Request coding for candles high / low in trend

• 09/18/2021 at 1:47 PM #177843
  phoentzs

  Hi there,
  I need a code for an indicator that shows the following rules. At best as a line similar to a Donchian?

  The following rules:

  H4 timeframe

  Bullish:
  EMA50> EMA50 [1]
  Red candle (open> close)
  Lowest high of the last RED CANDLE [5]

  Bearish:
  EMA50 <EMA50 [1]
  Green candle (close> open)
  highest low of the last GREEN CANDLE [5]

  In addition, only those candles of the respective color that are in line with the trend of the EMA specification are taken into account.

  The aim is to get a stop order at the respective point (high / low) as an entry condition for a trading system.
  It is important that only candles of the respective direction / color are taken into account and that the entry point is then determined.

  

  phoentzs

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  09/18/2021 at 2:02 PM #177844
  phoentzs

  Here is an instructional video of the original version of Long Hang Seng. I just added some rules of my own. Maybe you can also code the original setup to see which system is better? So two versions?

  Short:

  https://youtu.be/GeFNbMP_a_I

  Long:

  https://youtu.be/aeYq6IZEG0E

   

   

  

  phoentzs

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  09/18/2021 at 4:23 PM #177852
  robertogozzi

  Please:

  • post your rules in details explaining what to do with it (Lowest high of the last RED CANDLE [5] isn’t clear)
  • on which candle do you want the signal to be generated?

   

  

  robertogozzi

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  09/18/2021 at 4:59 PM #177855
  phoentzs

  Hang Seng’s original setup should explain the videos well.

  My setup in short:

  Long: EMA50 rises, stop buy order at the high of the lowest high of the last 5 RED candles.

  Short: EMA50 goes down, stop sell short order at the low of the highest low of the last 5 GREEN candles.

   

  Attached as a picture. Sorry for the quality. Created on the smartphone.

  

  phoentzs

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  09/18/2021 at 6:21 PM #177862
  phoentzs

  EurUsd short signals last week as a picture.

  

  phoentzs

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  09/19/2021 at 10:27 AM #177900
  robertogozzi

  There  you go:

  Offset = average[100,0](range) Ema50 = Average[50,1](close) EmaUP = Ema50 > Ema50[1] EmaDN = Ema50 < Ema50[1] Bullish = close > open Bearish = close < open Bulls = 0 Bears = 0 hh = 9999999 ll = 0 FOR i = 0 TO BarIndex IF Bullish[i] AND (Bulls < 5) THEN Bulls = Bulls + 1 ll = max(ll,low[i]) ENDIF IF Bearish[i] AND (Bears < 5) THEN Bears = Bears + 1 hh = min(hh,high[i]) ENDIF IF (Bulls >= 5) AND (Bears >= 5) THEN Break ENDIF NEXT IF Bullish AND EmaUP THEN IF close CROSSES OVER ll THEN DrawArrowUP(BarIndex,low - Offset) coloured(0,128,0,150) ENDIF ENDIF IF Bearish AND EmaDN THEN IF close CROSSES UNDER hh THEN DrawArrowDOWN(BarIndex,high + Offset) coloured(255,0,0,255) ENDIF ENDIF RETURN hh coloured(255,0,0,255) style(line,2) AS "SHORT entry",ll coloured(0,128,0,140) style(line,2) AS "LONG entry"

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  Offset  = average[100,0](range) Ema50   = Average[50,1](close) EmaUP   = Ema50 > Ema50[1] EmaDN   = Ema50 < Ema50[1] Bullish = close > open Bearish = close < open Bulls   = 0 Bears   = 0 hh      = 9999999 ll      = 0 FOR i = 0 TO BarIndex    IF Bullish[i] AND (Bulls < 5) THEN       Bulls = Bulls + 1       ll    = max(ll,low[i])    ENDIF    IF Bearish[i] AND (Bears < 5) THEN       Bears = Bears + 1       hh    = min(hh,high[i])    ENDIF    IF (Bulls >= 5) AND (Bears >= 5) THEN       Break    ENDIF NEXT IF Bullish AND EmaUP THEN    IF close CROSSES OVER ll THEN       DrawArrowUP(BarIndex,low - Offset) coloured(0,128,0,150)    ENDIF ENDIF IF Bearish AND EmaDN THEN    IF close CROSSES UNDER hh THEN       DrawArrowDOWN(BarIndex,high + Offset) coloured(255,0,0,255)    ENDIF ENDIF RETURN hh coloured(255,0,0,255) style(line,2) AS "SHORT entry",ll coloured(0,128,0,140) style(line,2) AS "LONG entry"

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  phoentzs

  

  robertogozzi

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