Support Board
Date/Time: Mon, 24 Feb 2025 06:16:40 +0000
Post From: Does SC have a one time framing up and one time framing down indicator?
| [2021-03-03 11:30:03] |
| User877753 - Posts: 152 |
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It's really interesting, we are closer to the solution. This LSHL is a good idea. I suggest the following : One Time Framing - Up: The chart enters the OTF - Up state if L[2] <= L[1]- N*s && L[1] <= L - N*s --> The chart has a clean start : 2 consecutive strict Higher Lows. Using the N*s allows to normalize the step and is in line with the condition below. Once in such a state, the chart exits the OTF - Up state if: LSHL - N*s > L, where LSHL[0] = L[0], and for t > 0 LSHL = max(LSHL[1],L[1]) // As soon as the retracement beyond "the tolerance ticks" occurs, One Time Framing - Up ceases. Note : on 3 consecutive compressing bars (ie H[2] >H[1]>H && L[2]<L[1]<L), you will have both states for the last Bar : OTF UP and OTF Down. This won't last, as chart never compresses forever. What do you think about this ? |