Does anyone know how to put a consolidation in to a strategy as well well as a indictor?

Mgem 

Does anyone know how to put a consolidation in to a strategy as well well as a indictor?

A consolidation?

If you are talking about a price consolidation - how do you define a consolidation?

How another trader defines it might be completely different.

Same for trend, support, resistance, all kinds of patterns yada yada.

Anything can be coded .... that is specifically defined. Nothing can be coded that isn't.

Mgem 

Does anyone know how to put a consolidation in to a strategy as well well as a indictor?

By "Consolidation" you mean as in ADX below a certain threshold?
Or as in BollingerBand squeeze?
Just plot them as indicators in your chart to show consolidation.
Or include them as conditions in a strategy.

~Bill

SunTrader 

A consolidation? If you are talking about a price consolidation - how do you define a consolidation? How another trader defines it might be completely different. Same for trend, support, resistance, all kinds of patterns yada yada. Anything can be coded .... that is specifically defined. Nothing can be coded that isn't.

Great point! Yes I mean a price consolidation, trading in a tight range, with lower volume and the price does not really go outside the support and resistance.

Billiwon 

By "Consolidation" you mean as in ADX below a certain threshold? Or as in BollingerBand squeeze? Just plot them as indicators in your chart to show consolidation. Or include them as conditions in a strategy. ~Bill

I mean more of a price consolidation where it has a support and resistance and doesnt really go out side of those two. Normally will have lower volume within that range.

That is not what I meant. Mathematically specified.

Again like I said each of us determines what is support exactly , what is resistance exactly, what is a tight range exactly etc.

SunTrader 

That is not what I meant. Mathematically specified. Again like I said each of us determines what is support exactly , what is resistance exactly, what is a tight range exactly etc.

I would say the support would be the low of X bars back and that low remains the support as long as another low is X % within the low, so the low would go with say for example .05% above and below that low If a low is outside of that % then that is the new support to be tested. The Resistance would be the reverse but for the high. The ATR is descending or potentially even and the volume is lower then the average.

Here is the formula in Easylanguage of an Indicator inspired by Nicolas Darvas' technique, which plots supports and resistances:

https://www.mediafire.com/file/mekvo0lp0i01jnj/Darvas_Box.rar/file

but when I insert it in the chart, the image becomes very narrow, if someone can solve this problem:

[img]https://i.postimg.cc/g2KQK4ZL/Darvas-Box.jpg[/img]

before inserting the indicator, the chart has these dimensions:

[img]https://i.postimg.cc/qMx1fqM9/Ftse-Mib.jpg[/img]

Shaban 

Here is the formula in Easylanguage of an Indicator inspired by Nicolas Darvas' technique, which plots supports and resistances: https://www.mediafire.com/file/mekvo0lp0i01jnj/Darvas_Box.rar/file but when I insert it in the chart, the image becomes very narrow, if someone can solve this problem: [img]https://i.postimg.cc/g2KQK4ZL/Darvas-Box.jpg[/img] before inserting the indicator, the chart has these dimensions: [img]https://i.postimg.cc/qMx1fqM9/Ftse-Mib.jpg[/img]

Sorry but not going to download something I have no clue whether or not it is safe.

But try formatting indicator under scaling tab to (Scale On): Same Axis as Underlying Data.

Shaban 

Here is the formula in Easylanguage of an Indicator inspired by Nicolas Darvas' technique, which plots supports and resistances: https://www.mediafire.com/file/mekvo0lp0i01jnj/Darvas_Box.rar/file but when I insert it in the chart, the image becomes very narrow, if someone can solve this problem: [img]https://i.postimg.cc/g2KQK4ZL/Darvas-Box.jpg[/img] before inserting the indicator, the chart has these dimensions: [img]https://i.postimg.cc/qMx1fqM9/Ftse-Mib.jpg[/img]

You can change this in the data symbol settings. Right click chart, edit symbol, scaling, uncheck the expand range to include studies option.