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



How do you put a consolidation into EL?


Discussion in EasyLanguage Programming

Updated
      Top Posters
    1. looks_one Shaban with 6 posts (1 thanks)
    2. looks_two Mgem with 4 posts (0 thanks)
    3. looks_3 SunTrader with 3 posts (2 thanks)
    4. looks_4 Billiwon with 1 posts (0 thanks)
    1. trending_up 2,417 views
    2. thumb_up 4 thanks given
    3. group 5 followers
    1. forum 14 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

How do you put a consolidation into EL?

(login for full post details)
  #1 (permalink)
Mgem
New York City
 
 
Posts: 7 since Apr 2021
Thanks: 1 given, 0 received

Does anyone know how to put a consolidation in to a strategy as well well as a indictor?

Reply With Quote

Can you help answer these questions
from other members on futures io?
For the experts of Metastock
Platforms and Indicators
Ninjatrader 8 Indicator - Plotting lines as offset from …
NinjaTrader
Portfolio Management Tool/Software
Psychology and Money Management
TD Sequential for NT or MW?
Platforms and Indicators
Help with NinjaScript strategy keyboard event
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Al Brooks Trading Course (www.brookstradingcourse.com)
29 thanks
Fail to Plan - Plan to Fail: What can go wrong?
22 thanks
Losing faith...
21 thanks
Where do you get your financial news & investment ideas?
18 thanks
Holding futures overnight
17 thanks
 
(login for full post details)
  #2 (permalink)
SunTrader
Boca Raton, FL
 
 
Posts: 171 since Nov 2018
Thanks: 43 given, 127 received


Mgem View Post
Does anyone know how to put a consolidation in to a strategy as well well as a indictor?

A consolidation?

If you are talking about a price consolidation - how do you define a consolidation?

How another trader defines it might be completely different.

Same for trend, support, resistance, all kinds of patterns yada yada.

Anything can be coded .... that is specifically defined. Nothing can be coded that isn't.

Reply With Quote
The following 2 users say Thank You to SunTrader for this post:
 
(login for full post details)
  #3 (permalink)
 Billiwon 
Los Angeles, California
 
Experience: Intermediate
Platform: NinjaTrader, TradeStation
Trading: Index futures, etc.
 
Posts: 19 since Aug 2014
Thanks: 28 given, 9 received



Mgem View Post
Does anyone know how to put a consolidation in to a strategy as well well as a indictor?

By "Consolidation" you mean as in ADX below a certain threshold?
Or as in BollingerBand squeeze?
Just plot them as indicators in your chart to show consolidation.
Or include them as conditions in a strategy.

~Bill

Reply With Quote
 
(login for full post details)
  #4 (permalink)
Mgem
New York City
 
 
Posts: 7 since Apr 2021
Thanks: 1 given, 0 received


SunTrader View Post
A consolidation?

If you are talking about a price consolidation - how do you define a consolidation?

How another trader defines it might be completely different.

Same for trend, support, resistance, all kinds of patterns yada yada.

Anything can be coded .... that is specifically defined. Nothing can be coded that isn't.




Great point! Yes I mean a price consolidation, trading in a tight range, with lower volume and the price does not really go outside the support and resistance.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Mgem
New York City
 
 
Posts: 7 since Apr 2021
Thanks: 1 given, 0 received


Billiwon View Post
By "Consolidation" you mean as in ADX below a certain threshold?
Or as in BollingerBand squeeze?
Just plot them as indicators in your chart to show consolidation.
Or include them as conditions in a strategy.

~Bill



I mean more of a price consolidation where it has a support and resistance and doesnt really go out side of those two. Normally will have lower volume within that range.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
SunTrader
Boca Raton, FL
 
 
Posts: 171 since Nov 2018
Thanks: 43 given, 127 received

That is not what I meant. Mathematically specified.

Again like I said each of us determines what is support exactly , what is resistance exactly, what is a tight range exactly etc.

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Mgem
New York City
 
 
Posts: 7 since Apr 2021
Thanks: 1 given, 0 received


SunTrader View Post
That is not what I meant. Mathematically specified.

Again like I said each of us determines what is support exactly , what is resistance exactly, what is a tight range exactly etc.

I would say the support would be the low of X bars back and that low remains the support as long as another low is X % within the low, so the low would go with say for example .05% above and below that low If a low is outside of that % then that is the new support to be tested. The Resistance would be the reverse but for the high. The ATR is descending or potentially even and the volume is lower then the average.

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Shaban
Turin + Italy
 
 
Posts: 119 since Feb 2020
Thanks: 14 given, 68 received

Here is the formula in Easylanguage of an Indicator inspired by Nicolas Darvas' technique, which plots supports and resistances:

https://www.mediafire.com/file/mekvo0lp0i01jnj/Darvas_Box.rar/file

but when I insert it in the chart, the image becomes very narrow, if someone can solve this problem:



before inserting the indicator, the chart has these dimensions:


Reply With Quote
 
(login for full post details)
  #9 (permalink)
SunTrader
Boca Raton, FL
 
 
Posts: 171 since Nov 2018
Thanks: 43 given, 127 received


Shaban View Post
Here is the formula in Easylanguage of an Indicator inspired by Nicolas Darvas' technique, which plots supports and resistances:

https://www.mediafire.com/file/mekvo0lp0i01jnj/Darvas_Box.rar/file

but when I insert it in the chart, the image becomes very narrow, if someone can solve this problem:



before inserting the indicator, the chart has these dimensions:


Sorry but not going to download something I have no clue whether or not it is safe.

But try formatting indicator under scaling tab to (Scale On): Same Axis as Underlying Data.

Reply With Quote
 
(login for full post details)
  #10 (permalink)
 ShadowFox 
CO/USA
 
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
 
ShadowFox's Avatar
 
Posts: 92 since Jun 2020
Thanks: 58 given, 128 received



Shaban View Post
Here is the formula in Easylanguage of an Indicator inspired by Nicolas Darvas' technique, which plots supports and resistances:

https://www.mediafire.com/file/mekvo0lp0i01jnj/Darvas_Box.rar/file

but when I insert it in the chart, the image becomes very narrow, if someone can solve this problem:



before inserting the indicator, the chart has these dimensions:


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

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to ShadowFox for this post:


futures io Trading Community Platforms and Indicators EasyLanguage Programming > How do you put a consolidation into EL?


Last Updated on July 26, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts