Range and Body History Indicator

• 12/09/2018 at 6:55 PM #86621
  Vonasi

  //Body and Range History Indicator //By Vonasi //09122018 //Biggest = 1 //1 = plot biggest //Averages = 1 //1 = Plot Averages //Multiples = 1 //1 = Plot Multiples biggestrnge = max(biggestrnge,high-low) biggestrdbody = max(biggestrdbody, open-close) biggestgrnbody = max(biggestgrnbody, close-open) if close > open then up = up + (close - open) upcount = upcount + 1 endif if close < open then down = down + (open - close) downcount = downcount + 1 endif upave = up/upcount downave = down/downcount upmult = biggestgrnbody/upave downmult = biggestrdbody/downave rnge = rnge + (high - low) rngecount = rngecount + 1 rngeave = rnge/rngecount rngemult = biggestrnge/rngeave if biggest then biggestrnge1 = biggestrnge biggestrdbody1 = biggestrdbody biggestgrnbody1 = biggestgrnbody else biggestrnge1 = 0 biggestrdbody1 = 0 biggestgrnbody1 = 0 endif if averages then upave1 = upave downave1 = downave rngeave1 = rngeave else upave1 = 0 downave1 = 0 rngeave1 = 0 endif if multiples then upmult1 = upmult downmult1 = downmult rngemult1 = rngemult else upmult1 = 0 downmult1 = 0 rngemult1 = 0 endif return biggestrnge1 as "Biggest Range", biggestrdbody1 coloured(128,0,0) as "Biggest Red Body" , biggestgrnbody1 coloured(0,128,0) as "Biggest Green Body", upave1 coloured(0,128,0) as "Green Body Average", downave1 coloured(128,0,0) as "Red Body Average",upmult1 coloured(0,128,0) as "Biggest Green Body as Multiple of Average", downmult1 coloured(128,0,0) as "Biggest Red Body as Multiple of Average", rngeave1 coloured(0,0,0) as "Range Average", rngemult1 coloured(0,0,0) as "Biggest Range as Multiple of Average"

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  //Body and Range History Indicator //By Vonasi //09122018   //Biggest = 1 //1 = plot biggest //Averages = 1 //1 = Plot Averages //Multiples = 1 //1 = Plot Multiples   biggestrnge = max(biggestrnge,high-low) biggestrdbody = max(biggestrdbody, open-close) biggestgrnbody = max(biggestgrnbody, close-open)   if close > open then up = up + (close - open) upcount = upcount + 1 endif   if close < open then down = down + (open - close) downcount = downcount + 1 endif   upave = up/upcount downave = down/downcount   upmult = biggestgrnbody/upave downmult = biggestrdbody/downave   rnge = rnge + (high - low) rngecount = rngecount + 1 rngeave = rnge/rngecount rngemult = biggestrnge/rngeave   if biggest then biggestrnge1 = biggestrnge biggestrdbody1 = biggestrdbody biggestgrnbody1 = biggestgrnbody else biggestrnge1 = 0 biggestrdbody1 = 0 biggestgrnbody1 = 0 endif   if averages then upave1 = upave downave1 = downave rngeave1 = rngeave else upave1 = 0 downave1 = 0 rngeave1 = 0 endif   if multiples then upmult1 = upmult downmult1 = downmult rngemult1 = rngemult else upmult1 = 0 downmult1 = 0 rngemult1 = 0 endif   return biggestrnge1 as "Biggest Range", biggestrdbody1 coloured(128,0,0) as "Biggest Red Body" , biggestgrnbody1 coloured(0,128,0) as "Biggest Green Body", upave1 coloured(0,128,0) as "Green Body Average", downave1 coloured(128,0,0) as "Red Body Average",upmult1 coloured(0,128,0) as "Biggest Green Body as Multiple of Average", downmult1 coloured(128,0,0) as "Biggest Red Body as Multiple of Average", rngeave1 coloured(0,0,0) as "Range Average", rngemult1 coloured(0,0,0) as "Biggest Range as Multiple of Average"

  I wrote the above indicator to show what the biggest ever range, red body and green body size has been. It also calculates all time averages and what the biggest range and body sizes are as multiples of the average.

  Here is the ITF file:

  Body-and-Range-History

  I post it here just in case it is of interest to anyone. It is interesting to see how the average range and body size on the SP500 weekly for example has dramatically increased since computer trading started to be a thing in the mid 90’s. Also if we know what the extremes have been and what the averages are then we have a little bit more knowledge of what might happen in the future. It is interesting to note that one week ago the SP500 weekly had a biggest ever green body sized candle. Usually in the past big greens have been accompanied by big reds but maybe now due to all the tools put in place to prevent market crashes we won’t see one. There hasn’t been a bigger red bodied candle since the 2008 crash which was when a lot of the crash prevention anti shorting tools were put into place.

  

  

   

  

  Vonasi

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  12/09/2018 at 7:52 PM #86629
  pippo999

  Hello @Vanosi, great Work.

  Could you help me or other guys here in the community to programme a code. Need to open a new Topic ?

  Best regards, Giuseppe

  

  pippo999

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  12/09/2018 at 8:11 PM #86630
  Vonasi

  pippo999 – It is best to start a new topic with a new idea. There are several helpful coders (many much better than me!) who I’m sure will be able to help turn your idea into a strategy or even maybe tell you why your idea is not such a good idea from their experience.

  

  Vonasi

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