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Plotting in the Expansion Area

Spaghetti Coder

New member
Hi all,

I'd like to experiment with a few price prediction models, and to do this I need a way to draw a curve that goes from the bar immediately to the right of the current bar to about 20-50 bars in the future in the expansion area.

It's somewhat similar to the plot created by this study, however with the exception that the curve always exists within a predefined number of bars immediately to the right of the last bar, and the line should repaint/update itself as new price information comes in. Another example would be the built-in TTM_LRC study which most likely makes use of the InertiaAll function.

The main problems I'm facing are how can I build an array of results that can then be painted and repainted in an area that is really a pain to draw in?

I'd appreciate any pointers you can offer, thanks!
 
Solution
Hi all,

I'd like to experiment with a few price prediction models, and to do this I need a way to draw a curve that goes from the bar immediately to the right of the current bar to about 20-50 bars in the future in the expansion area.

It's somewhat similar to the plot created by this study, however with the exception that the curve always exists within a predefined number of bars immediately to the right of the last bar, and the line should repaint/update itself as new price information comes in. Another example would be the built-in TTM_LRC study which most likely makes use of the InertiaAll function.

The main problems I'm facing are how can I build an array of results that can then be painted and repainted in an area that...
Hi all,

I'd like to experiment with a few price prediction models, and to do this I need a way to draw a curve that goes from the bar immediately to the right of the current bar to about 20-50 bars in the future in the expansion area.

It's somewhat similar to the plot created by this study, however with the exception that the curve always exists within a predefined number of bars immediately to the right of the last bar, and the line should repaint/update itself as new price information comes in. Another example would be the built-in TTM_LRC study which most likely makes use of the InertiaAll function.

The main problems I'm facing are how can I build an array of results that can then be painted and repainted in an area that is really a pain to draw in?

I'd appreciate any pointers you can offer, thanks!
maybe these examples will help


to draw in the expansion area, define a time period and price levels.
any time period on a chart can be drawn on. even though the expansion area doesn't have bars, there are bar numbers that can be referenced.

this study plots 4 formulas, after the last bar.

pick a number, for the quantity of bars to plot, after the last bar.
input formula_bars = 50;

cnt, counts from 1 to the quantity of bars, formula_bars.
lastcls, holds the value of close from the last bar.


formula_bars = 50 , bars after last bar to plot a formula
cyan , formula1 , sine function
magenta , formula2 , a random number is added to previous value
yellow , formula3 , straight line. a number is added to previous value
green , formula4 , curve. a number x cnt is added to previous value
0gr35ZA.jpg



Ruby:
# formulaafterlastbar_00C

#addlabel(1, "applyformulaafterlastbar_00", color.cyan );


def na = Double.NaN;
def bn = BarNumber();
def lastbar = !IsNaN(close[0]) and IsNaN(close[-1]);
def lastbarbn = if lastbar then bn else lastbarbn[1];

input formula_bars = 50;

# ref signal , close of last bar
def lastcls = if lastbar then close
 else if (bn < lastbarbn or bn > (lastbarbn + formula_bars)) then na
 else lastcls[1];

input plot_horz_line_after = yes;
plot z1 = if plot_horz_line_after then lastcls else na;
z1.SetDefaultColor(Color.GRAY);

def start_count = 1;
# counting numbers for formula , 1 to curve_bars
def cnt = if (bn <= lastbarbn or bn > (lastbarbn + formula_bars)) then na
  else if bn == (lastbarbn + 1) then start_count
  else (cnt[1] + 1);


# ////////////////////////////////////////
#  test formula 1

# https://tlc.thinkorswim.com/center/reference/thinkScript/Functions/Math---Trig/Sin
# start with the sin example
input amplitude_factor = 0.8;
input periodBars = 16;
def angle = 2 * Double.Pi / periodBars;

# replace my formula , with your formula.
#   baseline - equal to the close of the last bar
#   cnt - a counter with valid #'s, only during the desired bar range, 1 to formula_bars
def formula1 = lastcls + (amplitude_factor * Sin(angle * cnt));

plot f1 = formula1;
f1.SetDefaultColor(Color.CYAN);
# f1.SetStyle(Curve.MEDIUM_DASH);
f1.HideBubble();
# ////////////////////////////////////////


# ////////////////////////////////////////
#  test formula 2
# plot a line with a random number added to the previous value
# % range  -1.5% to 1.5% of prev , added to prev
input formula2_per = 1.5;
def rand = ( (2 * formula2_per / 100) * Random()) - (formula2_per / 100);

def start2 = lastcls;
# change the 3rd line of this formula to your formula
def formula2 =  if (bn < lastbarbn or bn > (lastbarbn + formula_bars)) then na
  else if  bn == (lastbarbn + 1) then start2
    else (formula2[1] + (formula2[1] * rand));

plot f2 = formula2;
f2.SetDefaultColor(Color.MAGENTA);
# f2.SetStyle(Curve.MEDIUM_DASH);
f2.HideBubble();
# ////////////////////////////////////////


# ////////////////////////////////////////
#  test formula 3
# plot line that has same slope as the slope between the last 2 bars
def slope = if bn < lastbarbn then na
 else if lastbar then (close - close[1] )
 else slope[1];

def formula3 = if (bn < lastbarbn or bn > (lastbarbn + formula_bars)) then na
  else if  bn == (lastbarbn) then close
    else (formula3[1] + slope);

plot f3 = formula3;
f3.SetDefaultColor(Color.YELLOW);
# f2.SetStyle(Curve.MEDIUM_DASH);
f3.HideBubble();
# ////////////////////////////////////////


# ////////////////////////////////////////
#  test formula 4
# curve
input slopefactor = 0.024;
def formula4 = if (bn < lastbarbn or bn > (lastbarbn + formula_bars)) then na
  else if  bn == (lastbarbn) then close
    else (formula4[1] + (cnt * slope * slopefactor));

plot f4 = formula4;
f4.SetDefaultColor(Color.green);
# f2.SetStyle(Curve.MEDIUM_DASH);
f4.HideBubble();
# ////////////////////////////////////////


# --------------------------------------------

input test2_bn_label = yes;
AddLabel(test2_bn_label, " bar# after last bar " + (lastbarbn + 1), Color.CYAN);
AddLabel(test2_bn_label, "+ formula_bars: " + formula_bars, Color.CYAN);
AddLabel(test2_bn_label, " to " + (lastbarbn + formula_bars), Color.CYAN);

#addchartbubble(1,70,rand, color.cyan, no);

input test1_bn_bubbles = no;
AddChartBubble(test1_bn_bubbles and !IsNaN(cnt), lastcls, bn , Color.CYAN, no);
#
hal_exp extend, expansion, sine, diagonal
 
Last edited:
Solution

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I tried to make this work by projecting the MidLine of the StandardErrorBands into the expansion area; but, failed to properly calculate the slope of the MidLine.

How would you calculate the slope of the MidLine at the previous two candles and then project it into the expansion area?

input price = close;
input linRegLength = 21;
input smLength = 3;

def value = Average(Inertia(price, linRegLength), smLength);

def newValue = if !IsNaN(price)
then value
else newValue[1] + ((newValue[linRegLength] - newValue[1] ) / (1-linRegLength)); # slope

plot MidLine = newValue;

MidLine.SetDefaultColor(GetColor(5));
 
I tried to make this work by projecting the MidLine of the StandardErrorBands into the expansion area; but, failed to properly calculate the slope of the MidLine.

How would you calculate the slope of the MidLine at the previous two candles and then project it into the expansion area?

input price = close;
input linRegLength = 21;
input smLength = 3;

def value = Average(Inertia(price, linRegLength), smLength);

def newValue = if !IsNaN(price)
then value
else newValue[1] + ((newValue[linRegLength] - newValue[1] ) / (1-linRegLength)); # slope

plot MidLine = newValue;

MidLine.SetDefaultColor(GetColor(5));

i'm going to assume your post got moved to here and you haven't looked at my post#2

study my post
look at formula#3 , that part draws a sloped straight line

leave the original code alone

add new code to draw a line after the lastbar.
calc the slope of the signal on the last 2 bars. then add that slope ( a $$ value) to the previous value, over and over, for 50 of bars.



Ruby:
# StandardErrorBands_extend

# StandardErrorBands
# TD Ameritrade IP Company, Inc. (c) 2009-2022
input price = close;
input linRegLength = 21;
input smLength = 3;
input displace = 0;
input Num_Dev_Dn = -2.0;
input Num_Dev_Up = 2.0;

def value = Average(Inertia(price[-displace], linRegLength), smLength);
def error = Average(sterr(price[-displace], linRegLength), smLength);

plot MidLine = value;
plot LowerBand = value + Num_Dev_Dn * error;
plot UpperBand = value + Num_Dev_Up * error;

MidLine.SetDefaultColor(GetColor(5));
UpperBand.SetDefaultColor(GetColor(8));
LowerBand.SetDefaultColor(GetColor(1));

#-----------------------------

def na = Double.NaN;
def bn = BarNumber();
def lastbar = !IsNaN(close[0]) and IsNaN(close[-1]);
def lastbarbn = if lastbar then bn else lastbarbn[1];

input formula_bars = 50;

# ////////////////////////////////////////
#  test formula 3
# plot line that has same slope as the slope between the last 2 bars
def slope = if bn < lastbarbn then na
# else if lastbar then (close - close[1] )
 else if lastbar then (midline - midline[1] )
 else slope[1];

def formula3 = if (bn < lastbarbn or bn > (lastbarbn + formula_bars)) then na
  else if  bn == (lastbarbn) then midline
    else (formula3[1] + slope);

plot f3 = formula3;
f3.SetDefaultColor(Color.YELLOW);
# f2.SetStyle(Curve.MEDIUM_DASH);
f3.HideBubble();
# ////////////////////////////////////////
#
 
This is amazing. Thank you for implementing it with SEB for me, I understand how you did it enough to carry this forward with other indicators. This is awesome! Thank you very much.
 

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