Supply & Demand Indicator

• 10/11/2022 at 7:30 AM #202281
  taklause

  Hello everyone,

  I m having trouble creating a Supply & Demand indicator.

  On the image below you see that the drawing is correct, but the values I m returning are not!

  The values are assigned in the same for loop with the same values that are drawn.

  But somehow it returns the values shifted.

  Can someone help me?

  Thanks Taklause

  

  taklause

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  10/11/2022 at 7:49 AM #202286
  Nicolas

  I did not look at the code, but if you return a value contained in a loop with RETURN, therefore the variable is returning the last value assigned in the loop (at the end of the loop or with a BREAK instruction).

  

  Nicolas

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  10/11/2022 at 7:53 AM #202287
  taklause

  ATR = AverageTrueRange[inspectingPeriods](close) currentSupplyIndex = 0 IF searchDirection = -1 THEN candleWidth = OPEN-CLOSE supplyLevelCandleSize = HIGHEST[inspectingPeriods](candleWidth) // GET LAST N CANDLESIZE (RED ARE POSITIVE) IF supplyLevelCandleSize > Filterthreshold*STD[inspectingPeriods](candleWidth) THEN // FILTER for ind = 0 to inspectingPeriods-1 DO IF supplyLevelCandleSize = OPEN[ind]-CLOSE[ind] THEN currentSupplyIndex = BARINDEX - ind DRAWARROWDOWN(currentSupplyIndex,OPEN[ind]) coloured(255,0,0) DRAWRECTANGLE(currentSupplyIndex,OPEN[ind],currentSupplyIndex+resetCounter,OPEN[ind]-ATR)coloured(255,0,0) eventCounter = 1 // START INCREMENTING demandOrSupplyZoneStart = OPEN[ind] // RETURN VALUE AT THE END demandOrSupplyZoneEnd = OPEN[ind]-ATR // RETURN VALUE AT THE END supplyOrDemand = searchDirection // RETURN VALUE AT THE END BREAK // conditions met, exit loop ENDIF NEXT ENDIF ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  ATR = AverageTrueRange[inspectingPeriods](close) currentSupplyIndex = 0 IF searchDirection = -1 THEN candleWidth = OPEN-CLOSE supplyLevelCandleSize = HIGHEST[inspectingPeriods](candleWidth) // GET LAST N CANDLESIZE (RED ARE POSITIVE) IF supplyLevelCandleSize > Filterthreshold*STD[inspectingPeriods](candleWidth) THEN // FILTER for ind = 0 to inspectingPeriods-1 DO IF supplyLevelCandleSize = OPEN[ind]-CLOSE[ind] THEN currentSupplyIndex = BARINDEX - ind DRAWARROWDOWN(currentSupplyIndex,OPEN[ind]) coloured(255,0,0) DRAWRECTANGLE(currentSupplyIndex,OPEN[ind],currentSupplyIndex+resetCounter,OPEN[ind]-ATR)coloured(255,0,0) eventCounter = 1 // START INCREMENTING   demandOrSupplyZoneStart = OPEN[ind] // RETURN VALUE AT THE END demandOrSupplyZoneEnd = OPEN[ind]-ATR // RETURN VALUE AT THE END supplyOrDemand = searchDirection // RETURN VALUE AT THE END   BREAK // conditions met, exit loop ENDIF NEXT ENDIF ENDIF

  This is one for loop. The demandOrSupplyZoneStart,demandOrSupplyZoneEnd and the supplyOrDemand flag are returned. They are initialized as a “once” variable. Therefore I would expect if the correct drawings are made, the values are accordingly assigned ? Shouldnt they?

  

  taklause

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  10/11/2022 at 10:33 AM #202297
  robertogozzi

  Try changing lines 15 and 16 with these two:

  demandOrSupplyZoneEnd = OPEN[ind]-ATR[ind] supplyOrDemand = searchDirection[ind]

  1 2	demandOrSupplyZoneEnd = OPEN[ind]-ATR[ind] supplyOrDemand = searchDirection[ind]

  and line 11 with:

  DRAWRECTANGLE(currentSupplyIndex,OPEN[ind],currentSupplyIndex+resetCounter,OPEN[ind]-ATR[ind])coloured(255,0,0)

  1	DRAWRECTANGLE(currentSupplyIndex,OPEN[ind],currentSupplyIndex+resetCounter,OPEN[ind]-ATR[ind])coloured(255,0,0)

   

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  taklause

  

  robertogozzi

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