Gqman

Quarters Theory v1

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Quarters Theory automatically plotted for you on your chart. This theory is primary on forex pairs. Major quarters, Minor quarters, quarters, and hesitation zones all plotting. Please refer to the inputs on their color. (still having a fill issues with the hesitation zone)
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//@version=2
study("Quarters", overlay = true)
//based on Quarters Theory this is based mostly for forex trading applications
//Major Quarters every 250 pips
//Minor Quarters every 150 pips
//Quarters every 25 pips
//Hesitiation zones based on a +-75 pips of a major quarter

FirstBar = barstate.islast //calculating everything backwards so we don't have repainting issues plots on the current bar
//top1 = input(defval=105, type = float,title = "level of Major/Minor Quarter confluence value on the chart", confirm = true)
sq = input(true, title = "Show Quarters")
sm =  input(true, title = "Show Minor Quarters")
ShowM =  input(true, title = "Show Major Quarters")
hz = input(true, title = "Show Hesitiation Zones")
topprice = iff(FirstBar and highest(high,200),high,na)//high <= highest(high,50), high, na)// na(topprice[1]) ? high : high >= topprice[1] ? high : topprice[1] //valuewhen(high[0] > highest(high,200),high,1)  //
botprice = iff(FirstBar and lowest(low,200),low,na) //low <= lowest(low,50), low, na)//na(botprice[1]) ? low : low <= botprice[1] ? low : botprice[1]   //valuewhen(low[0] > lowest(low,200),low,1)
range = ((topprice - botprice) * .5)
anchor = botprice + range
primaryanchor = round(anchor / syminfo.pointvalue) //round(anchor / syminfo.pointvalue)
Major_q_increment = (2.5 * syminfo.pointvalue)

// creates Top Major quarters based on the highest value
Major_Plus2 = primaryanchor + (2 * Major_q_increment)
Major_Plus1 = primaryanchor + Major_q_increment
Major_line = primaryanchor
Major_Minus1 = primaryanchor - Major_q_increment
Major_Minus2 = primaryanchor - (2 * Major_q_increment)

Minor_q_increment = (1.5 * syminfo.pointvalue)

//calculates Top Minor quarters based on the highest value
Minor_Plus2 = primaryanchor + (2* Minor_q_increment)
Minor_Plus1 = primaryanchor + Minor_q_increment
Minor_Minus1 = primaryanchor - Minor_q_increment
Minor_Minus2 = primaryanchor - (2 * Minor_q_increment)

//calculates out the current quarter
current_quarter = round((close * syminfo.pointvalue))
Quarters_increment = (.25 * syminfo.pointvalue)

//calculates quarters from top value +5 on each side
Quarters_Plus5 = current_quarter + (4* Quarters_increment)
Quarters_Plus4 = current_quarter + (3* Quarters_increment)
Quarters_Plus3 = current_quarter + (2* Quarters_increment)
Quarters_Plus2 = current_quarter + ( Quarters_increment)
Quarters_1 = current_quarter
Quarters_Minus2 = current_quarter - ( Quarters_increment)
Quarters_Minus3 = current_quarter - (2 * Quarters_increment)
Quarters_Minus4 = current_quarter - (3 * Quarters_increment)
Quarters_Minus5 = current_quarter - (4 * Quarters_increment)

//calculates the hesitation zone
hestitation_increment = .75 * syminfo.pointvalue
Hest_2T = Major_Plus2 + hestitation_increment
Hest_2B = Major_Plus2 - hestitation_increment
Hest_1T = Major_Plus1 + hestitation_increment
Hest_1B = Major_Plus1 - hestitation_increment
Hest_BT = Major_line + hestitation_increment
Hest_BB = Major_line - hestitation_increment
Hest_L1T = Major_Minus1 + hestitation_increment
Hest_L1B = Major_Minus1 - hestitation_increment
Hest_L2T = Major_Minus2 + hestitation_increment
Hest_L2B = Major_Minus2 - hestitation_increment

//plots the major quarters
plot(ShowM and FirstBar ? Major_Plus2: na,"MLP2", color= orange, linewidth = 3, style = circles, trackprice = true)
plot(ShowM and FirstBar ? Major_Plus1: na,"MLP1", color= orange, linewidth = 3, style = circles, trackprice = true)
plot(ShowM and FirstBar ? Major_line: na,"MLD2", color= purple, linewidth = 3, style = circles, trackprice = true)
plot(ShowM and FirstBar ? Major_Minus1: na,"MM1", color= orange, linewidth = 3, style = circles, trackprice = true)
plot(ShowM and FirstBar ? Major_Minus2: na,"MM2", color= orange, linewidth = 3, style = circles, trackprice = true)

//plot the minor quarters
plot(sm and FirstBar ? Minor_Plus2 : na,"MP1", color= blue, linewidth = 2, trackprice = true)
plot(sm and FirstBar ? Minor_Plus1 : na,"MP1", color= blue, linewidth = 2, trackprice = true)
plot(sm and FirstBar ? Minor_Minus1 : na,"Mm1", color= blue, linewidth = 2, trackprice = true)
plot(sm and FirstBar ? Minor_Minus2 : na,"Mm2", color= blue, linewidth = 2, trackprice = true)

//plots the quarters
plot(sq and FirstBar ? Quarters_Plus5: na,"qp5", color= Quarters_Plus5 != Quarters_Plus5[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? Quarters_Plus4: na,"qp4", color= Quarters_Plus4 != Quarters_Plus4[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? Quarters_Plus3: na,"qp3", color= Quarters_Plus3 != Quarters_Plus3[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? Quarters_Plus2: na,"qp2", color= Quarters_Plus2 != Quarters_Plus2[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? current_quarter: na,"q",color= current_quarter != current_quarter[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? Quarters_Minus2: na,"qm2",color= Quarters_Minus2 != Quarters_Minus2[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? Quarters_Minus3: na,"qm3", color= Quarters_Minus3 != Quarters_Minus3[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? Quarters_Minus4: na,"qm4", color= Quarters_Minus4 != Quarters_Minus4[1] ? gray: na, linewidth = 1, trackprice = true)
plot(sq and FirstBar ? Quarters_Minus5: na,"qm5", color= Quarters_Minus5 != Quarters_Minus5[1] ? gray: na, linewidth = 1, trackprice = true)

//plots hestitation zone
HH2T = plot(hz and FirstBar ? Hest_2T: na,"H2T", linewidth = 1, color= gray, trackprice = true)
HH2B = plot(hz and FirstBar ? Hest_2B: na,"H2B", linewidth = 1, color= gray, trackprice = true)
HH1T = plot(hz and FirstBar ? Hest_1T: na,"H1T", linewidth = 1, color= gray, trackprice = true)
HH1B = plot(hz and FirstBar ? Hest_1B: na,"H1B", linewidth = 1, color= gray, trackprice = true)
HHT = plot(hz and FirstBar ? Hest_BT: na,"MT", linewidth = 1, color= gray, trackprice = true)
HHB = plot(hz and FirstBar ? Hest_BB: na,"MB", linewidth = 1, color= gray, trackprice = true)
HL1T = plot(hz and FirstBar ? Hest_L1T: na,"L1T", linewidth = 1, color= gray, trackprice = true)
HL1B = plot(hz and FirstBar ? Hest_L1B: na,"L1B", linewidth = 1, color= gray, trackprice = true)
HL2T = plot(hz and FirstBar ? Hest_L2T: na,"L2T", linewidth = 1, color= gray, trackprice = true)
HL2B = plot(hz and FirstBar ? Hest_L2B: na,"L2B", linewidth = 1, color= gray, trackprice = true)

fill(HH2T, HH2B, color = gray, transp = 50, title = "Major 2 Top zone", editable = true)
fill(HH1T, HH1B, color = gray, transp = 50, title = "Major 1 Top zone", editable = true)
fill(HHT, HHB, color = gray, transp = 50, title = "Major Primary zone", editable = true)
fill(HL1T, HL1B, color = gray, transp = 50, title = "Major 1 Low zone", editable = true)
fill(HL2T, HL2B, color = gray, transp = 50, title = "Major 2 Low zone", editable = true)
This script was updated: Quarters v2
I love Tradingview and enjoy sharing my swing trading ideas. I currently run APA Zones which is a trading company that promotes support and resistance zones - supply and demand zones - trading and trendfollowing techniques. https://apazones.com
Gqman PRO
4 months ago
You can find the V2 version here:
Quarters v2
Reply
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