That makes sence and it was mentioned many times before throughout the forum, thanks for the reply I should know better. I was looking at the code with my novice knowledge and if I am not mistaken the price entry and targets are reared from atr & price relationship? Could you think of any other way to search for rsilg entries and this partocular mtf scanner. I tried all timeframes and can’t figure out a good scan setup to at least not miss the entries by multiple bars
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WL for when in Consolidation/Exhaustion
# RSI-Laguerre Self Adjusting With Fractal Energy Gaussian Price Filter
# Mobius
# V01.12.2016
# Both Fractal Energy and RSI are plotted. RSI in cyan and FE in yellow. Look for trend exhaustion in the FE and a reversal of RSI or Price compression in FE and an RSI reversal.
#Inputs:
input nFE = 8;#hint nFE: length for Fractal Energy calculation.
input AlertOn = yes;
input Glength = 13;
input betaDev = 8;
input data = close;
def w = (2 * Double.Pi / Glength);
def beta = (1 - Cos(w)) / (Power(1.414, 2.0 / betaDev) - 1 );
def alpha = (-beta + Sqrt(beta * beta + 2 * beta));
def Go = Power(alpha, 4) * open +
4 * (1 – alpha) * Go[1] – 6 * Power( 1 - alpha, 2 ) * Go[2] +
4 * Power( 1 - alpha, 3 ) * Go[3] - Power( 1 - alpha, 4 ) * Go[4];
def Gh = Power(alpha, 4) * high +
4 * (1 – alpha) * Gh[1] – 6 * Power( 1 - alpha, 2 ) * Gh[2] +
4 * Power( 1 - alpha, 3 ) * Gh[3] - Power( 1 - alpha, 4 ) * Gh[4];
def Gl = Power(alpha, 4) * low +
4 * (1 – alpha) * Gl[1] – 6 * Power( 1 - alpha, 2 ) * Gl[2] +
4 * Power( 1 - alpha, 3 ) * Gl[3] - Power( 1 - alpha, 4 ) * Gl[4];
def Gc = Power(alpha, 4) * data +
4 * (1 – alpha) * Gc[1] – 6 * Power( 1 - alpha, 2 ) * Gc[2] +
4 * Power( 1 - alpha, 3 ) * Gc[3] - Power( 1 - alpha, 4 ) * Gc[4];
# Variables:
def o;
def h;
def l;
def c;
def CU1;
def CU2;
def CU;
def CD1;
def CD2;
def CD;
def L0;
def L1;
def L2;
def L3;
def RSI;
def OS;
def OB;
#plot M;
# Calculations
o = (Go + Gc[1]) / 2;
h = Max(Gh, Gc[1]);
l = Min(Gl, Gc[1]);
c = (o + h + l + Gc) / 4;
def gamma = Log(Sum((Max(Gh, Gc[1]) - Min(Gl, Gc[1])), nFE) /
(Highest(gh, nFE) - Lowest(Gl, nFE)))
/ Log(nFE);
L0 = (1 – gamma) * Gc + gamma * L0[1];
L1 = -gamma * L0 + L0[1] + gamma * L1[1];
L2 = -gamma * L1 + L1[1] + gamma * L2[1];
L3 = -gamma * L2 + L2[1] + gamma * L3[1];
if L0 >= L1
then {
CU1 = L0 - L1;
CD1 = 0;
} else {
CD1 = L1 - L0;
CU1 = 0;
}
if L1 >= L2
then {
CU2 = CU1 + L1 - L2;
CD2 = CD1;
} else {
CD2 = CD1 + L2 - L1;
CU2 = CU1;
}
if L2 >= L3
then {
CU = CU2 + L2 - L3;
CD = CD2;
} else {
CU = CU2;
CD = CD2 + L3 - L2;
}
RSI = if CU + CD <> 0 then CU / (CU + CD) else 0;
OS = if IsNaN(c) then Double.NaN else 0.2;
OB = if IsNaN(c) then Double.NaN else 0.8;
#M = if IsNaN(c) then Double.NaN else 0.5;
#M.SetStyle(Curve.Points);
#M.SetDefaultColor(Color.Gray);
#M.HideBubble();
#M.HideTitle();
def FEh = if isNaN(c) then double.nan else .618;
def FEl = if isNaN(c) then double.nan else .382;
#Alert(AlertOn and RSI crosses below .9, "", Alert.BAR, Sound.Bell);
#Alert(AlertOn and RSI crosses above .1, "", Alert.BAR, Sound.Bell);
# End Code RSI_Laguerre Self Adjusting with Fractal Energy
# Trade Management
def ATR = Average(TrueRange(h,c,l), 20);
def longCond = if RSI crosses above .2
then c
else if RSI < .8
then double.nan
else longCond[1];
def shortCond = if RSI crosses below .8
then c
else if RSI > .2
then double.nan
else shortCond[1];
def upperTarget = if !isNaN(longCond) and ((RSI > RSI[1]) or (RSI > .8))
then Round((longCond + (1.5 * ATR)) / TickSize(), 0) * TickSize()
else if !isNaN(shortCond) or ((RSI < RSI[1]) or (RSI crosses below .2))
then double.nan
else upperTarget[1];
def upperBreached = if close crosses above upperTarget
then 1
else if close crosses below .5
then 0
else upperBreached[1];
def lowerTarget = if !isNaN(shortCond)
then Round((shortCond - (1.5 * ATR)) / TickSize(), 0) * TickSize()
else if !isNaN(longCond)
then double.nan
else lowerTarget[1];
def LTbreach = if close crosses below lowerTarget
then 1
else if RSI crosses above .5
then 0
else LTbreach[1];
#addLabel(upperTarget, if upperBreached
#then "Target Breached " + AsDollars(upperTarget)
#else "Target = " + AsDollars(Round(upperTarget, 2)), color.green);
#addLabel(lowerTarget, if LTbreach
#then "Target Breached " + AsDollars(LowerTarget)
# else "Target = " + AsDollars(Round(lowerTarget, 2)), color.red);
def FE_Consolidation = gamma > .62 and gamma[1] > .62 and gamma[2] > .62 and gamma[3] > .62 and gamma[4] > .62 and gamma[5] > .62;
#AddLabel(FE_Consolidation, "Cons", Color.YELLOW);
def FE_Exhaustion = gamma < .38 and gamma[1] < .38 and gamma[2] < .38 and gamma[3] < .38 and gamma[4] < .38 and gamma[5] < .38;
#AddLabel(FE_Exhaustion, "Exh", Color.YELLOW);
def MovOutConsol = gamma crosses below .65;
addlabel(yes, if FE_Consolidation then "Cons" else if FE_Exhaustion then "Exh" else if MovOutConsol within 1 bar then "Moving" else "" );
assignBackgroundColor(if Fe_Consolidation then createColor(112,104,95) else if Fe_Exhaustion then createColor(81,77,72) else if MovOutConsol within 1 bar then createColor(8,96,191) else color.DARK_GRAY);
I didn't look at what script you are attempting to turn into a watchlist. I am assuming that give you posted this in the RSI MTF thread that it is an MTF script. In which case, it is not possible to turn it into a watchlist as multiple time frames cannot be put into a watchlist column.
Multiple Time Frame scripts cannot be used in watchlists, scan hackers, conditional orders or any widget that is based on a single timeframe.
Can you share your quad momo? I use the base version but would love to see an upgraded more efficient version.
Did you know that clicking on a member's name will allow you to see when a member was last seen on the uTS forum? @tomsk has not been seen in a while.
The study 2nd from the bottom says New study. Do you have this?
Did you know that by clicking on a member's name, you can easily check when they were last seen on the uTS forum? It's a great way to keep track of who's been around recently, and who hasn't. Speaking of which, it looks like @horserider is not currently active.
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