This code allows lines to be drawn at regular price levels. I had this converted professionally from a NT7 indicator so I cannot assist with support.
The lines are customisable with the usual line options as well as the line length.
I hope someone else finds it helpful.
This indicator is meant as an add on to the irSessionSupportAndResistance indicator here.
The irLabel indicator simply attaches a price label to a Ray drawn on your chart.
If you manually draw a Ray on your chart and want a price label attached to it for reference, simply select the ray and modify the Ray Properties -> Data -> Tag to include the word " session " [i.e., sessionLowRay, sessionHighRay, session1, sessionA1 etc.,]
The indicator has been coded to properly display the price labels in fractions for Interest Rate Contracts [i.e., T-Bills, Notes, Bonds]. When applied to a chart that has its price scale formatted in decimal format [i.e., Equities, Currencies, Commodities] prices will be properly displayed in decimal format.
This is the indicator coded a by Ninja tech support person maybe Ray. Can't remember anymore. It's from the Ninja forum if I remember. Straight forward but helpful for sure. Works with a Line, Ray, HorizonalLine and ExtendedLine. I made no changes to this indicator.
Standard EMA re-programmed to display fractional pricing to match Interest Rate Futures pricing.
[Will also properly display decimal pricing on contracts other than Interest Rates]
Got my hands on ToS again, and we're back in business.. - here's a come-back gift...
This is my own ToS port of SVAPO (Short-Term Volume and Price Oscillator), a trading system introduced by Sylvain Vervoort that combines both volume and price trends to identify tradable setups - full details on the concept, and trade rules that he suggests are herehttps://stocata.org/ta_en/proprietary.html
took the concept and re-wrote it for ToS, using my own preferred techniques for smoothing and averaging - to achieve less lag and make the final plot more "friendly and usable" - while maintaining the overall original concept. (let me know if interested in exact details of the differences). also changed the resulting oscillator to a restricted range -100/+100 - no longer need to use the StdDev upper/lower lines..
the code is commented - the full details of how the original SVAPO can be used for signal generation are on web site above.
I also added the option to view the resulting plot in a Stepped mode or with an Inverse Fisher Transform - we still get almost no lag as we don't use unnecessary smoothing here. you can see how the signal (in this case crossing the zero line) is in line with the K_TraderRibbon on top, sometimes ahead of it.
suggestions for use:
use K_SVAPO along with a long-term trend indicator. if you set K_SVAPO correctly, it will provide unambigious signals on ideal entry points when the price retraces before continuing the trend.
you can also use 2 K_SVAPO, one longer and one shorter to provide a similar combo. in that case, i suggest you change one of them to the "Stepper" for easier viewing
as usual, appreciate if you keep in the forum. all feedback & comments welcome, as i'm still testing this anyways,
here's a quick one.. inspired by range charts, but simplified and still painted on regular time charts..
i needed something to help me spot common S/R levels and also watch price moves between levels of either % of price or in blocks of a certain dollar value (0.2, 0.5, 1.0 ... etc)
default is to show moves in increment of 0.5% of all-time (based on chart) mid-price, but can be changed to better suit the time aggregation and the underlying price range we're looking at (for shorter timeframe, you may want to look at $.25 levels, for a stock like AAPL you want to look at a $5.0 increments and so on)
The percentage level value is always approximated to the nearest multiple of $0.1 to make it meaningful.
if there's a setting in Override Range Unit, then that's the one the study will use as a unit for the incermental levels.
you can show/hide the levels calc details labels on top using the study settings.
found it interesting and it helps hide a lot of noise from price - also comes closer to my own view of Darvas so thought to share for the Range Chart & breakout trading fans..
Cheers,
RedK
August 5th, 2013 11:48 AM jmsUK Thanks for this. Was looking for an indicator which labels the extremes with the actual price, rather than points/ticks.
August 5th, 2011 04:19 PM jmjstrider I'm enjoying using the indicator. It will not allow changing thickness from the default of 3. Would be good if that co
January 25th, 2020 12:20 PM panamajack Thanks for the Label - could someone do this for NT8? Never mind - figured out the NT8 workaround. No worries now.
August 31st, 2016 07:18 AM lesterb Thanks TGN
August 7th, 2016 08:08 AM bcomas Good tool, simple and usseful Thanks!
June 10th, 2016 05:34 AM NMTrader Thanks! Time saver!