Swing Hi/Lo points for indicator values?

April 25th, 2010, 07:25 AM

Trader.Jon

Sam,

Any thoughts on how to use (code) previous swing levels as profit targets ? I am thinking on as momentum stays above a certain level, then the profit target keeps moving from previous swing level to the next profitable swing level, and then as ROC falls the profit target drops to the price as market order.

Jon

Their are many ways to do this, but the easier is maybe to use a multidimensional array, to store the previous swing levels.

April 25th, 2010, 11:27 AM

sam028

Their are many ways to do this, but the easier is maybe to use a multidimensional array, to store the previous swing levels.

Do you know a strategy or indicator that would use that type of array so I can have a look at the code?

April 26th, 2010, 01:22 PM

Jon here's a simple (NT 6.5) strategy I was testing on the ES a few months back that uses swing Hi/Lo point patterns to enter trades. If you can improve the entry signals that would be great. At least, hopefully the Hi/Lo code will help you out.

April 26th, 2010, 01:55 PM

Trader.Jon

Do you know a strategy or indicator that would use that type of array so I can have a look at the code?

Sorry, I didn't found any piece of NT code using multi dimensional arrays, but if you just need to store the previous swing high/swing low, using two simple variables is enough, something like (pseudo-code not tested):

Code

                            
init() {

  _previous_high=Swing(5).SwingHigh[0];

  _previous_low=Swing(5).SwingLow[0];

}

protected override void OnBarUpdate() {

if (_previous_high != Swing(5).SwingHigh[0] )

  _previous_high=Swing(5).SwingHigh[0];

if (_previous_low != Swing(5).SwingLow[0] )

  _previous_low=Swing(5).SwingLow[0];

_stop_Long=_previous_low;

_stop_Short=_previous_high;...}

April 28th, 2010, 03:05 AM

zacharydw00

Any one know of an indicator or code that will identify the Swing Hi/Lo points of an indicator's output value? NT's Swing indicator uses the High & Low functions, which can't be applied to an ind. value. Thanks.

I was wrong about the Swing ind. To update anyone who's following this post, I am making good progress on my divergence ind. I'm working on the the more complex part first... getting it to work with the MACD Histogram.

FYI- Europe is sinking. Short the E7.

May 19th, 2010, 08:00 PM

Does anyone know if the "mean" of the swing h/l indicator can be plotted? Similar to the Donchian channel mean.

May 20th, 2010, 08:05 PM

Simple answer... Yes. It probably would be fairly easy to modify NT's Swing ind to calc and plot the mean.

August 19th, 2011, 07:13 PM

sam028

If you mean a strategy using the Swing built-in indicator, it's easy, something like:

Code

                            
if (Close[0] > Swing(5).SwingHigh[0]) {
  Golong();
  etc, etc, ...
}
if (Close[0] < Swing(5).SwingLow[0]) {
  GoShort();
  etc, etc, ...
}

Hi Sam
this simple code worked well for me, but I noticed once the next bar would be > the swing high, it would still go long and opposite for short. so, I think

Code

if(High[0] > Swing(5).SwingHigh[0] && High[1] < Swing(5).SwingHigh[0])
   GoLong();
if(Low[0] < Swing(5).SwingLow[0] && Low[1] > Swing(5).SwingLow[0])
  GoShort();

this is assuming you only want to go long the 1st time it breaks out or breaks down, rather than going long and short over and over just because it is above or below the swing level

thanks and love your webinar
Spencer

August 20th, 2011, 04:36 AM

zacharydw00

Any one know of an indicator or code that will identify the Swing Hi/Lo points of an indicator's output value? NT's Swing indicator uses the High & Low functions, which can't be applied to an ind. value. Thanks.

Attached is an indicator that I have coded based on NT's Swing indicator. It shows the trend based on a specified swing strength/period. The indicator can be referenced from a strategy. The code for a simple crossover strategy could be as follows:

if (Close[0] < SwingChartTrend(SwingPeriod).SupplyLine[0]
&& Close[1] > SwingChartTrend(SwingPeriod).DemandLine[1])

{

DrawArrowDown("My down arrow" + CurrentBar, false, 0, High[0]+(8*TickSize), Color.Red);

}

if (Close[0] > SwingChartTrend(SwingPeriod).DemandLine[0]
&& Close[1] < SwingChartTrend(SwingPeriod).SupplyLine[1])

{

DrawArrowUp("My up arrow" + CurrentBar, false, 0, Low[0]+(-8*TickSize), Color.Green);

}

Swing Hi/Lo points for indicator values?

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Swing Hi/Lo points for indicator values?