I saw the code here: https://www.prorealcode.com/prorealtime-indicators/scalping-with-parabolic-sar-and-fibonacci/
[img]https://www.prorealcode.com/wp-content/uploads/2019/09/xScalping-with-Parabolic-SAR-and-Fibonacci-700x438.png.pagespeed.ic.8asGwga3RE.webp[/img]
This scalping indicator contains 2 parabolic SAR of different settings and plot automatically entry, stoploss and target levels calculated with Fibonacci retracement.
The rules are:
LONG
When price breaks up through the 0.02 & 0.2 PSAR you draw a Fibonacci retracement
from the closest last significant low (before pirce broke PSAR)
to the high of the bar that broke the PSAR.
This gives you your PROFIT TARGET at 161.8% Level
and your ENTRY ar 50% level
STOP = Last Signifcant low -2 Pips
SHORT
When price breaks down through the 0.02 & 0.2 PSAR you draw a Fibonacci retracement
from the closest last significant high (before pirce broke PSAR)
to the low of the bar that broke the PSAR.
This gives you your PROFIT TARGET at 161.8% Level
and your ENTRY ar 50% level
STOP = Last Signifcant high +2 Pips
- Code: Select all
//PRC_Scalping with Parabolic SAR and Fibonacci | indicator
// --- settings
plotbar=10 //bars duration for plotting the fib zones
// --- end of settings
sarfast=SAR[0.02,0.02,0.2]
sarslow=SAR[0.005,0.005,0.05]
//colors
if close>sarfast then //bullish trend
r=0
g=255
else //bearish trend
r=255
g=0
endif
//highs and lows
if close<sarfast then
ll=min(ll,low)
else
hh=max(hh,high)
endif
if close>sarfast and close[1]<sarfast[1] then //new bullish signal
fibo0=ll
ll=sarslow //reset ll
if close>sarslow then
startbar=barindex
irange=high-fibo0
entry = fibo0+(irange/2)
itarget = fibo0+irange*1.618
istop = fibo0-2*pointsize
drawarrowup(startbar,fibo0) coloured(0,255,0)
drawtext("50% (entry)",barindex,entry-2*pointsize,dialog,standard,20) coloured(0,255,0)
drawtext("SL",barindex,istop-2*pointsize,dialog,standard,20) coloured(255,0,0)
drawtext("TP",barindex,itarget-2*pointsize,dialog,standard,20) coloured(0,0,255)
endif
endif
if close<sarfast and close[1]>sarfast[1] then //new bearish signal
fibo0=hh
hh=0 //reset hh
if close<sarslow then
startbar=barindex
irange=fibo0-low
entry = fibo0-(irange/2)
itarget = fibo0-irange*1.618
istop = fibo0+2*pointsize
drawarrowdown(startbar,fibo0) coloured(255,0,0)
drawtext("50% (entry)",barindex,entry+2*pointsize,dialog,standard,20) coloured(0,255,0)
drawtext("SL",barindex,istop+2*pointsize,dialog,standard,20) coloured(255,0,0)
drawtext("TP",barindex,itarget+2*pointsize,dialog,standard,20) coloured(0,0,255)
endif
endif
//plot fib zones
if barindex-startbar<=plotbar then
if close>sarslow then //bullish trend
drawsegment(startbar,istop,barindex,istop) coloured(255,0,0) //stoploss
drawsegment(startbar,entry,barindex,entry) coloured(0,255,0) //entry at 50% fibo
drawsegment(startbar,itarget,barindex,itarget) coloured(0,0,255) //target at 161.8% fibo
endif
if close<sarslow then //bearish trend
drawsegment(startbar,istop,barindex,istop) coloured(255,0,0) //stoploss
drawsegment(startbar,entry,barindex,entry) coloured(0,255,0) //entry at 50% fibo
drawsegment(startbar,itarget,barindex,itarget) coloured(0,0,255) //target at 161.8% fibo
endif
endif
return sarfast coloured(r,g,0) style(point,5),sarslow coloured(0,195,255) style(point,5)
I cannot get it coded to lua as indicator and strategy.....
Please sir, help me. Thanks.
