up”.

Just my 2c. No opinions or anything.

PeterSt
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