Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Frank

Rotation Factor (Market Profile Code)

Recommended Posts

this EasyLanguage code for 'Rotation Factor' (a Market Profile indicator) was working fine but somehow got screwed up in a Open Ecry software upgrade.

 

I have a headache trying to fix it because it seems to have logic that is perfectly fine. Can someone take a look at this and figure out how to re-write it in a different way that might make it work? I am thinking there is something wrong with either the word 'summation' or with the 'length' code....

 

What its supposed to do is track 30-min bars relative to the one preceeding it and keep a 'running score' --- such that if a low goes below the previous low, that is -1 -- if the high makes a lower high, that is -1 for a total score of -2 for that bar. these are then summed for the intraday session since the beginning of the day (you don't score the first bar of day fyi). so a rotation factor of -4 would be a day where you have made 2 lower lows and 2 lower highs after the first THREE bars. inside bars (ie, high<high[1] AND low>low[2]) and outside bars are scored as a zero.

 

again, this WAS working but no longer does so what I need is for the same content to work --- but somehow coded differently in the hopes that OEC will be able to read the re-worked code.

 

thanks in advance:

 

vars: aa(0), bb(0), cc(0), dd(0), ee(0), firstbar(0), length(0);

if date>date[1] then begin

firstbar=currentbar;

end;

 

length=(currentbar-firstbar);

 

 

if h>h[1] then aa=1 else aa=0;

if h<h[1] then bb=-1 else bb=0;

if h=h[1] then cc=0;

 

if l>l[1] then dd=1 else dd=0;

if l<l[1] then ee=-1 else ee=0;

if l=l[1] then cc=0;

 

value1=aa+bb+cc+dd+ee;

if date = date[1] then value2=summation(value1,length);

 

if date = date[1] then begin

plot1(value2,"count1");

end;

 

plot2(0,"0");

Share this post


Link to post
Share on other sites

what seems to be your problem?

 

can you post the error message?

 

The code compiled in MultiCharts.

Here's the chart. Does it looks right?

 

p.s. I have added the up/down color.

 

 

10256d1240264538-rotation-factor-market-profile-code-rotation_factor.jpg

Rotation_Factor.thumb.jpg.734049fe7d5505644be9a3934e80dcb2.jpg

Edited by Tams

Share this post


Link to post
Share on other sites

thx tams,

 

it compiles without an error -- it just gives the wrong indicator -- (small problem huh)... note how mine is wrong (look at the 4th bar in the indicator pane today) and yours is right using the same code.... this is why was just hoping for the same type of code but just re-worded in a diff't way --- I just don't know how to do it another way....

 

thanks for any help:

 

attachment.php?attachmentid=10257&stc=1&d=1240266134

5aa70ec72b913_WrongCode.thumb.png.0ca493b830e467c2af4143d4e26bf8b2.png

Share this post


Link to post
Share on other sites

Frank, below is a Rotation Factor indicator using EL code. Hope it helps.

 

vars: 
RotationFactor( 0 );

if CurrentBar > 1 then
begin
if Date <> Date[1] then
	RotationFactor = 0;

if Date = Date[1] then
begin
	if High > High[1] then
		RotationFactor = RotationFactor + 1;

	if High < High[1] then
		RotationFactor = RotationFactor - 1;

	if Low > Low[1] then
		RotationFactor = RotationFactor + 1;

	if Low < Low[1] then
		RotationFactor = RotationFactor - 1;
end;
end;

Plot1(0,"ZeroLine");
Plot2(RotationFactor,"RF");

Share this post


Link to post
Share on other sites

With colored bars like in TAMS' chart

 

//-----------------------------------------------------
	inputs:
//----------------------------------------------------

up.color( blue );

//----------------------------------------------------
vars: 
//----------------------------------------------------	

RF(0);

if CurrentBar > 1 then
begin
if Date <> Date[1] then
	RF = 0;

if Date = Date[1] then
begin
	if High > High[1] then
		RF = RF + 1;

	if High < High[1] then
		RF = RF - 1;

	if Low > Low[1] then
		RF = RF + 1;

	if Low < Low[1] then
		RF = RF - 1;
end;
end;

Plot1( 0  , "ZeroLine" );
Plot2( RF , "RF"	  );

if RF > RF[1] then
		SetPlotColor( 1 , up.color	);

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 22nd November 2024.   BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk.   Asia & European Sessions:   Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia. The markets continue to assess the election results as President-elect Trump fills in his cabinet choices, with the key Treasury Secretary spot still open. The Fed’s rate path continues to be debated with a -25 bp December cut seen as 50-50. Earnings season is coming to an end after mixed reports, though AI remains a major driver. Profit taking and rebalancing into year-end are adding to gyrations too. Wall Street rallied, led by the Dow’s 1.06% broadbased pop. The S&P500 advanced 0.53% and the NASDAQ inched up 0.03%. Asian stocks rose after  Nvidia’s rally. Nikkei added 1% to 38,415.32 after the Tokyo inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The rally was also supported by chip-related stocks tracked Nvidia. Overnight-indexed swaps indicate that it’s certain the Reserve Bank of New Zealand will cut its policy rate by 50 basis points on Nov. 27, with a 22% chance of a 75 basis points reduction. European stocks futures climbed even though German Q3 GDP growth revised down to 0.1% q/q from the 0.2% q/q reported initially. Cryptocurrency market has gained approximately $1 trillion since Trump’s victory in the Nov. 5 election. Recent announcement for the SEC boosted cryptos. Chair Gary Gensler will step down on January 20, the day Trump is set to be inaugurated. Gensler has pushed for more protections for crypto investors. MicroStrategy Inc.’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin ETFs also support this rally. Trump’s transition team has begun discussions on the possibility of creating a new White House position focused on digital asset policy.     Financial Markets Performance: The US Dollar recovered overnight and closed at 107.00. Bitcoin currently at 99,300,  flirting with a run toward the 100,000 level. The EURUSD drifts below 1.05, the GBPUSD dips to June’s bottom at 1.2570, while USDJPY rebounded to 154.94. The AUDNZD spiked to 2-year highs amid speculation the RBNZ will cut the official cash rate by more than 50 bps next week. Oil surged 2.12% to $70.46. Gold spiked to 2,697 after escalation alerts between Russia and Ukraine. Heightened geopolitical tensions drove investors toward safe-haven assets. Gold has surged by 30% this year. Haven demand balanced out the pressure from a strong USD following mixed US labor data. Silver rose 0.9% to 31.38, while palladium increased by 0.9% to 1,040.85 per ounce. Platinum remained unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • A few trending stocks at support BAM MNKD RBBN at https://stockconsultant.com/?MNKD
    • BMBL Bumble stock watch, pull back to 7.94 support area with high trade quality at https://stockconsultant.com/?BMBL
    • LUMN Lumen Technologies stock watch, pull back to 7.43 support area with bullish indicators at https://stockconsultant.com/?LUMN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.