Mastering The Trade

[AstroBoy]

@halcyonguy Hey I was wondering if you can help me with this Watchlist Column indicator I am working on?
Taking a page from John Carter's book Mastering the Trade, this indicator seeks to look back at the previous 21 candles on any time frame to see what is the "Highest of the Low Period (HOLP)" and what is the "Lowest of the High Period (LOHP)"...... If the price closed below HOLP, it signals a sell, and vice-versa if price closes above LOHP it signals a buy...
This indicator works perfectly fine on a chart, however on a watchlist column, it isn't displaying correctly - - I am interested in whether the most recent signal during the trading day was a buy or a sell... But this is only telling me if the current candle is a buy or sell which is not what I want... I hope this makes sense.

input lookback = 21;

def lowBar = low == Lowest(low, lookback);
def HOLP = if lowBar then high else HOLP[1];
def closedAboveHOLP = if lowBar then 0 else if close > HOLP then closedAboveHOLP[1]+1 else closedAboveHOLP[1];
def buy = closedAboveHOLP == 1 and closedAboveHOLP[1] == 0;

def highBar = high == Highest(high, lookback);
def LOHP = if highBar then low else LOHP[1];
def closedBelowLOHP = if highBar then 0 else if close < LOHP then closedBelowLOHP[1]+1 else closedBelowLOHP[1];
def sell = closedBelowLOHP == 1 and closedBelowLOHP[1] == 0;

plot output = if buy then 1 else if sell then -1 else 0;
output.assignvaluecolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);
assignbackgroundcolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);

 

[halcyonguy]

@halcyonguy Hey I was wondering if you can help me with this Watchlist Column indicator I am working on?
Taking a page from John Carter's book Mastering the Trade, this indicator seeks to look back at the previous 21 candles on any time frame to see what is the "Highest of the Low Period (HOLP)" and what is the "Lowest of the High Period (LOHP)"...... If the price closed below HOLP, it signals a sell, and vice-versa if price closes above LOHP it signals a buy...
This indicator works perfectly fine on a chart, however on a watchlist column, it isn't displaying correctly - - I am interested in whether the most recent signal during the trading day was a buy or a sell... But this is only telling me if the current candle is a buy or sell which is not what I want... I hope this makes sense.

input lookback = 21;

def lowBar = low == Lowest(low, lookback);
def HOLP = if lowBar then high else HOLP[1];
def closedAboveHOLP = if lowBar then 0 else if close > HOLP then closedAboveHOLP[1]+1 else closedAboveHOLP[1];
def buy = closedAboveHOLP == 1 and closedAboveHOLP[1] == 0;

def highBar = high == Highest(high, lookback);
def LOHP = if highBar then low else LOHP[1];
def closedBelowLOHP = if highBar then 0 else if close < LOHP then closedBelowLOHP[1]+1 else closedBelowLOHP[1];
def sell = closedBelowLOHP == 1 and closedBelowLOHP[1] == 0;

plot output = if buy then 1 else if sell then -1 else 0;
output.assignvaluecolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);
assignbackgroundcolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);

this is a column study
it shows the number of bars since a signal.
positive numbers for buy , negative numbers for sell.
the cell is colored green or red.

column

link
zholcarter_0a
15min
http://tos.mx/jNrIBiQ

# zholcarter_0a

# hol_loh_carter_col_0a
# hol_loh_carter_lower_0b

# test, lower
# col from upper

#https://usethinkscript.com/threads/mastering-the-trade.12180/
# I am interested in whether the most recent signal during the trading day was a buy or a sell

#declare lower;

def bn = barnumber();
def na = double.nan;

input lookback = 21;

def lowBar = low == Lowest(low, lookback);
def HOLP = if lowBar then high else HOLP[1];
def closedAboveHOLP = if lowBar then 0 else if close > HOLP then closedAboveHOLP[1]+1 else closedAboveHOLP[1];
def buy = closedAboveHOLP == 1 and closedAboveHOLP[1] == 0;

def highBar = high == Highest(high, lookback);
def LOHP = if highBar then low else LOHP[1];
def closedBelowLOHP = if highBar then 0 else if close < LOHP then closedBelowLOHP[1]+1 else closedBelowLOHP[1];
def sell = closedBelowLOHP == 1 and closedBelowLOHP[1] == 0;

def output = if buy then 1 else if sell then -1 else 0;
#output.assignvaluecolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);

#assignbackgroundcolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);


def out2 =
     if bn == 1 then 0
else if buy then 1
else if sell then -1
else if out2[1] > 0 then out2[1] + 1
else if out2[1] < 0 then out2[1] - 1
else 0;

#addlabel(1, out2, (if out2 < 0 then color.red else if out2 > 0 then color.green else color.gray));
plot z = out2;
z.setdefaultcolor(color.black);

assignbackgroundcolor((if out2 < 0 then color.red else if out2 > 0 then color.green else color.gray));
#

column, showing how many bars back to a buy or sell

--------------------------------------

test studies

if a column study is desired, i usually make a lower, to verify the signals match those in the upper study.
then i modify a copy of the lower, and make a column.

upper

# hol_loh_carter_upper

# col from upper

#https://usethinkscript.com/threads/mastering-the-trade.12180/
#Mastering The Trade
# AstroBoy  Start dateToday at 6:08 PM

#@halcyonguy Hey I was wondering if you can help me with this Watchlist Column indicator I am working on?
#Taking a page from John Carter's book Mastering the Trade, this indicator seeks to look back at the previous 21 candles on any time frame to see what is the "Highest of the Low Period (HOLP)" and what is the "Lowest of the High Period (LOHP)"...... If the price closed below HOLP, it signals a sell, and vice-versa if price closes above LOHP it signals a buy...
#This indicator works perfectly fine on a chart, however on a watchlist column, it isn't displaying correctly - - I am interested in whether the most recent signal during the trading day was a buy or a sell... But this is only telling me if the current candle is a buy or sell which is not what I want... I hope this makes sense.

def na = double.nan;
input lookback = 21;

def lowBar = low == Lowest(low, lookback);
def HOLP = if lowBar then high else HOLP[1];
def closedAboveHOLP = if lowBar then 0 else if close > HOLP then closedAboveHOLP[1]+1 else closedAboveHOLP[1];
def buy = closedAboveHOLP == 1 and closedAboveHOLP[1] == 0;

def highBar = high == Highest(high, lookback);
def LOHP = if highBar then low else LOHP[1];
def closedBelowLOHP = if highBar then 0 else if close < LOHP then closedBelowLOHP[1]+1 else closedBelowLOHP[1];
def sell = closedBelowLOHP == 1 and closedBelowLOHP[1] == 0;

#plot output = if buy then 1 else if sell then -1 else 0;
#plot output = if buy then high else if sell then low else MidBodyVal()[6];
#plot output = if buy then high else if sell then low else na;

def fac1 = 0.003;
plot output =
       if buy[-1] then low*(1-fac1)
  else if buy then low[1]*(1-fac1)
  else if sell[-1] then high*(1+fac1)
  else if sell then high[1]*(1+fac1)
  else na;

output.assignvaluecolor(if buy then color.cyan else if sell then color.yellow else color.gray);
#output.assignvaluecolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);
output.setlineweight(3);

#assignbackgroundcolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);
#

lower

# hol_loh_carter_lower_0b

# test, lower
# col from upper

#https://usethinkscript.com/threads/mastering-the-trade.12180/
#Mastering The Trade
# AstroBoy  Start dateToday at 6:08 PM

#@halcyonguy Hey I was wondering if you can help me with this Watchlist Column indicator I am working on?
#Taking a page from John Carter's book Mastering the Trade, this indicator seeks to look back at the previous 21 candles on any time frame to see what is the "Highest of the Low Period (HOLP)" and what is the "Lowest of the High Period (LOHP)"...... If the price closed below HOLP, it signals a sell, and vice-versa if price closes above LOHP it signals a buy...
#This indicator works perfectly fine on a chart, however on a watchlist column, it isn't displaying correctly - - I am interested in whether the most recent signal during the trading day was a buy or a sell... But this is only telling me if the current candle is a buy or sell which is not what I want... I hope this makes sense.

declare lower;

def bn = barnumber();
def na = double.nan;

input lookback = 21;

def lowBar = low == Lowest(low, lookback);
def HOLP = if lowBar then high else HOLP[1];
def closedAboveHOLP = if lowBar then 0 else if close > HOLP then closedAboveHOLP[1]+1 else closedAboveHOLP[1];
def buy = closedAboveHOLP == 1 and closedAboveHOLP[1] == 0;

def highBar = high == Highest(high, lookback);
def LOHP = if highBar then low else LOHP[1];
def closedBelowLOHP = if highBar then 0 else if close < LOHP then closedBelowLOHP[1]+1 else closedBelowLOHP[1];
def sell = closedBelowLOHP == 1 and closedBelowLOHP[1] == 0;

plot output = if buy then 1 else if sell then -1 else 0;
output.assignvaluecolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);

#assignbackgroundcolor(if buy then color.dark_green else if sell then color.dark_red else color.yellow);


def out2 =
     if bn == 1 then 0
else if buy then 1
else if sell then -1
else if out2[1] > 0 then out2[1] + 1
else if out2[1] < 0 then out2[1] - 1
else 0;

addlabel(1, out2, (if out2 < 0 then color.red else if out2 > 0 then color.green else color.gray));
#

 

[AstroBoy]

this is a column study [...]

Thank you so much! This helps a lot with just building out a watchlist, I appreciate your help!