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Date/Time: Fri, 10 May 2024 03:27:21 +0000

Post From: Does SC have a one time framing up and one time framing down indicator?

[2021-03-03 11:30:03] Link To Thread - Link To Post [Go To First Post]
User877753 - Posts: 152
It's really interesting, we are closer to the solution. This LSHL is a good idea. I suggest the following : One Time Framing - Up: The chart enters the OTF - Up state if L[2] <= L[1]- Ns && L[1] <= L - Ns --> The chart has a clean start : 2 consecutive strict Higher Lows. Using the Ns allows to normalize the step and is in line with the condition below. Once in such a state, the chart exits the OTF - Up state if: LSHL - Ns > L, where LSHL[0] = L[0], and for t > 0 LSHL = max(LSHL[1],L[1]) // As soon as the retracement beyond "the tolerance ticks" occurs, One Time Framing - Up ceases. Note : on 3 consecutive compressing bars (ie H[2] >H[1]>H && L[2]<L[1]<L), you will have both states for the last Bar : OTF UP and OTF Down. This won't last, as chart never compresses forever. What do you think about this ?