squalou wrote:ok, here goes....
this one will draw S&R "zones" rather than individual levels;
It will group/aggregate individual S&R levels into a single "zone" when 2 different S&R levels are less than "
SR_Grouping_Range" pips away from each other.
- It also adds a "buffer" around each "zone" of
SR_Zone_Buffer pips each side.
So each SR level or zone now has a minimum of 2*SR_Zone_Buffer pips range.
- it also draws "price labels" at the right side of the SR zones, one at the top and one at the bottom, with a user selectable "SR_Price_Labels_size", for those who are having a hard time reading the Fib values.....
I have set it to display D1 SR zones only, 10 north + 10 south, to get a wider picture.
Here is how it looks like on EU with DaysBack set to 300 to show a "grouped SR zone":
the pink S1 zone is results from combining 2 nearby SR levels (+5p buffer):
as you can see, this "grouped SR zone" acted exactly as per the book:
- touch and bounce early this morning at market open: level acts as Resistance;
- re-test a bit later after about a 25 pips hook south,
- broke the level north by 35 pips, (several times, go to M5 to see the multiple re-tests)
- came back re-testing it several times from north side: now the level has clearly turned to Support: price SHOULD go up
- after the final re-test, we went north right to the next Resistance level at 3478-3488 zone.
Pretty reliable S/R pattern.... happens all the time!
2011-12-05_171045.gif
@Steve:
for the EA:
i have kept the same object names for the SR zones, however, these names now reference "Rectangle" objects representing the displayed zones, including the extra buffer-pips;
This means OBJPROP_PRICE1 will now get you the LOW value of the SR zone, not the "middle" price.
So now you have the choice to either:
- use a single SR zone "center" level by calculating
Code: Select all
D1R1 = ( ObjectGet(D1_R1, OBJPROP_PRICE1) + ObjectGet(D1_R1, OBJPROP_PRICE2) ) /2;
- or you can go with the High and Low separate values and change the EA to set the pending orders accordingly, typically buystop at D1_R1 High price (=OBJPROP_PRICE2), with TP set to next zone Low price (=OBJPROP_PRICE1 of D1_R2); etc.
You can retrieve the hi and low zone levels like this:
Code: Select all
void ReadIndicatorValues()
{
//Read the s/r levels drawn on the chart by sq's indi
D1R1_lo = ObjectGet(D1_R1, OBJPROP_PRICE1);
D1R1_hi = ObjectGet(D1_R1, OBJPROP_PRICE2);
D1R1 = ( D1R1_lo + D1R1_hi ) /2;
D1R2_lo = ObjectGet(D1_R2, OBJPROP_PRICE1);
D1R2_hi = ObjectGet(D1_R2, OBJPROP_PRICE2);
D1R2 = ( D1R2_lo + D1R2_hi ) /2;
D1S1_lo = ObjectGet(D1_S1, OBJPROP_PRICE1);
D1S1_hi = ObjectGet(D1_S1, OBJPROP_PRICE2);
D1S1 = ( D1S1_lo + D1S1_hi ) /2;
D1S2_lo = ObjectGet(D1_S2, OBJPROP_PRICE1);
D1S2_hi = ObjectGet(D1_S2, OBJPROP_PRICE2);
D1S2 = ( D1S2_lo + D1S2_hi ) /2;
}//void ReadIndicatorValues()
I hope this is clear enough...
I
think there is still a bug in the grouping algorithm, which sometimes may display the R zone nearest to PA too far away south when PA in
inside this zone...
I will try to track and fix it...
Unless someone else finds it first.
Sq
