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Hello
I am trying to learn AB and loops in particular. There seems to be
something I'm not getting - and I have been playing with this for the
past several weeks.
I want to create a trend indicator that will track below an uptrend
(x% below the highest high of the most recent "y" period) or track
above a downtrend(x% above the lowest low of the most recent "y"
period), where the period "y" increases each day for the duration of
each trend up to a maximum level.
When a cross of the price (C) and the trend occurs,(either up or
down) the period "y" resets to zero.
My attepmt at coding this is below. For some reason, when a cross
occurs the change doesn't happen. And the value of the "trend"
indicator doesn't seem to be the HHV or LLV value either. I'm
stumped and any help would be appreciated.
Here is the code:
// Percentage Trend Indicator
K = Param("% Coeff of Correlation",10,1,50,1);
MaxPeriod = Param("Trend Calculation Period",5,1,25,1);
Period = 1;
Trend = C[0];
Uptrend = C > Ref(Trend,-1); // Uptrend
Downtrend = NOT Uptrend;
CrossUP = Cross(C, Ref(Trend,-1)); // change to uptrend
CrossDown = Cross(Ref(Trend,-1),C); // change to downtrend
HV = HHV(H,Period );
LV = LLV(L,Period );
MP = MaxPeriod ;
for (i = 1; i < BarCount; i++)
{
if (CrossUP [i] OR CrossDown [i]){
Period = 0;
}
if(Period < MP)
{
if ( Uptrend[i])
{
Period ++;
Trend[i] = HV[i] * (1-(K/100));
}
if (Downtrend[i])
{
Period ++;
Trend[i] = LV[i] * (1+(K/100));
}
}
else if (Period >= MP)
{
if (Uptrend[i]) Trend[i] = HV[i] * (1-(K/100)) ;
if (Downtrend[i]) Trend[i] = LV[i] * (1+(K/100)) ;
}
}
Plot(Trend,"Trend",colorYellow,1);
Plot(C,"Close",colorYellow,64);
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