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OmniTrader Professional Forum OmniScripts indicator of wave trader as a signal		Last Activity 9/1/2024 11:18 PM 16 replies, 1308 viewings

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beech pilot

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Subject : indicator of wave trader as a signal
Posted : 4/16/2022 9:52 AM
Post #31998

would like to add to the indicator when the ema 9 crosses the pricetrendline as a system as of now the indicator plots a price and bar when the wave changes color, i would like to change it as a indicator into a system thanks
#Indicator

dim s as string

s = cstr(c[1])

If (CAW_ZZ(2.5,14) > 0 and CAW_ZZ(2.5,14)[1] < 0) then
PlotText("WTChange", C-(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)

Else If (CAW_ZZ(2.5,14) < 0 and CAW_ZZ(2.5,14)[1] > 0)then
PlotText("WTChange", c+(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)

End If

Return 0 ' Return the value calculated by the indicator

[Edited by beech pilot on 4/16/2022 9:59 AM]

Attached file : 4-16-2022 7-42-40 AM.jpg (182KB - 233 downloads)

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Jim Dean

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 10:40 AM
Post #31999 - In reply to #31998

I couldn’t really follow the first part of your post - sort of garbled. But here’s how you change the indicator you provided into a system. Maybe that will get you started.

#system

dim s as string

s = cstr(c[1])

If (CAW_ZZ(2.5,14) > 0 and CAW_ZZ(2.5,14)[1] < 0) then
PlotText("WTChange", C-(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)
Signal = LongSignal

Else If (CAW_ZZ(2.5,14) < 0 and CAW_ZZ(2.5,14)[1] > 0)then
PlotText("WTChange", c+(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)
Signal = ShortSignal

End If

[Edited by Jim Dean on 4/16/2022 10:43 AM]

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 10:54 AM
Post #32000 - In reply to #31998

Thanks Jim. however it will not compile here is what i get

Attached file : 4-16-2022 8-53-53 AM.jpg (47KB - 216 downloads)

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Jim Dean

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 12:47 PM
Post #32001 - In reply to #32000

Please use the corrected code. Was still waking up when I first posted. Sorry about that.

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 12:57 PM
Post #32002 - In reply to #32001

Thanks Jim is it possible to get the longsignal to occur when the ema9 > pricetrendline and short signal when ema9 < pricetrendline pic included

Attached file : 4-16-2022 10-55-19 AM.jpg (57KB - 218 downloads)

Attached file : 4-16-2022 10-55-19 AM.jpg (57KB - 195 downloads)

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Jim Dean

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 1:21 PM
Post #32003 - In reply to #31999

I don’t recall the syntax for “pricetrendline” - not sure what plug-in it comes from. But here is “pseudocode” for what you asked - you’ll need to replace pricetrendline with whatever syntax and params you prefer.

#system

dim s as string

s = cstr(c[1])

If (CAW_ZZ(2.5,14) > 0 and CAW_ZZ(2.5,14)[1] < 0 and EMA(9) > pricetrendline ) then
PlotText("WTChange", C-(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)
Signal = LongSignal

Else If (CAW_ZZ(2.5,14) < 0 and CAW_ZZ(2.5,14)[1] > 0 and EMA(9) < pricetrendline ) then
PlotText("WTChange", c+(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)
Signal = ShortSignal

End If

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 2:09 PM
Post #32004 - In reply to #31998

the pricetrendline is the horizontal blue line. PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3) unfortunately i dont know what that would be to give it that condition

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Jim Dean

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 2:53 PM
Post #32005 - In reply to #32003

Ah ok. Simple. That line is just at the closing price of the current bar.

#system

dim s as string

s = cstr(c[1])

If (CAW_ZZ(2.5,14) > 0 and CAW_ZZ(2.5,14)[1] < 0 and EMA(9) > C ) then
PlotText("WTChange", C-(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)
Signal = LongSignal

Else If (CAW_ZZ(2.5,14) < 0 and CAW_ZZ(2.5,14)[1] > 0 and EMA(9) < C ) then
PlotText("WTChange", c+(2*ATR(14)), s)
PlotPriceTrendLine( "Level", BAR, Close, BAR+20, close, blue, 3)
Signal = ShortSignal

End If

[Edited by Jim Dean on 4/16/2022 2:53 PM]

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Jim Dean

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 2:56 PM
Post #32006 - In reply to #32005

Please note that your snapshot captions appear to be BACKWARDS from what the signal triangle is indicating.
If you want the code to match your drawing and not your posted description, reverse the > and < in the EMA(9) clauses.

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 3:00 PM
Post #32007 - In reply to #32005

unfortunately still not correct

Attached file : 4-16-2022 12-59-12 PM.jpg (81KB - 201 downloads)

Attached file : 4-16-2022 12-59-12 PM.jpg (81KB - 191 downloads)

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 3:02 PM
Post #32008 - In reply to #32006

ok i will try this

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 3:14 PM
Post #32009 - In reply to #32008

systems arrows do not plot at the blue line when ema9 > or < the C or blue line they plot at wave change still

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Jim Dean

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 5:51 PM
Post #32010 - In reply to #32009

I can’t decipher what you are saying.

Why not try modifying the code yourself a bit?

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/16/2022 8:25 PM
Post #32011 - In reply to #32010

thanks Jim for the help what you have done i will seek another avenue to get this finished,

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Ryan Olson

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Subject : RE: indicator of wave trader as a signal
Posted : 4/18/2022 4:46 PM
Post #32012 - In reply to #31998

Beech Pilot -

I think I get what you are looking for - some of this was a bit confusing as PlotPrice is only a visual plot however, since it was using the close price of the “Color Change” bar, we simply need to store that in a variable to be used later.

Hope this helps.

#system

#Param "Extend", 3
#Param "Periods", 9
dim level as single
dim s as string

s = cstr(c[1])

if CAW_ZZ(2.5,14) = -1 and CAW_ZZ(2.5,14)[1] = 1 then
level = C
PlotPriceTrendLine( "Level", BAR, Close, BAR+Extend, close, blue, 3)
End if

If CAW_ZZ(2.5,14) = -1 and EMA(Periods) > level and EMA(Periods)[1] < level then
PlotText("WTChange", C-(2*ATR(14)), s)
Signal = LongSignal
end if

if CAW_ZZ(2.5,14) = 1 and CAW_ZZ(2.5,14)[1] = -1 then
level = C

PlotPriceTrendLine( "Level", BAR, Close, BAR+Extend, close, blue, 3)
End if

If CAW_ZZ(2.5,14) = 1 and EMA(Periods) < level and EMA(Periods)[1] > level then
PlotText("WTChange", C-(2*ATR(14)), s)
Signal = ShortSignal
end if

Plotprice("EMA", EMA(Periods), blue, 3)

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beech pilot

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Subject : RE: indicator of wave trader as a signal
Posted : 4/18/2022 9:12 PM
Post #32013 - In reply to #31998

100 percent what i needed . You nailed it perfectly Ryan. Obviously the pics were very straight forward thanks a ton

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nawaz

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Subject : RE: indicator of wave trader as a signal
Posted : 9/1/2024 11:18 PM
Post #32483 - In reply to #31998

thank you

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