EMA HLC Envelope

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EMA HLC Envelope

Postby zekelogan » Sun Jan 10, 2010 2:55 pm

Variable: Number of periods.

Line 1 Data: High
Color: Green

Line 2 Data: Close
Color: Blue

Line 3 Data: Low
Color: Red

(If possible, paint bar green above Line 1, red below Line 3, & Blue in between Lines 1 & 3.
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Re: EMA HLC Envelope

Postby TonyMod » Mon Jan 11, 2010 5:16 pm

zekelogan wrote:Variable: Number of periods.

Line 1 Data: High
Color: Green

Line 2 Data: Close
Color: Blue

Line 3 Data: Low
Color: Red

(If possible, paint bar green above Line 1, red below Line 3, & Blue in between Lines 1 & 3.


Hello zekelogan,

Yes we can make this indicator for you, but the bar coloring you are asking for is not possible in the current version of MarketScope.

I'll get somebody on this right away, and i'll post the indicator for you as soon as its done.

Cheers.
Best Regards,

"TonyMod"
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Re: EMA HLC Envelope

Postby TonyMod » Mon Jan 11, 2010 5:42 pm

Hello zekelogan,

Finished your indicator. It applies EMA indicator to 3 streams High, Low, and Close. You can change parameters if you wish but it does 14-period setting for all 3 streams by default.

Here is a screenshot:
EMA-HLC-Envelope.gif
Screenshot in MarketScope with all 3 EMA lines at 14-period setting.


Download:
EMAHLCEnvelope.lua
Download EMA-HLC Envelope .Lua
(2.41 KiB) Downloaded 1104 times



Let me know if this is what you wanted.

Cheers.
Best Regards,

"TonyMod"
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Re: EMA HLC Envelope

Postby zekelogan » Tue Jan 12, 2010 1:38 pm

Quick like lightning. Thanks much. Any idea if paintbar options will be available any time soon?
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Re: EMA HLC Envelope

Postby Nikolay.Gekht » Thu Jan 14, 2010 12:43 pm

As far as I know, the feature is not expected in two next releases
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Re: EMA HLC Envelope

Postby TonyMod » Thu Jan 14, 2010 12:51 pm

zekelogan wrote:Quick like lightning. Thanks much. Any idea if paintbar options will be available any time soon?


Nikolay.Gekht wrote:As far as I know, the feature is not expected in two next releases


Since its not possible now... Maybe i could think of a workaround and make Oscillator, or two, that would display when high goes over top envelope and low goes over lower envelope.

What you think zekelogan?
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Re: EMA HLC Envelope

Postby TonyMod » Fri Jan 15, 2010 2:13 pm

zekelogan wrote:Quick like lightning. Thanks much. Any idea if paintbar options will be available any time soon?


Here i modified indicator i already gave you and made a new oscillator to go with it.

Just make sure to use same EMA periods settings for BOTH. If Indicator is set at 28 period EMA make sure that Oscillator is also set at 28 period EMA, or it will NOT show accurate data.

Indicator Coloring:
If HIGH breaks high envelope it puts 2 dots, one at envelope and one at the actual price.
If LOW breaks low envelope it does same thing with different colors.
EMAHLCEnvelope.lua
With coloring
(3.15 KiB) Downloaded 1100 times



Oscillator:
It shows if envelope was broken and by how much, blue bars show HIGH breaking the envelope and by how much, and red bars do same for LOW.
EMAHLCEnvelope-Oscillator.lua
Oscillator
(2.33 KiB) Downloaded 1085 times


Note: It doesn't do anything when HIGH breaks low envelope or when LOW breaks high envelope. Should it also show something? I think it would be little too "cluttered" then, will be hard to see clearly..... Up to you.

Screenshot:
EMA-HLC-Envelope-Ind+Osc.jpg



Let me know what you think!

Cheers.


Let me know what you think.
Best Regards,

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Re: EMA HLC Envelope

Postby zekelogan » Mon Jan 18, 2010 8:18 pm

That's wonderful. Now the important stuff can be seen from across the room!

Above and beyond the call of duty I tell ya. :D
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Re: EMA HLC Envelope

Postby zekelogan » Mon Jan 18, 2010 8:27 pm

The only other suggestion I have would be rectangles in the drawing tools. Those fancy ones that change the chart's background color :D

I get by now by using two lines.
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Re: EMA HLC Envelope

Postby TonyMod » Tue Feb 02, 2010 1:29 pm

zekelogan wrote:The only other suggestion I have would be rectangles in the drawing tools. Those fancy ones that change the chart's background color :D

I get by now by using two lines.


Zeke,

You mean those that CMS's VT trader does? I have a friend who trades through them, i saw his chart displaying those rectangles.... To be honest since im not a trader myself, i don't know what they are for. But if they are such useful tool, i'd be more than happy to forward this request to MarketScope guys.

By the way... I posted EMA HLC indicator in custom indicators section, along with Oscillator to support it. I added a new Feature: Now each individual bands can be shifted, and coloring will follow the shifted configuration. I don't know how useful it is in this case... But figured its better to have it just in case.

Anyway here it is: http://www.fxcodebase.com/code/viewtopic.php?f=17&t=273

Cheers.
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