Live Retracement percentage on the chart
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- This topic has 13 replies, 2 voices, and was last updated 6 years ago by Nicolas.
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01/12/2017 at 6:04 PM #2089701/13/2017 at 8:46 PM #2102801/13/2017 at 9:01 PM #21029
Hi Nicholas
thank you for commenting. i want to be able to chose any time frame of high and lows( this can be today’s, yesterday’s or last 4 hours high and lows)
is there any tool, indicator that will show live Retracement percentage of any chosen high and low as the price moves.
regards
Ali
01/14/2017 at 11:37 AM #21041To get information from 2 different timeframes, it would easier to make 2 different indicator, one for the daily retracement and another one with the 4 hours values.
For what version of prorealtime would you like to get this indicator? How the percentage retracement value should be displayed? As an oscillator or a line/text with the current value only? (v10.3 only compatible).
01/14/2017 at 3:14 PM #21059Hi Nicolas
thank you . I am using IG’s own platform. When I contacted them about this tool. They advised me that their platform doesn’t have this tool but Prorealtime might have it. I called protealtime to ask about this and they said I should go to this website(prorealcode) and ask on the forum. That’s why I emailed you and ask this in the forum here.
what I need is ; to be able to choose any high and low points and the current price will be shown to me by this tool in percentage point.
For example: I chose high is 200 and low is 100. Current price is 140. In this example market is %40 above its low point. This tool should be show me current Retracement level in percentage anywhere within the chart. In any time frame chosen .
i am not very technical about this . That’s why I prefer using simple platforms like IG’s .Obviously, if i start using prorealtime , it will take time to get use to the platform. I don’t mind spending this time to get used to the platform as long as this tool(indicator) is possible to get it on the protealtime.
so I am just wondering if I start using protealtime, is there already a tool which will do what I need as explained above? Or I don’t mind paying someone to create this tool for me as I don’t want to spend lots of hours to learn about codes.
Currently I am doing the calculations myself manually, I thought if this kind of tool is available, I don’t have to do the calculations and concentrate more on the move of the market I am trading on.
i hope this answers everything
kind regards
ali
01/14/2017 at 5:47 PM #21096Sorry but code is strict and your request has change since your first message.
For example: I chose high is 200 and low is 100. Current price is 140. In this example market is %40 above its low point. This tool should be show me current Retracement level in percentage anywhere within the chart. In any time frame chosen .
So now you want to choose yourself the high and the low? instead of using the day High/Low?
There is no already made tool to draw the actual percentage of retracement, so we need to code it. It is not difficult at all, but I need the precise description of what you want, thank you.
If you want a personal and private assistance instead, you can use the form of the trading programming services
01/14/2017 at 6:36 PM #2111301/14/2017 at 6:39 PM #2111401/14/2017 at 7:10 PM #2112201/14/2017 at 8:14 PM #21136Everything is free and available for everyone on the website unless you ask for private assistance.
So I’ll code it for prorealtime 10.3, because it will have a better looking on chart thanks to the new graphics possibilities. I’ll do it ASAP as it’s now time to rest a bit 🙂
01/16/2017 at 2:27 PM #21313I quickly code this little indicator. The current retracement is calculated with the last ‘n’ day value, I set it to “1” by default, so it’s the previous day.
123456789101112131415defparam drawonlastbaronly=truenDay=1// Daily high / low versiondH = Dhigh(nDay)dL = Dlow(nDay)full = (dH-dL)/pointsizecurrent = (close-dL)/pointsizecurrentlevel = (current/full)*100drawtext("#currentlevel#%",barindex,close,Dialog,Bold,20) coloured(204,0,204)return dH as "high 100%", dL as "low 0%"Do this example can suit your needs?
01/16/2017 at 3:55 PM #21328Thank you Nicolas
i will not able to confirm this until I start using the indicator myself.
i will have a look start using proreal platform. I will let you know as soon as I can.
thank you again for taking time to do this. I didn’t know that this job is free to do. I still don’t understand how this whole thing work to be honest.
but I will look into using the platform soon.
kind regards
ali
05/05/2018 at 3:35 PM #6985605/07/2018 at 4:06 PM #69943 -
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