Indicators from ITFA paper “Number-Based Sentiment Indicators”

• 12/14/2020 at 6:48 PM #153738
  lorebruno

  Dear All,

  I just notice the paper “Number-Based Sentiment Indicators” on the last issue of ITFA (Metastock). In particular the authors discuss:

  • 3 ATR trailing stops (short /mid / long term)
  •  a sentiment indicator
  • a Short-term/Mid-term/Long-term Cycle indicator

  I would be interested in seeing the Prorealtime code since I am really not familiar with Metastock lenguage, particularly for the ATR trailing stops and the sentiment indicator.

  Can you help me on this topic? I attached two file word containing the code of each indicator plus screenshots taken from the paper.

  Thank you very much! And thank you also from the previous conversion I asked!

  Lorenzo

   

   

  

  lorebruno

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  12/15/2020 at 11:11 AM #153822
  Nicolas

  Added to my conversion list. Will try to do it before holidays, but not sure.. Thanks for being patient.

  

  Nicolas

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  12/15/2020 at 11:34 AM #153826
  lorebruno

  Thanks Nicolas! There’s no hurry obviously!

  I take the opportunity to express my congratulation for the wonderful work you do on this forum!

  Lorenzo

   

  

  lorebruno

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  01/06/2021 at 2:16 PM #156591
  lorebruno

  Dear All,

  did you have any chance to have a look to this request?

  Thanks

  Lorenzo

  

  lorebruno

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  01/06/2021 at 4:49 PM #156629
  Nicolas

  Here is the first one, similar to a supertrend somehow, add it 3 times with different Length: Short-term: 1.5 / Mid-term: 3.0 / Long-term: 4.5

  Trailing Stop Short-term/Mid-term/Long-term

  Length= 1.5 //Mid-term: 3.0 / Long-term: 4.5 iVolatility= Length*AverageTrueRange[5](close) StdevOfVolatility= 3*(1/Sqrt(Length))*Std[30](iVolatility) EmaM= (High+Low+Close)/3 EmaTR= iVolatility + StdevOfVolatility //once prev=close //Stop:= If( PREV < Close ) then If( EmaM - EmaTR ) >= PREV then istop = ( EmaM - EmaTR ) else istop = PREV endif else istop = ( EmaM - EmaTR ) endif StopLong= iStop //Stop:= If( PREV > Close) then If( EmaM + EmaTR ) <= PREV then istop = ( EmaM + EmaTR ) else istop = PREV endif else istop = ( EmaM + EmaTR ) endif StopShort= iStop if close<stoplong[1] then barssincelong=barindex endif if close>stopshort[1] then barsinceshort=barindex endif ////If(BarsSince(C < Ref(StopLong,-1)) > BarsSince(C > Ref(StopShort,-1)), StopLong, StopShort); if barssincelong>barsinceshort then prev=stopshort r=255 g=0 else prev=stoplong r=0 g=255 endif return prev coloured(r,g,0) style(line,2)//,stoplong style(dottedline),stopshort

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  Length= 1.5 //Mid-term: 3.0 / Long-term: 4.5 iVolatility= Length*AverageTrueRange[5](close) StdevOfVolatility= 3*(1/Sqrt(Length))*Std[30](iVolatility) EmaM= (High+Low+Close)/3 EmaTR= iVolatility + StdevOfVolatility   //once prev=close   //Stop:= If( PREV < Close ) then If( EmaM - EmaTR ) >= PREV then istop = ( EmaM - EmaTR ) else istop = PREV endif else istop = ( EmaM - EmaTR ) endif StopLong= iStop //Stop:= If( PREV > Close) then If( EmaM + EmaTR ) <= PREV then istop = ( EmaM + EmaTR ) else istop = PREV endif else istop = ( EmaM + EmaTR ) endif StopShort= iStop   if close<stoplong[1] then barssincelong=barindex endif if close>stopshort[1] then barsinceshort=barindex endif ////If(BarsSince(C < Ref(StopLong,-1)) > BarsSince(C > Ref(StopShort,-1)), StopLong, StopShort); if barssincelong>barsinceshort then prev=stopshort r=255 g=0 else prev=stoplong r=0 g=255 endif     return prev coloured(r,g,0) style(line,2)//,stoplong style(dottedline),stopshort

   

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  Monobrow

  

  Nicolas

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  01/07/2021 at 9:01 AM #156702
  lorebruno

  Thank you for the prompt reply!

  Let me know what you think of the other two. Are they complicated?

   

  Lorenzo

  

  lorebruno

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  01/07/2021 at 11:46 AM #156732
  Nicolas

  As far as I understand those other indicators are comparison between the 3 trailing stop, first there is difference one and the other one is normalized value of the current indicator compared to a lookback period (similar of stochastic).

  

  Nicolas

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  01/07/2021 at 1:56 PM #156748
  lorebruno

  Yes, that’s correct but unfortunately I don’t know metatrader coding and I can’t really understand the details.

  If you think it makes sense, I would be interesting in having a .itf code at least for the sentiment indicator…

  If you don’t think it’s worth it please redirect me to the conversion service with a fee.

  Thanks a lot for your help and availability

  Best

  Lorenzo

   

  

  lorebruno

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  01/13/2021 at 5:48 PM #157683
  g_tini

  Hi All,

  I would be interested in a Prorealtime code for the sentiment indicator as well…  Do you think it would be possible to translate it?

  I would be gratefull to anyone who would like to work on this

  Thanks a lot

  Giorgio

  

  g_tini

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  01/14/2021 at 11:03 AM #157774
  Nicolas

  Private paid programming services is available here: https://www.prorealcode.com/trading-programming-services/

  

  Nicolas

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  01/14/2021 at 6:49 PM #157877
  g_tini

  Thanks for your reply.

  I tried to submit it through the link you shared but when I click on “send” nothing happen.

  Can I submit my request in another way (i.e. e-mail address)?

  Thanks

  Giorgio

   

   

  

  g_tini

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  04/12/2021 at 7:49 AM #166805
  lorebruno

  Hi All,

  I got a Tradingview script for the above mentioned TradingCycle indicator. However I obtained different values compared to the prt code reported above.

  Could anybody provide me a prt code corresponding to Tradingview code I attached here as .doc file?

  Thanks

  Lorenzo

   

   

  

  lorebruno

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  04/12/2021 at 10:07 AM #166821
  Nicolas

  Hi, I think that the below code should work the same, I stumble upon a small error:

  Length= 1.5 //Mid-term: 3.0 / Long-term: 4.5 iVolatility= Length*AverageTrueRange[5](close) StdevOfVolatility= 3*(1/Sqrt(Length))*Std[30](iVolatility) EmaM= (High+Low+Close)/3 EmaTR= iVolatility + StdevOfVolatility If( stoplong[1] < Close ) then If( EmaM - EmaTR ) >= stoplong[1] then stoplong = ( EmaM - EmaTR ) else stoplong = stoplong[1] endif else stoplong = ( EmaM - EmaTR ) endif If( stopshort[1] > Close) then If( EmaM + EmaTR ) <= stopshort[1] then stopshort = ( EmaM + EmaTR ) else stopshort = stopshort[1] endif else stopshort = ( EmaM + EmaTR ) endif if close crosses over stopshort[1] then trend=1 elsif close crosses under stoplong[1] then trend=-1 endif if trend>=0 then istop=stoplong else istop=stopshort endif return istop

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  Length= 1.5 //Mid-term: 3.0 / Long-term: 4.5 iVolatility= Length*AverageTrueRange[5](close) StdevOfVolatility= 3*(1/Sqrt(Length))*Std[30](iVolatility) EmaM= (High+Low+Close)/3 EmaTR= iVolatility + StdevOfVolatility   If( stoplong[1] < Close ) then If( EmaM - EmaTR ) >= stoplong[1] then stoplong = ( EmaM - EmaTR ) else stoplong = stoplong[1] endif else stoplong = ( EmaM - EmaTR ) endif   If( stopshort[1] > Close) then If( EmaM + EmaTR ) <= stopshort[1] then stopshort = ( EmaM + EmaTR ) else stopshort = stopshort[1] endif else stopshort = ( EmaM + EmaTR ) endif   if close crosses over stopshort[1] then trend=1 elsif close crosses under stoplong[1] then trend=-1 endif if trend>=0 then istop=stoplong else istop=stopshort endif   return istop

   

  

  Nicolas

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  04/12/2021 at 11:09 AM #166846
  lorebruno

  Thanks Nicolas for your super fast reply!!!

  Have a nice day!

  Lorenzo

   

   

  

  lorebruno

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