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simterann22

Help with Plotting Close T/L on Each New Bar

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Hi all,

 

I was watching a vid from TradeGuider.com and liked the way their charts plotted a horizontal trendline at the value of every current tick. Here is the code I was playing with:

 

Vars:
mytime(0),
mydate(0);
If barnumber=1 then begin
mytime=time;
mydate=date;
end;


Variables: ID(0);

if lastbaronchart then begin

ID = TL_New(MyDate, MyTime, Close, Date, Time, Close); 
Value1 = TL_SetExtRight(ID, True);

"a condition here".................TL_Delete(ID);

end;

 

This is exactly what I wanted it to do (partially) : It would plot a trendline at the current tick value. So for example the T/L would move with the tick value of each bar as it ticked back and forth. On a 60min chart this would happen up to say 200 or more times.....great.....BUT. The problem is that when the chart plots a new bar, a T/L remains from the last close value for the previous bar. So if you were using a 1min chart then a T/L would remain every 1 minute. I wanted the T/L to move to the next bar and only plot the current bar's current value.

 

I'm assuming that the 'lastbaronchart' may not need to be used. This was used to test the recent activity of the T/L. I also played with barnumber<>barnumber[1] parameters to delete previuos T/Ls but since T/Ls were plotted more than once per bar this did not seem to work. Any ideas?

 

Thanks in advance,

 

Sim.

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Hi Sim

 

Here you go, try this :

 

Variables:
mytime(0),mydate(0),ID(0),OldID(0);

If barnumber=1 then begin
mytime=time;
mydate=date;
end;

If TL_Exist(OldID) then TL_Delete(OldID);

if lastbaronchart then begin

ID = TL_New(MyDate, MyTime, Close, Date, Time, Close); 
Value1 = TL_SetExtRight(ID, True);

OldID = ID;

end;

 

As you can see in the code.... I've put the TL Delete function before you plot your new TL and also before the lastbaronchart bracket, so it will always delete the previous ticks trendline no matter if the bars change.

 

Hope this helps

 

Blu-Ray

Edited by Blu-Ray

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