TTM/DDF Value Chart

[sean 10]

Can any one know how to program value-chart indicator as Show-me

 

Thanks in advance

Sean

[phill 10]

You should be able to insert the attached file (vc.eld) into Tradestation.

[sean 10]

VC is not ShowMe

[phill 10]

No, it's an indicator.

[sean 10]

i am looking to get over-B and over-S (+8 or -8 )reading from valuechart as Show-Me on the the price/bar chart

 

thanks

[thrunner 10]

In order to convert an indicator to a showme in TS you would usually copy and paste the original (eg. the VC above) code into a new showme code. Then replace the plot statements as followed

1. comment out the OHLC plots 1-4; you don't need them.

2. Replace plot5 and plot6 with the appropriate values.

 

Basically what you are doing is adjusting the plotting to the same scale as the underlying instrument.

 

{
If BarNumber > Numbars then Begin
Plot1(VOpen,"VOpen");
Plot2(VHigh,"VHigh");
Plot3(VLow,"VLow");
Plot4(VClose,"VClose");
End;
}

If VHigh > Highest(VHigh,TwentyNumBars)[1] Then Begin
Plot5( H + MinMove / PriceScale , {VHigh} "21BarVHigh");
Alert;
end	
else
NoPlot (5);

IF VLow < Lowest(VLow,TwentyNumBars)[1] Then Begin
Plot6( L - MinMove / PriceScale,  {VLow} "21BarVLow");
Alert;
end
else
NoPlot (6);

[sean 10]

its look great on the pic its what i am looking for but i have hard time to convert the code to Show-me its give me error message

 

Can you add ELD to down load or post the code for show-me

 

thanks

Edited June 20, 2008 by sean
or add the code

[sean 10]

Here is the code thanks for all the help

 

 

[LegacyColorValue = true];

 

{*******************************************************************

Description : This Indicator plots Value Chart prices.

Provided By : Mark W. Helweg © Copyright 2001

********************************************************************}

 

Inputs:NumBars(5);

Variables:Vopen(0),VHigh(0),VLow(0),VClose(0),Var1(0),Var2(0);

Var: VcloseLam(0),ValueSOB(" "),ValueMOB(" "),ValueMOS(" "), ValueSOS(" "), ValueFair(" "), lastdate(0);

 

 

{Calcualte Value Chart}

VOpen = VChart(NumBars,Open);

VHigh = VChart(NumBars,High);

VLow = VChart(NumBars,Low);

VClose = VChart(NumBars,Close);

 

{Plot Value Chart - Disregards the first 20 bars because Omega doesn't process them correctly}

If BarNumber > Numbars then Begin

 

End;

 

If VHigh > 8 Then Begin

Plot5( H + MinMove / PriceScale , {VHigh} "21BarVHigh");

Alert;

end

else

NoPlot (5);

 

if VLow <-8 Then Begin

Plot6( L - MinMove / PriceScale, {VLow} "21BarVLow");

Alert;

end

else

NoPlot (6);

 

 

if VHigh > 8 then Alert("ValueChart +8");

if VLow <-8 then Alert("ValueChart -8");

 

This set-up work 9 out of 10 time for reversal or end of the trend on 2 minuets chart with VC setting is (+7 and -7) with extreme volume

 

sean

[pwald9 10]

Hi Guys. I have the code for the value chart indicator in TS but can not get it to plot as candlesticks, only bars, line, points etc. Is there any reason for this, that I a humble non-programmer doesn't realise?

 

many thanks

[Guest forsearch]

That's the way TS is setup for an indicator. No candlesticks, just bars, line, points, etc.

[pwald9 10]

ahh, OK. So so be it then.. thanks..

[thrunner 10]

Hi Guys. I have the code for the value chart indicator in TS but can not get it to plot as candlesticks, only bars, line, points etc. Is there any reason for this, that I a humble non-programmer doesn't realise?

many thanks

The original VC was implemented as OHLC (Open, high, low, close) by Helweg and Stendahl and there is nothing wrong with it, but...

 

 

you could easily program EL to display synthetic candlesticks

 

Attached please find VC candles. If you don't get what is shown, try re-formatting the 'style' and 'Weight' of VClose, VOpen, High and Low. You can further program the wick color and candle body properties to suit, beyond what is shown.

[Guest forsearch]

The original VC was implemented as OHLC (Open, high, low, close) by Helweg and Stendahl and there is nothing wrong with it, but...

 

 

you could easily program EL to display synthetic candlesticks

 

Attached please find VC candles. If you don't get what is shown, try re-formatting the 'style' and 'Weight' of VClose, VOpen, High and Low. You can further program the wick color and candle body properties to suit, beyond what is shown.

 

Very nice, thrunner. Could you post the code in plaintext for non -TS users to study?

 

thxs

[thrunner 10]

Sure, Forsearch. It is a very simple modification of the original. Just be sure to modify the style and weight of VOpen, VClose, VHigh, VLow, if one is starting from scratch from EL code :

 

[LegacyColorValue = true]; 
// modified for Candlestick
{*******************************************************************
Description	:	This Indicator plots Value Chart prices. 
Provided By	: Mark W. Helweg (c) Copyright 2001
********************************************************************}

Inputs:NumBars(5), TwentyNumBars(20);
Variables:Vopen(0),VHigh(0),VLow(0),VClose(0),Var1(0),Var2(0);
Var: VcloseLam(0),ValueSOB(" "),ValueMOB(" "),ValueMOS(" "), ValueSOS(" "), ValueFair(" "), lastdate(0);


{Calcualte Value Chart}
VOpen = VChart(NumBars,Open);
VHigh = VChart(NumBars,High);
VLow = VChart(NumBars,Low);
VClose = VChart(NumBars,Close);

{Plot Value Chart - Disregards the first 20 bars because Omega doesn't process them correctly}
If BarNumber > Numbars then Begin
if VClose >= VOpen then 
    begin 
    Plot1( VClose,"VClose", Green) ;  
    Plot2( VOpen, "VOpen", Green) ;
	 Plot3( VHigh, "VHigh", Green) ; 
    Plot4( VLow, "VLow", Green) ; 
    end 
else 
    begin 
    Plot1( VClose, "VClose", Red) ;  
    Plot2( VOpen, "VOpen", Red) ; 
	 Plot3( VHigh, "VHigh", Red) ; 
    Plot4( VLow, "VLow", Red) ; 
    end ; 



End;


If VHigh > Highest(VHigh,TwentyNumBars)[1] Then Begin
Plot5(VHigh, "21BarVHigh");

End;

IF VLow < Lowest(VLow,TwentyNumBars)[1] Then Begin
Plot6(VLow, "21BarVLow");

End;

 

VChart function:

[LegacyColorValue = true]; 

{*******************************************************************
Description	:	This Function returns Value Chart prices. 
Provided By	: Mark W. Helweg (c) Copyright 2001
********************************************************************}
Inputs:NumBars(Numeric),Price(NumericSeries);

Variables:VarNumBars(0),Var0(0),LRange(0),YDiv(0),RanVar4(0),VOpen(0),VHigh(0),VLow(0),VClose(0),
VarA(0),VarB(0),VarC(0),VarD(0),VarE(0),VarP(0),VarR1(0),VarR2(0),VarR3(0),VarR4(0),VarR5(0);

{Insure NumBars is between 2 and 1000}
If NumBars < 2 then VarNumBars = 2;
If Numbars > 1000 then VarNumBars = 1000;
If Numbars >= 2 and NumBars <=1000 then VarNumBars = NumBars;

VarP=Round(VarNumBars/5,0);

If VarNumBars >7 then begin
VarA=Highest(H,VarP)-Lowest(L,VarP);
If VarA = 0 and VarP=1 then VarR1=absvalue(C-C[VarP]) Else VarR1 = VarA;
VarB=Highest(H,VarP)[VarP+1]-Lowest(L,VarP)[VarP];
If VarB = 0 and VarP=1 then VarR2=absvalue(C[VarP]-C[VarP*2]) Else VarR2 = VarB;
VarC=Highest(H,VarP)[VarP*2]-Lowest(L,VarP)[VarP*2];
If VarC = 0 and VarP=1 then VarR3=absvalue(C[VarP*2]-C[VarP*3]) Else VarR3 = VarC;
VarD=Highest(H,VarP)[VarP*3]-Lowest(L,VarP)[VarP*3];
If VarD = 0 and VarP=1 then VarR4=absvalue(C[VarP*3]-C[VarP*4]) Else VarR4 = VarD;
VarE=Highest(H,VarP)[VarP*4]-Lowest(L,VarP)[VarP*4];
If VarE = 0 and VarP=1 then VarR5=absvalue(C[VarP*4]-C[VarP*5]) Else VarR5 = VarE;
LRange=((VarR1+VarR2+VarR3+VarR4+VarR5)/5)*.2;
End;


If VarNumBars <=7 then Begin
If AbsValue(C-C[1]) > (H-L) then Var0=AbsValue(C-C[1]) else var0=(H-L);	
If H=L then Var0=absvalue(C-C[1]);
LRange=Average(Var0,5)*.2;
End;

If LRange > 0 then begin
If Price = Open then
VChart=((Open-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = High then
VChart=((High-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = Low then 
VChart=((Low-Average((H+L)/2,VarNumBars)))/(LRange);
If Price = Close then
VChart=((Close-Average((H+L)/2,VarNumBars)))/(LRange);
End;

Edited July 28, 2008 by thrunner

[pwald9 10]

Top work fellas. Number of responses from TS forum, zero, Traderslab, plenty.. Hurrah!! Had a fiddle with the code to the best of my ability, taking it on from Blu-Ray's enhancement to give a green bar on a close above +4 and a red one on a close below -4. Slight glitch in the code in that I can't get all parts of the bar to change colour, I have to leave the close element in the neutral colour otherwise I can't get it to work. Minor glitch that maybe someone can resolve.. Thanks again for the code for the candles, but after trying to work with them I have found this colour coded version of the bars easier to read..

VALUE CHART V3.ELD

[Liliput 10]

Hi, this is my first post here. So hello to everyone! Great forum!

 

I'm trying to convert the ValueCharts into MetaTrader 4 and need please some help. I have managed to create the charts but sometimes i get strange results and i know i miss very small piece.

 

Can someone give some light what value exactly will return the VChart function if LRange is = 0. I know it will skip those lines form the code because of the if statement:

 

If LRange > 0 then begin If Price = Open then VChart=((Open-Average((H+L)/2,VarNumBars)))/(LRange); If Price = High then VChart=((High-Average((H+L)/2,VarNumBars)))/(LRange); If Price = Low then VChart=((Low-Average((H+L)/2,VarNumBars)))/(LRange); If Price = Close then VChart=((Close-Average((H+L)/2,VarNumBars)))/(LRange); End;

 

BUT what will be the input then for the Plot function in this case for the close price and same for H,L,O?? Do we exit with 0?If Plot sees 0 what it does then?

 

Plot1( VClose, "VClose", Red) ;

 

Sorry to asking but i do not know EL and use my C++ and MQL skills to convert the code:crap: So in C++ one have to define what value a function will return. Here because of the IF in the VChart function the case when LRange=0 is undefined.

 

My second qustion is:

What may be the reason that i'm getting values for VChart greater then 15??Some bars (see screenshot) are 100 or more of value. Why can this occur?

 

Thanks in advice!

[thrunner 10]

I'm trying to convert the ValueCharts into MetaTrader 4

Please try the TRO VC modification for Forex.

http://kreslik.com/forums/viewtopic.php?p=8577

[Liliput 10]

Thsnkx thrunner! But i'm still on the search...

[TraderGuy101 10]

Webinar and Public Files for TTM DDF Value Chart

 

-fs

 

Are there any special settings to get these to work (the ones available for free fromt he tradethemarket.com site)?

 

I have installed the ELD and also the workspaces per instructions.

 

The TTM DDF Value Chart never appears (although you can see it is inserted into the chart window), and the TTM DDF Automatic does draw the line over the first hour (when the hour is complete), but no red or blue line is extended out from that to show the daily direction.

 

Any help is appreciated.

[TraderGuy101 10]

but no red or blue line is extended out from that to show the daily direction.

 

Any help is appreciated.

 

Sorry guys, this red/blue line is extending so please ignore this part of the prior question.

[goyaltraderz 10]

hi i m new in here, i just want to know that is this possible to get the indicator value chart for metatrader if yes the can somebody help me to get that

[slableak 10]

Is there a TTM indicator for Ninja on this forum? thanks, David

[theman 10]

Hi all

 

Thanks very much for everyone in writing this great indicator. I esp like pwald9 version, because the color changes if it reaches +8 or -4.

 

The only thing with that one is ... the color changes are hardcoded i.e. if I change the Top and TopMid the colours dont change (it has been hardcoded for for 4)? Dont know if that makes sense?

 

Can someone please help out in changing the code so that the Top and MidTop change color depending on what I enter?

 

Hope this is OK?

[metalhead 10]

Hey, just found this thread from a link over at SierraChart forums. Has anyone been using this indicator successfully? Do you think it's a useful addition or is it one of those "omg this is the holy grail... j/k it's mostly just hype" like the Squeeze?

[sevensa 10]

Hey, just found this thread from a link over at SierraChart forums. Has anyone been using this indicator successfully? Do you think it's a useful addition or is it one of those "omg this is the holy grail... j/k it's mostly just hype" like the Squeeze?

 

For any indicator there will be people swearing by it and people saying it is junk. Asking if this is a useful addition, is like asking if a jetski is useful without knowing if you are living in the middle of the desert, or next to a lake. With other words, how useful it is is entirely dependent on the way you are trading and no one can answer that for you. You will just have to look for yourself if this is useful for you.