School Run style strategy indicator to Pro Build

This topic has 6 replies, 3 voices, and was last updated 1 week ago by coincatcha.

Viewing 7 posts - 1 through 7 (of 7 total)

01/14/2025 at 3:01 PM #242549

Darren L

Hello everyone.
Thank you for this amazing resource. What a great place on the internet.

I have a pine script indicator that my friend has written for Trading View and we are wanting to backtest further with ProReal Time.

Can anyone do a conversion of this script please?

If there’s any possibillity of adding Day of the week and Date to the label I would be most grateful but i’d be very happy with just the conversion if its not possible.

Mega thanks.

Darren

// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

// © fx_huebner

//@version=5

indicator(title=”RR Lines_V3″, overlay=true, precision = 3)

//Input Options Full / Half / custom

cfRangeLong = input.bool(false, “CR_Full Long”)

cfRangeShort = input.bool(false, “CR_Full Short”)

chRangeLong = input.bool(false, “CR_Half Long”)

chRangeShort = input.bool(false, “CR_Half Short”)

// Slippage for stop loss

slippage = input.float(0.06,”Padding”, inline= “B” )

//Time Options Input

// First to take care of the time. There isn’t a function for this without the date as well, so I just made my own.

i_hour = input.int(1, “Time (HH:mm)”,0, 23, 1, inline = “A”)

i_minute = input.int(0, “:”,0, 59, 1, inline = “A”)

// Then we need to create the options for the different days of the week. This allows for the most customization.

i_sunday = input.bool(true, “Sunday”)

i_monday = input.bool(true, “Monday”)

i_tuesday = input.bool(true, “Tuesday”)

i_wednesday = input.bool(true, “Wednesday”)

i_thursday = input.bool(true, “Thursday”)

i_friday = input.bool(true, “Friday”)

i_saturday = input.bool(true, “Saturday”)

start = input.time(timestamp(“01 Jan 2024 12:00 UTC+0”), “Start”)

end = input.time(timestamp(“25 Jan 2024 12:00 UTC+0”), “End”)

// Parameters

candleRange = (high-low)

customRange = (high + slippage)

customRangeL = (low – slippage)

halfRange = (candleRange / 2)

slipRange = (candleRange + slippage)

halfSlipRange = ((candleRange/2)+slippage)

//candleHigh = (high +0.02)

//candleLow = (low – 0.02)

//halfSlipRange = ((high + slippage) – (high – halfRange))

//@variable Checks the time of the candle and gets the day of the week as represented by numbers 1-7, starting on Sunday.

todayDay = dayofweek(time)

// Define Time for Candle

// Rewrote this function so that it does the same thing but now will use the variables from above.

candleTime(_hour, _mins) =>

// Created 2 variables that need to be true in order to return true.

isTimeMatch=hour==_hourandminute==_mins

isTodayShown=switchtodayDay

1=>i_sunday

2=>i_monday

3=>i_tuesday

4=>i_wednesday

5=>i_thursday

6=>i_friday

7=>i_saturday

isTimeMatchandisTodayShown

///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

/////////////////////////////////////////////////////////////////////////////////// Custom Range //////////////////////////////////////////////////////////////////////

/////////////////////////////////////////////////////////////////////////////////// CR Full Long///////////////////////////////////////////////////////////////////////

if time >= start and time <= end and candleTime(i_hour, i_minute) and (cfRangeLong == true)

//Buy Price

line.new(x1=time,y1=high+slippage+0.01,x2=time+86400000,y2=high+slippage+0.01,xloc=xloc.bar_time,color=color.yellow,style=line.style_dashed),

rrEntrycfRangeLongLabel=label.new (x=bar_index,y=high+slippage+0.01,color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(Buy) “+str.tostring (high+slippage+0.01,’#.000′)),

line.new(x1=time,y1=high+slippage,x2=time+1800,y2=high+slippage,xloc=xloc.bar_time,color=color.green,style=line.style_dashed),

// Stop Loss

line.new(x1=time,y1=low-0.01,x2=time+86400000,y2=low-0.01,xloc=xloc.bar_time,color=color.white,style=line.style_dashed)

rrSlcfRangeLongLabel=label.new (x=bar_index,y=low-0.01,color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(SL) “+str.tostring (low-0.01,’#.000′))

line.new(x1=time,y1=low,x2=time+900,y2=low,xloc=xloc.bar_time,color=color.green,style=line.style_dashed)

//1:1.5

line.new(x1=time,y1=customRange+ (slipRange*1.5),x2=time+86400000,y2=customRange+ (slipRange*1.5),xloc=xloc.bar_time,style=line.style_dashed)

rr1_5cfRangeLongLabel=label.new (x=bar_index,y= (high+slippage) + (slipRange*1.5),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(1.5) “+str.tostring ((high+slippage) + (slipRange*1.5),’#.000′))

//2:1

line.new(x1=time,y1= (high+slippage) + (slipRange*2),x2=time+86400000,y2= (high+slippage) + (slipRange*2),xloc=xloc.bar_time,style=line.style_dashed)

rrcfRangeLongLabel=label.new (x=bar_index,y= (high+slippage) + (slipRange*2),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(2) “+str.tostring ((high+slippage) + (slipRange*2),’#.000′))

//Take Profit 3:1

line.new(x1=time,y1= (high+slippage) + (slipRange*3),x2=time+86400000,y2= (high+slippage) + (slipRange*3),xloc=xloc.bar_time,color=color.orange,style=line.style_dashed)

rr3cfRangeLongLabel=label.new (x=bar_index,y= (high+slippage) + (slipRange*3),color=color.blue,style=label.style_none,size=size.small,textcolor=color.orange,text_font_family=font.family_monospace,text=”(3) “+str.tostring ((high+slippage) + (slipRange*3),’#.000′)),

//To the moon 14:1

//line.new(x1=time, y1= high + (slipRange*14), x2=time + 86400000, y2= high + (slipRange*14), xloc=xloc.bar_time, color = color.white, style = line.style_dashed)

//rr14cfRangeLongLabel = label.new (x=bar_index, y = high + (slipRange*14), color=color.blue, style=label.style_none, size=size.small,textcolor = color.orange, text_font_family = font.family_monospace, text = “(14) ” + str.tostring (high + (slipRange*14),’#.000′)),

//13:1

//line.new(x1=time, y1= high + (slipRange*13), x2=time + 86400000, y2= high + (slipRange*13), xloc=xloc.bar_time, color = color.white, style = line.style_dashed)

//rr13cfRangeLongLabel = label.new (x=bar_index, y = high + (slipRange*13), color=color.blue, style=label.style_none, size=size.small,textcolor = color.orange, text_font_family = font.family_monospace, text = “(13) ” + str.tostring (high + (slipRange*13),’#.000′)),

myLabel=label.new(x=bar_index,y=high,color=color.white,

style=label.style_label_up,size=size.small,

text=

“H: “+str.tostring(high) +

“\nL: “+str.tostring(low) +

“\nR: “+str.tostring(candleRange) +

“\nHR: “+str.tostring((low+halfRange) ))

//”\nSS: ” + str.tostring(high + 0.07))

// Modify the label’s y-axis behaviour; show it below the price bar

label.set_yloc(id=myLabel,yloc=yloc.belowbar)

//////////////////////////////////////////////////////////////////////// CR Full Short //////////////////////////////////////////////////////////////////////////////////////////

if time >= start and time <= end and candleTime(i_hour, i_minute) and (cfRangeShort == true)

// Buy Price

line.new(x1=time,y1=low-slippage-0.01,x2=time+86400000,y2=low-slippage-0.01,xloc=xloc.bar_time,color=color.yellow,style=line.style_dashed)

rrEntrycfRangeShortLabel=label.new (x=bar_index,y= (low-slippage-0.01),color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(BUY) “+str.tostring (low-slippage-0.01,’#.000′))

line.new(x1=time,y1=low-slippage,x2=time+900,y2=low-slippage,xloc=xloc.bar_time,color=color.green,style=line.style_dashed)

//Stop Loss

line.new(x1=time,y1=high+0.01,x2=time+86400000,y2=high+0.01,xloc=xloc.bar_time,color=color.white,style=line.style_dashed)

rrSlcfRangeShortLabel=label.new (x=bar_index,y=high+0.01,color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(SL) “+str.tostring (high+0.01,’#.000′))

line.new(x1=time,y1=high,x2=time+900,y2=high,xloc=xloc.bar_time,color=color.green,style=line.style_dashed)

// 1:1.5

line.new(x1=time,y1=customRangeL- (slipRange*1.5),x2=time+86400000,y2=customRangeL- (slipRange*1.5),xloc=xloc.bar_time,style=line.style_dashed)

rr1_5cfShortLabel=label.new (x=bar_index,y=customRangeL- (slipRange*1.5),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(1.5) “+str.tostring (customRangeL- (slipRange*1.5),’#.000′))

//2:1

line.new(x1=time,y1=customRangeL- (slipRange*2),x2=time+86400000,y2=customRangeL- (slipRange*2),xloc=xloc.bar_time,style=line.style_dashed)

rr2cfShortLabel=label.new (x=bar_index,y=customRangeL- (slipRange*2),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(2) “+str.tostring (customRangeL- (slipRange*2),’#.000′))

// 3:1 Take Profit

line.new(x1=time,y1=customRangeL- (slipRange*3),x2=time+86400000,y2=customRangeL- (slipRange*3),xloc=xloc.bar_time,color=color.orange,style=line.style_dashed)

rr3cfShortLabel=label.new (x=bar_index,y=customRangeL- (slipRange*3),color=color.orange,style=label.style_none,size=size.small,textcolor=color.orange,text_font_family=font.family_monospace,text=”(3) “+str.tostring (customRangeL- (slipRange*3),’#.000′))

// To the moon 4:1

//line.new(x1 = time, y1 = low – (candleRange*4), x2 = time + 86400000, y2 = low – (candleRange*4), xloc = xloc.bar_time),

myLabel=label.new(x=bar_index,y=high,color=color.white,

style=label.style_label_down,size=size.small,

text=

“H: “+str.tostring(high) +

“\nL: “+str.tostring(low) +

“\nR: “+str.tostring(candleRange,’#.000′) +

“\nHR: “+str.tostring((low+halfRange )))

//”\nSS: ” + str.tostring(high + 0.07))

// Modify the label’s y-axis behaviour; show it below the price bar

label.set_yloc(id=myLabel,yloc=yloc.abovebar)

////////////////////////////////////////////////////////////// CR Half Long ////////////////////////////////////////////////////////////////////////////////

if time >= start and time <= end and candleTime(i_hour, i_minute) and (chRangeLong == true)

// Buy Price

line.new(x1=time,y1=high+slippage+0.01,x2=time+86400000,y2=high+slippage+0.01,xloc=xloc.bar_time,color=color.yellow,style=line.style_dashed)

rrEntrychRangeLongLabel=label.new (x=bar_index,y= (high+slippage+0.01),color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(BUY) “+str.tostring (high+slippage+0.01,’#.000′))

line.new(x1=time,y1=high+slippage,x2=time+900,y2=high+slippage,xloc=xloc.bar_time,color=color.green,style=line.style_dashed)

//Stop Loss

line.new(x1=time,y1=high-halfRange-0.01,x2=time+86400000,y2=high-halfRange-0.01,xloc=xloc.bar_time,color=color.white,style=line.style_dashed)

rrSlchRangeLongLabel=label.new (x=bar_index,y= (high-halfRange-0.01),color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(SL) “+str.tostring (high-halfRange-0.01,’#.000′))

line.new(x1=time,y1=high-halfRange,x2=time+900,y2=high-halfRange,xloc=xloc.bar_time,color=color.green,style=line.style_dashed)

// 1:1.5

line.new(x1=time,y1=customRange+ (halfSlipRange*1.5),x2=time+86400000,y2=customRange+ (halfSlipRange*1.5),xloc=xloc.bar_time,style=line.style_dashed)

rr1_5chRangeLongLabel=label.new (x=bar_index,y=customRange+ (halfSlipRange*1.5),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(1.5) “+str.tostring (customRange+ (halfSlipRange*1.5),’#.000′))

//2:1

line.new(x1=time,y1=customRange+ (halfSlipRange*2),x2=time+86400000,y2=customRange+ (halfSlipRange*2),xloc=xloc.bar_time,style=line.style_dashed)

rr2chRangeLongLabel=label.new (x=bar_index,y=customRange+ (halfSlipRange*2),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(2) “+str.tostring (customRange+ (halfSlipRange*2),’#.000′))

// 3:1 Take Profit

line.new(x1=time,y1=customRange+ (halfSlipRange*3),x2=time+86400000,y2=customRange+ (halfSlipRange*3),xloc=xloc.bar_time,color=color.orange,style=line.style_dashed)

rr3chRangeLongLabel=label.new (x=bar_index,y=customRange+ (halfSlipRange*3),color=color.blue,style=label.style_none,size=size.small,textcolor=color.orange,text_font_family=font.family_monospace,text=”(3) “+str.tostring (customRange+ (halfSlipRange*3),’#.000′)),

// To the moon 4:1

//line.new(x1 = time, y1 = high + (halfRange*4), x2 = time + 86400000, y2 = high + (halfRange*4), xloc = xloc.bar_time),

myLabel=label.new(x=bar_index,y=high,color=color.white,

style=label.style_label_up,size=size.small,

text=

“H: “+str.tostring(high) +

“\nL: “+str.tostring(low) +

“\nR: “+str.tostring(candleRange) +

“\nHR: “+str.tostring(low+halfRange))

//”\nSS: ” + str.tostring(high + 0.07))

// Modify the label’s y-axis behaviour; show it below the price bar

label.set_yloc(id=myLabel,yloc=yloc.belowbar)

/////////////////////////////////////////////////////////////////////////////// CR Half Short //////////////////////////////////////////////////////////////////////////////

if time >= start and time <= end and candleTime(i_hour, i_minute) and (chRangeShort == true)

// Buy Price

line.new(x1=time,y1=customRangeL-0.01,x2=time+86400000,y2=customRangeL-0.01,xloc=xloc.bar_time,color=color.yellow,style=line.style_dashed)

rrEntrychRangeShortLabel=label.new (x=bar_index,y=customRangeL-0.01,color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(BUY) “+str.tostring (customRangeL-0.01,’#.000′))

line.new(x1=time,y1=customRangeL,x2=time+900,y2=customRangeL,xloc=xloc.bar_time,color=color.green,style=line.style_dashed)

//Stop Loss

line.new(x1=time,y1=low+halfRange+0.01,x2=time+86400000,y2=halfRange+low+0.01,xloc=xloc.bar_time,color=color.white,style=line.style_dashed)

rrSlchRangeShortLabel=label.new (x=bar_index,y= (low+halfRange+0.01),color=color.blue,style=label.style_none,size=size.small,textcolor=color.white,text_font_family=font.family_monospace,text=”(SL) “+str.tostring (low+halfRange+0.01,’#.000′))

line.new(x1=time,y1=low+halfRange,x2=time+900,y2=halfRange+low,xloc=xloc.bar_time,color=color.green,style=line.style_dashed)

// 1:1.5

line.new(x1=time,y1=customRangeL- (halfSlipRange*1.5),x2=time+86400000,y2=customRangeL- (halfSlipRange*1.5),xloc=xloc.bar_time,style=line.style_dashed)

rr1_5chRangeShortLabel=label.new (x=bar_index,y=customRangeL- (halfSlipRange*1.5),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(1.5) “+str.tostring (customRangeL- (halfSlipRange*1.5),’#.000′)),

//2:1

line.new(x1=time,y1=customRangeL- (halfSlipRange*2),x2=time+86400000,y2=customRangeL- (halfSlipRange*2),xloc=xloc.bar_time,style=line.style_dashed)

rr2chRangeShortLabel=label.new (x=bar_index,y=customRangeL- (halfSlipRange*2),color=color.blue,style=label.style_none,size=size.small,textcolor=color.blue,text_font_family=font.family_monospace,text=”(2) “+str.tostring (customRangeL- (halfSlipRange*2),’#.000′)),

// 3:1 Take Profit

line.new(x1=time,y1=customRangeL- (halfSlipRange*3),x2=time+86400000,y2=customRangeL- (halfSlipRange*3),xloc=xloc.bar_time,color=color.orange,style=line.style_dashed)

rr3chRangeShortLabel=label.new (x=bar_index,y=customRangeL- (halfSlipRange*3),color=color.orange,style=label.style_none,size=size.small,textcolor=color.orange,text_font_family=font.family_monospace,text=”(3) “+str.tostring (customRangeL- (halfSlipRange*3),’#.000′)),

// To the moon 4:1

//line.new(x1 = time, y1 = low – (halfRange*4), x2 = time + 86400000, y2 = low – (halfRange*4), xloc = xloc.bar_time),

myLabel=label.new(x=bar_index,y=high,color=color.white,

style=label.style_label_down,size=size.small,

text=

“H: “+str.tostring(high) +

“\nL: “+str.tostring(low) +

“\nR: “+str.tostring(candleRange) +

“\nHR: “+str.tostring(high-halfRange))

//”\nSS: ” + str.tostring(high + 0.07))

// Modify the label’s y-axis behaviour; show it below the price bar

label.set_yloc(id=myLabel,yloc=yloc.abovebar)

1 user thanked author for this post.

coincatcha

Darren L

Participant

Topics: 1

Replies: 2

Been thanked: 1 time

01/14/2025 at 4:58 PM #242561

Iván

It would be great if you share also screenshots…

Iván

Moderator

Topics: 0

Replies: 1229

Been thanked: 442 times

01/14/2025 at 5:06 PM #242562

Darren L

Hey Ivan

Screenshots attached. The indicator can be set to be long/short or both. The indicator shows entry, SL (stop loss) and then 1.5RR 2RR and 3RR price targets.

I set the anchor candle to 9:15am usually to start the trade on 9:30 ES Time.

Hope that helps.

Darren L

Participant

Topics: 1

Replies: 2

Been thanked: 1 time

01/16/2025 at 1:37 AM #242667

coincatcha

I think this would be very useful indeed, I am currently looking into testing the same signal for the ASX200

coincatcha

Participant

Topics: 3

Replies: 38

Been thanked: 16 times

01/16/2025 at 9:58 AM #242670

Iván

Hi!

Here you have the code:

//-------------------------------------------------//
//PRC_RR Lines
//version = 0
//16.01.25
//Iván González @ www.prorealcode.com
//Sharing ProRealTime knowledge
//-------------------------------------------------//
// Inputs
//-------------------------------------------------//
StartDate=20250115
StartTime=153000
slippage=0.06
cfRangeLong=1
cfRangeShort=0
chRangeLong=0
chRangeShort=0
//-------------------------------------------------//
// parameters
//-------------------------------------------------//
candleRange=high-low
customRange=high+slippage
customRangeL=low-slippage
halfRange=candleRange/2
slipRange=candleRange+slippage
halfSlipRange=((candleRange/2)+slippage)
atr=averagetruerange[14](close)
//-------------------------------------------------//
// Custom Range Full Long
//-------------------------------------------------//
if opentime>=starttime and opentime[1]<starttime and opendate=startdate and cfRangeLong then
//Buyprice
buyprice=high+slippage+0.01
Drawsegment(barindex,buyprice,barindex+50,buyprice)coloured("green")style(dottedline3,2)
drawtext("Buy #buyprice#",barindex+25,buyprice+atr*0.25)coloured("blue")
//Stop loss
stoploss=low-0.01
Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)
drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")
//1:1.5
tp1=customrange+1.5*sliprange
Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)
drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")
//2:1
tp2=customrange+2*sliprange
Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)
drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")
//3:1
tp3=customrange+3*sliprange
Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)
drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")
endif
//-------------------------------------------------//
// Custom Range Full Short
//-------------------------------------------------//
if opentime>=starttime and opentime[1]<starttime and opendate=startdate and cfRangeShort then
//Shortprice
Shortprice=low-slippage-0.01
Drawsegment(barindex,Shortprice,barindex+50,Shortprice)coloured("green")style(dottedline3,2)
drawtext("Short #Shortprice#",barindex+25,Shortprice+atr*0.25)coloured("blue")
//Stop loss
stoploss=high+0.01
Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)
drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")
//1:1.5
tp1=customrangeL-1.5*sliprange
Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)
drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")
//2:1
tp2=customrangeL-2*sliprange
Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)
drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")
//3:1
tp3=customrangeL-3*sliprange
Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)
drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")
endif
//-------------------------------------------------//
// Custom Range Half Long
//-------------------------------------------------//
if opentime>=starttime and opentime[1]<starttime and opendate=startdate and chRangeLong then
//Buyprice
buyprice=high+slippage+0.01
Drawsegment(barindex,buyprice,barindex+50,buyprice)coloured("green")style(dottedline3,2)
drawtext("Buy #buyprice#",barindex+25,buyprice+atr*0.25)coloured("blue")
//Stop loss
stoploss=high-halfrange-0.01
Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)
drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")
//1:1.5
tp1=customrange+1.5*halfsliprange
Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)
drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")
//2:1
tp2=customrange+2*halfsliprange
Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)
drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")
//3:1
tp3=customrange+3*halfsliprange
Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)
drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")
endif
//-------------------------------------------------//
// Custom Range Half Short
//-------------------------------------------------//
if opentime>=starttime and opentime[1]<starttime and opendate=startdate and chRangeShort then
//Shortprice
Shortprice=customRangeL-0.01
Drawsegment(barindex,Shortprice,barindex+50,Shortprice)coloured("green")style(dottedline3,2)
drawtext("Short #Shortprice#",barindex+25,Shortprice+atr*0.25)coloured("blue")
//Stop loss
stoploss=low+halfrange+0.01
Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)
drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")
//1:1.5
tp1=customrangeL-1.5*halfsliprange
Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)
drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")
//2:1
tp2=customrangeL-2*halfsliprange
Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)
drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")
//3:1
tp3=customrangeL-3*halfsliprange
Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)
drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")
endif
//-------------------------------------------------//
return

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

//-------------------------------------------------//

//PRC_RR Lines

//version = 0

//16.01.25

//Iván González @ www.prorealcode.com

//Sharing ProRealTime knowledge

//-------------------------------------------------//

// Inputs

//-------------------------------------------------//

StartDate=20250115

StartTime=153000

slippage=0.06

cfRangeLong=1

cfRangeShort=0

chRangeLong=0

chRangeShort=0

//-------------------------------------------------//

// parameters

//-------------------------------------------------//

candleRange=high-low

customRange=high+slippage

customRangeL=low-slippage

halfRange=candleRange/2

slipRange=candleRange+slippage

halfSlipRange=((candleRange/2)+slippage)

atr=averagetruerange[14](close)

//-------------------------------------------------//

// Custom Range Full Long

//-------------------------------------------------//

if opentime>=starttime and opentime[1]<starttime and opendate=startdate and cfRangeLong then

//Buyprice

buyprice=high+slippage+0.01

Drawsegment(barindex,buyprice,barindex+50,buyprice)coloured("green")style(dottedline3,2)

drawtext("Buy #buyprice#",barindex+25,buyprice+atr*0.25)coloured("blue")

//Stop loss

stoploss=low-0.01

Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)

drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")

//1:1.5

tp1=customrange+1.5*sliprange

Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)

drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")

//2:1

tp2=customrange+2*sliprange

Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)

drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")

//3:1

tp3=customrange+3*sliprange

Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)

drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")

endif

//-------------------------------------------------//

// Custom Range Full Short

//-------------------------------------------------//

if opentime>=starttime and opentime[1]<starttime and opendate=startdate and cfRangeShort then

//Shortprice

Shortprice=low-slippage-0.01

Drawsegment(barindex,Shortprice,barindex+50,Shortprice)coloured("green")style(dottedline3,2)

drawtext("Short #Shortprice#",barindex+25,Shortprice+atr*0.25)coloured("blue")

//Stop loss

stoploss=high+0.01

Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)

drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")

//1:1.5

tp1=customrangeL-1.5*sliprange

Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)

drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")

//2:1

tp2=customrangeL-2*sliprange

Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)

drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")

//3:1

tp3=customrangeL-3*sliprange

Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)

drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")

endif

//-------------------------------------------------//

// Custom Range Half Long

//-------------------------------------------------//

if opentime>=starttime and opentime[1]<starttime and opendate=startdate and chRangeLong then

//Buyprice

buyprice=high+slippage+0.01

Drawsegment(barindex,buyprice,barindex+50,buyprice)coloured("green")style(dottedline3,2)

drawtext("Buy #buyprice#",barindex+25,buyprice+atr*0.25)coloured("blue")

//Stop loss

stoploss=high-halfrange-0.01

Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)

drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")

//1:1.5

tp1=customrange+1.5*halfsliprange

Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)

drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")

//2:1

tp2=customrange+2*halfsliprange

Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)

drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")

//3:1

tp3=customrange+3*halfsliprange

Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)

drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")

endif

//-------------------------------------------------//

// Custom Range Half Short

//-------------------------------------------------//

if opentime>=starttime and opentime[1]<starttime and opendate=startdate and chRangeShort then

//Shortprice

Shortprice=customRangeL-0.01

Drawsegment(barindex,Shortprice,barindex+50,Shortprice)coloured("green")style(dottedline3,2)

drawtext("Short #Shortprice#",barindex+25,Shortprice+atr*0.25)coloured("blue")

//Stop loss

stoploss=low+halfrange+0.01

Drawsegment(barindex,stoploss,barindex+50,stoploss)coloured("red")style(dottedline3,2)

drawtext("SL #stoploss#",barindex+25,stoploss+atr*0.25)coloured("blue")

//1:1.5

tp1=customrangeL-1.5*halfsliprange

Drawsegment(barindex,tp1,barindex+50,tp1)coloured("blue")style(dottedline3,2)

drawtext("(1) #tp1#",barindex+25,tp1+atr*0.25)coloured("blue")

//2:1

tp2=customrangeL-2*halfsliprange

Drawsegment(barindex,tp2,barindex+50,tp2)coloured("blue")style(dottedline3,2)

drawtext("(2) #tp2#",barindex+25,tp2+atr*0.25)coloured("blue")

//3:1

tp3=customrangeL-3*halfsliprange

Drawsegment(barindex,tp3,barindex+50,tp3)coloured("blue")style(dottedline3,2)

drawtext("(3) #tp3#",barindex+25,tp3+atr*0.25)coloured("blue")

endif

//-------------------------------------------------//

return

1 user thanked author for this post.

coincatcha

Iván

Moderator

Topics: 0

Replies: 1229

Been thanked: 442 times

02/04/2025 at 1:53 PM #243446

Darren L

Hi Ivan and everyone else.

It’s taken a lot longer than expected to load the indicator but i’ve now done it. Currently I only see the long side to the indicator and the short side doesn’t load. I’ll post screenshots to show you what happens in prorealtime and what should happen in if it were in TradingView.

Is it possible to remove the 1R:1 line and instead add a 4:1 and a 5:1 reward to risk line please? If 3R, 4R and 5R are all in different colours that would be great.

I have updated the TradingView pine script code to include 4:1 and 5:1. let me know if you want me to supply the updated pinescript code.

Thanks,
Darren

Darren L

Participant

Topics: 1

Replies: 2

Been thanked: 1 time

02/10/2025 at 11:43 AM #243678

coincatcha

Hi Darren,

Ivan has given us customisations!

If you load the indicator on the price chart, you can click on it and use ‘Configure’ with the spanner symbol. Look below Start Date and Slippage. Check the box CFRangeShort and you will have short targets printed same as the long.

As for the other requests you may have to adapt that in your code provided. You could just copy/paste “tp3=customrange+3*sliprange” and add TP4 etc using the block of code for each drawing description. The colour can be changed there too.

I’m testing this out and looks like a pretty fun way to deal with opening drives on my market. Beware the double losses though, I will only trade this once a day to minimise whipsaws.

What market do you trade this on?

1 user thanked author for this post.

Iván

coincatcha

Participant

Topics: 3

Replies: 38

Been thanked: 16 times

Author

Posts

Viewing 7 posts - 1 through 7 (of 7 total)

Find exclusive trading pro-tools on