RicardoSantos

[RS]Stop Hunt Levels V0

Request for SpreadEagle71:
Stop Hunt Levels adapted from:
http://www.investopedia.com/articles/forex/06/stophunting.asp
configuration:
smoothing: smooths/average the source higher value will remove spikes but delay the speed of adjusting
source: source to compare crossing lines.
Rounding Value: value space of the grid.
Entry Window Size: Space for entrys.
Remove from Favorite Scripts Add to Favorite Scripts
study(title='[RS]Stop Hunt Levels V0', overlay=true)
smoothing = input(title='Smoothing interval:', type=integer, defval=1)
src = ema(input(title='Source', type=source, defval=close), smoothing)
r_value = input(title='Rounding Value:', type=float, defval=0.0100)
w_size = input(title='Entry window size:', type=float, defval=0.0010)

fraction_top = ceil(src / r_value)
fraction_bot = floor(src / r_value)

top = r_value*fraction_top
bot = r_value*fraction_bot

h_top = top + w_size
l_top = top - w_size

h_bot = bot + w_size
l_bot = bot - w_size

fcolor = top != top[1]
plot(title='Upper Range:', series=top, color=fcolor?na:black, linewidth=2)
plot(title='Lower Range:', series=bot, color=fcolor?na:black, linewidth=2)

pht = plot(title='Upper Range Buy Line:', series=h_top, color=fcolor?na:lime, linewidth=2)
plt = plot(title='Upper Range Sell Line:', series=l_top, color=fcolor?na:red, linewidth=2)

phb = plot(title='Lower Range Buy Line:', series=h_bot, color=fcolor?na:lime, linewidth=2)
plb = plot(title='Lower Range Sell Line', series=l_bot, color=fcolor?na:red, linewidth=2)

fill(pht, plt, color=gray, transp=75)
fill(phb, plb, color=gray, transp=75)
wonderfull script, one question is there a way to make this work for futures or etfs it only shows on forex charts for me. thank you
Reply
@psi., theres no reason it wouldnt work. check if your doing everything right on your end.
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i would like to commend you on all your scripts a job well done. I have fav'd almost all of yours, thanks a lot
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When I load the script it looks nothing like the chart posted....
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G13Man RobbyWestHouston
post ur chart so he can see
Reply
My chart is at
snapshot
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RicardoSantos PRO RobbyWestHouston
its because of the dark theme is obfuscating the colors (recent technicality with transparency), try a lighter theme or change the color on the property's of the indicator
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squattter PRO RobbyWestHouston
for btc try, 1, 19, 3
Reply
I think this study has great promise but it would be nice if we could get some expert input from you on a few pairs to get us started. Can you recommend settings for these dissimilar major pairs: AUDUSD, USDCAD, GBPUSD? Thank you!
Reply
RicardoSantos PRO Alphaoptions
i dont use it :!, just made it for speadeagle71, wouldnt be much expertise there.
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