Swingcounter indicator – Nico Bakker

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Viewing 7 posts - 1 through 7 (of 7 total)
  • 03/22/2017 at 4:09 PM #29462
    JohnVS

    Hi,

    I would like to know if anyone is familiar with the swingcounter by TA analyst Nico Bakker

    Its a counter that checks for a prise being higher then the 3 days before and then puts a 1 above the prise. This should

    continue until a maximum of 9. Same counts for the lower.

    It should look like the picyure below.

     

    Thank for any help

    rgd

    John

    03/22/2017 at 4:38 PM #29468
    GraHal

    I’m not and it doesn’t look I will be 🙂 after a very brief search on google … I youtube video in german? ha I’ll see if video can be auto-translated.

    Looks straightforward though … I guess after 9 bars we are at a likely turning point / top / bottom?

    I’d like to test it out if we can get it coded?

    Thanks
    GraHal

    PS Oh here we are … I’ll check this out http://www.nicoprbakker.nl/educatie/

    03/22/2017 at 6:41 PM #29487
    JohnVS

    Hi Grahal

    After #9 the run is done or should be done in any case 9 is the maximum Up or down.

    After that cycle starts over.

    On the 10th bar it should check again and start with 1 if the condition is reached again either up or down

    Yes that website should make it all clear.

    thanks for your help in advance

    rgds

    John

    03/22/2017 at 7:48 PM #29500
    Nicolas

    If you explain me how it counts from 1 to 9 (the condition), I could help to make the indicator.

    03/22/2017 at 8:02 PM #29502
    JohnVS

    Hi Nicolas

    The upswing should start if the opening price is higher then the closing price of 3 days ago

    It should check that until the maximum of 9 is reached then it should always stop. 10 can never be there

    For the downswing the same; opening price should be lower then the closing price of 3 days ago again with 9 as maximum

    If the price keeps going up or down a new swing starts with 1 again with 1 day in between the 9 and first new 1

    After a reversal it is possible to go directly to 1, so if there  is a upswing till 9 and the price goes way down (see condition) it should start to count the other way

    Please check the picture i included in the previous post.

    Hope this helps a little

    thank in advance

    rgds

    John

     

     

    03/26/2017 at 11:48 AM #29904
    JohnVS

    I see my last post didnt come through.

    So here again. the number i gave was incorrect it should be 4 days back not 3.

    Hope you can work something out

    rgds

    John

     

    03/28/2017 at 11:14 AM #30103
    Nicolas

    We are discussing about the swingcounter indicator in this topic now: (translation from a ProTrader code)

    https://www.prorealcode.com/topic/rewrite-code-to-prorealtime-code/#post-30082

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