Coding request: close fractal swing indicator | Forex Factory

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Coding request: close fractal swing indicator

  • #1
  • First Post: Edited Dec 28, 2011 12:32am Dec 13, 2011 5:24pm | Edited Dec 28, 2011 12:32am
To be coded:

The idea is to identify when the market has made a new swing within x bars back.

The first close that is higher then the last x closes would signal a turn upwards while the first close lower then the last x closes would signal a turn downwards.

When the first close is higher then the last x bars closes, an up arrow is drawn at the low within the same x bars back.
or
When the first close is lower then the last x bars closes, a down arrow is drawn at the high within the same x bars back.

Arrow appears on close of bar and chart shows at least the last 5 swings/arrows

x counts 32 bars back in picture example

Obviously there needs to be an option to change x.

Hope that makes sence
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  • #2
  • Dec 14, 2011 10:02am Dec 14, 2011 10:02am
5 bars later
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  • #3
  • Dec 14, 2011 10:18pm Dec 14, 2011 10:18pm
Quoting Kas1
To be coded:

The idea is to pinpoint when the market has made a new swing within x bars back.

The first close that is higher then the last x closes would signal a turn upwards while the first close lower then the last x closes would signal a turn downwards.

When the first close is higher then the last x bars, an up arrow is drawn at the low within the same x bars back.
or
When the first close is lower then the last x bars, a down arrow is drawn at the high within the same x bars back.

Arrow appears on close of bar and chart shows...
There is an indicator 'chaos semafor' which does something what you look for. Just do a search FF.
Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4
  • Dec 14, 2011 10:28pm Dec 14, 2011 10:28pm
Quoting emmanuel7788
There is an indicator 'chaos semafor' which does something what you look for. Just do a search FF.
Cheers!
Almost what I'm looking for, thanks
  • #5
  • Dec 19, 2011 3:31am Dec 19, 2011 3:31am
price has not made a new close below the closes of the last 32 bars, upwards swing continues
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  • #6
  • Dec 27, 2011 5:15pm Dec 27, 2011 5:15pm
Quoting Kas1
price has not made a new close below the closes of the last 32 bars, upwards swing continues
price came down but still never closed below the closes of the last 32 bars, price swings up starting at the right vertical line
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  • #7
  • Dec 27, 2011 5:34pm Dec 27, 2011 5:34pm
Quoting Kas1
Almost what I'm looking for, thanks
Is the only issue that it works on Highs and Lows and you want Closes?

It may be easier to modify it for closes than starting over.
  • #8
  • Dec 27, 2011 5:43pm Dec 27, 2011 5:43pm
Quoting cyber1
Is the only issue that it works on Highs and Lows and you want Closes?

It may be easier to modify it for closes than starting over.
What I think you're saying might be worth trying...but no that is not the only difference between what I'm describing and the chaos semafor
  • #9
  • Dec 27, 2011 6:03pm Dec 27, 2011 6:03pm
Quoting Kas1
What I think you're saying might be worth trying...but no that is not the only difference between what I'm describing and the chaos semafor
I know you have posted several charts but I really can't tell from them what it would be.

Could you give more details?
  • #10
  • Dec 27, 2011 6:23pm Dec 27, 2011 6:23pm
Quoting cyber1
I know you have posted several charts but I really can't tell from them what it would be.

Could you give more details?
On the last chart I posted the swing is up, there can never be 2 of the same up arrows in a row. So for it to change to a down swing price needs to close(first close) below the last 32 bars close prices, once that happens a downward arrow would be placed on the high of the last 32bars. This is only an example where x is the last 32 bars, part of the idea is to able to change how many bars back the swings change on.

So on this chart you cannot create an up arrow unless the first close above the last 32 bars closes happens or you cannont create a down arrow unless the first close below the last 32 bars closes happens. The arrows are always drawn at the high or low of the last 32 bars.

This indicator would lag quite a bit when the market is ranging, but i think would be useful for quantifying swings and it wouldn't repaint.

Hope that explains it a little better for you.
  • #11
  • Dec 27, 2011 8:10pm Dec 27, 2011 8:10pm
Quoting Kas1
On the last chart I posted the swing is up, there can never be 2 of the same up arrows in a row. So for it to change to a down swing price needs to close(first close) below the last 32 bars close prices, once that happens a downward arrow would be placed on the high of the last 32bars. This is only an example where x is the last 32 bars, part of the idea is to able to change how many bars back the swings change on.

So on this chart you cannot create an up arrow unless the first close above the last 32 bars closes happens or you cannont create...
Try this. If its all OK except the X's instead of arrows that can be fixed. Are they in the correct position?
Change the Period3 var to changes last X bars.
Attached File(s)
File Type: mq4 Chaos Semafor - 3_Mod32.mq4   13 KB | 830 downloads
  • #12
  • Dec 27, 2011 8:41pm Dec 27, 2011 8:41pm
Quoting cyber1
Try this. If its all OK except the X's instead of arrows that can be fixed. Are they in the correct position?
Change the Period3 var to changes last X bars.
The chaos semafor isn't based on the same thing I'm talking about. Look at this chart, between the vertical lines, price has not closed below the last 32 bars close prices, so the last x at the high shouldn't be marked yet. This indicator is similar but not what I'm looking for, the calculations are different...close though.
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  • #13
  • Dec 27, 2011 9:12pm Dec 27, 2011 9:12pm
here is an illustrated example, xbars=4
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  • #14
  • Apr 1, 2012 5:35am Apr 1, 2012 5:35am
Hi Kas,

I have been looking at this and need some clarification from you so I have posted some charts.

On the first chart I have set up a scenario using a 10 bar window:

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In this second chart I have advanced the window forward and marked a swing that I believe complies with your rules...

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Now on the following chart, I have advanced the window forward again and we have another swing that complies with your rules when viewed from within the window....

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As you can see, within the window, we have a lower close marked with the green dot and the high is the same as the previous swing.

Whilst I believe that both swings satisfy your rules, I do not think that this is what you actually want displayed. Perhaps you could clarify how you would like to deal with this scenario?
  • #15
  • Apr 1, 2012 6:16am Apr 1, 2012 6:16am
Quoting One day!
Hi Kas,

I have been looking at this and need some clarification from you so I have posted some charts.

On the first chart I have set up a scenario using a 10 bar window:

Attachment

In this second chart I have advanced the window forward and marked a swing that I believe complies with your rules...

Attachment

Now on the following chart, I have advanced the window forward again and we have another swing that complies with your rules when viewed from within the window....

Attachment

As you can see, within...
I only want to mark the high/low points within x bars back. So when a bar makes the first close above or below the previous x bars, then the high/low point in those bars back should be marked. I'm not concerned with marking the actual first close of the bar above/below the last x bars on the swing. Hope that clears it up.
  • #16
  • Apr 1, 2012 6:34am Apr 1, 2012 6:34am
Here is a picture of how it should look starting at the dotted vertical line. I used 16 bars back. The x's mark where the first close below the last 16 bar closes was and the arrows mark the high/low points of the swings. So for every x on the chart there is an arrow that relates to it just before it. Once a new x is made, the arrow can be drawn. The x is not to be displayed, only drew them in for the example.

It might lag a bit sometimes but the arrows won't repaint
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  • #17
  • Apr 2, 2012 11:41am Apr 2, 2012 11:41am
Quoting Kas1
Here is a picture of how it should look starting at the dotted vertical line. I used 16 bars back. The x's mark where the first close below the last 16 bar closes was and the arrows mark the high/low points of the swings. So for every x on the chart there is an arrow that relates to it just before it. Once a new x is made, the arrow can be drawn. The x is not to be displayed, only drew them in for the example.

It might lag a bit sometimes but the arrows won't repaint
@One day!

If you could make an option to display the x's on the last chart I posted that would be great (true or false box)
  • #18
  • Apr 2, 2012 3:46pm Apr 2, 2012 3:46pm
Quoting Kas1
@One day!

If you could make an option to display the x's on the last chart I posted that would be great (true or false box)
I'll add that to the to-do list.
  • #19
  • Apr 2, 2012 8:26pm Apr 2, 2012 8:26pm
Kas1,

I believe this is what you are looking for:

http://www.forexfactory.com/showthre...al#post5315862
Good judgement comes from experience. Experience comes from bad judgement.
  • #20
  • Apr 2, 2012 8:57pm Apr 2, 2012 8:57pm
Quoting One day!
I'll add that to the to-do list.
Awesome, thanks

Quoting Reactor
Kas1,

I believe this is what you are looking for:

http://www.forexfactory.com/showthre...al#post5315862
Not quite, thanks for trying. I don't think my idea has been done around here exactly the way I've described.
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