Looking for scan for close crosses retracement4 (61.8%) in upward or downward trend.
the following does not produce good result:
Thanks,
the following does not produce good result:
Code:
declare lower;
input price = close;
input high = high;
input low = low;
input coefficient_0 = 0.000;
input coefficient_1 = .236;
input Coefficient_2 = .382;
input Coefficient_3 = .500;
input Coefficient_4 = .618;
input Coefficient_5 = .786;
input Coefficient_6 = 1.000;
input LabelColor = {default "MAGENTA", "CYAN", "PINK", "LIGHT_GRAY", "ORANGE", "RED", "GREEN", "GRAY", "WHITE"};
input n = 3;
def n1 = n + 1;
def a = HighestAll(high);
def b = LowestAll(low);
def barnumber = BarNumber();
def c = if high == a then barnumber else Double.NaN;
def d = if low == b then barnumber else Double.NaN;
rec highnumber = CompoundValue(1, if IsNaN(c) then highnumber[1] else c, c);
def highnumberall = HighestAll(highnumber);
rec lownumber = CompoundValue(1, if IsNaN(d) then lownumber[1] else d, d);
def lownumberall = LowestAll(lownumber);
def upward = highnumberall > lownumberall;
def downward = highnumberall < lownumberall;
def x = AbsValue(lownumberall - highnumberall );
def slope = (a - b) / x;
def slopelow = (b - a) / x;
def day = GetDay();
def month = GetMonth();
def year = GetYear();
def lastDay = GetLastDay();
def lastmonth = GetLastMonth();
def lastyear = GetLastYear();
def isToday = If(day == lastDay and month == lastmonth and year == lastyear, 1, 0);
def istodaybarnumber = HighestAll(if isToday then barnumber else Double.NaN);
def line = b + (slope * (barnumber - lownumber));
def linelow = a + (slopelow * (barnumber - highnumber));
def currentlinelow = if barnumber <= lownumberall then linelow else Double.NaN;
def currentline = if barnumber <= highnumberall then line else Double.NaN;
def FibFan = if downward then currentlinelow else if upward then currentline else Double.NaN;
def range = a - b;
def value0 = range * coefficient_0;
def value1 = range * coefficient_1;
def value2 = range * Coefficient_2;
def value3 = range * Coefficient_3;
def value4 = range * Coefficient_4;
def value5 = range * Coefficient_5;
def value6 = range * Coefficient_6;
def condition1 = downward and barnumber >= highnumberall;
def condition2 = upward and barnumber >= lownumberall;
def Retracement0 = if condition1 then HighestAll(b + value0) else if condition2 then HighestAll(a - value0) else Double.NaN;
def Retracement4 = if condition1 then HighestAll(b + value4) else if condition2 then HighestAll(a - value4) else Double.NaN;
plot z= if upward and (close[1]<retracement4 and close>Retracement4 ) is true then 1 else 0;
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