Jurij

Transient Zones

5768 vizualizações
541
Updated version 1.1:
Simple indicator to visualize Transient Zones (TZ) and Potential Transient Zones (PTZ).
Original ForexFactory thread by EURUSDD http://www.forexfactory.com/showthread.p...

Todo:
- Mid bar transient zones detection
- Draw rectangles for zones (once rectangle drawing gets implemented in pine script)
- Mark forming PTZs more clearly
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study("Transient Zones", "TZ", overlay=true)
h_left = input(title="h left", type=integer, defval=10)
h_right = input(title="h right", type=integer, defval=10)
show_ptz = input(title="Show PTZ", type=bool, defval=true)
show_channel = input(title="Show channel", type=bool, defval=true)
//barCount = nz(barCount[1]) + 1
//check history and realtime PTZ
h_left_low = lowest(h_left)
h_left_high = highest(h_left)
newlow = low <= h_left_low
newhigh = high >= h_left_high
plotshape(newlow and show_ptz, style=shape.triangledown, location=location.belowbar, color=red)
plotshape(newhigh and show_ptz, style=shape.triangleup, location=location.abovebar, color=green)
channel_high = plot(show_channel ? h_left_low : 0, color=silver)
channel_low = plot (show_channel ? h_left_high : 0, color=silver)
//check true TZ back in history
central_bar_low = low[h_right + 1]
central_bar_high = high[h_right + 1]
full_zone_low = lowest(h_left + h_right + 1)
full_zone_high = highest(h_left + h_right + 1)
central_bar_is_highest = central_bar_high >= full_zone_high
central_bar_is_lowest = central_bar_low <= full_zone_low
plotarrow(central_bar_is_highest ? -1 : 0, offset=-h_right-1)
plotarrow(central_bar_is_lowest ? 1 : 0, offset=-h_right-1)

Comentários

look nice but taste like shit,
Resposta
BIG SCAMMER, THE SIGNALS APPAIR AFTER MIN 10 CANDLE CLOSED
Resposta
yrainville jhonny19977
@jhonny19977, yes this indicator repaints but that is not the point! Read about transient zones, it's a very powerful concept. And thank you Jurij for this indicator which lets us validate it (and introduced me to the concept).
+2 Resposta
Vikas3764 yrainville
@yrainville, CAN WE USE THIS IN LIVE MARKET..BCOZ THIS AROW R COME LATE
OR ANY OTHER INDICTER SAME AS THIS IS
Resposta
yrainville Vikas3764
@Vikas3764, I wrote some more comments on the "Transient Zones v1.1" indicator that you might want to look at, but here it is in a nutshell: you cannot just say e.g. "when the big red arrow shows up over the current candle, I'm gonna SELL", because this indicator repaints. With the default settings of hright = 10, you get the arrows 10 candles late. Whatever number you pick for the hright value is how late you'll get the big arrows.

This indicator is NOT meant for that. It is used to study the properties of transient and recurrent zones, which you can read more about on an old thread on ForexFactory.

A final word of advice to anyone who wishes to delve deeper into these concepts. Be prepared to spend a lot of time, as it is a time sink. Is there a way to trade profitably with these concepts? Yes (if you really think outside the box). Are there alternate, faster ways to consistency and profitability? Absolutely. If you think you must study this, my advice is to put this topic at the end of your list of things to look into.

Hope this helps :)
Resposta
Updated version 1.1:
Resposta
@Jurij, is there any way of getting those arrows to pop up sooner as opposed to later. It would be nice if they appeared as the candles went along and got matched up right away.
+30 Resposta
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