Live target zone calculation (with arrays)

• 04/07/2020 at 5:22 PM #125115
  Fabian

  Hello community,

  After Nicolas has published the new array functions (array availability) and the Example #2: probability cone, I had an idea.

  On the picture you can see a so-called price projection box, which is calculated live and contains 3 areas. (Probability which area will be reached).
  The stars mean the quality of the signal. Here we see an example of a breakout from a triangle formation. (As far as I know, additional indicators are used for the calculation).

  What I asked Nicolas is if we can create a template in which we define our own conditions from our setups.(For example exact values of BBand increase, etc.)

  Also to filter out the good 5 star signals and make it easier to see the profits and target zones on the chart. I think this setup is especially interesting for scalping approaches.

  All suggestions and ideas are very welcome.

  

  Fabian

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  04/13/2020 at 6:47 PM #125985
  Vonasi

  I’m answering your comment on my Edge Finder indicator.

  https://www.prorealcode.com/prorealtime-indicators/edge-finder-and-condition-tester/

  I’m sure something could be coded but it would require a far more detailed description of how the zone is calculated and how the score rating is decided upon.

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  Nicolas

  

  Vonasi

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  04/13/2020 at 7:06 PM #125987
  Fabian

  Hi Vonasi,

  Thanks for your reply.

  I can tell you the conditions by a simplified example. And this could later be replaced by more complex calculations.

  Which exact details do you need?

  

  Fabian

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  04/13/2020 at 7:22 PM #125988
  Vonasi

  Fabian wrote:

  Which exact details do you need?

  Everything! At the moment all we have is a box on a chart with three levels in it. how is the position of that box decided? How is the height and width of the box calculated?

  

  Vonasi

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  04/13/2020 at 7:40 PM #125989
  Fabian

  Vonasi wrote:

  Fabian wrote:

  Which exact details do you need?

  Everything! At the moment all we have is a box on a chart with three levels in it. how is the position of that box decided? How is the height and width of the box calculated?

   

  Unfortunately I don’t know the exact calculation of the position of the box in the example, otherwise I would have formulated the conditions much more detailed.

  The position of the price box results from the parameters that we consider and define.
  (e.g. 2 green Heikin-Ashi candles after a Doji, RSI over 50, etc.)

  And depending on how many of the criteria are fulfilled, the more qualitative (max. 5 stars) the signal is.

  Do you see what I am getting at?

  

  Fabian

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  04/13/2020 at 8:48 PM #125994
  Vonasi

  Fabian wrote:

  Do you see what I am getting at?

  No not really. We have some conditions to check whether they are true and what happened next. Well that is what my ‘Edge Finder’ does. then somehow we have to turn that into a box of a certain length and a certain height. It is all sounding a bit ambiguous and lacking actual details to start coding towards.

  Also it is not necessary for you to quote my whole post just previous to your post. It is quite obvious that you are replying to me without you needing to quote me! 🙂

  

  Vonasi

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