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Please explain how to get from Priceactionswing indicator by the request from another indicator:
1. Most recent trough/peak value
2. Number of bars since it
3. 2nd most recent trough/peak value
2. Number of bars since it
Thank you for this great tool. I am attempting to install in NT8, fresh install, but getting an error on the SimpleFont textFont = new SimpleFont("Courier", 15);
YOU KNOW WHAT WOULD BE AN AWESOME FEATURE for the Price Action Swing indicator?
If it would count ALL the swing lengths of that day >>> and then give the total amount of TICKS in swings that the instrument traveled or moved that day.
That way we can compare the amount of ticks that you got at the end of the day >>> with the total amount of ticks that the market moved for that day or trading session.
for example let's just say hypothetically >>> a market is sideways >>> and also hypothetically >>> it only moved 3 'swings'.
It moved up 15 ticks.... down 20.... then up 15 again >>>> just throwing completely random numbers out there.
So this market moved 50 ticks total >>> 15 + 20 + 15 = 50 ticks.
Lets say you are a starting trader >>> and you were able to get the UP swings >>> then you have 30 ticks ( minus spread in real life... etc. )
So you got 30 ticks / 50 ticks = 60 % of the trading range / volume
if you are more professional then you would have also gotten the other direction and been closer to the 50 ticks.
So basically the goal is to keep getting higher and higher in percentage of ticks of the day.... or trading session. Like you trade only the U.S. Open Session
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
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, I think that might have been a capability in NT7 version as statistics. It could estimate average swing sizes for a period. Unfortunately it was not carried over to NT8 version.
Run NT7 and see if it is what you are looking for. IF so then maybe someone could either add it to PAS or create it as a new separate indicator which I would prefer.
I share my edition bc it'll take eternity to explain this. I use this in my strategies. Code is pretty simple really. Everything that marked as "garbage" is my code so you can compare to original.
Add this to your indicator/strategy:
Make own variables to call values like this:
//3. 2nd most recent trough/peak value
//2. Number of bars since it
You should use UpFlip and DownFlip.
Store your current swing low price/length/bar in another variable so when DownFlip == true it becomes your old swing low.
I think it's possible to access to historical swings high/low within PAS but honestly I don't know how. I use UpFlip/DownFlip and it's works like a song.
He is a pic of showing those flips. Red arrows are first bars of swing down. Green - swing up. Swing size == 7.