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alexfl

Horizontal Lines for Trade Planning

By alexfl, in Coding Forum

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alexfl    10

alexfl
Posted

I am really hoping that someone who is good at coding can help.

I use horizontal lines to plan trades in tradestation. At present I have to laboriously mark all these manually.

 

My dream indicator would:

 

1. Place a horizontal line labelled ENTRY and give the price with option of different colours

2. Place a horizontal line below labelled STOP with the price & No of pips from entry, in red; Option to set x points from entry

3. Place 3 horizontal lines labelled TARGET 1, TARGET 2 and TARGET 3 in green also with prices & No of pips from entry in label ; option to set x, y and z points from entry

 

There would have to be 2 versions one for longs & one for shorts.

Ideally this indicator could be enabled or disabled with a key shortcut.

A final refinement could be placing text on chart of Risk:Reward ratio as the ratio Entry:Stop versus Entry to 1st Target

 

If someone could help I would be very grateful. Thanks!

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Tams    20

Tams
Posted
I am really hoping that someone who is good at coding can help.

I use horizontal lines to plan trades in tradestation. At present I have to laboriously mark all these manually.

 

My dream indicator would:

 

1. Place a horizontal line labelled ENTRY and give the price with option of different colours

2. Place a horizontal line below labelled STOP with the price & No of pips from entry, in red; Option to set x points from entry

3. Place 3 horizontal lines labelled TARGET 1, TARGET 2 and TARGET 3 in green also with prices & No of pips from entry in label ; option to set x, y and z points from entry

 

There would have to be 2 versions one for longs & one for shorts.

Ideally this indicator could be enabled or disabled with a key shortcut.

A final refinement could be placing text on chart of Risk:Reward ratio as the ratio Entry:Stop versus Entry to 1st Target

 

If someone could help I would be very grateful. Thanks!

 

it is not difficult to code,

it would take some time though.

you also need to write a clear specification of what/how you want the lines drawn.

(the blurb above is not enough)

 

there are many codes on this forum which you can "borrow" and adapt to your use.

look under the indicators forum for examples.

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onesmith    10

onesmith
Posted

Change the direction input from a positive to negative number to enable sellshort mode.

 

input: direction(1), ePrice(1365), trgt1(4), trgt2(8), trgt3(16), stp(6);
var: id(0), t1price(0), t2price(0), t3price(0), sPrice(0), tics(minmove/pricescale), initialized(false);

once begin
   if direction>0 then begin
       t1price=ePrice+trgt1*tics;  t2price=ePrice+trgt2*tics;  t3price=ePrice+trgt3*tics;  sPrice=ePrice-stp*tics;
       id=tl_new(d,t,ePrice,d,t,ePrice);  tl_setextright(id,true);  tl_setcolor(id,green);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,sPrice,d,t,sPrice);  tl_setextright(id,true);  tl_setcolor(id,darkred);
   end else if direction<0 then begin
       t1price=ePrice-trgt1*tics;  t2price=ePrice-trgt2*tics;  t3price=ePrice-trgt3*tics;  sPrice=ePrice+stp*tics;
       id=tl_new(d,t,ePrice,d,t,ePrice);  tl_setextright(id,true);  tl_setcolor(id,red);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,sPrice,d,t,sPrice);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
   end;
end;

if lastbaronchart and initialized=false then begin
   if direction>0 then begin
       id=text_new(d,t,ePrice,"      buy "+numtostr(ePrice,4));  text_setcolor(id,green);  text_setstyle(id,0,0);
       id=text_new(d,t,t1price,"      t1 "+numtostr(t1price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t2price,"      t2 "+numtostr(t2price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t3price,"      t3 "+numtostr(t3price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,sPrice,"      stop "+numtostr(sPrice,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
   end else if direction<0 then begin
       id=text_new(d,t,ePrice,"      ss "+numtostr(ePrice,4));  text_setcolor(id,red);   text_setstyle(id,0,1);
       id=text_new(d,t,t1price,"      t1 "+numtostr(t1price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,t2price,"      t2 "+numtostr(t2price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,t3price,"      t3 "+numtostr(t3price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,sPrice,"      stop "+numtostr(sPrice,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
   end;
   initialized=true;
end;

if barstatus(1)=2 and initialized then begin
   text_setlocation(id-4,d,t,ePrice);
   text_setlocation(id-3,d,t,t1price);
   text_setlocation(id-2,d,t,t2price);
   text_setlocation(id-1,d,t,t3price);
   text_setlocation(id,d,t,sPrice);
end;

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bobcollett    10

bobcollett
Posted
Change the direction input from a positive to negative number to enable sellshort mode.

 

input: direction(1), ePrice(1365), trgt1(4), trgt2(8), trgt3(16), stp(6);
var: id(0), t1price(0), t2price(0), t3price(0), sPrice(0), tics(minmove/pricescale), initialized(false);

once begin
   if direction>0 then begin
       t1price=ePrice+trgt1*tics;  t2price=ePrice+trgt2*tics;  t3price=ePrice+trgt3*tics;  sPrice=ePrice-stp*tics;
       id=tl_new(d,t,ePrice,d,t,ePrice);  tl_setextright(id,true);  tl_setcolor(id,green);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,sPrice,d,t,sPrice);  tl_setextright(id,true);  tl_setcolor(id,darkred);
   end else if direction<0 then begin
       t1price=ePrice-trgt1*tics;  t2price=ePrice-trgt2*tics;  t3price=ePrice-trgt3*tics;  sPrice=ePrice+stp*tics;
       id=tl_new(d,t,ePrice,d,t,ePrice);  tl_setextright(id,true);  tl_setcolor(id,red);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,sPrice,d,t,sPrice);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
   end;
end;

if lastbaronchart and initialized=false then begin
   if direction>0 then begin
       id=text_new(d,t,ePrice,"      buy "+numtostr(ePrice,4));  text_setcolor(id,green);  text_setstyle(id,0,0);
       id=text_new(d,t,t1price,"      t1 "+numtostr(t1price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t2price,"      t2 "+numtostr(t2price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t3price,"      t3 "+numtostr(t3price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,sPrice,"      stop "+numtostr(sPrice,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
   end else if direction<0 then begin
       id=text_new(d,t,ePrice,"      ss "+numtostr(ePrice,4));  text_setcolor(id,red);   text_setstyle(id,0,1);
       id=text_new(d,t,t1price,"      t1 "+numtostr(t1price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,t2price,"      t2 "+numtostr(t2price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,t3price,"      t3 "+numtostr(t3price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,sPrice,"      stop "+numtostr(sPrice,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
   end;
   initialized=true;
end;

if barstatus(1)=2 and initialized then begin
   text_setlocation(id-4,d,t,ePrice);
   text_setlocation(id-3,d,t,t1price);
   text_setlocation(id-2,d,t,t2price);
   text_setlocation(id-1,d,t,t3price);
   text_setlocation(id,d,t,sPrice);
end;

 

onesmith

You are one smart cookie

Thankyou

bobc

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alexfl    10

alexfl
Posted

Thank You Onesmith :thumbs up:: that is exactly what I had in mind !!! How wonderful to be able to code like that. It is incredibly useful for trade planning as it is. However, if you feel like making a further mod it would be lovely to be able to alter the style & colours of the lines! :idea: It would also be fantastic to change the lines value by single click on the line and move it to the best locations without returning to the indicator properties. Thank you once Again

 

 

 

Change the direction input from a positive to negative number to enable sellshort mode.

 

input: direction(1), ePrice(1365), trgt1(4), trgt2(8), trgt3(16), stp(6);
var: id(0), t1price(0), t2price(0), t3price(0), sPrice(0), tics(minmove/pricescale), initialized(false);

once begin
   if direction>0 then begin
       t1price=ePrice+trgt1*tics;  t2price=ePrice+trgt2*tics;  t3price=ePrice+trgt3*tics;  sPrice=ePrice-stp*tics;
       id=tl_new(d,t,ePrice,d,t,ePrice);  tl_setextright(id,true);  tl_setcolor(id,green);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
       id=tl_new(d,t,sPrice,d,t,sPrice);  tl_setextright(id,true);  tl_setcolor(id,darkred);
   end else if direction<0 then begin
       t1price=ePrice-trgt1*tics;  t2price=ePrice-trgt2*tics;  t3price=ePrice-trgt3*tics;  sPrice=ePrice+stp*tics;
       id=tl_new(d,t,ePrice,d,t,ePrice);  tl_setextright(id,true);  tl_setcolor(id,red);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkred);
       id=tl_new(d,t,sPrice,d,t,sPrice);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);
   end;
end;

if lastbaronchart and initialized=false then begin
   if direction>0 then begin
       id=text_new(d,t,ePrice,"      buy "+numtostr(ePrice,4));  text_setcolor(id,green);  text_setstyle(id,0,0);
       id=text_new(d,t,t1price,"      t1 "+numtostr(t1price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t2price,"      t2 "+numtostr(t2price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t3price,"      t3 "+numtostr(t3price,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,sPrice,"      stop "+numtostr(sPrice,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
   end else if direction<0 then begin
       id=text_new(d,t,ePrice,"      ss "+numtostr(ePrice,4));  text_setcolor(id,red);   text_setstyle(id,0,1);
       id=text_new(d,t,t1price,"      t1 "+numtostr(t1price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,t2price,"      t2 "+numtostr(t2price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,t3price,"      t3 "+numtostr(t3price,4));  text_setcolor(id,darkred);  text_setstyle(id,0,1);
       id=text_new(d,t,sPrice,"      stop "+numtostr(sPrice,4));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
   end;
   initialized=true;
end;

if barstatus(1)=2 and initialized then begin
   text_setlocation(id-4,d,t,ePrice);
   text_setlocation(id-3,d,t,t1price);
   text_setlocation(id-2,d,t,t2price);
   text_setlocation(id-1,d,t,t3price);
   text_setlocation(id,d,t,sPrice);
end;

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onesmith    10

onesmith
Posted

I didn't use inputs in this version because I change their values from within the editor. That updates everything I'm looking at without going through the menus. The inputs are still separated on the first line so that can easily be changed back. I limit the text display to 2 decimals so if you're trading pips increase numtostr(price,decimals) or make it an input.

 

var: dir(1), ePrice(1356), trgt1(4), trgt2(8), trgt3(16), stp(6);
var: id(0), t1price(0), t2price(0), t3price(0), sPrice(0), tic(minmove/pricescale), initialized(false);

if initialized then begin
   tl_setend(id-4,d,t,ePrice);   tl_setbegin(id-4,d,t,ePrice);
   tl_setend(id-3,d,t,t1price);  tl_setbegin(id-3,d,t,t1price);
   tl_setend(id-2,d,t,t2price);  tl_setbegin(id-2,d,t,t2price);
   tl_setend(id-1,d,t,t3price);  tl_setbegin(id-1,d,t,t3price);
   tl_setend(id,d,t,sPrice);     tl_setbegin(id,d,t,sPrice);

   text_setlocation(id-4,d,t,ePrice);
   text_setlocation(id-3,d,t,t1price);
   text_setlocation(id-2,d,t,t2price);
   text_setlocation(id-1,d,t,t3price);
   text_setlocation(id,d,t,sPrice);
end else begin
   if dir>0 then begin
       t1price=ePrice+trgt1*tic;  t2price=ePrice+trgt2*tic;  t3price=ePrice+trgt3*tic;  sPrice=ePrice-stp*tic;
       id=tl_new(d,t,ePrice,d,t,ePrice);    tl_setextright(id,true);  tl_setcolor(id,green);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);  tl_setstyle(id,2);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);  tl_setstyle(id,2);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkgreen);  tl_setstyle(id,2);
       id=tl_new(d,t,sPrice,d,t,sPrice);    tl_setextright(id,true);  tl_setcolor(id,darkred);    tl_setstyle(id,2);

       id=text_new(d,t,ePrice,"              "+numtostr(ePrice,2));    text_setcolor(id,green);      text_setstyle(id,0,0);
       id=text_new(d,t,t1price,"              "+numtostr(t1price,2));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t2price,"              "+numtostr(t2price,2));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,t3price,"              "+numtostr(t3price,2));  text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
       id=text_new(d,t,sPrice,"              "+numtostr(sPrice,2));    text_setcolor(id,darkred);    text_setstyle(id,0,1);
   end else begin
       t1price=ePrice-trgt1*tic;  t2price=ePrice-trgt2*tic;  t3price=ePrice-trgt3*tic;  sPrice=ePrice+stp*tic;
       id=tl_new(d,t,ePrice,d,t,ePrice);    tl_setextright(id,true);  tl_setcolor(id,red);
       id=tl_new(d,t,t1price,d,t,t1price);  tl_setextright(id,true);  tl_setcolor(id,darkred);    tl_setstyle(id,3);
       id=tl_new(d,t,t2price,d,t,t2price);  tl_setextright(id,true);  tl_setcolor(id,darkred);    tl_setstyle(id,3);
       id=tl_new(d,t,t3price,d,t,t3price);  tl_setextright(id,true);  tl_setcolor(id,darkred);    tl_setstyle(id,3);
       id=tl_new(d,t,sPrice,d,t,sPrice);    tl_setextright(id,true);  tl_setcolor(id,darkgreen);  tl_setstyle(id,3);

       id=text_new(d,t,ePrice,"              "+numtostr(ePrice,2));    text_setcolor(id,red);        text_setstyle(id,0,1);
       id=text_new(d,t,t1price,"              "+numtostr(t1price,2));  text_setcolor(id,darkred);    text_setstyle(id,0,1);
       id=text_new(d,t,t2price,"              "+numtostr(t2price,2));  text_setcolor(id,darkred);    text_setstyle(id,0,1);
       id=text_new(d,t,t3price,"              "+numtostr(t3price,2));  text_setcolor(id,darkred);    text_setstyle(id,0,1);
       id=text_new(d,t,sPrice,"              "+numtostr(sPrice,2));    text_setcolor(id,darkgreen);  text_setstyle(id,0,0);
   end;
   initialized=true;
end;

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alexfl    10

alexfl
Posted

Thank you for the explanation. This is great on higher time frames. However, I also daytrade with 144t & 512t or 5min & 15min charts. At that level there isn't much time to input numbers etc. It is important to be able to click the lines, move them to good positions in relation to Support & resistance after which:- I still need time to satisfy myself on the merits of the trade R :R etc, place the trade, and take a snagit for my trade log. Also while watching a potential trade setting up, I may need to adjust the lines several times until the situation matures into an actual opportunity. So.... if there is a way of coding this so that I could simply click & move the lines that would be even more amazing!! Thanks for all your help.

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