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When you import the text to EasyLanguage in Tradestation, it won't verify. I get an error for "text_setsize"---word not recognized by easylanguage.

 

Anybody know how to fix this?

 

Thanks, Tasuki

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When you import the text to EasyLanguage in Tradestation, it won't verify. I get an error for "text_setsize"---word not recognized by easylanguage.

Anybody know how to fix this?

Thanks, Tasuki

 

 

 

Just delete the lines that has "text_setsize" in it. That statement is not needed.

 

 

 

.

Edited by Tams

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The example given at the top is for a one minute chart. Can anyone find one of these patterns on a daily or weekly chart?

 

 

.......... have you?

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.......... have you?

 

No Tams, that's why I'm asking. I did a long search before posting that question. I'll do another one tonight and post anything I find, but I was very surprised the first time 'round not to find anything on longer charts of the Forex pairs that Tradestation carries, nor any of the futures charts I follow, nor a handful of stocks I watch. Maybe I need to widen my search, or maybe this pattern just doesn't show up on longer term charts....or, maybe there's something wrong with the code (or the way TS is reading it, same thing).

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Patterns techniques works best in an oscillating market.

 

Some currencies has been making a run lately. These movements usually leave the pattern traders behind.

 

To see the best result, you should experiment with different chart resolutions until you can see the price oscillations making higher highers and lower lows.

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I cannot seem to import it to Tradestation ... needs an *.ELD file or am I missing something? Use the .txt file and save it as an *.ELD? I have Tradestation 8.7. I did that and no lines?

 

Thanks.

Edited by FFTrader

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I cannot seem to import it to Tradestation ... needs an *.ELD file or am I missing something? Use the .txt file and save it as an *.ELD? I have Tradestation 8.7. I did that and no lines?

 

Thanks.

 

 

have you read the manual?

or pressed the F1 key?

Edited by Tams

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The example given at the top is for a one minute chart. Can anyone find one of these patterns on a daily or weekly chart?

 

His (Larry Pesavento) book gives plenty of examples. Have seen the pattern play out in 144 tick to daily charts frequently enough. As Tams said - it works well in markets that are range bound and moving back and forth.

 

Larry Pesavento & Leslie Jouflas book "Trade What You See" is a nice read - lots of great real-life examples - both failed patterns and successful ones. Along with other gartley-type patterns.

 

Good luck

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have you read the manual?

or pressed the F1 key?

 

manual? of Tradestation or the text file? manual of what?

 

I have done a tiny bit of programming myself (and have my own simple indicators) so removed the "text_setsize" and the ELD verified without error.

 

Put it on tick charts and intra-day charts and no lines ... just to clarify myself a little.

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Inputs:

// Parameters for ZigZag.

 

depth(20),

ExtDeviation(5),

ExtBackstep(3),

zigzagLinesColor(blue),

 

// Parameters for Pesavento Patterns.

 

ExtFractalEnd(10), // Number of Fractals (maximums and minimums), connected with Lines

ExtDelta (0.04), // max Percent of difference from Pessavento numbers

ExtLine (DarkBlue),

ExtLine886 (lightgray),

ExtNotFibo (darkgray),

ExtPesavento (Yellow),

ExtGartley886(Yellow);

 

//===================================

 

Vars:

bar_resolution(0),

 

ExtLine_(0),

 

colorPPattern(green),

 

num_bar(0),

HL(0),

HLp(0),

kk(0),

kj(0),

Angle(0),

 

LowPrim(0),

HighPrim(0),

LowLast(0),

HighLast(0),

 

numLowPrim(0),

numHighPrim(0),

numLowLast(0),

numHighLast(0),

 

k(0),

k1(0),

k2(0),

ki(0),

 

kiPRZ(0),

countLow1(0),

countHigh1(0),

 

shift(0),

shift1(0),

 

txtkk(""),

 

countFr(0),

countBarEnd(0),

numBar(0),

 

 

// For ZigZag

 

back(0),

lasthighpos(0),

lastlowpos(0),

res(0),

curlow(0),

curhigh(0),

lasthigh(0),

lastlow(0),

i_var(0),

j_var(0);

 

 

 

Arrays:

 

double zz[1000](0),

double zzL[1000](0),

double zzH[1000](0),

_time[1000](0),

 

MyText[64](""),

number[64](0),

numbertxt[64](""),

numberGartley[64](0),

numberMix[64](0);

 

 

//---------------------------------------------------------------------//

//---------------------------------------------------------------------//

//---------------------------------------------------------------------//

 

if bartype=0 and lastbaronchart then value1=text_new( date, time,close+5," Only for minute charts and above");

 

if bartype>=1 then begin

 

if currentbar > 1000 then num_bar = 1000 else num_bar = currentbar;

 

//print(date, " ",time," ", num_bar);

for i_var = 0 to ( num_bar - 1 )

begin

_time[i_var] = time[i_var];

end;

 

 

if ( LastCalcTime = time ) and ( LastCalcDate = date ) then

 

begin

 

 

if ( currentbar > depth ) then

 

begin

 

 

if (ExtDelta<=0) then raiseruntimeerror("ExtDelta parameter should be >0 and <=1");

if (ExtDelta>1) then raiseruntimeerror("ExtDelta parameter should be >0 and <=1");

 

if ( ExtFractalEnd <= 0 ) then raiseruntimeerror("ExtFractalEnd parameter should be >=1");

 

 

number [0]=0.111;

numbertxt [0]=".111";

 

number [1]=0.125;

numbertxt [1]=".125";

numberMix [1]=1;

 

number [2]=0.146;

numbertxt [2]=".146";

 

number [3]=0.167;

numbertxt [3]=".167";

 

number [4]=0.177;

numbertxt [4]=".177";

 

number [5]=0.186;

numbertxt [5]=".186";

 

number [6]=0.192;

numbertxt [6]=".192";

 

number [7]=0.2;

numbertxt [7]=".2";

 

number [8]=0.236;

numbertxt [8]=".236";

numberMix [8]=1;

 

number [9]=0.25;

numbertxt [9]=".25";

 

number [10]=0.3;

numbertxt [10]=".3";

 

number [11]=0.333;

numbertxt [11]=".333";

 

number [12]=0.354;

numbertxt [12]=".354";

 

number [13]=0.382;

numbertxt [13]=".382";

numberGartley [13]=1;

 

number [14]=0.447;

numbertxt [14]=".447";

numberGartley [14]=1;

 

number [15]=0.486;

numbertxt [15]=".486";

 

number [16]=0.5;

numbertxt [16]=".5";

numberGartley [16]=1;

 

number [17]=0.526;

numbertxt [17]=".526";

 

number [18]=0.577;

numbertxt [18]=".577";

 

number [19]=0.618;

numbertxt [19]=".618";

numberGartley [19]=1;

 

number [20]=0.667;

numbertxt [20]=".667";

 

number [21]=0.707;

numbertxt [21]=".707";

numberGartley [21]=1;

 

number [22]=0.764;

numbertxt [22]=".764";

 

number [23]=0.786;

numbertxt [23]=".786";

numberGartley [23]=1;

 

number [24]=0.809;

numbertxt [24]=".809";

 

number [25]=0.841;

numbertxt [25]=".841";

 

number [26]=0.854;

numbertxt [26]=".854";

numberMix [26]=1;

 

number [27]=0.874;

numbertxt [27]=".874";

 

number [28]=0.886;

numbertxt [28]=".886";

numberGartley [28]=1;

 

number [29]=1.0;

numbertxt [29]="1.";

numberGartley [29]=1;

 

number [30]=1.128;

numbertxt [30]="1.128";

numberGartley [30]=1;

 

number [31]=1.236;

numbertxt [31]="1.236";

 

number [32]=1.272;

numbertxt [32]="1.272";

numberGartley [32]=1;

 

number [33]=1.309;

numbertxt [33]="1.309";

 

number [34]=1.414;

numbertxt [34]="1.414";

numberGartley [34]=1;

 

number [35]=1.5;

numbertxt [35]="1.5";

 

 

number [36]=1.618;

numbertxt [36]="1.618";

numberGartley [36]=1;

 

number [37]=1.732;

numbertxt [37]="1.732";

numberMix [37]=1;

 

 

number [38]=1.75;

numbertxt [38]="1.75";

 

number [39]=1.902;

numbertxt [39]="1.902";

numberMix [39]=1;

 

number [40]=2.0;

numbertxt [40]="2.";

numberGartley [40]=1;

 

number [41]=2.058;

numbertxt [41]="2.058";

 

number [42]=2.236;

numbertxt [42]="2.236";

numberGartley [42]=1;

 

number [43]=2.288;

numbertxt [43]="2.288";

 

number [44]=2.5;

numbertxt [44]="2.5";

 

number [45]=2.618;

numbertxt [45]="2.618";

numberGartley [45]=1;

 

number [46]=2.828;

numbertxt [46]="2.828";

 

number [47]=3.0;

 

number [48]=3.142;

numbertxt [48]="3.142";

numberGartley [48]=1;

 

number [49]=3.236;

numbertxt [49]="3.236";

 

number [50]=3.33;

numbertxt [50]="3.33";

 

number [51]=3.464;

numbertxt [51]="3.464";

 

number [52]=3.618;

numbertxt [52]="3.618";

numberGartley [52]=1;

 

number [53]=4.0;

numbertxt [53]="4.";

 

number [54]=4.236;

numbertxt [54]="4.236";

 

number [55]=4.472;

numbertxt [55]="4.472";

 

number [56]=5.0;

numbertxt [56]="5.";

 

number [57]=5.2;

numbertxt [57]="5.2";

 

number [58]=5.388;

numbertxt [58]="5.388";

 

number [59]=5.657;

numbertxt [59]="5.657";

 

number [60]=6.0;

numbertxt [60]="6.";

 

number [61]=6.854;

numbertxt [61]="6.854";

 

number [62]=8.0;

numbertxt [62]="8.";

 

number [63]=9.0;

numbertxt [63]="9.";

 

 

value1 = 0;

lasthighpos = -1;

lastlowpos = -1;

res = 0;

curlow = -1;

curhigh = -1;

lasthigh = -1;

lastlow = -1;

 

 

// ZigZag plotting. Begin.

 

 

for shift = ( num_bar - 1 ) downto 0

begin

zz[shift] = 0;

zzL[shift] = 0;

zzH[shift] = 0;

end;

 

for shift = ( num_bar - depth ) downto 0

begin

value1 = Low[ LowestBar(low, depth)[shift] ];

if (value1 = lastlow) then value1 = 0.0

else

begin

lastlow = value1;

if ( ( Low[shift] - value1 ) > extdeviation*PointValue ) then value1 = 0.0

else

begin

for back = 1 to extbackstep

begin

res = zzL[shift+back];

if ( ( res <> 0 ) and ( res > value1 ) ) then zzL[shift+back] = 0.0;

end;

end;

end;

if ( Low[shift] = value1 ) then zzL[shift] = value1;

 

value1 = High[ HighestBar(high, depth)[shift] ];

if ( value1 = lasthigh ) then value1 = 0.0

else

begin

lasthigh = value1;

if ( ( value1 - High[shift] ) > extdeviation*pointValue ) then value1 = 0.0

else

begin

for back = 1 to extbackstep

begin

res = zzH[shift+back];

if ( ( res <> 0 ) and ( res < value1 ) ) then zzH[shift+back] = 0.0;

end;

end;

end;

if ( High[shift] = value1 ) then zzH[shift] = value1;

end;

 

lasthigh = -1;

lasthighpos = -1;

lastlow = -1;

lastlowpos = -1;

 

for shift = (num_bar - depth) downto 0

begin

curlow = zzL[shift];

curhigh = zzH[shift];

if ( ( curlow = 0 ) and ( curhigh = 0 ) ) then

//else

begin

 

if ( curhigh <> 0 ) then

begin

if ( lasthigh > 0 ) then

begin

if (lasthigh < curhigh ) then zzH[lasthighpos] = 0

else zzH[shift] = 0;

end;

 

if ( (lasthigh < curhigh) or (lasthigh < 0) ) then

begin

lasthigh = curhigh;

lasthighpos = shift;

end;

lastlow = -1;

end;

 

if ( curlow <> 0 ) then

begin

if ( lastlow > 0 ) then

begin

if ( lastlow > curlow ) then zzL[lastlowpos] = 0

else zzL[shift] = 0;

end;

 

if ( ( curlow < lastlow ) or ( lastlow < 0 ) ) then

begin

lastlow = curlow;

lastlowpos = shift;

end;

lasthigh = -1;

end;

end;

end;

 

for shift = num_bar - 1 downto 0

begin

zz[shift] = zzL[shift];

if ( shift >= num_bar-depth ) then

begin

zzH[shift] = 0.0;

zzL[shift] = 0.0;

zz[shift] = 0.0;

end

else

begin

res = zzH[shift];

if ( res <> 0.0 ) then zz[shift] = res;

end;

end;

 

 

// Check for humpbacks and their removing. Begin.

 

vars: vel1(0),

vel2(0),

vel3(0),

vel4(0),

bar_(0),

bar1(0),

bar2(0),

bar3(0),

bar4(0),

count_(0);

 

for bar_ = ( num_bar - depth ) downto 0

begin

if ( zz[bar_] <> 0 ) then

begin

count_ = count_ + 1;

vel4 = vel3;

bar4 = bar3;

vel3 = vel2;

bar3 = bar2;

vel2 = vel1;

bar2 = bar1;

vel1 = zz[bar_];

bar1 = bar_;

if ( count_>=3 ) then

begin

if ( ( vel3 < vel2 ) and ( vel2 < vel1 ) ) then

begin

zz[bar2] = 0;

zzL[bar2] = 0;

zzH[bar2] = 0;

bar_ = bar3 + 1;

end;

if ( ( vel3 > vel2 ) and ( vel2 > vel1 ) ) then

begin

zz[bar2] = 0;

zzL[bar2] = 0;

zzH[bar2] = 0;

bar_ = bar3 + 1;

end;

if ( ( vel2 = vel1 ) and ( vel1 <> 0 ) ) then

begin

zz[bar1] = 0;

zzL[bar1] = 0;

zzH[bar1] = 0;

bar_ = bar3 + 1;

end;

end;

end;

end;

 

// Check for humpbacks and their removing. End.

 

 

value1 = 0;

{

i_var = 1;

while(i_var > 0)

begin

i_var = tl_getfirst(1);

tl_delete(i_var);

end;}

 

 

for shift = (num_bar - 1) downto 0

begin

if zz[shift] <> 0 then

begin

if (value1 <> 0) then

begin

value11 = date[value2];

value12 = time[value2];

value13 = value1;

value21 = date[shift];

value22 = time[shift];

value23 = zz[shift];

 

j_var = TL_new(value11, value12, value13, value21, value22, value23);

tl_setcolor(j_var, zigzagLinesColor);

 

//Plot1 [shift](value23);

//Print(value11, " ",value12, " ",value13, " ",value21, " ",value22, " ",value23, " ");

 

 

 

 

 

end;

value1 = zz[shift];

value2 = shift;

end;

end;

// ZigZag plotting. End.

 

 

if ( ExtFractalEnd > 0) then

begin

k = ExtFractalEnd;

for shift = 0 to num_bar

begin

if ( zz[shift] > 0 and zzH[shift] > 0 ) then

begin

if k > 0 then

begin

countBarEnd = shift;

k = k - 1;

end;

end;

end;

end;

 

 

// count Fractal ( count maximums and minimums ). Begin.

 

countLow1 = 0;

countHigh1 = 0;

begin

for shift = 0 to countBarEnd

begin

if (zzL[shift] > 0.0) then countLow1 = countLow1 + 1;

if (zzH[shift] > 0.0) then countHigh1 = countHigh1 + 1;

end;

end;

 

// count Fractal ( count maximums and minimums ). End.

 

 

{i_var = 1;

while(i_var > 0)

begin

i_var = text_getfirst(1);

text_delete(i_var);

end;}

 

//+--------------------------------------------------------------------------+

//| printing Pessavento and 0.886 for maximums of ZigZag

//+--------------------------------------------------------------------------+

 

numLowPrim = 0;

numLowLast = 0;

numHighPrim = 0;

numHighLast = 0;

 

LowPrim = 0.0;

LowLast = 0.0;

HighPrim = 0.0;

HighLast = 0.0;

 

Angle = -100;

 

 

countFr = ExtFractalend;

 

for k = 0 to ( num_bar - 1 )

begin

if ( countHigh1 > 0 and countFr > 0 ) then

begin

 

if ( zzL[k] > 0.0 and ( zzL[k] < LowPrim or LowPrim = 0.0 )

and HighPrim > 0 and zzL[k] = zz[k] ) then

begin

LowPrim = Low[k];

numLowPrim = k;

end;

if ( zzH[k] > 0.0 and zzH[k] = zz[k] ) then

begin

if ( HighPrim > 0 ) then

begin

 

HighLast = High[k];

numHighLast = k;

 

HL = HighLast - LowPrim;

kj = (HighPrim-HighLast)*1000/(numHighLast-numHighPrim);

if ( HL > 0 and ( Angle >= kj or Angle = -100 ) ) then

begin

Angle = kj;

 

HLp = HighPrim - LowPrim;

k1 = ceiling((numHighPrim+numHighLast)/2);

kj = HLp/HL;

 

ExtLine_ = ExtLine;

if ( kj > 0.1 and kj < 9.36 ) then

begin

kk = kj;

k2 = 1;

 

 

ki = 0;

colorPPattern = ExtNotFibo;

ki = kiPRZ;

condition1 = true;

 

while (ki <= 63) and (condition1)

begin

if ( numberGartley[ki] > 0 ) then

if ( absvalue((number[ki]-kj)/number[ki]) <= ExtDelta ) then

begin

kk = number[ki];

txtkk = numbertxt[ki];

k2 = -1;

colorPPattern = ExtGartley886;

condition1 = false;

end

else if ( numberMix[ki] > 0 ) then

if ( absvalue((number[ki]-kj)/number[ki]) <= ExtDelta ) then

begin

kk = number[ki];

txtkk = numbertxt[ki];

k2 = -1;

colorPPattern = ExtPesavento;

condition1 = false;

end;

ki = ki + 1;

end;

 

 

if ( k2 < 0 ) then

begin

ExtLine_ = ExtLine886;

i_var = text_new(d[k1], time[k1], (HighPrim+highlast)/2, txtkk);

text_setcolor(i_var, colorPpattern);

//text_setsize(i_var, 8);

end

else

begin

txtkk = numtostr(kk, 3);

i_var = text_new(d[k1], time[k1], (HighPrim+highlast)/2, txtkk);

text_setcolor(i_var, colorPpattern);

//text_setsize(i_var, 8);

end;

 

i_var = tl_new(d[numHighLast], time[numHighLast], HighLast, d[numHighPrim], time[numHighPrim], HighPrim);

tl_setstyle(i_var, 3);

tl_setcolor(i_var, extline_);

 

end;

end;

end

else

begin

HighPrim = High[k];

numHighPrim = k;

end;

end;

 

if ( k > countBarEnd ) then

begin

k = numHighPrim + 1;

countHigh1 = countHigh1 - 1;

countFr = countFr - 1;

 

numLowPrim = 0;

numLowLast = 0;

numHighPrim = 0;

numHighLast = 0;

 

LowPrim = 0.0;

LowLast = 0.0;

HighPrim = 0.0;

HighLast = 0.0;

 

Angle = -100;

end;

 

end;

end;

 

//+-------------------------------------------------------------------------+

//| printing Pessavento and 0.886 for minimums of ZigZag

//+-------------------------------------------------------------------------+

 

numLowPrim = 0;

numLowLast = 0;

numHighPrim = 0;

numHighLast = 0;

 

LowPrim = 0.0;

LowLast = 0.0;

HighPrim = 0.0;

HighLast = 0.0;

 

Angle = -100;

 

 

countFr = ExtFractalend;

 

for k = 0 to ( num_bar - 1 )

begin

if ( countLow1 > 0 and countFr > 0 ) then

begin

if ( zzH[k] > HighPrim and LowPrim > 0 ) then

begin

HighPrim = High[k];

numHighPrim = k;

end;

 

if ( zzL[k] > 0.0 and zzL[k] = zz[k] ) then

begin

if ( LowPrim > 0 ) then

begin

 

LowLast = Low[k];

numLowLast = k;

 

HL = HighPrim - LowLast;

kj = (LowPrim-LowLast)*1000/(numLowLast-numLowPrim);

if ( HL > 0 and ( Angle <= kj or Angle = -100)) then

begin

Angle = kj;

 

HLp = HighPrim-LowPrim;

k1 = ceiling((numLowPrim+numLowLast)/2);

kj = HLp/HL;

 

ExtLine_ = ExtLine;

if ( kj > 0.1 and kj < 9.36) then

begin

kk = kj;

k2 = 1;

 

 

ki = 0;

colorPPattern = ExtNotFibo;

ki = kiPRZ;

condition1 = true;

 

while (ki <= 63) and (condition1)

begin

if ( numberGartley[ki] > 0 ) then

if ( absvalue((number[ki]-kj)/number[ki]) <= ExtDelta ) then

begin

kk = number[ki];

txtkk = numbertxt[ki];

k2 = -1;

colorPPattern = ExtGartley886;

condition1 = false;

end

else if ( numberMix[ki] > 0 ) then

if ( absvalue((number[ki]-kj)/number[ki]) <= ExtDelta ) then

begin

kk = number[ki];

txtkk = numbertxt[ki];

k2 = -1;

colorPPattern = ExtPesavento;

condition1 = false;

end;

ki = ki + 1;

end;

 

 

 

if ( k2 < 0 ) then

begin

ExtLine_ = ExtLine886;

i_var = text_new(d[k1], time[k1], (lowprim+lowlast)/2, txtkk);

text_setcolor(i_var, colorPpattern);

//text_setsize(i_var, 8);

end

else

begin

txtkk = NumToStr(kk, 3);

i_var = text_new(d[k1], time[k1], (lowprim+lowlast)/2, txtkk);

text_setcolor(i_var, colorPpattern);

//text_setsize(i_var, 8);

end;

 

i_var = tl_new(d[numlowlast], time[numlowlast], lowLast, d[numlowPrim], time[numlowPrim], lowPrim);

tl_setstyle(i_var, 3);

tl_setcolor(i_var, extline_);

 

end;

end;

end

else

begin

numLowPrim = k;

LowPrim = Low[k];

end;

end;

 

if (k > countBarEnd) then

begin

k = numLowPrim + 1;

countLow1 = countLow1 - 1;

countFr = countFr - 1;

 

numLowPrim = 0;

numLowLast = 0;

numHighPrim = 0;

numHighLast = 0;

 

LowPrim = 0.0;

LowLast = 0.0;

HighPrim = 0.0;

HighLast = 0.0;

 

Angle = -100;

end;

 

end;

end;

 

 

end;

 

 

end;

end; //end bartype

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Guest Tresor
Thanks very much.Does anybody know where to get some theoretic background for these patterns?

 

Regs

 

Note all these geometry based patterns are variations of mid-band Wolfe:

(i) Gartley is a converging pattern

(ii) Bat is a diverging pattern

(iii) Crab is a diverging pattern

(iv) Butterfly is a diverging pattern

gartley.png.f446b1f3021a5b3a799295ca01f8a817.png

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There isn't really a theoretical background unless you believe in fibs. Unless perhaps its a trend following with complex retracements approach.

 

However if you go and find the site 4shared then you can find a bunch of pesavento material and read up on it yourself.

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Harmnic Trader has a bunch of (paid) stuff on this too. Whether it has the 'why' I couldn't say. The gartley (for example) to me looks like an ABC correction. Whether looking at the ratios of the various elements gives better results than simply looking at the the price action itself I couldn't say (again).

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Guest Tresor

It could be, but the odds rather favour trading with the trend, and the trend is up ;)

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Do you have a collection of Pesavento Pattern?

 

Is it possible to draw the proiectin of the pattern into right side of the charts?

 

 

Yes I have a collection of patterns.

 

Some are very consistent performers.

Some are inconsistent.

 

Sorry. They are not for sale.

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