How do you put a consolidation into EL? - futures io
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How do you put a consolidation into EL?


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How do you put a consolidation into EL?

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  #11 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received


ShadowFox View Post
You can change this in the data symbol settings. Right click chart, edit symbol, scaling, uncheck the expand range to include studies option.

Thanks, it works now:




For SunTrader: the download file contains only a text file with the formula of the indicator, there are no .Eld files;
it has already been downloaded several times, and it is 100% safe, I have just verified it with Virustotal (56 antivirus):




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  #12 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received

The Supertrend also identifies congestion phases well; the formula is this:

--------------------------------------------------------------
{SuperTrend - Indicator}


Inputs:
ATRLength(10), ATRMult(3), UpColor(green), DnColor(red);

vars:
ATR(0),
avg(0),
dn(0),
up(0),
trend(1),
flag(0),
flagh(0),
SuperTrend(0);

ATR = AvgTrueRange(ATRLength) * ATRMult;
avg = (high + low)/2;
up = avg + ATR;
dn = avg - ATR;

if close > up[1] then
trend = 1
else if close < dn[1] then
trend = -1;

if trend < 0 and trend[1] > 0 then flag=1 else flag=0;
if trend > 0 and trend[1] < 0 then flagh = 1 else flagh = 0;

if trend > 0 and dn < dn[1] then dn=dn[1];
if trend < 0 and up > up[1] then up=up[1];

if flag = 1 then up = avg + ATR;
if flagh = 1 then dn = avg - ATR;

if trend = 1 then SuperTrend = dn else SuperTrend = up;
Plot3(SuperTrend,"SuperTrend",iff(trend = 1, green, red));

------------------------------------------------------------------------------

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  #13 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received


For ShadowFox: You have a P.M.

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  #14 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received

This Indicator is definitely better, but...unfortunately it is paid:



image sharing website


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  #15 (permalink)
Shaban
Turin + Italy
 
 
Posts: 177 since Feb 2020
Thanks: 20 given, 108 received

If it helps you, you could try the function: ChoppyMarketIndex, made by George Pruitt in his book:
Building Winning Trading System with Tradestation -2a ed, which was reported here:


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