2 Period ROC with LBR 310 creating DOTS

[HushPuppy]

@BenTen Good day could you assist me in coding this Linda Raschke indicator in TOS:

Indicator: 2 Period ROC with LBR 310 creating DOTS

Indicator Process: The line is the 2 period ROC. The dots are generated as follows - If the slope of the LBR 3/10 slow line, fast line, and the ROC are up, then you get a pink dot at the top of the ROC- If all three slopes are down, you get the blue dot at the bottom of the ROC line

** Note: The LBR 3/10 is Linda's Raschke oscillator. The fast line is just the SMA 3 minus the SMA 10. The slow line is the 16-period average of the fast line.

That should be everything you need to recreate it ! -- Attached is how this indicator should look:

Any help would be greatly appreciated.
Thanks

 

[henry1224]

this plots the LBR Osc

declare lower;

input price = close;

def ROC = if price[2] != 0 then (price / price[2] - 1) * 100 else 0;
plot ZeroLine = 0;
input calculationMode = {default Normal, Alternate};

plot FastLine;
switch (calculationMode) {
case Normal:
    FastLine = Average(price, 3) - Average(price, 10);
case Alternate:
    FastLine = Average(price - Average(price[3], 3), 2);
}
plot SlowLine = Average(FastLine, 16);
Def Con1 = if ROC >= ROC[1] then 1 else if ROC < ROC[1] then -1 else 0;
Def Con2 = If Fastline >= Fastline[1] then 1 else if Fastline < Fastline[1] then -1 else 0;
Def Con3 = If Slowline >= Slowline[1] then 1 else if Slowline < Slowline[1] then -1 else 0;
Plot Dots = If (Con1 + Con2 + Con3) == 3 then Fastline +1 else if (Con1 + Con2 + Con3) == -3 then Fastline -1 else Double.Nan;
Dots.AssignValueColor(if (Con1 + Con2 + Con3) == 3 then Color.Magenta else if (Con1 + Con2 + Con3) == -3 then Color.Cyan else Color.Black);
Dots.SetPaintingStrategy(PaintingStrategy.Points);
Dots.setLineWeight(2);

plot Hist = FastLine;

FastLine.SetDefaultColor(Color.Cyan);
SlowLine.SetDefaultColor(Color.Yellow);
FastLine.SetLineWeight(2);
SlowLine.SetLineWeight(2);
Hist.DefineColor("Positiveup", Color.Green);
Hist.DefineColor("NegativeUp", Color.Light_Red);
Hist.DefineColor("PositiveDown", Color.DarK_Green);
Hist.DefineColor("NegativeDown", Color.Dark_Red);

Hist.AssignValueColor(if Hist >= 0 && Hist >= Hist[1] then Color.Green else if Hist >= 0 && Hist < Hist[1] then Color.Dark_Green else if Hist < 0 && Hist < Hist[1] then Color.Dark_Red else if Hist < 0 && Hist >= Hist[1] then Color.Light_Red else Color.Black);
Hist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Hist.HideTitle();
ZeroLine.SetDefaultColor(Color.Gray);

 

[henry1224]

this plots the ROC

declare lower;

input price = close;

Plot ROC = if price[2] != 0 then (price / price[2] - 1) * 100 else 0;
plot ZeroLine = 0;
input calculationMode = {default Normal, Alternate};

def FastLine;
switch (calculationMode) {
case Normal:
    FastLine = Average(price, 3) - Average(price, 10);
case Alternate:
    FastLine = Average(price - Average(price[3], 3), 2);
}
Def SlowLine = Average(FastLine, 16);
Def Con1 = if ROC >= ROC[1] then 1 else if ROC < ROC[1] then -1 else 0;
Def Con2 = If Fastline >= Fastline[1] then 1 else if Fastline < Fastline[1] then -1 else 0;
Def Con3 = If Slowline >= Slowline[1] then 1 else if Slowline < Slowline[1] then -1 else 0;
Plot Dots = If (Con1 + Con2 + Con3) == 3 then ROC +1 else if (Con1 + Con2 + Con3) == -3 then ROC -1 else Double.Nan;
Dots.AssignValueColor(if (Con1 + Con2 + Con3) == 3 then Color.Magenta else if (Con1 + Con2 + Con3) == -3 then Color.Cyan else Color.Black);
Dots.SetPaintingStrategy(PaintingStrategy.Points);
Dots.setLineWeight(2);

plot Hist = ROC;

ROC.SetDefaultColor(Color.Cyan);

ROC.SetLineWeight(2);


Hist.AssignValueColor(if Hist >= 0 && Hist >= Hist[1] then Color.Green else if Hist >= 0 && Hist < Hist[1] then Color.Dark_Green else if Hist < 0 && Hist < Hist[1] then Color.Dark_Red else if Hist < 0 && Hist >= Hist[1] then Color.Light_Red else Color.Black);
Hist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Hist.HideTitle();
ZeroLine.SetDefaultColor(Color.Gray);

 

[HushPuppy]

@henry1224 Thank you sooo much for your help on these 2 indicators. Is there any way I can have the ROC2 DOTs show on the chart as well when needed? Also what parameter controls how close or far off the candle the Dots sit?

• I tried moving the study up but the DOTS were way off from the candle.
• Then I tried changing the " declare lower " to "declare Upper" but that just made the dots disappear completely. Ahhh - Any help or guidance would be greatly appreciated.

Kind Thanks,
Hush

 

[henry1224]

@henry1224 Thank you sooo much for your help on these 2 indicators. Is there any way I can have the ROC2 DOTs show on the chart as well when needed? Also what parameter controls how close or far off the candle the Dots sit?

• I tried moving the study up but the DOTS were way off from the candle.
• Then I tried changing the " declare lower " to "declare Upper" but that just made the dots disappear completely. Ahhh - Any help or guidance would be greatly appreciated.

Kind Thanks,
Hush

to plot the dots on top of price you first need

declare upper;

input price = close;

def ROC = if price[2] != 0 then (price / price[2] - 1) * 100 else 0;
def ZeroLine = 0;
input calculationMode = {default Normal, Alternate};

def FastLine;
switch (calculationMode) {
case Normal:
    FastLine = Average(price, 3) - Average(price, 10);
case Alternate:
    FastLine = Average(price - Average(price[3], 3), 2);
}
Def SlowLine = Average(FastLine, 16);
Def Con1 = if ROC >= ROC[1] then 1 else if ROC < ROC[1] then -1 else 0;
Def Con2 = If Fastline >= Fastline[1] then 1 else if Fastline < Fastline[1] then -1 else 0;
Def Con3 = If Slowline >= Slowline[1] then 1 else if Slowline < Slowline[1] then -1 else 0;
Plot Dots = If (Con1 + Con2 + Con3) == 3 then High +1 else if (Con1 + Con2 + Con3) == -3 then Low -1 else Double.Nan;
Dots.AssignValueColor(if (Con1 + Con2 + Con3) == 3 then Color.Magenta else if (Con1 + Con2 + Con3) == -3 then Color.Cyan else Color.Black);
Dots.SetPaintingStrategy(PaintingStrategy.Points);
Dots.setLineWeight(2);

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