// RASHEED'S BREAKOUTS
// help requested for adding an exploration
for End of Day breakouts
/* coded by NW Trader
1-29-10
with exploration, chart signals and chart options
toggle parameter to select between C or H & L for the breakout
crossings
toggle parameter added to remove extra trade
signals
Volume at price added
*/
_SECTION_BEGIN("BREAK
OUTS");
// ============== Standard Chart Code
============================
CodeName
= "Rasheed's
Breakouts"
;
SetFormulaName("Rasheed's
Breakouts"
);
// --------------- Controls for Chart Display
----------------------------------
SetChartOptions(0,chartShowDates|chartWrapTitle);
if(
ParamToggle("Tooltip
shows",
"All
Values|Only Prices"
) )
{
ToolTip=StrFormat("Open:
%g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%) \nVolume: "+NumToStr(
V,
1
), O,
H,
L,
C,
SelectedValue(
ROC(
C,
1
)));
}
space = Param("Space
on Chart",
20,
-15,
50,
1);
GraphXSpace
= space;
SetChartBkColor( ParamColor("Background
Color"
, colorLightGrey)
);
//
================= Rasheed's original code (with Lookback and Shift default set
to his specs) =================
H0=H;
L0=L;
C0=C;
O0=O;
Lookback=Param("LookBack",10,10,50,1);
//
Default for interday commodity currency trading
shift=Param("Shift",
5,1,50,1);
//
?
x0=LastValue(Cum(1));
x1=x0-shift;
H=Ref(H,-shift+1);
L=Ref(L,-shift+1);
H1=LastValue(Ref(HHV(H,Lookback),-1));
L1=LastValue(Ref(LLV(L,Lookback),-1));
Plot(H1,"H1",colorYellow);
Plot(L1,"L1",colorYellow);
H=H0;L=L0;C=C0;O=O0;
up=Cross(H,H1)
AND
Cum(1)>x1;
dn=Cross(L1,L)
AND
Cum(1)>x1;
Plot(C,"Close",IIf(Cum(1)>x1-Lookback
AND
Cum(1)<=x1,colorBlue,IIf
(Up,colorBrightGreen,IIf(
Dn,colorRed,colorBlack))),64);
PlotShapes(shapeDownArrow*(Cum(1)==x1+1),colorBlue);
//
======================= Exploration and Signal Code
=================
TRIGGER
= ParamToggle("Trigger
"
,"CLOSE|HIGH
OR LOW")
;
XH1
= Cross(C,H1)
;
XL1
= Cross(L1,C);
XH2
= Cross(H,H1);
XL2
= Cross(L1,L);
if(
TRIGGER ==0)
{
Buy
= XH1 ;
Sell
= XL1 ;
}
else
{
Buy
= XH2 ;
Sell
= XL2 ;
}
TradeDisplay
= ParamToggle("Remove
Extra Trades?",
"No|Yes");
if(TradeDisplay
== 0)
{
}
else
{
Buy
= ExRem(Buy,Sell);
Sell = ExRem(Sell,Buy); //
THIS WILL REMOVE EXESS SIGNALS ON A CHART OR IN AN EXPLORATION
}
Filter
= Buy
OR
Sell;
Action
= "">WriteIf(Buy,
"BUY",
WriteIf(
Sell,
"SELL", " "
) );
AddTextColumn(IndustryID(1)
,"Industry
Sector ",
30.0,
colorBlue,
colorYellow);
AddColumn(C,
"Last
",2.2,
colorWhite,colorBlue);
AddTextColumn(Action,
"Action",
8.0,
IIf(XH1,
colorDarkGreen,
colorDarkRed), colorWhite);
AddColumn(
IIf(
XH1, H1 , L1 ) , "BREAKOUT
LEVEL",
3.2
,colorYellow, IIf(XH1,
colorDarkGreen,
colorDarkRed)
);
//
----------------------------------------------------------------------------------- Arrow signals --- FOR TRADES
----------------------------------------------------------
PlotShapes(Buy*shapeUpArrow,colorBrightGreen
,0,
L
/*
ENTRY_TRAILARRAY */
, -30);
PlotShapes(Sell*shapeDownArrow,colorLightYellow,0,
H
, -30);
_SECTION_END();
_SECTION_BEGIN("Volume
At Price");
PlotVAPOverlay(
Param("Lines",
1000,
100,
1000,
10
),
Param("Width",
15,
1,
100,
1
),
ParamColor("Color",
colorBlueGrey
),
ParamToggle("Side",
"Left|Right",
1
) | 4*ParamToggle("Z-order",
"On
top|Behind",
1
) );
_SECTION_END();