Min Max Cycle

Here you can post and download custom indicators. PLEASE: Do not start topics unless you are posting your own indicator, they will be moved to appropriate section even if you do.

Moderator: admin

Re: Min Max Cycle

Postby Apprentice » Mon Nov 06, 2017 4:36 am

Circle location is set to date.
If this time frame is changed, circle locations will change accordingly.
If R is defined in pips or pixels, we will have the discontinuity with price action.
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 17397
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Min Max Cycle

Postby High&Low » Mon Nov 06, 2017 4:57 pm

Thank you for the reply and your explanation. In the last two pictures I did not change the timeframe but I changed the zoom in the chart and the place of the circles changed.
You are right, if we define the R based on a pips we will have the discontinuity with price action but I think there is way to prevent the discontinuity . It is as follows:
If we define a scale for the R( radius) of the circles then the problem will be solved .
The scale can be defined in a way that Radius = X/y
X here is the high- low ( amount of pips between high and low that we define) and y is the conversion rate for the pips.
For example if we assume that the amount of pips between high and low is 100 pips, and we give the conversion rate 10 the Radius is equal 100/10 = 10 bar
it means the radius is 10 bar , but this radius has both price and time included.
The conversion rate ( y) can be decimal or integer.
Can modify the R and change it into Scale R and define the R= X/y and the rest R2,R3,,,, is based on the R.
Thank you in advance .
High&Low
 
Posts: 8
Joined: Fri Oct 27, 2017 5:56 pm

Re: Min Max Cycle

Postby High&Low » Wed Nov 08, 2017 3:31 pm

any help for modifying the indicator based on above explanation ?
High&Low
 
Posts: 8
Joined: Fri Oct 27, 2017 5:56 pm

Re: Min Max Cycle

Postby Apprentice » Thu Nov 09, 2017 5:39 am

Your request is added to the development list under Id Number 3944
User avatar
Apprentice
FXCodeBase: Confirmed User
 
Posts: 17397
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

Re: Min Max Cycle

Postby High&Low » Sat Nov 11, 2017 12:47 am

Hi Apprentice,

I found a better explanation than what I wrote above for scaling the chart, Please check the link below :

https://www.tradingview.com/chart/BTCUS ... ur-charts/


Thanks in advance
High&Low
 
Posts: 8
Joined: Fri Oct 27, 2017 5:56 pm

Previous

Return to Custom Indicators

Who is online

Users browsing this forum: Yahoo [Bot] and 16 guests