Plotting Reversals with 10 period LookUp indicator

[tobywon]

This code displays a spike and paints a bar whenever the current price crosses the 10-period High or Low. I want it to only show a spike and paint on reversals. Any ideas?



LookCross_10_2_lower

declare lower;

def crossHI = high crosses above highest (high [1], 10);

def UPcross = CrossHI AND sum(CrossHI[1],2)==0;

Alert(UPcross, "Look10 BUY", Alert.BAR, Sound.ring);



def crossLO = low crosses below lowest (low [1],10);

def DNcross = CrossLO AND sum(CrossLO[1],2)==0;

Alert(UPcross, "Look10 SELL", Alert.BAR, Sound.ring);



plot UPspike = if upcross then +1 else 0;

plot DNspike = if dncross then -1 else 0;

AssignPriceColor(if UPcross then Color.green else if DNcross then Color.red else Color.gray);

 

[halcyonguy]

This code displays a spike and paints a bar whenever the current price crosses the 10-period High or Low. I want it to only show a spike and paint on reversals. Any ideas?



LookCross_10_2_lower

declare lower;

def crossHI = high crosses above highest (high [1], 10);

def UPcross = CrossHI AND sum(CrossHI[1],2)==0;

Alert(UPcross, "Look10 BUY", Alert.BAR, Sound.ring);



def crossLO = low crosses below lowest (low [1],10);

def DNcross = CrossLO AND sum(CrossLO[1],2)==0;

Alert(UPcross, "Look10 SELL", Alert.BAR, Sound.ring);



plot UPspike = if upcross then +1 else 0;

plot DNspike = if dncross then -1 else 0;

AssignPriceColor(if UPcross then Color.green else if DNcross then Color.red else Color.gray);

#cross_spike_rev_00

#https://usethinkscript.com/threads/plotting-reversals-with-10-period-lookup-indicator.15769/

declare lower;

# find valley 1 bar after
input up_pr = low;
def revup = (up_pr[1] > up_pr[0] and up_pr[0] < up_pr[-1]);

# find a peak
input dwn_pr = high;
def revdwn = (dwn_pr[1] < dwn_pr[0] and dwn_pr[0] > dwn_pr[-1]);

plot UPspike = if revup then +1 else 0;
plot DNspike = if revdwn then -1 else 0;

AssignPriceColor(if revup then Color.green else if revdwn then Color.red else Color.gray);
#