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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: mark2market who wrote (93707)	6/23/2017 10:33:54 AM
From: Wayners	Respond to of 223379

This will show you when the HA candles will flip color. It extrapolates out one bar to give a best estimate of where the cloud will be on the next candle. It assumes where the cloud would be if the current candle closed right now and a new candle began at the current price. input agg = AggregationPeriod.DAY; def haclose = (open(period = agg) + high(period = agg) + low(period = agg) + close(period = agg)) / 4; def haopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (open(period = agg)[1] + close(period = agg)[1]) / 2); def haproject = (haopen[1] + haclose[1]) / 4 + (open(period = agg) + high(period = agg) + low(period = agg) + close(period = agg)) / 8; def currentbarnumber = HighestAll(If(IsNaN(close), 0, barNumber())); #in the following, the forecast is the then statement and the else statement is all other bars plot flip = if BarNumber() <= currentbarnumber then 8 * haproject[1] - 2 * (haopen[1] + haclose[1]) - open(period = agg) - high(period = agg) - low(period = agg) else 8 * haproject[1] - 2 * (haopen[1] + haclose[1]) - 3 * close(period = agg)[1] ; def zero = 0; flip.SetLineWeight(3); flip.SetDefaultColor(Color.VIOLET); AddCloud(flip, zero, Color.PINK, Color.PINK);

To: mark2market who wrote (93707)	6/23/2017 10:36:39 AM
From: Wayners	Respond to of 223379

This will draw a pivot line through the HA candles. Prices going below the pivot will tend to flip the next candle but it really shows you the center of mass. Its usefull as a crossover system against your favorite moving average or price level. input agg = AggregationPeriod.DAY; def haclose = (open(period = agg) + high(period = agg) + low(period = agg) + close(period = agg)) / 4; def haopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (open(period = agg)[1] + close(period = agg)[1]) / 2); plot haproject = (haopen[1] + haclose[1]) / 4 + (open(period = agg) + high(period = agg) + low(period = agg) + close(period = agg)) / 8; haproject.setlineweight(3); haproject.setdefaultcolor(color.white);

To: mark2market who wrote (93707)	6/23/2017 10:38:07 AM
From: Wayners	Read Replies (1) \| Respond to of 223379

This is the bollinger band cloud I use to estimate targets. When something goes into or out of the pink cloud while also going into or out of the blue bollinger cloud...I buy or sell. input agg=aggregationperiod.day; def price = close(period=agg); input displace = 0; input length = 33; input Num_Dev_Dn = -2.0; input Num_Dev_up = 2.0; input averageType = AverageType.Simple; def sDev = stdev(data = price[-displace], length); plot MidLine = MovingAverage(averageType, data = price[-displace], length = length); def LowerBand = MidLine + num_Dev_Dn * sDev; def UpperBand = MidLine + num_Dev_Up * sDev; MidLine.SetDefaultColor(Color.Orange); midline.setlineweight(3); input agg2=aggregationperiod.day; def price2 = close(period=agg); input displace2 = 0; input length2 = 66; input Num_Dev_Dn2 = -2.0; input Num_Dev_up2 = 2.0; input averageType2 = AverageType.Simple; def sDev2 = stdev(data = price2[-displace2], length = length2); def MidLine2 = MovingAverage(averageType2, data = price2[-displace2], length = length2); def LowerBand2 = MidLine2 + num_Dev_Dn2 * sDev2; def UpperBand2 = MidLine2 + num_Dev_Up2 * sDev2; addcloud(upperband,upperband2,color.cyan,color.cyan); addcloud(lowerband,lowerband2,color.cyan,color.cyan); def slope = (midline - midline[2])/2; def projslope = if !isNan(close(period=agg)) then slope else projslope[1]; def projline = if !isNan(close(period=agg)) then midline else projline[1] + projslope; plot line2 = projline; line2.setlineweight(3); line2.setdefaultcolor(color.orange);