Hi, My name is Peter. I would like to develop an indicator. Not to complicated imo. I've sent some screenshots but let me know if you have any questions. 1. I am looking for areas where price made a significant reversal. Maybe you can add like a 1 % move or a 5% move up or down from that certain point. Then it would show an ellipse in that area (it does not have to be perfect just an ellipse that would cover the area (maybe it would be a couple ticks from high to low or vice versa), then it would pop up that ellipse if price got to that area again and let me be able to add in the parameter area how far back it would look for but default at 5 days. That would be if I am daytrading and looking at a 1 or 5 minute chart. If I use a 60 minute chart, obviously, it would have a longer lookback like 180 days or something. And an alarm for when the new ellipse pops up. See my video. I think its like 8 minutes or so. Disregard the prior name in the video (its just a friend) https://app.screencast.com/vEQa5iDY3Y06S I have not seen an indicator in ninja that counts pivot points until its too late like the zig zag that is is why I suggested a percentage bounce from the high or low. So if it bounces 1 percent, that counts. I can obviously change that number. Do you think this would work?
I I have not see one that is steady that is why I suggested a percentage bounce from the high or low. So if it bounces 1 percent, that counts. I can obviously change that number. Do you think this would work?
So I don’t want to use an indicator, just post an ellipse (I can change color, shape and size and when it bounces say any percent I input from that number. It draws an ellipse. Now when price in the future comes back to that area where the ellipse was before, it will print a new ellipse and I have the choice of an alarm going off. Does this make sense. Let me send a quick 1 minute video in my next email.it acts like a support and resistance but price really needs to move to draw that ellipse.
Do we have to use the zig zag indicator? I don’t really want to and in the video, please disregard the name I use.Or can you think of something else that would catch highs and lows and then when price retraces to those highs or lows it would print a ellipse.
See my video below.
https://app.screencast.com/XefAC5BMivvov
2024-10-23_11-23-43World's leading screen capture + recorder from Snagit + Screencast by Techsmith. Capture, edit and share profess...
I don’t want to use the zig zag but I get what its looking for but does it really matter? A 5 percent move up or down from any bar would be considered significant right. It doesn’t have to be a super low or high price. Just a big move away from like 6 percent or whatever number I put makes it look like a pivot point or support or resistance area.
So let me know if you need instructions but it will show a blue ellipse when price moves 5% or more from a spot and a magenta ellipse when price moves 5 % from a spot. Please use those colors and let me change them and the size I want and I can change the 5 percent numbers as well and then when price comes back to that area it will make an alarm sound (I can choose an alarm sound) and it will print a new ellipse, but this time it will be a gold ellipse so I can tell the difference but please let me be able to change the color and size if I don’t like the gold and the ellipse will cover the price bars - it will cover exactly the bottom price bar to the tick so I can place my stop there if price doesn’t bounce there and for the down moves ellipse, it will circle the very top of the price bar so I can place my stop one tick above the highest price bar for a stop.
If it doesn’t do what I want, maybe we can add the zig zag and play with it some more and of course, I will pay you for your time. Also, to make it look good, let’s have the ellipse cover 5 bars each to make it look nice and of course the middle price bar will be the highest or lowest, it can use the wick, it doesn’t have to close.
Also, can we add a volume section in the parameter area meaning if price at the time is above the 20 period moving average, it will show the blue or magenta ellipse, if it’s not above the volume, the ellipse will not show and please let me change the 20 or 50 number to play with it and see if it works
One last thing, the high or low of the wick or candle has to happen in the last 3 days can you make that as a default as well so I can change the days. Otherwise, if I out in ) days, there will be hundreds of signals (or I think there will be so please let me have a parameter I can play with to add days or make it like 1 day.
Sorry, one more last thing, the bar that it bounced say whatever number I put in there like 5 percent, meaning, if it doesn’t come back and test that area again for say 3 days, make it so it doesn’t count anymore - so it wont work that bar anymore - but can you let me change that number? Meaning, let’s default it at 3 - meaning after 3 days, it won’t work anymore or let me be able to change it if you can. For example, if I am swing trading and I want to see 30 days, I can input number, I know there will be a lot more lines and ellipses but can you do it? there is more work I am having you do and I know it will be more expensive than the first quite of $90 but let me know and if we can do this as soon as possible, that would be great. Please let me know if you are confident in this code and it may work? And maybe we will make some changes if it’s not but I just wanted to get your thoughts.
Can you please take a look at this quick 6-7 minute video that would explain one more thing I would like you to add
I promise, if you so a great job on this, I have so many others waiting for you and so many friends that need help building the strategies and indicators and I came across your name and you have been very nice and wit ha quick response, I hope we can have a long term relationship and I am telling you again, I have so many people looking for a good affordable indicator and strategy developer, they can't wait to use.
Everybody says they are too buys or it costs too much or its too hard to do or whatever, they have so many excuses. I really like you because you have good suggestions even if I told you that's exactly what I want and I really appreciate that as you are the main man. :) But seriously, I love good suggestions, even if I don't use them, you get me thinking, maybe if this is not working so well, we can try the zig zag indicator but at least we got to start somewhere.I look forward to your response and please watch this video.
https://app.screencast.com/UOyFZjgwBOsAJ
2024-10-27_16-54-38World's leading screen capture + recorder from Snagit + Screencast by Techsmith. Capture, edit and share profess...
Best,
Peter