High and Low Reversals Indicator + Intraday Strategy For ThinkOrSwim

[john3]

@BenTen Thank you, makes sense now.

 

[mc01439]

How would (HLRI) be coded to use Globex hours instead of RTH?

 

[BenTen]

@mc01439 Do you mean using the indicator with pre-market data on or off?

 

[mc01439]

@BenTen

Yes, I trade mostly CL and would like the indicator to work from Asia open.

 

[mc01439]

Am often late when using RTH with high volume futures.

 

[mc01439]

input RangeStart = {default Globex, RTH};

def First; switch (RangeStart) {case Globex: First = if GetTime() >= RegularTradingEnd(GetYYYYMMDD()) then 1 else 0; case RTH: First = if GetTime() >= RegularTradingStart(GetYYYYMMDD()) then 1 else 0;}

Tried this but I do not get down signals and the lines do not look correct?

This one did not work at all.

#def First; switch (RangeStart) {case Globex: First = if GetTime() >= RegularTradingEnd(GetYYYYMMDD()) and getTime() <= RegularTradingEnd(getYYYYMMDD()) then 1 else 0; case RTH: First = if GetTime() >= RegularTradingStart(GetYYYYMMDD()) and getTime() <= RegularTradingEnd(getYYYYMMDD()) then 1 else 0;}

 

[mc01439]

This one did not work at all.

#def First; switch (RangeStart) {case Globex: First = if GetTime() >= RegularTradingEnd(GetYYYYMMDD()) and getTime() <= RegularTradingEnd(getYYYYMMDD()) then 1 else 0; case RTH: First = if GetTime() >= RegularTradingStart(GetYYYYMMDD()) and getTime() <= RegularTradingEnd(getYYYYMMDD()) then 1 else 0;}

 

[john3]

@mc01439 I also would like to know that, but I would assume the same way only using Globex's range.

 

[mc01439]

This with

def First; switch (RangeStart) {case Globex: First = if GetTime() >= RegularTradingEnd(GetYYYYMMDD()) then 1 else 0; case RTH: First = if GetTime() >= RegularTradingStart(GetYYYYMMDD()) then 1 else 0;}

The Globex lines (mark with red circle) do not look correct?

 

[john3]

@mc01439 What is the study that plots those red/green horizontal levels? Would you please share it?

 

[mc01439]

Can be found here - it is "Support Resistance by Mobius".

 

[BenTen]

@mc01439 Your link led to a Microsoft login page. I went ahead and posted the direct code below for @john3

# Mobius
# Mobius on My Trade
# Support / Resistance           
# V01.06.2012 V02.08.2013
# Added lower bar for clouds, Volume condition for plot and Vertical line for time.

input n = 13;
input ShowLines = yes;
input PlotTime = 1215; #hint PlotTime: Enter Bars End to plot Bars Start 0 for none.

def h = high;
def l = low;
def v = volume;
def Firstbar = barNumber();
def Highest = fold i = 1 to n + 1 
with p = 1
while p 
do h > getValue(h,-i);

def HVn = if V == Highest(v, n) 
then l 
else Double.NaN;

def A = if (Firstbar > n 
and h == highest(h, n) 
and Highest) 
and HVn
then h 
else double.NaN;
def Alow = if (Firstbar > n
and h == highest(h, n)
and Highest)
and HVn
then l
else double.nan;
def Lowest = fold j = 1 to n + 1 
with q = 1
while q 
do l < getValue(l, -j);
def B = if (Firstbar > n 
and l == lowest(l, n) 
and Lowest)
and HVn 
then l 
else double.NaN;
def Bhigh = if (Firstbar > n
and l == lowest(l, n)
and Lowest)
and HVn
then h
else double.nan;
def Al = if !isNaN(A) 
then A 
else Al[1];
def A2 = if !isNaN(Alow)
then Alow
else A2[1];
def Bl = if !isNaN(B) 
then B 
else Bl[1];
def B2 = if !isNaN(Bhigh)
then Bhigh
else B2[1];

plot ph = Round(A, 2);
ph.setPaintingStrategy(PaintingStrategy.VALUES_ABOVE);

plot hL = if Al > 0
then Al
else double.NaN;
hL.setHiding(!showLines);
hL.SetPaintingStrategy(PaintingStrategy.Dashes);
hL.SetDefaultColor(Color.Yellow);
plot hL2 = if A2 > 0
then A2
else double.nan;
hL2.setHiding(!showLines);
hL2.SetPaintingStrategy(PaintingStrategy.Dashes);
hL2.SetDefaultColor(Color.Yellow);
AddCloud(hL, hL2, Color.Light_Red, Color.Light_Red);

plot pl = Round(B, 2);
pl.setPaintingStrategy(PaintingStrategy.VALUES_BELOW);

plot ll = if Bl > 0 
then Bl 
else double.NaN;
ll.setHiding(!showLines);
ll.SetPaintingStrategy(PaintingStrategy.Dashes);
ll.SetDefaultColor(Color.Blue);
plot lH = if B2 > 0
then B2
else Double.NaN;
lH.setHiding(!showLines);
lH.SetPaintingStrategy(PaintingStrategy.Dashes);
lH.SetDefaultColor(Color.Blue);
AddCloud(ll, lH, Color.Light_Green, Color.Light_Green);

# Time Markers
AddVerticalLine(SecondsTillTime(PlotTime) == 0, "", Color.Red, Curve.Short_Dash);

plot priceLine = highestAll(if isNaN(close[-1]) 
and !isNAN(close) 
then close 
else Double.NaN);
priceLine.SetStyle(Curve.Long_Dash);
priceLine.SetDefaultColor(CreateColor(75,75,75));
priceLine.SetLineWeight(1);
# End Code

 

[mc01439]

Found the answer on TOS chat - #5/2/2019 mbh - Changed for Asia and Europe use.



def active = secondsfromtime(1800) >= 0 or secondstilltime(400)>=0;

 

[john3]

@mc01439 Awesome, thank you very much!

 

[john3]

@BenTen Would you please elaborate a little in plain English on how the Mobius' support/resistance works? What does it use to figure out the levels? Thank you.

 

[mc01439]

@john3 - I USE TO REPLACE FRACALS AS SUPPORT/RESISTANCE ZONES FOR A CLEANER CHART. YOU CAN ADJUST THE SENSITIVITY BY CHANGING input n = 8; #13. I USE 8 DEFAULT IS 13. YOU CHANGE TO FIT INSTRUMENT, STYLE AND CONDITIONS IF YOU WISH, I KEEP AT 8 FOR ALL CHARTS AND INSTRUMENTS.

THERE ARE A NUMBER OF WAYS IT CAN BE USED – UP TO THE TRADER.

IT IS BASICLY LOOKING FOR HIGHS AND LOWS WERE THERE MAY BE SUPPORT AND RESISTANCE. PLAY WITH INPUT N AND THAT WILL GIVE YOU A GOOD IDEA OF HOW IT WORKS.

 

[mc01439]

@john3 - I USE TO REPLACE FRACALS AS SUPPORT/RESISTANCE ZONES FOR A CLEANER CHART. THE INDICATOR IS MARKING THE HIGH AND LOW OF THE FRACTAL (PIVOT) BAR. YOU CAN ADJUST THE SENSITIVITY BY CHANGING input n = 8; #13. I USE 8 DEFAULT IS 13. YOU CHANGE TO FIT INSTRUMENT, STYLE AND CONDITIONS IF YOU WISH, I KEEP AT 8 FOR ALL CHARTS AND INSTRUMENTS.



THERE ARE A NUMBER OF WAYS IT CAN BE USED – UP TO THE TRADER.

IT IS BASICLY LOOKING FOR HIGHS AND LOWS WERE THERE MAY BE SUPPORT AND RESISTANCE. PLAY WITH INPUT N AND THAT WILL GIVE YOU A GOOD IDEA OF HOW IT WORKS.

 

[BenTen]

@john3 When it comes to Support and Resistance, I would much prefer to draw them manually since any indicators would miss out on a lot of important S/R areas.

 

[thinky]

This code for the S&R study is generating vertical red dotted lines and nothing like what mc01439 showed in screenshot.

@mc01439 Your link led to a Microsoft login page. I went ahead and posted the direct code below for @john3

# Mobius
# Mobius on My Trade
# Support / Resistance          
# V01.06.2012 V02.08.2013
# Added lower bar for clouds, Volume condition for plot and Vertical line for time.

input n = 13;
input ShowLines = yes;
input PlotTime = 1215; #hint PlotTime: Enter Bars End to plot Bars Start 0 for none.

def h = high;
def l = low;
def v = volume;
def Firstbar = barNumber();
def Highest = fold i = 1 to n + 1
with p = 1
while p
do h > getValue(h,-i);

def HVn = if V == Highest(v, n)
then l
else Double.NaN;

def A = if (Firstbar > n
and h == highest(h, n)
and Highest)
and HVn
then h
else double.NaN;
def Alow = if (Firstbar > n
and h == highest(h, n)
and Highest)
and HVn
then l
else double.nan;
def Lowest = fold j = 1 to n + 1
with q = 1
while q
do l < getValue(l, -j);
def B = if (Firstbar > n
and l == lowest(l, n)
and Lowest)
and HVn
then l
else double.NaN;
def Bhigh = if (Firstbar > n
and l == lowest(l, n)
and Lowest)
and HVn
then h
else double.nan;
def Al = if !isNaN(A)
then A
else Al[1];
def A2 = if !isNaN(Alow)
then Alow
else A2[1];
def Bl = if !isNaN(B)
then B
else Bl[1];
def B2 = if !isNaN(Bhigh)
then Bhigh
else B2[1];

plot ph = Round(A, 2);
ph.setPaintingStrategy(PaintingStrategy.VALUES_ABOVE);

plot hL = if Al > 0
then Al
else double.NaN;
hL.setHiding(!showLines);
hL.SetPaintingStrategy(PaintingStrategy.Dashes);
hL.SetDefaultColor(Color.Yellow);
plot hL2 = if A2 > 0
then A2
else double.nan;
hL2.setHiding(!showLines);
hL2.SetPaintingStrategy(PaintingStrategy.Dashes);
hL2.SetDefaultColor(Color.Yellow);
AddCloud(hL, hL2, Color.Light_Red, Color.Light_Red);

plot pl = Round(B, 2);
pl.setPaintingStrategy(PaintingStrategy.VALUES_BELOW);

plot ll = if Bl > 0
then Bl
else double.NaN;
ll.setHiding(!showLines);
ll.SetPaintingStrategy(PaintingStrategy.Dashes);
ll.SetDefaultColor(Color.Blue);
plot lH = if B2 > 0
then B2
else Double.NaN;
lH.setHiding(!showLines);
lH.SetPaintingStrategy(PaintingStrategy.Dashes);
lH.SetDefaultColor(Color.Blue);
AddCloud(ll, lH, Color.Light_Green, Color.Light_Green);

# Time Markers
AddVerticalLine(SecondsTillTime(PlotTime) == 0, "", Color.Red, Curve.Short_Dash);

plot priceLine = highestAll(if isNaN(close[-1])
and !isNAN(close)
then close
else Double.NaN);
priceLine.SetStyle(Curve.Long_Dash);
priceLine.SetDefaultColor(CreateColor(75,75,75));
priceLine.SetLineWeight(1);
# End Code

 

[drsung]

Is anyone still using this indicator? I loaded it and looked at it on a few tickers today and it looks pretty promising.