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    DR Strategy

    Uploaded by

    Swathy Rai
    The document contains code for calculating pivot points and average daily ranges (ADRs) on daily and weekly timeframes. It defines variables for high, low, close prices from the previous 1-10 days/weeks and calculates pivot points, ADRs, and support and resistance levels. Filter conditions are defined to identify potential entry signals when the daily range is small or large relative to average ranges.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd

    DR Strategy

    Uploaded by

    Swathy Rai
    290 views3 pages
    The document contains code for calculating pivot points and average daily ranges (ADRs) on daily and weekly timeframes. It defines variables for high, low, close prices from the previous 1-10 days/weeks and calculates pivot points, ADRs, and support and resistance levels. Filter conditions are defined to identify potential entry signals when the daily range is small or large relative to average ranges.

    Original Title

    DR_STRATEGY

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    The document contains code for calculating pivot points and average daily ranges (ADRs) on daily and weekly timeframes. It defines variables for high, low, close prices from the previous 1-10 days/weeks and calculates pivot points, ADRs, and support and resistance levels. Filter conditions are defined to identify potential entry signals when the daily range is small or large relative to average ranges.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    290 views3 pages

    DR Strategy

    Uploaded by

    Swathy Rai
    The document contains code for calculating pivot points and average daily ranges (ADRs) on daily and weekly timeframes. It defines variables for high, low, close prices from the previous 1-10 days/weeks and calculates pivot points, ADRs, and support and resistance levels. Filter conditions are defined to identify potential entry signals when the daily range is small or large relative to average ranges.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 3
    At a glance
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    The code is calculating pivot point levels and ranges on different timeframes (daily, weekly) as well as analyzing the daily range and adding it as columns for further analysis.

    The PIVOT BOSS indicator is calculating pivot point levels (R1, R2, R3, R4 and S1, S2, S3, S4) on the daily and weekly timeframes based on the high, low and close of previous periods.

    The different sections are calculating: 1) daily pivot points and range analysis, 2) current daily pivot points, 3) previous weekly pivot points, 4) current weekly pivot points, and 5) additional exploratory calculations.

    // PIVOTBOSS ADR - USE IN DAILY PLUS TF.

    // PIVOT BOSS PIVOTS

    _SECTION_BEGIN("PIVOT BOSS ADR");


    GraphLabelDecimals = 2;

    dys = Param("days",1,1,10,1);
    //hi = Max(TimeFrameGetPrice("H",inDaily,0),TimeFrameGetPrice("H",inDaily,-1)); //
    Ref(HHV(H,dys),0);
    //lo = Min(TimeFrameGetPrice("L", inDaily,0),TimeFrameGetPrice("L",inDaily,-
    1));; //Ref(LLV(L,dys),0);
    //hi1 = Max(TimeFrameGetPrice("H",inDaily,0),TimeFrameGetPrice("H",inDaily,0)); //
    Ref(HHV(H,dys),0);
    //lo1 = Min(TimeFrameGetPrice("L",
    inDaily,0),TimeFrameGetPrice("L",inDaily,0));; //Ref(LLV(L,dys),0);

    hi = H; //HHV(H,dys); //Ref(HHV(H,dys),0);
    lo = L; //LLV(L,dys); //Ref(LLV(L,dys),0);
    hi1 = Ref(HHV(H,dys),0);
    lo1 = Ref(LLV(L,dys),0);

    DR = (hi-lo);

    ADR10 = MA(dr,10);

    ADR5 = MA(dr,5);

    EX = ADR10 * 1.25;
    CM = ADR10 * 0.65;

    BARCOL = IIf(DR < CM,colorYellow,IIf(DR > EX, colorWhite,colorGreen));


    Plot(DR,"DRn",barcol,styleHistogram|styleThick, Null, Null, 0, 0, 5);
    Plot(EX,"ADR1.25",COLORWHITE,styleLINE,styleThick,0,0,3);
    Plot(CM,"ADR0.65",colorBrightGreen,styleLINE,styleThick,0,0,3);
    Plot(0,"",colorWhite,styleLine);
    TRENDPOTENTIAL = DR < CM;
    _SECTION_END();

    // PIVOT BOSS PIVOTS


    _SECTION_BEGIN("8_PIVOT BOSS PIVOTS");
    C1= TimeFrameGetPrice("C", inDaily, -1); // close
    H1= TimeFrameGetPrice("H", inDaily, -1); // close
    L1= TimeFrameGetPrice("L", inDaily, -1); // close
    Today = LastValue(Day());
    R4 = H1+(H1-L1);
    R3 = H1+(H1-L1)*0.75;
    R2 = H1+(H1-L1)*0.50;
    R1 = H1+(H1-L1)*0.25;
    Pp = ( H1+ L1 + C1 )/3;
    S1 = L1-(H1-L1)*0.25;
    S2 = L1-(H1-L1)*0.50;
    S3 = L1-(H1-L1)*0.75;
    S4 = L1-(H1-L1);
    BC = (H1+L1)/2;
    TC = (Pp-BC)+Pp;
    PR = IIf(BC>TC,(BC-TC)*100/TC,(TC-BC)*100/BC);
    DPRUP = IIf(BC>TC,BC,TC);
    DPRDN = IIf(BC<TC,BC,TC);
    _SECTION_END();

    _SECTION_BEGIN("PIVOT BOSS PIVOTS CURRENT");


    TC1= TimeFrameGetPrice("C", inDaily, 0); // close
    TH1= TimeFrameGetPrice("H", inDaily, 0); // close
    TL1= TimeFrameGetPrice("L", inDaily, 0); // close
    Today = LastValue(Day());
    TR4 = TH1+(TH1-TL1);
    TR3 = TH1+(TH1-TL1)*0.75;
    TR2 = TH1+(TH1-TL1)*0.50;
    TR1 = TH1+(TH1-TL1)*0.25;
    TPp = ( TH1+ TL1 + TC1 )/3;
    TS1 = TL1-(TH1-TL1)*0.25;
    TS2 = TL1-(TH1-TL1)*0.50;
    TS3 = TL1-(TH1-TL1)*0.75;
    TS4 = TL1-(TH1-TL1);
    TBC = (TH1+TL1)/2;
    TTC = (TPp-TBC)+TPp;
    TPR = IIf(TBC>TTC,(TBC-TTC)*100/TTC,(TTC-TBC)*100/TBC);
    TDPRUP = IIf(TBC>TTC,TBC,TTC);
    TDPRDN = IIf(TBC<TTC,TBC,TTC);
    _SECTION_END();

    _SECTION_BEGIN("W_PIVOT BOSS PIVOTS");


    WC1= TimeFrameGetPrice("C", inWeekly, -1); // close
    WH1= TimeFrameGetPrice("H", inWeekly, -1); // close
    WL1= TimeFrameGetPrice("L", inWeekly, -1); // close
    WR4 = WH1+(WH1-WL1);
    WR3 = WH1+(WH1-WL1)*0.75;
    WR2 = WH1+(WH1-WL1)*0.50;
    WR1 = WH1+(WH1-WL1)*0.25;
    WPp = ( WH1+ WL1 + WC1 )/3;
    WS1 = WL1-(WH1-WL1)*0.25;
    WS2 = WL1-(WH1-WL1)*0.50;
    WS3 = WL1-(WH1-WL1)*0.75;
    WS4 = WL1-(WH1-WL1);
    WBC = (WH1+WL1)/2;
    WTC = (WPp-WBC)+WPp;
    WPR = IIf(WBC>WTC,(WBC-WTC)*100/WTC,(WTC-WBC)*100/WBC);
    WDPRUP = IIf(WBC>WTC,WBC,WTC);
    WDPRDN = IIf(WBC<WTC,WBC,WTC);
    _SECTION_END();

    _SECTION_BEGIN("W_PIVOT BOSS PIVOTS CURRENT");


    WTC1= TimeFrameGetPrice("C", inWeekly, 0); // close
    WTH1= TimeFrameGetPrice("H", inWeekly, 0); // close
    WTL1= TimeFrameGetPrice("L", inWeekly, 0); // close
    WTR4 = WTH1+(WTH1-WTL1);
    WTR3 = WTH1+(WTH1-WTL1)*0.75;
    WTR2 = WTH1+(WTH1-WTL1)*0.50;
    WTR1 = WTH1+(WTH1-WTL1)*0.25;
    WTPp = ( WTH1+ WTL1 + WTC1 )/3;
    WTS1 = WTL1-(WTH1-WTL1)*0.25;
    WTS2 = WTL1-(WTH1-WTL1)*0.50;
    WTS3 = WTL1-(WTH1-WTL1)*0.75;
    WTS4 = WTL1-(WTH1-WTL1);
    WTBC = (WTH1+WTL1)/2;
    WTTC = (WTPp-WTBC)+WTPp;
    WTPR = IIf(WTBC>WTTC,(WTBC-WTTC)*100/WTTC,(WTTC-WTBC)*100/WTBC);
    WTDPRUP = IIf(WTBC>WTTC,WTBC,WTTC);
    WTDPRDN = IIf(WTBC<WTTC,WTBC,WTTC);
    _SECTION_END();

    _SECTION_BEGIN("EXPLORATION");
    NH = Ref(H,1);
    NL = Ref(L,1);
    RNG = Ref(H,1) - Ref(L,1);
    RNGP = RNG*100/NL;
    HP = TDPRDN > DPRUP;
    LP = TDPRUP < DPRDN;
    IP = TDPRUP < DPRUP AND TDPRDN > DPRDN;
    WHP = WTDPRDN > WDPRUP;
    WLP = WTDPRUP < WDPRDN;
    WIP = WTDPRUP < WDPRUP AND WTDPRDN > WDPRDN;
    MMA = C > EMA(C,20);
    MMB = C < EMA(C,20);

    Filter = DR < CM AND C > 100; // (DR <= CM AND C > 100 AND C < 500000 AND DR/CM >0)
    OR (DR1 <= CM1 AND C > 100 AND C < 500000 AND DR1/CM1 >0) OR (DR >= EX AND C > 100
    AND C < 500000) OR (DR1 >= EX1 AND C > 100 AND C < 500000 );
    AddColumn(C,"CMP",1.2);
    AddColumn(DR,"1DR",1.2);
    AddColumn(CM,"10DR0.65",1.2);
    AddColumn(DR/CM,"RATIO_CONT",1.2);
    AddColumn(DR<=CM,"DR<CM",1.2);
    AddColumn(CM, "1st tgt addon", 1.2);
    AddColumn(ADR10 * 0.75, "2nd tgt addon", 1.2);
    AddColumn(ADR10 * 1, "3rd tgt addon", 1.2);
    AddColumn(ADR10 * 1.25, "4th tgt addon", 1.2);

    _SECTION_END();

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