indicator for microchannel

[offshore]

Hey the forum has been great so far, a lot of cool indicators.... I was searching for an intraday 5 minute bar numbering indicator but couldnt seem to find one...does it exist?

 

[offshore]

I have 2 studies that are basically the same but the variables within the studies are changed. Essentially the first study is painting every bar orange that is greater than 1x the average range of the last 10 bars, while the other is painting bars yellow that are greater than 1.5x the average range of the last 10 bars. I cant run them together because any bar qualifying as 1.5x will just be painted orange by default. Im wondering if I can combine them to have both orange and yellow paint bars that meet the criteria on my chart as well as bars over 2.0x average of last 10 bars to be painted as well. Sleepyz helped me greatly on the initial code.

plot Data = close;def Bull =
close > open and
open - low > high - open;
def Bear =
close < open and
high - open > open - low
;
#assignPriceColor(
# if Bull then Color.dark_green
# else if Bear then Color.dark_red
# else Color.Current
#);

input factor = 1;#Hint factor: limited to 1.49
input length = 10;
def cond = (high - low) > Average((high - low), length) * min(factor, 1.49);

input usepricecolor = yes;
AssignPriceColor(if !usepricecolor
then Color.CURRENT else
if cond then Color.orange
else if Bull then Color.DARK_GREEN
else if Bear then Color.DARK_RED
else Color.CURRENT);

input test = yes;
AddChartBubble(test, low * .9994, "C " + cond + "\nHL " + (high - low) + "\nA " + (Average((high - low), length) * Min(factor, 1)) + "\nF " + Min(factor, 1), if cond then Color.orange
else Color.GRAY, no);

 

[SleepyZ]

I have 2 studies that are basically the same but the variables within the studies are changed. Essentially the first study is painting every bar orange that is greater than 1x the average range of the last 10 bars, while the other is painting bars yellow that are greater than 1.5x the average range of the last 10 bars. I cant run them together because any bar qualifying as 1.5x will just be painted orange by default. Im wondering if I can combine them to have both orange and yellow paint bars that meet the criteria on my chart as well as bars over 2.0x average of last 10 bars to be painted as well. Sleepyz helped me greatly on the initial code.

plot Data = close;def Bull =
close > open and
open - low > high - open;
def Bear =
close < open and
high - open > open - low
;
#assignPriceColor(
# if Bull then Color.dark_green
# else if Bear then Color.dark_red
# else Color.Current
#);

input factor = 1;#Hint factor: limited to 1.49
input length = 10;
def cond = (high - low) > Average((high - low), length) * min(factor, 1.49);

input usepricecolor = yes;
AssignPriceColor(if !usepricecolor
then Color.CURRENT else
if cond then Color.orange
else if Bull then Color.DARK_GREEN
else if Bear then Color.DARK_RED
else Color.CURRENT);

input test = yes;
AddChartBubble(test, low * .9994, "C " + cond + "\nHL " + (high - low) + "\nA " + (Average((high - low), length) * Min(factor, 1)) + "\nF " + Min(factor, 1), if cond then Color.orange
else Color.GRAY, no);

This will paint each candle in this hierarchy:
cond3, if true, first, even if cond 2 and cond1 were true;
cond2 next, if not cond3 being true;
and cond1 if not cond3 or cond2 being true

I made cond3 be white, cond2 be yellow and cond1 be magenta so that you could better see them when testing. Change them to whatever you want thereafter.

def Bull =
close > open and
open - low > high - open;
def Bear =
close < open and
high - open > open - low
;
#assignPriceColor(
# if Bull then Color.dark_green
# else if Bear then Color.dark_red
# else Color.Current
#);

input factor = 1;#Hint factor: limited to 1.49
input length = 10;
def cond1 = (high - low) > Average((high - low), length) * 1;
def cond2 = (high - low) > Average((high - low), length) * 1.5;
def cond3 = (high - low) > Average((high - low), length) * 2;

input usepricecolor = yes;
AssignPriceColor(if !usepricecolor
then Color.CURRENT else
if cond3 then Color.WHITE
else if cond2 then Color.YELLOW
else if cond1 then Color.MAGENTA
else if Bull then Color.DARK_GREEN
else if Bear then Color.DARK_RED
else Color.CURRENT);

input test = no;
AddChartBubble(test, low * .9994, "C 3: " + cond3 + "\n 2: " + cond2 + "\n 1: " + cond1 + "\nHL " + (high - low) + "\nA " + (Average((high - low), length) * Min(factor, 1)) + "\nF " + Min(factor, 1), if cond3 then color.white else if cond2 then color.yellow else if cond1 then color.magenta else Color.GRAY, no);

 

[offshore]

Incredible Sleepy... looks great. thanks so much

 

[offshore]

Try these, the top one follows what you said. If that's not what you actually meant, try the bottom one.

def Bull =
    Close > Open and
    Open - Low > Close - Open;
def Bear =
    Close < Open and
    High - Open > Open - Close
;
assignPriceColor(
    if Bull then Color.Dark_Green
    else if Bear then Color.Plum
    else Color.Current
);

def Bull =
    Close > Open and
    Open - Low > High - Open;
def Bear =
    Close < Open and
    High - Open > Open - Low
;
assignPriceColor(
    if Bull then Color.Dark_Green
    else if Bear then Color.Plum
    else Color.Current
);

Hey @Joshua Im looking to add a wrinkle to this code you provided me a while back. Basically I want to paint every bull bar closing below its midpoint as a bear bar and every bear bar closing above its midpoint as a bull bar. Thanks so much

 

[Joshua]

A close above the midpoint is just Close > HL2, and Close < HL2 for below.

 

[offshore]

Is there an easy way to add the indicator into this study I already use with bar painting?

plot Data = close;def Bull =
close > open and
open - low > high - open;
def Bear =
close < open and
high - open > open - low
;
#assignPriceColor(
# if Bull then Color.dark_green
# else if Bear then Color.dark_red
# else Color.Current
#);

input factor = 1;#Hint factor: limited to 1.49
input length = 10;
def cond1 = (high - low) > Average((high - low), length) * 1.2;
def cond2 = (high - low) > Average((high - low), length) * 1.7;
def cond3 = (high - low) > Average((high - low), length) * 2;

input usepricecolor = yes;
AssignPriceColor(if !usepricecolor
then Color.CURRENT else
if cond3 then Color.violet
else if cond2 then Color.orange
else if cond1 then Color.orange
else if Bull then Color.DARK_green
else if Bear then Color.DARK_red
else Color.CURRENT);

input test = no;
AddChartBubble(test, low * .9994, "C 3: " + cond3 + "\n 2: " + cond2 + "\n 1: " + cond1 + "\nHL " + (high - low) + "\nA " + (Average((high - low), length) * Min(factor, 1)) + "\nF " + Min(factor, 1), if cond3 then color.white else if cond2 then color.yellow else if cond1 then color.magenta else Color.GRAY, no);



And then add this to it

plot Data = close;def Bull =
Close > Open and
close < HL2;
def Bear =
Close < Open and
close > HL2
;
assignPriceColor(
if Bull then Color.light_red
else if Bear then Color.light_green
else Color.Current
);

Thanks

 

[Joshua]

Its a bit late where I am at, and I don't quite understand what you're asking, there is too much going on. I am not sure what to replace, combine, etc. From the look of it, the solution should be fairly easy, but only if I understand the question. It might be best to just describe the situation clearly in plain English and let me write it from scratch.

 

[offshore]

Hey sorry about that. Basically both studies have bar painting in them so I cant run them at the same time. I wanted to incorporate the 2nd study I posted into the first study so all the bars I want to get painted are painted. The first study paints bars that 1.2x 1.7x and 2x the AVG of the last 10 bars as well as bear and bull bars with tails bigger than their bodies. The 2nd study is the one you helped me in this thread which paints bear bars closing above their midpoints and bull bars that close below midpoints.

So essentially having one study that paints all the bars that fir the criteria i mentioned would be ideal. Thanks so much

 

[offshore]

I was also messing around with this condition to add to the existing list of conditions but it doesnt seem to work

def cond1 = (high - low) < Average((high - low), length) * 0.1-.8;