Support Board
Date/Time: Tue, 11 Mar 2025 01:24:07 +0000
Post From: Two Legged Pullback Indicator
| [2022-04-17 12:11:36] |
| User871209 - Posts: 91 |
|
# "Normal" PullBack Zone # Attempting to define a typical pullback area using imp_volatility() # v.01 7.31.18 # Nube input AcceptableBarsToEntry = 7; input HeadroomTicks = 1; input Fixins = no; def c = close; def na = Double.NaN; def bn = BarNumber(); def tick = TickSize(); def firstThing = Average(c,20); def secondThing = Average(c,100); def upCross = c > secondThing && firstThing crosses above secondThing; def upStop = c crosses below secondThing; def downCross = c < secondThing && firstThing crosses below secondThing; def downStop = c crosses above firstThing; def iv = if !IsNaN(imp_volatility()) then imp_volatility() else iv[1]; def SD1 = c * iv * Sqrt((AcceptableBarsToEntry/(AggregationPeriod.DAY/GetAggregationPeriod())) / 365); def SD2 = SD1 * 2; def buyBar = if upCross then bn else buyBar[1]; def buyStop = if bn == buyBar then c - SD2 - tick * HeadroomTicks else if upStop then na else buyStop[1]; def buyPrice = if bn == buyBar then c else buyPrice[1]; def buyRetrace = if bn == buyBar then c - SD1 else if upStop then na else buyRetrace[1]; def buyRiskOff = if bn == buyBar then c + SD1 else if upStop then na else buyRiskOff[1]; def sellBar = if downCross then bn else sellBar[1]; def sellPrice = if bn == sellBar then c else sellPrice[1]; def sellStop = if bn == sellBar then c + SD2 + tick * HeadroomTicks else if downStop then na else sellStop[1]; def sellRetrace = if bn == sellBar then c + SD1 else if downStop then na else sellRetrace[1]; def sellRiskOff = if bn == sellBar then c - SD1 else if downStop then na else sellRiskOff[1]; plot LongEntry; LongEntry. SetDefaultColor(CreateColor(100,200,100)); LongEntry. SetPaintingStrategy(PaintingStrategy.Arrow_Up); LongEntry = if bn == buyBar then low - tick * HeadroomTicks else na; plot LongRetrace = Round(buyRetrace,2); LongRetrace. SetStyle(Curve.Short_Dash); LongRetrace. SetDefaultColor(CreateColor(100,200,100)); plot LongStop = Round(buyStop,2); LongStop. SetDefaultColor(CreateColor(200,100,100)); LongStop. SetStyle(Curve.Firm); plot LongRiskOff = Round(buyRiskOff,2); LongRiskOff. SetDefaultColor(Color.Pink); LongRiskOff. SetStyle(Curve.Medium_Dash); plot ShortEntry; ShortEntry. SetDefaultColor(CreateColor(200,100,100)); ShortEntry. SetPaintingStrategy(PaintingStrategy.Arrow_Down); ShortEntry = if bn == sellBar then high + tick * HeadroomTicks else na; plot ShortRetrace = Round(sellRetrace,2); ShortRetrace. SetStyle(Curve.Short_Dash); ShortRetrace. SetDefaultColor(CreateColor(200,100,100)); plot ShortStop = Round(sellStop,2); ShortStop. SetDefaultColor(CreateColor(100,200,100)); ShortStop. SetStyle(Curve.Firm); plot ShortRiskOff = Round(sellRiskOff,2); ShortRiskOff. SetDefaultColor(CreateColor(155,225,155)); ShortRiskOff. SetStyle(Curve.Medium_Dash); AddChartBubble(Fixins && LongEntry, LongStop, "Long Stop \n" +LongStop, Color.Red,0); AddChartBubble(Fixins && LongEntry, LongRiskOff, "Long Risk Off: " +LongRiskOff+ "\n 1 SD: "+ Round(SD1,2), Color.Pink); AddChartBubble(Fixins && ShortEntry, ShortStop, "Short Stop \n" +ShortStop, Color.Green); AddChartBubble(Fixins && ShortEntry, ShortRiskOff, "Short Risk Off: " +ShortRiskOff+ "\n 1 SD: "+ Round(SD1,2), CreateColor(155,225,155), 0); def LE = if !IsNaN(c) then buyPrice else na; def SE = if !IsNaN(c) then sellPrice else na; AddCloud(if (Fixins, LE, na), LongRetrace, CreateColor(155,225,155)); AddCloud(if (Fixins, ShortRetrace, na), SE, Color.Pink); # f/ "Normal" PullBack Zone |