Redundant Signals

S

stock_wiz

New member
Hello fellow coders. I am working on a script to alert a sell but am trying to get rid of the redundant "sell" signals that follow.

I have my conditions met to give me a "buy" signal, and my conditions met to give a "sell" signal. However, the issue is that when a sell signal is thrown, there are sometimes 2 or 3 more "sell" signals that follow. I am trying to code out the "sell" signals that follow the first. I am trying to figure out a way to only have one entry and one exit point plotted on my chart. I know i need it to be a conditional "If" statement, just unsure of the syntax that is involved. Essentially, when a condition to buy or sell is met, i want the script to look back to ensure that the same signal has not already been thrown as the last signal. For example, if the "sell" condition is met, but the last signal is also a "sell" signal, it would return false to avoid a redundant trip. If the last signal was a "buy" signal, the return would be true and would throw a "sell" signal. Script Below

input Length = 20;
input Price = close;
input displace = 0;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.EXPONENTIAL;

def EMA = MovAvgExponential("length" = 200);
def sDev = StDev(data = Price[-displace], length = Length);
def Buy = Price crosses above EMA within 1 bar;
def BBUpper = BollingerBands("length" = Length)."Upper_Band";
def Sell = close crosses below BBUpper within 1 bar;

plot BUYSIGNAL = Buy;
BUYSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BUYSIGNAL.SetDefaultColor(Color.GREEN);
BUYSIGNAL.SetLineWeight(5);

plot SELLSIGNAL = Sell;
SELLSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
SELLSIGNAL.SetDefaultColor(Color.RED);
SELLSIGNAL.SetLineWeight(5);

plot MidLine = MovingAverage(averageType, data = Price[-displace], length = Length);
MidLine.SetDefaultColor(GetColor(1));
plot LowerBand = MidLine + Num_Dev_Dn * sDev;
LowerBand.SetDefaultColor(GetColor(0));
plot UpperBand = MidLine + Num_Dev_up * sDev;
UpperBand.SetDefaultColor(GetColor(5));


I feel like I am overthinking this which is why i am unable to get the code to work.

Thanks for the help.
Corey
 
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@stock_wiz change your Buy/Sell definitions and BuySignal/SellSignal plots to this.
The IF/THEN/ELSE statement carries both signals and alternates them, the plots only show when the signals change.
Ruby: 
def Buy;
def Sell;

if Price crosses above EMA within 1 bar {
Buy = 1;
Sell = 0;
}else if close crosses below BBUpper within 1 bar {
Buy = 0;
Sell = 1;
}else{
Buy = Buy[1];
Sell = Sell[1];}

plot BUYSIGNAL = If Sell[1] and Buy then Buy else Double.NaN;
BUYSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BUYSIGNAL.SetDefaultColor(Color.GREEN);
BUYSIGNAL.SetLineWeight(5);

plot SELLSIGNAL = If Buy[1] and Sell then Sell else Double.NaN;
SELLSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
SELLSIGNAL.SetDefaultColor(Color.RED);
SELLSIGNAL.SetLineWeight(5);
 
Upvote 0 Downvote
Svanoy said:
@stock_wiz change your Buy/Sell definitions and BuySignal/SellSignal plots to this.
The IF/THEN/ELSE statement carries both signals and alternates them, the plots only show when the signals change.
Ruby: 
def Buy;
def Sell;

if Price crosses above EMA within 1 bar {
Buy = 1;
Sell = 0;
}else if close crosses below BBUpper within 1 bar {
Buy = 0;
Sell = 1;
}else{
Buy = Buy[1];
Sell = Sell[1];}

plot BUYSIGNAL = If Sell[1] and Buy then Buy else Double.NaN;
BUYSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BUYSIGNAL.SetDefaultColor(Color.GREEN);
BUYSIGNAL.SetLineWeight(5);

plot SELLSIGNAL = If Buy[1] and Sell then Sell else Double.NaN;
SELLSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
SELLSIGNAL.SetDefaultColor(Color.RED);
SELLSIGNAL.SetLineWeight(5);
Click to expand...
as I read your answer and notice your experience as I do so that only the last buy and sel are present and the previous bubbles disappear in order to keep my chart clean, thank you very much and forgive my ignorance and sorry my English
 
Upvote 0 Downvote
@ChristianS
In the case of the OP's code, the following alternates the buy/sell signal, records the bar number of the buy/sell signal, references the bar number of the last buy/sell signal at each bar on the chart and only displays the signal at signal change and if it is the last buy/sell signal.
Ruby: 
def Buy;
def Sell;

if Price crosses above EMA within 1 bar {
Buy = 1;
Sell = 0;
}else if close crosses below BBUpper within 1 bar {
Buy = 0;
Sell = 1;
}else{
Buy = Buy[1];
Sell = Sell[1];}

def VBar = if !IsNaN(close) and BarNumber()>0 then BarNumber() else VBar[1];
###################################################################
#Do not remove#                                                   #
def VBarT = if IsNaN(close[-1000]) then VBar[-1000] else VBart[1];#
###################################################################

def BuySignalBN = If Sell[1] and Buy then VBar else BuySignalBN[1];
def SellSignalBN = If Buy[1] and Sell then VBar else SellSignalBN[1];

def LastBuySignalBN = fold c = 0 to VBar while !IsNaN(GetValue(close, -c)) do GetValue(BuySignalBN, -c);
def LastSellSignalBN = fold d = 0 to VBar while !IsNaN(GetValue(close, -d)) do GetValue(SellSignalBN, -d);

plot BUYSIGNAL = If Sell[1] and Buy and BuySignalBN == LastBuySignalBN then Buy else Double.NaN;
BUYSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
BUYSIGNAL.SetDefaultColor(Color.GREEN);
BUYSIGNAL.SetLineWeight(5);

plot SELLSIGNAL = If Buy[1] and Sell and SellSignalBN == LastSellSignalBN then Sell else Double.NaN;
SELLSIGNAL.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
SELLSIGNAL.SetDefaultColor(Color.RED);
SELLSIGNAL.SetLineWeight(5);
 
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Was having a similar issue tonight; I am looking to only get the first vertical bar of each Buy and Sell signal. How do I limit each color of vertical bars signal to only one bar?

Code: 
#Plots Parabolic SARs and Super Trend combo as vertical bar.

input accelerationFactor = 0.02;
input accelerationLimit = 0.2;

def SAR = ParabolicSAR(accelerationFactor=accelerationFactor, accelerationLimit=accelerationLimit);

def BullishPSAR = close > SAR;
def BearishPSAR = close < SAR;

# SuperTrend Yahoo Finance Replica - Modified from Modius SuperTrend
# Modified Modius ver. by RConner7
# Modified by Barbaros to replicate look from TradingView version
# v3.0

input AtrMult = 1.00;
input nATR = 6;
input AvgType = AverageType.HULL;

def ATR = ATR("length" = nATR, "average type" = AvgType);
def UP_Band_Basic = HL2 + (AtrMult * ATR);
def LW_Band_Basic = HL2 + (-AtrMult * ATR);
def UP_Band = if ((UP_Band_Basic < UP_Band[1]) or (close[1] > UP_Band[1])) then UP_Band_Basic else UP_Band[1];
def LW_Band = if ((LW_Band_Basic > LW_Band[1]) or (close[1] < LW_Band[1])) then LW_Band_Basic else LW_Band[1];

def ST = if ((ST[1] == UP_Band[1]) and (close < UP_Band)) then UP_Band
else if ((ST[1] == UP_Band[1]) and (close > Up_Band)) then LW_Band
else if ((ST[1] == LW_Band[1]) and (close > LW_Band)) then LW_Band
else if ((ST[1] == LW_Band) and (close < LW_Band)) then UP_Band
else LW_Band;

def Long = if close > ST then ST else Double.NaN;
def Short = if close < ST then ST else Double.NaN;

# End Code SuperTrend Yahoo Finance Replica

AddVerticalLine(BullishPSAR and Long, "BUY", Color.GREEN, Curve.FIRM);
AddVerticalLine(BearishPSAR and Short, "SELL", Color.RED, Curve.FIRM);
 
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ben said:
Was having a similar issue tonight; I am looking to only get the first vertical bar of each Buy and Sell signal. How do I limit each color of vertical bars signal to only one bar?

Code: 
#Plots Parabolic SARs and Super Trend combo as vertical bar.

input accelerationFactor = 0.02;
input accelerationLimit = 0.2;

def SAR = ParabolicSAR(accelerationFactor=accelerationFactor, accelerationLimit=accelerationLimit);

def BullishPSAR = close > SAR;
def BearishPSAR = close < SAR;

# SuperTrend Yahoo Finance Replica - Modified from Modius SuperTrend
# Modified Modius ver. by RConner7
# Modified by Barbaros to replicate look from TradingView version
# v3.0

input AtrMult = 1.00;
input nATR = 6;
input AvgType = AverageType.HULL;

def ATR = ATR("length" = nATR, "average type" = AvgType);
def UP_Band_Basic = HL2 + (AtrMult * ATR);
def LW_Band_Basic = HL2 + (-AtrMult * ATR);
def UP_Band = if ((UP_Band_Basic < UP_Band[1]) or (close[1] > UP_Band[1])) then UP_Band_Basic else UP_Band[1];
def LW_Band = if ((LW_Band_Basic > LW_Band[1]) or (close[1] < LW_Band[1])) then LW_Band_Basic else LW_Band[1];

def ST = if ((ST[1] == UP_Band[1]) and (close < UP_Band)) then UP_Band
else if ((ST[1] == UP_Band[1]) and (close > Up_Band)) then LW_Band
else if ((ST[1] == LW_Band[1]) and (close > LW_Band)) then LW_Band
else if ((ST[1] == LW_Band) and (close < LW_Band)) then UP_Band
else LW_Band;

def Long = if close > ST then ST else Double.NaN;
def Short = if close < ST then ST else Double.NaN;

# End Code SuperTrend Yahoo Finance Replica

AddVerticalLine(BullishPSAR and Long, "BUY", Color.GREEN, Curve.FIRM);
AddVerticalLine(BearishPSAR and Short, "SELL", Color.RED, Curve.FIRM);
Click to expand...

This gets rid of most of the excess line by limiting the PSAR portion to when it first occurs through

Rich (BB code): 
AddVerticalLine(BullishPSAR[1]==0 and BullishPSAR and Long, "BUY", Color.GREEN, Curve.FIRM);
AddVerticalLine(BearishPSAR[1]==0 and BearishPSAR and Short, "SELL", Color.RED, Curve.FIRM);

or you could have left the verticalline codes as is and changed these
Rich (BB code): 
def BullishPSAR = close crosses above SAR;
def BearishPSAR = close crosses below SAR;

Capture.jpg
Ruby: 
#Plots Parabolic SARs and Super Trend combo as vertical bar.

input accelerationFactor = 0.02;
input accelerationLimit = 0.2;

def SAR = ParabolicSAR(accelerationFactor=accelerationFactor, accelerationLimit=accelerationLimit);

def BullishPSAR = close > SAR;
def BearishPSAR = close < SAR;

# SuperTrend Yahoo Finance Replica - Modified from Modius SuperTrend
# Modified Modius ver. by RConner7
# Modified by Barbaros to replicate look from TradingView version
# v3.0

input AtrMult = 1.00;
input nATR = 6;
input AvgType = AverageType.HULL;

def ATR = ATR("length" = nATR, "average type" = AvgType);
def UP_Band_Basic = HL2 + (AtrMult * ATR);
def LW_Band_Basic = HL2 + (-AtrMult * ATR);
def UP_Band = if ((UP_Band_Basic < UP_Band[1]) or (close[1] > UP_Band[1])) then UP_Band_Basic else UP_Band[1];
def LW_Band = if ((LW_Band_Basic > LW_Band[1]) or (close[1] < LW_Band[1])) then LW_Band_Basic else LW_Band[1];

def ST = if ((ST[1] == UP_Band[1]) and (close < UP_Band)) then UP_Band
else if ((ST[1] == UP_Band[1]) and (close > Up_Band)) then LW_Band
else if ((ST[1] == LW_Band[1]) and (close > LW_Band)) then LW_Band
else if ((ST[1] == LW_Band) and (close < LW_Band)) then UP_Band
else LW_Band;

def Long = if close > ST then ST else Double.NaN;
def Short = if close < ST then ST else Double.NaN;

# End Code SuperTrend Yahoo Finance Replica

AddVerticalLine(BullishPSAR[1]==0 and BullishPSAR and Long, "BUY", Color.GREEN, Curve.FIRM);
AddVerticalLine(BearishPSAR[1]==0 and BearishPSAR and Short, "SELL", Color.RED, Curve.FIRM);
Click to expand...
 
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SleepyZ said:
This gets rid of most of the excess line by limiting the PSAR portion to when it first occurs through

Rich (BB code): 
AddVerticalLine(BullishPSAR[1]==0 and BullishPSAR and Long, "BUY", Color.GREEN, Curve.FIRM);
AddVerticalLine(BearishPSAR[1]==0 and BearishPSAR and Short, "SELL", Color.RED, Curve.FIRM);

or you could have left the verticalline codes as is and changed these
Rich (BB code): 
def BullishPSAR = close crosses above SAR;
def BearishPSAR = close crosses below SAR;
Click to expand...
great job @SleepyZ . can i ask you a favor, can you also instead of the vertical line also add a arrow for buy and sell? thank you in advance
 
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FOTM_8888 said:
great job @SleepyZ . can i ask you a favor, can you also instead of the vertical line also add a arrow for buy and sell? thank you in advance
Click to expand...

This has options for arrows, bubbles and/or verticallines.

The image is only displaying the arrow option you requested.

Capture.jpg

Ruby: 
#Plots Parabolic SARs and Super Trend combo as vertical bar.

input accelerationFactor = 0.02;
input accelerationLimit = 0.2;

def SAR = ParabolicSAR(accelerationFactor=accelerationFactor, accelerationLimit=accelerationLimit);

def BullishPSAR = close crosses above SAR;
def BearishPSAR = close crosses below SAR;

# SuperTrend Yahoo Finance Replica - Modified from Modius SuperTrend
# Modified Modius ver. by RConner7
# Modified by Barbaros to replicate look from TradingView version
# v3.0

input AtrMult = 1.00;
input nATR = 6;
input AvgType = AverageType.HULL;

def ATR = ATR("length" = nATR, "average type" = AvgType);
def UP_Band_Basic = HL2 + (AtrMult * ATR);
def LW_Band_Basic = HL2 + (-AtrMult * ATR);
def UP_Band = if ((UP_Band_Basic < UP_Band[1]) or (close[1] > UP_Band[1])) then UP_Band_Basic else UP_Band[1];
def LW_Band = if ((LW_Band_Basic > LW_Band[1]) or (close[1] < LW_Band[1])) then LW_Band_Basic else LW_Band[1];

def ST = if ((ST[1] == UP_Band[1]) and (close < UP_Band)) then UP_Band
else if ((ST[1] == UP_Band[1]) and (close > Up_Band)) then LW_Band
else if ((ST[1] == LW_Band[1]) and (close > LW_Band)) then LW_Band
else if ((ST[1] == LW_Band) and (close < LW_Band)) then UP_Band
else LW_Band;

def Long = if close > ST then ST else Double.NaN;
def Short = if close < ST then ST else Double.NaN;

# End Code SuperTrend Yahoo Finance Replica

#Arrows
input showarrows = yes;

Plot Bull = if showarrows and BullishPSAR[1]==0 and BullishPSAR and Long
            then 1 else 0;
Bull.setpaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP);
Bull.setlineWeight(3);

Plot Bear = if showarrows and BearishPSAR[1]==0 and BearishPSAR and Short
            then 1 else 0;
Bear.setpaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bear.setlineWeight(3);

#Bubbles
input showbubbles = no;

addchartBubble(if showbubbles and BullishPSAR[1]==0 and BullishPSAR and Long
               then 1 else 0, low, "B", color.green, no);

addchartBubble(if showbubbles and BearishPSAR[1]==0 and BearishPSAR and Short
               then 1 else 0, high, "S", color.red);

#Verticallines
input showverticals = no;

AddVerticalLine(showverticals and BullishPSAR[1]==0 and BullishPSAR and Long, "BUY", Color.GREEN, Curve.FIRM);
AddVerticalLine(showverticals and BearishPSAR[1]==0 and BearishPSAR and Short, "SELL", Color.RED, Curve.FIRM);
 
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stock_wiz said:
@ChristianS - One thought came to mind. If i wanted to restrict the signals from showing up in afterhours or pre-market, is there a way to do that with the coding?

Thank
Click to expand...

maybe it was misinterpreted, which asked in this thread if anyone knows the code to just allow the last 2 Buy/Sell bourgeoisie so that the chart is clean, but I don't think anyone saw it
 
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Svanoy said:
if Price crosses above EMA within 1 bar { Buy = 1; Sell = 0; }else if close crosses below BBUpper within 1 bar { Buy = 0; Sell = 1; }else{ Buy = Buy[1]; Sell = Sell[1];} plot BUYSIGNAL = If Sell[1] and Buy then Buy else Double.NaN;
Click to expand...
Svanoy.... thanks a million for the code you created to eliminate duplicate orders in the same direction. I have been searching for two weeks for such code. I saw several references to not being able to change a variable "unless you do it in an IF statement". I tried and tried I couldn't change variables even in an IF statement. But your code shows that it works fine as long as you don't assign a value to the variable when you define it. Subtle!!! I modified my stochastic strategy and went live about an hour ago and the first profitable trade is in the bank. Thanks again!
 
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