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Hi
The only reason I'm posting this is because I'm new at all this and
would like some reaction as to its' usefulness, or whether I'm
misguided!
I wanted to create Countback Entry, EntryMax and Exit lines based on
a *selected* historical LOW or HIGH (respectively). The following
code does it, but have I got it right?
I've learned a lot from everyone's contributions here so if it's good
for you, take it as a thank you.
Mike
Graph #1
// Countback Entry lines
x = 1;
CountofBars = BarCount;
Def_bar = 1;
Def_Low = SelectedValue(Low);
SeekHigh = SelectedValue(High); //grab selected values
Seek2High = SeekHigh;
BackgroundColor = colorCustom1;
HighColor = colorWhite;
LowColor = colorBlue;
// Plot the Basis price
Plot( Close, "Close", colorBlack, styleCandle );
ColorHighs = ColorLows = BackgroundColor;
ColorHighs[BarCount-1] = HighColor;
ColorLows[BarCount-1] = LowColor;
CurrentHigh = High;
HighCount = 0;
for ( CurrentBar = BarCount - 2; CurrentBar >= 0 AND HighCount < X;
--CurrentBar )
{
ColorHighs[CurrentBar] = colorWhite;
// Have we hit the next Bar with a higher axis?
if ( Low[CurrentBar] < SeekHigh AND High[CurrentBar] > SeekHigh)
{
Seek2High = High[CurrentBar];
Hold(seek2High,BarCount);
HighCount = HighCount + 1;
}
}
CurrentHigh = High;
HighCount = 0;
for ( CurrentBar = BarCount - 2; CurrentBar >= 0 AND HighCount < X;
--CurrentBar )
{
ColorHighs[CurrentBar] = colorWhite;
// Have we hit the next Bar with a higher axis?
if ( Low[CurrentBar] <= Seek2High AND High[CurrentBar] > Seek2High)
{
Plot( High[CurrentBar], "CountBack Entry", ColorHighs, styleDots );
Plot( (High[CurrentBar]+(High[CurrentBar]-Def_Low)), "CountBack Entry
Max", ColorHighs, styleDots );
HighCount = HighCount + 1;
}
}
/*END*/
Graph #2
// Countback Exit lines
x = 1;
CountofBars = BarCount;
Def_bar = 1;
SeekLow = SelectedValue(Low); //
SeekHigh = SelectedValue(High); //Grab Values from Chart at
Selection
Seek2Low = SeekLow;
BackgroundColor = colorCustom1;
HighColor = colorWhite;
LowColor = colorDarkRed;
// Plot the Basis price
Plot( Close, "Close", colorBlack, styleCandle );
ColorHighs = ColorLows = BackgroundColor;
ColorHighs[BarCount-1] = HighColor;
ColorLows[BarCount-1] = LowColor;
CurrentHigh = High;
HighCount = 0;
for ( CurrentBar = BarCount - 2; CurrentBar >= 0 AND HighCount < X;
--CurrentBar )
{
ColorHighs[CurrentBar] = colorWhite;
// Have we hit the next Bar with a higher axis?
if ( Low[CurrentBar] < SeekLow AND High[CurrentBar] > SeekLow)
{
Seek2Low = Low[CurrentBar];
Hold(seek2Low,BarCount);
HighCount = HighCount + 1;
}
}
CurrentHigh = High;
HighCount = 0;
for ( CurrentBar = BarCount - 2; CurrentBar >= 0 AND HighCount < X;
--CurrentBar )
{
ColorHighs[CurrentBar] = colorWhite;
// Have we hit the next Bar with a higher axis?
if ( Low[CurrentBar] <= Seek2Low AND High[CurrentBar] > Seek2Low)
{
Plot( Low[CurrentBar], "CountBack Exit", ColorHighs, styleDots );
HighCount = HighCount + 1;
}
}
/*END*/
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