cycles indicator - Trading Software

cycles indicator

Dan
2011-01-30 15:18:50

Hello,

I am wishing to create an indicator that calculates the number of bars between two clicks on the chart.
I'd be gratefull to realize what formula to do this calculation by fetching mouse clicks on the chart
Please shed light :)

QuantShare
2011-01-31 04:55:37

You can draw a line or a trendline (drawing tools), right click on it, select "Distances" then check "X Distance"

Dan
2011-02-03 10:25:06

I am interested in writing a code wich calculates the number of bars between two clicks on chart and storing the value in a variable so i can design my indicator

QuantShare
2011-02-04 05:50:00

You can do this by creating a custom drawing tool.

What is the function of the indicator you want to create?

Dan
2011-02-08 21:21:19

Gurus,
Thank you on helping me realizing I'm up to create a "Custom Drawing Tool" rather than an "Indicator".
This drawing tool will calculate the average of distances taken from pairs of clicks on the chart,
so for every pair of clicks the distance of vector "X" is calculated and added to the "average" variable

Now, I can calculate only the 1st clicking distance with:

PointPosition p1 = Functions.ClickPositions[0];
PointPosition p2 = Functions.ClickPositions[1];

double distance = Math.Abs(p1.X - p2.X);

What is the code to add these distances to my "average" variable?

QuantShare
2011-02-09 04:54:34

Best Answer

Here is an example:

bool isNewPair = false;
if(Functions.ClickPositions.Length == 0)
{
Global.SetVariable("count_distance", (double)0);
Global.SetVariable("average_distance", (double)0);
Global.SetVariable("last_click", 0);
return;
}
else if(Math.IEEERemainder(Functions.ClickPositions.Length, 2) == 0)
{
isNewPair = true;
}

string textDis = "";
if(isNewPair)
{
int lastClickIndex = Functions.ClickPositions.Length - 1;
PointPosition p1 = Functions.ClickPositions[lastClickIndex - 1];
PointPosition p2 = Functions.ClickPositions[lastClickIndex];
double distance = Math.Abs(p1.X - p2.X);
double avgDistance = 0;

if((int)Global.GetVariable("last_click") != lastClickIndex)
{
double count = 0;
if(Global.ContainsVariable("average_distance"))
{
count = (double)Global.GetVariable("count_distance");
avgDistance = (double)Global.GetVariable("average_distance");

avgDistance = avgDistance * count; // Calculate total distances
}

count = count + 1;
avgDistance = avgDistance + distance;
avgDistance = avgDistance / count;

Global.SetVariable("count_distance", count);
Global.SetVariable("average_distance", avgDistance);
Global.SetVariable("last_click", lastClickIndex);
}
else
{
avgDistance = (double)Global.GetVariable("average_distance");
}

textDis = "Last Distance: " + distance + " - Average: " + Math.Round(avgDistance, 2);
}
else
{
textDis = "Click on Chart";
}

TextObj text = Functions.PaneObject.DrawText("Distance", textDis, 0, 0.95);
text.UseFractionCoordinate = true;

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