I am afraid I do not understand some parts of your post.
First : S2 is always less than R2 (it is the way it is calculated, so it can not be greater than R2)
Second : could you please explain how should the value of the line be calculated?
Let me have this function to this indicator.
There are 8 values in this indicator.
When comparing ∣R2∣ with ∣S2∣, it sometimes has an equal value, but almost has a different value.
So I want this way to display historical data.
First, comparing absolute value of R2 with absolute value of S2.
Second, when absolute value of R2 is bigger than absolute value of S2, and pivot value > 0 then line v8 will have blue color.
and , when absolute value of R2 is smaller than absolute value of S2, and pivot value < 0 then line v8 will have red color.
Finally, I want an alert function to alarm when line v8 change color.(when changed red to blue or changed blue to red)
After this work, line v8 will be likely to this indicator - "Hull variation" on attached picture below, and actually not on chart, but on pivot osc indicator at sub_window.
This picture just illustrates that "Hull variation" has 2 colors.
Would it be possible to have a threshold pip variable in this indicator that is triggered once price comes within the predefined range around the trendline? It would also be great if the alarm message says for which timeframe chart, not just symbol, alarm applies.
And if the whole thing is made to work on an offline chart, even better!
Not sure this is really an Advanced Elite issue, though
Have a great day,
this is my answer.
Of course, R2 is always > 0 while S2 is < 0. However we compare absolute values of R2 and S2 for calculation. The following is additional explanation about V8 line.
Currently, V8 line is pale violet red in indicator. Sometimes R2 becomes bigger than S2 in absolute value. This is when we change V8 line to blue.
Also, S2 is bigger than R2 in absolute value, which is when we change V8 line to red.
We need ‘alert’ function that notifies us when the color is change to either blue or red.
In picture 2, R2 is 0.73259, S2 is -0.60074 and pivot is 0.06593.
R2 has the same absolute value compared to its original one, which is 0.73259. However S2 becomes 0.60074 in absolute value.
R2 is bigger than S2 in absolute value. We don’t have to convert the pivot value into absolute term, but only check whether it is above or below 0.
If R2 is bigger than S2 in absolute term with pivot value below 0, we indicate V8 line red.
If we look at the chart in long-term, there are cases when R2 becomes bigger than S2 and vice versa. We can follow the procedure list above to change the color of V8 line.
very clear chart. Can you post the template with indicators?
Nodp53 kindly request this template and so I'm publishing here for anybody might like it...
In the zip file you'll find all the necessary to replicate my template; few notes:
As this is part of the advanced elite section, will be really appreciated if you guys do not share with all the world this stuff... Thank you for your cooperation!!
If any doubt or questions feel free to drop me a line
Thank you very much for your help. Should it be possible to post this one ? its orange at the picture at the upper left corner.
thank you in advance.
Its already in the template: tradeslog v1.5. Just enable money management (MM)
Where the hell is Adaptive intraday breakout 2_alerts+mtf indicator hidden? And IMHO blog should have a download link, or just any link that leads to the page it was posted.
That indicator is called TradesLog v1.5 and it's already included in the zip file of my template; it has several modality of visualization activated by external input.
all the other parameters to choose the position where you want visualize the information on the chart (you may choose also sub windows); the trade log box and the balance box have separate control for maximum flexibility.
The indicator is here
To get to the links to find stuff posted in Advanced Elite from here "Requests & ideas"thread click on "Advanced Elite" next to it, and on the first thread is where you find the links to download.
ps) what i was talking about is right above the Thread title you have this
" Home > Forum > Exclusive Forum > Advanced Elite > Requests & Ideas"
just click on Advanced Elite
Thank you very much for your detailed explanation.