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Programing indicator, close line if it has been touched
I have some programing skill, but it is getting rusty, so it would be great, if someone can help me out. I am using different S/R levels. All these levels based on highs/lows etc... but all these levels are negated, if it has been touched by the price action. I dont know is there any indicator which is doing like this (I do remember gomi using lines for naked levels like this). So the question is that, is someone has a template to do this, or has simular thing to do this?
Thank you in advance!
Can you help answer these questions from other members on NexusFi?
You could loop through the last x number of bars and compar the high and low of those bars and see if your price falls inbetween. This way you can control how far back you want to check it tye line has been touched or not
Yesterday I have been checked almost every indicator on the site, and I have not find any of these requirment. So I have been started to do it alone. If I am ready I will do the upload ofcourse on the site, till that finger crossed
Your description is not very clear. Actually I do not understand what you look for. Best you attach a chart, as the picture might help to decipher your ideas.
I have an indicator that plots naked highs and lows. Those highs and lows are either ETH or RTH highs and lows from prior trading days. The highs and lows are plotted until they are touched and will disappear at the end of the trading day during which they were taken out.
Is that what you look for, or do you plot intraday levels?
FloridaOJ,
This should do most of what you want. It shows naked swing highs & lows, has the options to show or hide broken lines & you can adjust the size of the swing the indicator calculates from. Hope it helps
Thank you for jumping in. I am looking for All the Lows, and Highs, from previus days, till it is not broken. Why? you can ask. I was using a lots of fibs tool, session pivots, and all the stuff to plot areas. Sometimes these are working sometimes not. But I have been realized, most of the cases, the previus days highs and lows are most likely going to be broken. Ofc you can always point out it was a fib level, you can always point out, that was a trading pit pivot, that was a volume profile PointOfControll.
But I would like to have clarity. I dont need too much levels, only the highs, lows, and closes (naked GAPs) till it is not broken. Valhalla future indicator has a simular stuff, with a lots of other stuff together, what I dont really need: Valhalla Futures - Software
The second problem which is comming is the session time ofc. You are not able to plot the globex H/L if that is not in the session template. I have seen your indicators, and my biggest issue (i dont know is that solveable or not) to have a globex high and low without showing it in the session. I believe there is no possibility to do this (only with workarounds, to getting information from another chart)
If you look back over a longer period, naked highs and lows will be affected by rollover gaps. Therefore the question is whether
-> you use a merged backadjusted chart (which shows readjusted naked highs and lows)
-> or whether you use a merged, non-backadjusted chart (which shows the original values for highs and lows from the old contract months)
If you look at ES 12-14 today, you will find
-> a naked gap from May 21, if you use a backadjusted chart
-> naked lows from May 15, 16 and 20, if you use a merged chart, which is not backadjusted
Yip, make sense. Didnt consider this question at to to speaking frankly. I am using tick data, and it is automatically merged by ninja (guessing backadjusted by default).
But as I said! planing to use Minute chart, with clean RTH only data, to spotting different time levels, in case of tranding. My beliefe is more people using backadjusted data by default, so makes more sense for me to use that. Ofc there is no black or white answer never, and would be nice to analyse it, but not now
Do you have any observation on this topic?
What is the indicator here what you are using? It is very nicly spotting the important level as I see. And speaking frankly, for intraday trading these levels are comfirmations and not signals
Not sure whether a naked high or low from May is observed by many traders. Maybe the index close is more important here than the futures, as it is not affected by rollover gaps.
The indicator uses RTH data only - although it is added to an ETH chart. You will note that if a naked high or low is broken during the night session, is is still considered as a naked high and the indicator continues to plot that high until it is taken out during the regular session. In case that price gaps up above a naked high without a retest during the following regular session, the naked high is shown as support and not as resistance (color change from green to red).
Prior day's close and open (the pair that forms a gap) is displayed until taken out on one of the following days. The indicator even displays them, if the gap has been immediately closed during the regular session.
