/********************************************************************
Title: Value Chart Indicator Script for eSignal 7.x
By: Chris D. Kryza (Divergence Software, Inc.)
Email: [email protected]
Incept: 09/26/2003
Version: 1.0.0
=====================================================================
Fix History:
09/26/2003 - Initial Release
1.0.0
=====================================================================
Project Description:
David Stenhahl's Value Chart Indicator. From the book "Dynamic
Trading Indicators" by Mark Helweg and David Stendahl.
If you come across any fixes or have any ideas on how to spruce it up, I
would appreciate it if you would let me know ([email protected]).
Dislaimer: For educational purposes only! Obviously, no guarantees
whatsoever and use at your own risk.
**********************************************************************/
//Global Variables
var grID = 0;
var nBarCounter = 0;
var aFPArray = new Array();
var aArray = new Array();
var nVarP = null;
var bInitialized = false;
var nTotalBars = null;
var nMaxBars = 200;
var nStudyMin = -12;
var nStudyMax = 12;
//== PreMain function required by eSignal to set things up
function preMain() {
var x;
setPriceStudy(false);
setStudyTitle("Value Chart");
addBand( 8, PS_SOLID, 1, Color.red, -10 );
addBand( 4, PS_SOLID, 1, Color.teal, -11 );
addBand( -4, PS_SOLID, 1, Color.teal, -12 );
addBand( -8, PS_SOLID, 1, Color.red, -13 );
//unrem this if you don't want the labels in cursor window
setShowCursorLabel(false);
setStudyMin( nStudyMin );
setStudyMax( nStudyMax );
setComputeOnClose();
grID = 0;
//initialize formula parameters
x=0;
aFPArray[x] = new FunctionParameter( "NumBars", FunctionParameter.NUMBER);
with( aFPArray[x] ) {
setName( "Input: Bars" );
setLowerLimit( 2 );
setUpperLimit( 1000 );
setDefault( 5 );
}
x++;
aFPArray[x] = new FunctionParameter( "MaxToDraw", FunctionParameter.NUMBER);
with( aFPArray[x] ) {
setName( "Max Bars to Draw" );
setLowerLimit( 20 );
setUpperLimit( 5000 );
setDefault( 100 );
}
for ( x=0; x<50; x++ ) {
aArray[x] = 0.0;
}
}
//== Main processing function
function main( NumBars, MaxToDraw ) {
var x;
var nVarA;
var nVarB;
var nVarC;
var nVarD;
var nVarE;
var nVarR1;
var nVarR2;
var nVarR3;
var nVarR4;
var nVarR5;
var nVarR0;
var nOpen, nHigh, nLow, nClose;
//script is initializing
if ( getBarState() == BARSTATE_ALLBARS ) {
return null;
}
if ( bInitialized == false ) {
nVarP = Math.round( NumBars/5 );
nMaxBars = MaxToDraw*3;
nMaxBars += (nMaxBars % 3)-1;
nTotalBars = getNumBars();
bInitialized = true;
}
//called on each new bar
if ( getBarState() == BARSTATE_NEWBAR ) {
aArray.pop();
aArray.unshift(0);
nBarCounter++;
}
if ( nBarCounter < (nTotalBars-(nMaxBars/3))-10 ) return;
if ( NumBars > 7 ) {
nVarA = Highest( nVarP, 0 ) - Lowest( nVarP, 0 );
if ( nVarA == 0 && nVarP ==1 )
nVarR1 = Math.abs( close()-close(-nVarP) );
else
nVarR1 = nVarA;
nVarB = Highest( nVarP, nVarP+1 ) - Lowest( nVarP, nVarP );
if ( nVarB == 0 && nVarP==1 )
nVarR2 = Math.abs( close(-nVarP)-close(-(nVarP*2)));
else
nVarR2 = nVarB;
nVarC = Highest( nVarP, nVarP*2 ) - Lowest( nVarP, nVarP*2 );
if ( nVarC == 0 && nVarP==1 )
nVarR3 = Math.abs( close(-(nVarP*2))-close(-(nVarP*3)));
else
nVarR3 = nVarC;
nVarD = Highest( nVarP, nVarP*3 ) - Lowest( nVarP, nVarP*3 );
if ( nVarD == 0 && nVarP==1 )
nVarR4 = Math.abs( close(-(nVarP*3))-close(-(nVarP*4)));
else
nVarR4 = nVarD;
nVarE = Highest( nVarP, nVarP*4 ) - Lowest( nVarP, nVarP*4 );
if ( nVarE == 0 && nVarP==1 )
nVarR5 = Math.abs( close(-(nVarP*4))-close(-(nVarP*5)));
else
nVarR5 = nVarE;
nLRange = ( ( nVarR1 + nVarR2 + nVarR3 + nVarR4 + nVarR5 ) / 5 ) * 0.20;
}
else {
if ( Math.abs( close()-close(-1) ) > (high()-low()))
nVar0 = Math.abs( close()-close(-1) );
else
nVar0 = high()-low();
if ( high()==low() )
nVar0 = Math.abs( close()-close(-1) );
aArray[0] = nVar0;
nLRange = Average( aArray, 5 ) * 0.20;
}
if ( nLRange <= 0 ) return;
nOpen = ( open() - HLAverage( NumBars ) ) / nLRange;
nHigh = ( high() - HLAverage( NumBars ) ) / nLRange;
nLow = ( low() - HLAverage( NumBars ) ) / nLRange;
nClose = ( close() - HLAverage( NumBars ) ) / nLRange;
//adjust study window height, as necessary
if ( nBarCounter > (nTotalBars-(nMaxBars/3))) {
if ( nHigh > nStudyMax ) {
nStudyMax = nHigh;
setStudyMax( nStudyMax );
}
if ( nLow < nStudyMin ) {
nStudyMin = nLow;
setStudyMin( nStudyMin );
}
}
//draw the OHLC bar in the study window
drawBar( nOpen, nHigh, nLow, nClose );
}
/*************************************************
SUPPORT FUNCTIONS
**************************************************/
function drawBar( nO, nH, nL, nC ) {
drawLineRelative( 0, nL, 0, nH, PS_SOLID, 3, Color.navy, gID() );
drawLineRelative( 0, nO, 0, nO, PS_SOLID, 5, Color.lime, gID() );
drawLineRelative( 0, nC, 0, nC, PS_SOLID, 5, Color.red, gID() );
}
function HLAverage( nBars ) {
var x = 0;
var nTmp = 0;
while ( x<nBars ) {
nTmp += ( high(-x) + low(-x) ) / 2;
x++;
}
return( nTmp/nBars );
}
function Average( Arr, nBars ) {
var x = 0;
var nTmp = 0;
while ( x<nBars ) {
nTmp += Arr[x];
x++;
}
return( nTmp/nBars );
}
function Highest( nBars, nOffset ) {
var x = nOffset;
var nTmp = -9999999999.0;
while ( x<nBars+nOffset ) {
nTmp = Math.max( nTmp, high(-(x)) );
x++;
}
return( nTmp );
}
function Lowest( nBars, nOffset ) {
var x = nOffset;
var nTmp = 9999999999.0;
while ( x<nBars+nOffset ) {
nTmp = Math.min( nTmp, low(-(x)) );
x++;
}
return( nTmp );
}
//== gID function assigns unique identifier to graphic/text routines
function gID() {
grID ++;
if ( grID>nMaxBars ) grID = 0;
return( grID );
}
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