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PeterBrazel

Reset or Clear Each New Bar

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I have created some code that displays some calculations on the current bar and need to clear this information and start the calculation over on each new bar.

 

I have tried this:

if LastBarOnChart and BarStatus( 1 ) = 2 then

 

but nothing displays using this statement.

Here is the code that I want to reset each bar....

Ltxt = text_new(date,time,close," ");
	text_SetLocation(Ltxt,date,CalcTime(time,RightOffset),Close-(txtOff));
	text_SetString(Ltxt,"     "+SEtxt+RightStr(NumtoStr(LoE,Dec),TTrun));
	text_SetColor(Ltxt,Locolor);

 

Any suggestions appreciated.

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try this:

 

if currentbar = 1 then Ltxt = text_new(date,time,close," ");

text_SetLocation(Ltxt,date,CalcTime(time,RightOffset),Close-(txtOff));
text_SetString(Ltxt,"     "+SEtxt+RightStr(NumtoStr(LoE,Dec),TTrun));
text_SetColor(Ltxt,Locolor);

 

 

 

;-)

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Thanks Tams.

 

But this does not seem to work. When I add this nothing plots at all.

 

Perhaps I will provide a little more of my code

 

   	//-- Intra-bar (Minute) Chart Timer -------------------------
if 		BarType = 1 
then begin
	// Grab Computer Time at End-of-Bar and calc end-time
if 	BarStatus(1) = 2 then
	dtEndTime = ComputerDateTime + dtBarTime;		

	// Calc Time Left and Display
if 		dtEndTime <> 0 
then begin
	// Calc Time Left & Pct. Left
	dtTimeLeft = dtEndTime - ComputerDateTime;
	BarLeftPct = (dtTimeLeft / dtBarTime) * 100;
	// Format the text
if 	DispMode = cDispPct 
then  
	TxtStr = NumToStr(BarLeftPct, 0)+"%"+Pad
else if 
	DispMode = cDispRaw 
then
	TxtStr = FormatTime("m:ss", dtTimeLeft)+" "{+Pad};
end 
else 
	TxtStr = "Syncing..."+Pad;

	// Display Text
	text_setstring(TxtID," < "+ TxtStr+"R:"+NumToStr(Risk,0)+" ["+NumToStr((RiskOffset),0)+"]"+ATxt);
	//// Entry Text	


	Htxt = text_new(date,time,close," ");
	text_SetLocation(Htxt,date,CalcTime(time,RightOffset),Close+({2*}txtOff));
	text_SetString(Htxt,"     "+LEtxt+RightStr(NumtoStr(HiE,Dec),TTrun));
	text_SetColor(Htxt,hicolor);

	Ltxt = text_new(date,time,close," ");
	text_SetLocation(Ltxt,date,CalcTime(time,RightOffset),Close-(txtOff));
	text_SetString(Ltxt,"     "+SEtxt+RightStr(NumtoStr(LoE,Dec),TTrun));
	text_SetColor(Ltxt,Locolor);

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Thanks Tams.

 

But this does not seem to work. When I add this nothing plots at all.

 

Perhaps I will provide a little more of my code ...

 

 

 

Peter:

 

remove all occurrences of these codes from your indicator: (all TEXT_NEW)

 

Htxt = text_new(date,time,close," ");
Ltxt = text_new(date,time,close," ");

 

and add this to the beginning of the your indicator. (right after the variables)

 

if currentbar = 1 then 
begin
   Htxt = text_new(date,time,close," ");
   Ltxt = text_new(date,time,close," ");
end;

 

 

 

the idea is this:

 

at bar #1, you draw a text object to the chart.

 

bar #1 is somewhere to the left of your chart... but you really don't care where that is.

you only draw that once, because currentbar = 1 only happens one time.

 

subsequently when your conditions are triggered,

your code reloactes the text object to a new location,

and your code reassigns a new value to the text object...

 

when a new condition is triggered again,

your code reloactes the text object to a new location... yet again !!!

and your code reassigns a new value to the text object...... yet again !!!

 

 

how come you do not see repeated text objects on your chart?

because you have only drew it once.... at bar #1.

 

 

enjoy !

Edited by Tams

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Tams,

 

You are a gentleman. When I followed your instructions nothing plotted at all. I believe I understand conceptually what you are saying.

 

Here is the complete code thus far.

{=====================================================================
NAME:  	BarCountdownTimer

TYPE:	Indicator
AUTHOR:	Bill Conley (AKA Kahuna) - Timer Counter
		Peter Brazel - Risk, Bossilator and other features. 
OUTPUT:
		This countdown timer works on Intrabar, Tick or Volume charts. 
		It displays the Time, Ticks or Volume remaining in a bar as text
	 	to the right of the last bar and a user defined portion of the 
		way up the chart (VertTextPct input).  It provides an option to 
		display remaining bar as a percent of the bar interval size. It 
		changes color from Normal Color (NormColor input) to Alert Color 
		(AlertColor input) when the bar reaches the Alert level 
		percent (AlertPct input).  A TS alert is also triggered which
		the trader can chose to enable via the TS Alerts tab.  This 
		alerts the trader as the bar is ending.
INPUTS:
		VertTextPct - Percent of chart window height at which to display timer (Default: 80)
		NormColor - Color for normal (non-alert) text display (Default: yellow)
		AlertColor - Color for alert text display (Default: red)
		AlertPct - Alert when this percentage of the bar remains (Default: 10),
		DispMode - Display mode option: 1=Percentage, 2=Time/Ticks/Volume (Default: 2)

COMMENTS:
		For use with intrabar, tick and share bar charts only. For Volume
	 	(Sharebar) charts, make sure Volume is set to "Trade Vol" and for
	 	Tick charts set volume to "Tick Count" for proper operation 
	 	of indicator. 

RELEASE NOTES:
		V. 1.0 10/08/09	Initial Version

== Inputs & Variables =================================================}

inputs:		RiskDisplaySettings(""),
		EntryBar(1), 			//Risk Calc Entry Bar 1=1 bar back
		Dec(4),	
		Mult(10000), 			//Multiplier to convert ticks to $
		RiskOffset(1), 			// E.G. 1 Tick above the high to enter long
		TextOff(1),
		TruncateTxt(2), 		//Numbers to display for swings. Default=3 e.g. 1.3456 will display 456
		LETxt("LE :"),
		SETxt("SE :"),
		HiColor(Cyan),
		LoColor(Magenta),
		CounterSettings(""),
		VertTextPct(80{0-100}),
		RightOffset(1),
		NormColor(yellow),
		AlertColor(red),
		AlertPct(10{0-100}),
		DispMode(2 {1=Pct,2=Time/Ticks/Vol})
		;

vars:		TickSize( MinMove / PriceScale ), 
			{		IntrabarPersist Bar_Number( 0 ),
				IntrabarPersist Bar_Ticks ( 0 ),}
		HiE(0),
		LoE(0),
		Risk(0),
		TxtOff(0),
		TextID(0),
		txt(""),
		ATxt(""),
		Htxt(-1),
		LTxt(-1),
		R1T(-1),
		TicksLeft(0),
		color(0),
		TTrun(0),
		EB(0),

		{Timer}
		{ Text Object Vars }
		TxtStr(""),		// Text String  
		AlertStr(""),	// Alert Text String  
		TxtID(text_new(date,time,close, " ")),		// Text Object Reference
		{ Time/Ticks/Vol Vars }
		dtEndTime(0),	// EndTime for Bar
		dtTimeLeft(0),	// Time Left in Bar
		dtBarTime(0),	// Total Time in Bar
		BarLeftPct(0),	// Percent of Bar Remaining
		BarLeftAmt(0),	// Bar Remaining in Ticks/Vol
		{ Constants }
		cDispPct(1),	// Option to display Percentages
		cDispRaw(2),	// Option to display Time/Tick/Vol Values
		cMinDayInv(1/1440),	// One Min portion of day
		Pad("         ")	// Pad to right of text display
		;
// Other Calcs
		TTrun=TruncateTxt;
		HiE=High[EB]+(RiskOffset*TickSize);
		LoE=Low[EB]-(RiskOffset*TickSize);
		TxtOff=(TextOff*TickSize);
		Risk=(HiE-LoE)*Mult; {HL*Mult;}

		EB = EntryBar;

{== Timer Initialization ===================================================}

once begin
	// Check for valid chart
if 	BarType <> 0 and BarType <> 1 then
	RaiseRuntimeError(
		"Countdown Timer is only supported on Intrabar, Tick or Volume Charts");
	// Check for valid input values
if 	DispMode <> 1 and DispMode <> 2 then
	RaiseRuntimeError("The DispMode input must be set to 1 or 2");
if 	VertTextPct > 100 or VertTextPct < 0 then
	RaiseRuntimeError("The VertTextPct input must be set between 0 and 100");
if 	AlertPct > 100 or AlertPct < 0 then
	RaiseRuntimeError("The AlertPct input must be set between 0 and 100");
	// Chart Specific Init
if 	BarType = 1 then begin 		// Intrabar Chart 
		dtBarTime = cMinDayInv * BarInterval;
if 	DispMode = cDispRaw then
	AlertStr = GetSymbolName+" bar has "+NumToStr(BarInterval*60*(AlertPct/100),0)+" seconds remaining"
else
	AlertStr = GetSymbolName+" bar has "+NumToStr(AlertPct,0)+"% remaining";
end
else if 	BarType = 0 then begin	// Tick/Vol Chart
if 			DispMode = cDispRaw then
			AlertStr = GetSymbolName+" bar has "+NumToStr(BarInterval*(AlertPct/100),0)+" ticks/vol remaining"
else
			AlertStr = GetSymbolName+" bar has "+NumToStr(AlertPct,0)+"% remaining";
end;
end;

{== Timer Calculations ====================================================}

if _LastBarOnChart then begin // Only display in real-time

	// Set Text Location from right of chart
	//Value2 = Text_FloatLocation(TxtID, VertTextPct);
	Value2=Text_SetLocation(TxtID, Date, CalcTime(Time,RightOffset), Close);
	{TextID = Text_New(Date, Time, Close, " ");
	Text_SetLocation(TextID, Date, CalcTime(Time,RightOffset), Close);
	text_SetString(TextID," < "+NumToStr(value1,0)+"  R : "+NumToStr(Risk,0)+" ["+NumToStr((RiskOffset),0)+"]"+ATxt);
	text_SetColor(TextID,color);}

	//Value2=Text_SetLocation(TextID, Date, CalcTime(Time,RightOffset), Close);
   	//-- Intra-bar (Minute) Chart Timer -------------------------
if 		BarType = 1 
then begin
	// Grab Computer Time at End-of-Bar and calc end-time
if 	BarStatus(1) = 2 then
	dtEndTime = ComputerDateTime + dtBarTime;		

	// Calc Time Left and Display
if 		dtEndTime <> 0 
then begin
	// Calc Time Left & Pct. Left
	dtTimeLeft = dtEndTime - ComputerDateTime;
	BarLeftPct = (dtTimeLeft / dtBarTime) * 100;
	// Format the text
if 	DispMode = cDispPct 
then  
	TxtStr = NumToStr(BarLeftPct, 0)+"%"+Pad
else if 
	DispMode = cDispRaw 
then
	TxtStr = FormatTime("m:ss", dtTimeLeft)+" "{+Pad};
end 
else 
	TxtStr = "Syncing..."+Pad;

	// Display Text
	text_setstring(TxtID," < "+ TxtStr+"R:"+NumToStr(Risk,0)+" ["+NumToStr((RiskOffset),0)+"]"+ATxt);
	//// Entry Text	

if currentbar = 1 then 
begin
   Htxt = text_new(date,time,close," ");
   Ltxt = text_new(date,time,close," ");
end;

	text_SetLocation(Htxt,date,CalcTime(time,RightOffset),Close+({2*}txtOff));
	text_SetString(Htxt,"     "+LEtxt+RightStr(NumtoStr(HiE,Dec),TTrun));
	text_SetColor(Htxt,hicolor);

	{Ltxt = text_new(date,time,close," ");}
	text_SetLocation(Ltxt,date,CalcTime(time,RightOffset),Close-(txtOff));
	text_SetString(Ltxt,"     "+SEtxt+RightStr(NumtoStr(LoE,Dec),TTrun));
	text_SetColor(Ltxt,Locolor);

	///////
	// Trigger Alert / Use Alert Color
if 	dtEndTime <> 0 and 
	BarLeftPct < AlertPct 
then begin 
	text_SetColor(TxtID, AlertColor);
	Alert(AlertStr);
end
else
	text_SetColor(TxtID, NormColor);
end
	//-- Tick/Volume Chart Timer -------------------------------
else 
if 		BarType = 0 
then begin

	// Calc Bar Remaining 
	BarLeftAmt = BarInterval - Ticks;
	BarLeftPct = (BarLeftAmt / BarInterval) * 100;

	// Calc Remaining value
if 	DispMode = cDispPct then  
	TxtStr = NumToStr(BarLeftPct, 0)+"%"+Pad
else if 
	DispMode = cDispRaw 
then
	TxtStr = NumToStr(BarLeftAmt, 0)+" "+Pad;
	// Display Text

	text_setstring(TxtID," <"+ TxtStr+"R:"+NumToStr(Risk,0)+" ["+NumToStr((RiskOffset),0)+"]"+ATxt);

	// LS Entry Txt

if currentbar = 1 then 
begin
   Htxt = text_new(date,time,close," ");
   Ltxt = text_new(date,time,close," ");
end;


	{Htxt = text_new(date,time,close," ");}
	text_SetLocation(Htxt,date,CalcTime(time,RightOffset),Close+({2*}txtOff));
	text_SetString(Htxt,"     "+LEtxt+RightStr(NumtoStr(HiE,Dec),TTrun));
	text_SetColor(Htxt,hicolor);

	{Ltxt = text_new(date,time,close," ");}
	text_SetLocation(Ltxt,date,CalcTime(time,RightOffset),Close-(txtOff));
	text_SetString(Ltxt,"     "+SEtxt+RightStr(NumtoStr(LoE,Dec),TTrun));
	text_SetColor(Ltxt,Locolor);

	// Trigger Alert / Use Alert Color
if 		BarLeftPct < AlertPct
then begin  
	text_SetColor(TxtID, AlertColor);
	Alert(AlertStr);
end
else begin
	text_SetColor(TxtID, NormColor);
end;
end;
end;

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Tams,

 

You are a gentleman. When I followed your instructions nothing plotted at all. I believe I understand conceptually what you are saying.

 

Here is the complete code thus far...

 

 

try simplify your code to isolate the problem...

 

e.g.

change CalcTime(Time,RightOffset) to TIME

change Close-(txtOff) to CLOSE

change text_SetString(Ltxt," "+SEtxt+RightStr(NumtoStr(LoE,Dec),TTrun));

to text_SetString(Ltxt, " THIS IS A TEST ");

 

 

ie. test the TEXT_SETLOCATION concept to make sure it works... before adding additional parameters and/or variables.

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Tams,

 

The code that produces the text works fine except that it does not clear when a new bar begins.

 

Attached is a screenshot of the code plotting the first time exactly as it should.

 

I will review your posts tomorrow as there is some small adjustment following your logic that should provide my answer.

 

Thank you for your assistance.

Text.png.cf2c022d72e026c65287983b0925c466.png

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Tams,

 

The code that produces the text works fine except that it does not clear when a new bar begins.

 

Attached is a screenshot of the code plotting the first time exactly as it should.

 

I will review your posts tomorrow as there is some small adjustment following your logic that should provide my answer.

 

Thank you for your assistance.

 

 

is that because you have 2 text objects going at the same time?

 

think... if you want Htxt to print, but not Ltxt,

where would you want to put Ltxt?

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Have you checked the reserved word

Text_Delete(keyId)

?

 

Setting the

Text_setstring to "" / empty string

?

 

Using

Text_SetLocation()

to move the text far out of sight if condition

?

 

hth

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I want both the Long Entry and the Short entry price level to be displayed based on a breach of the H or L of a prior bar by x ticks.It all seems to work when I apply the indicatlor until the next bar is formed. It then leaves a trail of the LE and SE for each bar. So your comments about resetting so that only the current bar displays the text is valid. How I achieve it seems to be the issue. If I make the changes you suggest then nothing at all displays. The counter itself with the risk detail works OK but not the LE and the SE. So I am in a spot over this right now. Of course I took the counter from the TS forum and I have quite a bit of stuff that I would like to add to it but all that I want to add has to be treated in this manner. My trades are entered manually on a seperate platform so I want to always have the information readily available to me.

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I want both the Long Entry and the Short entry price level to be displayed based on a breach of the H or L of a prior bar by x ticks.It all seems to work when I apply the indicatlor until the next bar is formed. It then leaves a trail of the LE and SE for each bar. So your comments about resetting so that only the current bar displays the text is valid. How I achieve it seems to be the issue. If I make the changes you suggest then nothing at all displays. The counter itself with the risk detail works OK but not the LE and the SE. So I am in a spot over this right now. Of course I took the counter from the TS forum and I have quite a bit of stuff that I would like to add to it but all that I want to add has to be treated in this manner. My trades are entered manually on a seperate platform so I want to always have the information readily available to me.

 

 

when I applied your code to my chart, the text objects where relocating without a previous trace.

:confused:

 

you must have another text_new there somewhere...

 

 

as long as you understand the concept... and tested the basic functionality to be working... you are in good hands.

 

you just have to trace the code line-by-line to flush out the bug.

 

Good luck.

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Investors were looking for indications of 3-4 rate cuts by the Federal Reserve in 2025 and for the first cut to be in March. However, analysts advise that the forward guidance by the Chairman, Jerome Powell, clearly indicates 2 rate adjustments. In addition to this, analysts believe the Fed will now cut next in May 2025. The average expectation now is that the Federal Reserve will cut 0.25% on two occasions in 2025. The Fed also advised that it is too early to know the effect of tariffs and “when the path is uncertain, you go slower”. This added to the hawkish tone of the central bank. However, surveys indicate that 15% of analysts believe the Federal Reserve will be forced into cutting rates at a faster pace. As a result, the US Dollar Index rose 1.25% and Bond Yields to a 7-month high. For investors, this makes other investment categories more attractive and stocks more expensive for foreign investors. However, the average decline the NASDAQ has seen before investors buy the dip is 13% ($19,320). This will also be a key level for investors if the NASDAQ continues to decline. NASDAQ - Technical Analysis Due to the bearish volatility, the price of the NASDAQ is trading below all major Moving Averages and Oscillators on the 2-Hour chart. After retracement the oscillators are no longer indicating an oversold price and continue to point to a bearish bias. Sell indications are likely to strengthen if the price declines below $21,222.60 in the short-term.       Key Takeaways: A hawkish Federal Reserve cut interest rates by 0.25% and indicates only 2 rate cuts in 2025! The stock market witnesses its worst day of 2024 due to the Fed’s hawkish forward guidance. Economists do not expect a rate cut before May 2025. Housing and bank stocks fell more than 4%. Investors are cashing in their gains and not looking to risk while the Fed is unlikely to cut again until May 2025. The US Dollar Index rises close to its highest level since November 2022. US Bond Yields also rise to their highest since May 2024. The NASDAQ’s average decline in 2024 before investors opt to purchase the dip is 13%. 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. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. 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