Unique 5 Minutes Flip Opening Range Indicator

[john3]

I haven't seen this before. Looks interesting. Would someone please code this? Thank you.

https://easyupload.io/xjce0b
The password is: usethinkscript

 

[stockminion]

Interesting concept, did anyone tried?

 

[mashume]

I've been taking a stab at it. Got parts of it working... others not so much so. I'll post back if I manage to get something that goes well.

mashume

 

[stockminion]

Thanks Mashume for providing a feedback, I will consider as it is. Thanks

 

[AspaTrader]

@john3 Trying to code as per your request I am not able to Handle the Inside Bar Yet.. The Pink Line is the FMF....

 

[AspaTrader]

Inside Bar I have to find a way to Handle it ...

 

[velasqjc]

Interesting, could you please share the code

 

[velasqjc]

Any update on this topic, Thanks

 

[mashume]

@FunTrade is way further along than I made it. Please share when you're ready to. Looks interesting!

 

[Zlotko]

Yes. Please share when you're ready. Thanks

 

[john3]

Any updates on this?

 

[shizah]

@mashume @FunTrade - Can you post what you have? Also, if anyone can post what the method is, that would help. The file is no longer available.

 

[mashume]

I can't find the original specs, nor any of my notes. so I'm not sure why I wrote much of what I did... but here it is.

declare upper;

def h = high;
def l = low;

def OpeningBell = getTime()[1] < RegularTradingStart(getYYYYMMDD()) and
                  getTime() > RegularTradingStart(getYYYYMMDD());
def RTH = getTime() >= RegularTradingStart(getYYYYMMDD()) and
          getTime() <= RegularTradingEnd(getYYYYMMDD());
def FirstFiveActive = getTime() >= OpeningBell and
               getTime() <= RegularTradingStart(getYYYYMMDD()) + 300000;

def SecondFiveActive =
    getTime() >= RegularTradingStart(getYYYYMMDD()) + 300000 and     
    getTime() <= RegularTradingStart(getYYYYMMDD()) + 600000;

def FMF_high = if OpeningBell
          then h
          else if FirstFiveActive and
                  h > FMF_high[1]
               then h
               else FMF_high[1];
def FMF_low = if OpeningBell
          then l
          else if FirstFiveActive and
                  l < FMF_low[1]
               then l
               else FMF_low[1];

plot ORhigh = if !FirstFiveActive and RTH and FMF_high != 0
              then FMF_high
              else Double.NaN;
ORhigh.SetStyle(Curve.LONG_DASH);
ORhigh.SetLineWeight(1);
ORhigh.SetDefaultColor(Color.GREEN);

plot ORlow = if !FirstFiveActive and RTH and FMF_low != 0
             then FMF_low
             else Double.NaN;
ORlow.SetStyle(Curve.LONG_DASH);
ORlow.SetLineWeight(1);
ORlow.SetDefaultColor(Color.RED);

def Swing_Low = if SecondFiveActive and (l < FMF_Low and l < l[1])
    then l
    else if SecondFiveActive and l < Swing_Low[1]
        then l
        else Swing_Low[1];

def Swing_High = if SecondFiveActive and (h > FMF_High and h > h[1])
    then h
    else if SecondFiveActive and h > Swing_High[1]
        then h
        else Swing_High[1];

# plot LowSwing = if !FirstFiveActive and !SecondFiveActive and RTH and Swing_low != 0
plot LowSwing = if !FirstFiveActive and RTH
    then Swing_Low
    else Double.NaN;

plot HighSwing = if !FirstFiveActive and RTH
    then Swing_high
    else Double.NaN;


def swing = if firstFiveActive or SecondFiveActive
    then double.nan
    else
        if !isnan(swing)
            then swing[1]
        else
            if l < FMF_low
            then l - (FMF_high - FMF_low)
                else if h > fmf_high
                    then h + (FMF_high - FMF_low)
            else
                double.nan;

plot Flip = if !firstFiveActive and !secondFiveActive and RTH then swing else double.nan;

# plot flip = swing;

If anyone wants to re-post the requirements, I'll take another swing

-mashume

 

[john3]

I can't find the original specs, nor any of my notes. so I'm not sure why I wrote much of what I did... but here it is.
...
If anyone wants to re-post the requirements, I'll take another swing

-mashume

@mashume Appreciate your effort to make it work. The code you posted doesn't seem to plot and I get this in the upper left corner of the chart: "Trying to self-assign a non-initialized rec: swing," but here are the requirements again. https://easyupload.io/y9cd7q

 

[mashume]

@mashume Appreciate your effort to make it work. The code you posted doesn't seem to plot and I get this in the upper left corner of the chart: "Trying to self-assign a non-initialized rec: swing," but here are the requirements again. https://easyupload.io/y9cd7q

I should have warned with this code that it is INCOMPLETE BETA (ALPHA even) code and is guaranteed not to work. It may break things, cause the sky to fall, produce pots of gold at the end of rainbows, or simply make you scratch your head and wonder what the hello I was thinking.

;-)

mashume

 

[halcyonguy]

@mashume Appreciate your effort to make it work. The code you posted doesn't seem to plot and I get this in the upper left corner of the chart: "Trying to self-assign a non-initialized rec: swing," but here are the requirements again. https://easyupload.io/y9cd7q

can you post an updated link to the source data? both easyupload links are dead