Kreslik.com - traders community since 2006

can some one help to find the explanation off this indicator?

Post a chart showing the indicator.

Are you sure you have the name right?

see i am sure

[code]

[LegacyColorValue = true];

{ _TRO_Dynamic_SRBounc }

{Attn: TradeStation
if this indicator is posted on the TradeStation Forum, I, TheRumpledOne, did NOT post it there,
so I can't be blamed for this indicator having my contact info.}


{Programmer: Avery T. Horton, Jr. aka TheRumpledOne,
gifts and donations accepted, PO Box 43575, Tucson, AZ 85733 }

{ ? Copyright 2007 Avery T. Horton, Jr.}

inputs:

iDecimals(2),

iMode("No"), { if "auto" code sets xPeriods, if not "auto" code uses iPeriods}
iDefault(false), // if true then load defaults from _fDYNAMIC_SR
iPeriods(05),
iResetSR(true), // if true reset dynamic s/r, if false don't for Forex use false!!
iStartDate(1070101), // if not intraday, date to start counting
iShowSR(false), // if true then display SR values

HighColor( red),
LowColor( blue);

variables:



xAppType(0), // cUnknown = 0 cChart = 1 cRadarScreen = 2 cOptionStation = 3


tTrade(""),

xTicker(GetSymbolName),
xDecimals(4),
xPriceThreshold(0),
xWidthThreshold(0),
xChannelBars(0),

xStartDate(iStartDate), // if not intraday, date to start counting

oExtremeVal( 0 ),
oExtremeBar( 0 ) ,

xBars( 0 ),

xOldPeriods(0),

xPeriods(05),
xInterval(0),
sFirstPass(true),
HavePrevLines( false ),
TLHigh( 0 ),
TLLow( 0 ),
Dynamic_R( 0 ),
Dynamic_S( 0 ),
OldDynamic_R( 0 ),
OldDynamic_S( 0 ),
PrevDynamic_R( 0 ),
PrevDynamic_S( 0 ) ;


variables:

FG1(black),
BG1(white),

fg2(black),
bg2(white),

fg3(white),
bg3(black),

fg4(white),
bg4(black),

Dynamic_UpVol( 0 ),
Dynamic_DnVol( 0 ) ,

PrevDynamic_UpVol( 0 ),
PrevDynamic_DnVol( 0 ) ;

{first time through}

if sFirstPass
then begin

sFirstPass = false;

xAppType = GetAppInfo(aiApplicationType); // cUnknown = 0 cChart = 1 cRadarScreen = 2 cOptionStation = 3


{mode test}

If iMode <> "Auto" and iMode <> "auto" and iMode <> "AUTO"
then xPeriods = iPeriods
else xPeriods = _fPushPeriods(xInterval);

{bar test}

If bartype = 4 // monthly
then begin
xInterval = 94;
xPeriods = 12;
end
else
If bartype = 3 // weekly
then begin
xInterval = 93;
xPeriods = 52;
end
else
If bartype = 2 // daily
then begin
xInterval = 92;
end
else
If bartype = 1 // intraday
then begin
xInterval = BarInterval;
end; { If bartype = 1 }


If iDefault
then begin
value1 = _fDynamic_SR_Load( xTicker, xPeriods , xDecimals , xPriceThreshold , xWidthThreshold , xChannelBars ) ;
end
else begin
xPeriods = iPeriods ;
end;

xOldPeriods = xPeriods ; // save this value

xStartDate = iStartDate ;

end; {if sFirstPass}

{ PROCESSING }


tTrade = "WAIT - T";


FG1 = WHITE;
BG1 = lightgray;

fg2 = WHITE;
bg2 = lightgray;

fg3 = yellow;
bg3 = black;

fg4 = black;
bg4 = lightgray;


If date this bar >= xStartDate
then begin

{save old values}

If Dynamic_R <> PrevDynamic_R
then OldDynamic_R = PrevDynamic_R;

If Dynamic_S <> PrevDynamic_S
then OldDynamic_S = PrevDynamic_S ;

OldDynamic_R = PrevDynamic_R ;
OldDynamic_S = PrevDynamic_S ;

PrevDynamic_R = Dynamic_R ;
PrevDynamic_S = Dynamic_S ;


{ high / low for period }


If d <> d[1]
then xBars = 0;

xBars = xBars + 1;

If xBars < xOldPeriods
and iResetSR
and xInterval < 92
then begin
xPeriods = xBars ; // start fresh each day
PrevDynamic_S = L ;
PrevDynamic_R = H ;
end
else begin
xPeriods = xOldPeriods ; // no reset
end;


oExtremeVal = Extremes( L, xPeriods, -1, Dynamic_S , oExtremeBar ) ; // lowest low

oExtremeVal = Extremes( H, xPeriods, 1, Dynamic_R , oExtremeBar ) ; // highest high


If Dynamic_R <> H
and Dynamic_R < PrevDynamic_R
then if PrevDynamic_R <> 0
then Dynamic_R = PrevDynamic_R;

If Dynamic_S <> L
and Dynamic_S > PrevDynamic_S
then if PrevDynamic_S <> 0
then Dynamic_S = PrevDynamic_S;




If Dynamic_S = Dynamic_S[1]
then begin
FG1 = blue;
// BG1 = BLACK;
end
else begin
FG1 = LowColor ;
// BG1 = BLACK;
end ;



If Dynamic_R = Dynamic_R[1]
then begin
FG2 = RED;
// BG2 = BLACK;
end
else begin
FG2 = HighColor ;
// BG2 = BLACK;
end ;

If low[2] = Dynamic_S[2]
then begin
FG3 = green;
tTrade = "WAIT - B";
end
else
If HIGH[2] = Dynamic_R[2]
then begin
FG3 = red;
tTrade = "WAIT - S";
end;


If low[1] = Dynamic_S[1]
and high > high[1]
then begin
FG4 = green;
FG3 = darkgreen;
BG3 = white;
tTrade = "BUY";
end
else
If HIGH[1] = Dynamic_R[1]
and low < low[1]
then begin
FG4 = red;
FG3 = red;
BG3 = white;
tTrade = "SHORT";
end;






if low = Dynamic_S
then bg1 = white
else if high = Dynamic_R
then bg2 = white;


{ plots }


{
if iShowSR
then begin

plot1(Dynamic_S, "Support", FG1 ) ;
SetPlotBGColor( 1, bg1);

plot2(Dynamic_R, "Resistance", FG2 ) ;
SetPlotBGColor( 2, bg2);
end;
}

if xAppType = 2
then begin
plot3( tTrade, "TRADE", FG3 ) ;
SetPlotBGColor( 3, bg3);
end ;


end; // If date >= xStartDate


if xAppType = 1
then begin
Plot4( -1 , "PMSM", fg4 ) ;
SetPlotBGColor( 4, bg4 );
end ;

CommentaryCl( "Dynamic_S: ", NumToStr( Dynamic_S , iDecimals) );

CommentaryCl( "Dynamic_R: ", NumToStr( Dynamic_R , iDecimals) );

werner,

The El code looks like a modified version of one of the _TRO_Dynamic_Range indicators. The S&R points are plotted in a sub-graph window instead of above and below the candles. It looks to me like someone used part of TRO's code and modified it to their liking. I would bet that TRO's EL code is modified by thousands of traders as it is so eloquently written.

tro,
i must have load it whit the mothetloads ...i have no other indicator loads...

yes, it's in the motherloads.

Wow.. I forgot about that one... so many indicators, so little memory...lol

It shows when price is bouncing off support or resistance.

so it can be used in combination with SHME dynamic SR?
if so ? do you know the settings for index futures?