I make Zero Balance Indicator for TS2000i.
Zero Blance indicator Larry Williams's indicator.
Please see his book "The definitive guide ot futures trading"
If you have interest, use it.
I want to draw line in future.
Do you know how to draw in future or left side of chart.
with TS2000i.
{*******************************************************************
Description : Zero Balance Indicator.
forecast_step is predict step value.
Please see
"The definitive guide ot futures trading"
Larry Williams (japanese: p.297)
Usage: Buy set up is that Zero balance line make
continous lower low by 3 times.
When Price crosses over Zero balance.
Sell set up is that Zero Balance line make
continous high high by 3 times.
When Price crosses under Zero Balance.
Parameter: forecast_step(3)
3: predict 3 step future's point. (default)
2: predict 2 step future's point.
1: predict 1 step future's point.
nakayama@swingwaver.com
********************************************************************}
Input: forecast_step(3);
Vars:
Length(7), { Length for IR Low/High }
IRLowbar(0),IRLowDitectBar(0),IRLow(0),
IRHighBar(0),IRHighDitectBar(0),IRHigh(0);
Vars:
status(1),
status_irlow(1),
status_irhigh(0),
Plotday(0),
previous_day(0);
Vars:
ii(0),ID(0);
Arrays:
IR[8](0),
ZeroBalance[4](0),
ThreeRule[4](0);
setplotcolor(3, red);
{ Definition of IR High/Low }
if BarNumber > Length then begin
condition1 = High > Highest(High,Length)[1];
condition2 = Low < Lowest(Low,Length)[1];
end;
{ Lowestbar(price,10) return bar number of ago that has
most lowest price for 10 bars. This is important }
if condition1 and status = status_irhigh then begin { To find IR Low }
IRLowDitectBar = BarNumber;
IRLowBar = LowestBar(Low, BarNumber-IRHighDitectBar+IRHighBar);
IRLow = Lowest(Low,BarNumber-IRHighDitectBar+IRHighBar);
status = status_irlow;
Plot1[IRLowBar](IRLow,"IR");
end;
{ Highestbar(price,10) return bar number of ago that has
most highest price for 10 bars. This is important }
if condition2 and status = status_irlow then begin { To find IR High }
IRHighDitectBar = BarNumber;
IRHighBar = highestbar(high,barnumber-IRLowDitectBar+IRLowBar);
IRHigh = highest(high,barnumber-IRLowDitectBar+IRLowBar);
status = status_irhigh;
Plot1[IRHighBar](IRHigh,"IR");
end;
if status <> status[1] then begin {for analyising}
For ii = 1 To Length begin { make room for new IR value}
IR[ii] = IR[ii+1];
end;
if status = status_irlow then begin { Collect IR values }
IR[Length + 1] = IRLow;
Plotday = IRLowBar; { Plot Zerobalance day }
end
else begin
IR[Length + 1] = IRHigh;
Plotday = IRHighBar; { Plot Zerobalance day }
end;
if IR[1] <> 0 then begin
{see p.299 and 306 of larry's book.}
ZeroBalance[1] = IR[4] + IR[3] - IR[1]; { 1 forecast. }
ZeroBalance[2] = IR[5] + IR[4] - IR[2]; { 2 forecast. }
ZeroBalance[3] = ZeroBalance[1] + IR[5] - IR[3]; { 3 forecast. }
for ii = 1 to 3 begin { make room for new forecast value}
ThreeRule[ii] = ThreeRule[ii+1];
end;
ThreeRule[4] = ZeroBalance[3];
condition3 = ThreeRule[2] >= ThreeRule[1] AND ThreeRule[3] >= ThreeRule[2] AND ThreeRule[4] >= ThreeRule[3];
condition4 = ThreeRule[2] <= ThreeRule[1] AND ThreeRule[3] <= ThreeRule[2] AND ThreeRule[4] <= ThreeRule[3];
{if ThreeRule[1] <> 0 then begin}
if condition3 or condition4 then begin
{setplotcolor(2,Green);}
Plot2[Plotday](ZeroBalance[3], "ZB");
end;
{end;}
if forecast_step = 1 and ZeroBalance[1] <> 0 then begin { 1 forecast. }
Plot3[Plotday](ZeroBalance[1], "ZB");
end;
if forecast_step = 2 and ZeroBalance[2] <> 0 then begin { 2 forecast. }
Plot3[Plotday](ZeroBalance[2], "ZB");
end;
if forecast_step = 3 and ZeroBalance[3] <> 0 then begin { 3 forecast. }
Plot3[Plotday](ZeroBalance[3], "ZB");
end;
previous_day=Plotday;
end;
end;
if date = LastCalcDate then begin
if IR[1] <> 0 then begin
{see p.299 and 306 of larry's book.}
ZeroBalance[1] = IR[4] + IR[3] - IR[1]; { 1 forecast. }
ZeroBalance[2] = IR[5] + IR[4] - IR[2]; { 2 forecast. }
ZeroBalance[3] = ZeroBalance[1] + IR[5] - IR[3]; { 3 forecast. }
for ii = 1 to 3 begin { make room for new forecast value}
ThreeRule[ii] = ThreeRule[ii+1];
end;
ThreeRule[4] = ZeroBalance[3];
condition3 = ThreeRule[2] >= ThreeRule[1] AND ThreeRule[3] >= ThreeRule[2] AND ThreeRule[4] >= ThreeRule[3];
condition4 = ThreeRule[2] <= ThreeRule[1] AND ThreeRule[3] <= ThreeRule[2] AND ThreeRule[4] <= ThreeRule[3];
{if ThreeRule[1] <> 0 then begin}
if condition3 or condition4 then begin
{setplotcolor(2,Green);}
Plot2(ZeroBalance[3], "ZB");
end;
{end;}
if forecast_step = 1 and ZeroBalance[1] <> 0 then begin { 1 forecast. }
Plot3(ZeroBalance[1], "ZB");
end;
if forecast_step = 2 and ZeroBalance[2] <> 0 then begin { 2 forecast. }
Plot3(ZeroBalance[2], "ZB");
end;
if forecast_step = 3 and ZeroBalance[3] <> 0 then begin { 3 forecast. }
Plot3(ZeroBalance[3], "ZB");
end;
previous_day=Plotday;
end;
end;
Zero Blance indicator Larry Williams's indicator.
Please see his book "The definitive guide ot futures trading"
If you have interest, use it.
I want to draw line in future.
Do you know how to draw in future or left side of chart.
with TS2000i.
{*******************************************************************
Description : Zero Balance Indicator.
forecast_step is predict step value.
Please see
"The definitive guide ot futures trading"
Larry Williams (japanese: p.297)
Usage: Buy set up is that Zero balance line make
continous lower low by 3 times.
When Price crosses over Zero balance.
Sell set up is that Zero Balance line make
continous high high by 3 times.
When Price crosses under Zero Balance.
Parameter: forecast_step(3)
3: predict 3 step future's point. (default)
2: predict 2 step future's point.
1: predict 1 step future's point.
nakayama@swingwaver.com
********************************************************************}
Input: forecast_step(3);
Vars:
Length(7), { Length for IR Low/High }
IRLowbar(0),IRLowDitectBar(0),IRLow(0),
IRHighBar(0),IRHighDitectBar(0),IRHigh(0);
Vars:
status(1),
status_irlow(1),
status_irhigh(0),
Plotday(0),
previous_day(0);
Vars:
ii(0),ID(0);
Arrays:
IR[8](0),
ZeroBalance[4](0),
ThreeRule[4](0);
setplotcolor(3, red);
{ Definition of IR High/Low }
if BarNumber > Length then begin
condition1 = High > Highest(High,Length)[1];
condition2 = Low < Lowest(Low,Length)[1];
end;
{ Lowestbar(price,10) return bar number of ago that has
most lowest price for 10 bars. This is important }
if condition1 and status = status_irhigh then begin { To find IR Low }
IRLowDitectBar = BarNumber;
IRLowBar = LowestBar(Low, BarNumber-IRHighDitectBar+IRHighBar);
IRLow = Lowest(Low,BarNumber-IRHighDitectBar+IRHighBar);
status = status_irlow;
Plot1[IRLowBar](IRLow,"IR");
end;
{ Highestbar(price,10) return bar number of ago that has
most highest price for 10 bars. This is important }
if condition2 and status = status_irlow then begin { To find IR High }
IRHighDitectBar = BarNumber;
IRHighBar = highestbar(high,barnumber-IRLowDitectBar+IRLowBar);
IRHigh = highest(high,barnumber-IRLowDitectBar+IRLowBar);
status = status_irhigh;
Plot1[IRHighBar](IRHigh,"IR");
end;
if status <> status[1] then begin {for analyising}
For ii = 1 To Length begin { make room for new IR value}
IR[ii] = IR[ii+1];
end;
if status = status_irlow then begin { Collect IR values }
IR[Length + 1] = IRLow;
Plotday = IRLowBar; { Plot Zerobalance day }
end
else begin
IR[Length + 1] = IRHigh;
Plotday = IRHighBar; { Plot Zerobalance day }
end;
if IR[1] <> 0 then begin
{see p.299 and 306 of larry's book.}
ZeroBalance[1] = IR[4] + IR[3] - IR[1]; { 1 forecast. }
ZeroBalance[2] = IR[5] + IR[4] - IR[2]; { 2 forecast. }
ZeroBalance[3] = ZeroBalance[1] + IR[5] - IR[3]; { 3 forecast. }
for ii = 1 to 3 begin { make room for new forecast value}
ThreeRule[ii] = ThreeRule[ii+1];
end;
ThreeRule[4] = ZeroBalance[3];
condition3 = ThreeRule[2] >= ThreeRule[1] AND ThreeRule[3] >= ThreeRule[2] AND ThreeRule[4] >= ThreeRule[3];
condition4 = ThreeRule[2] <= ThreeRule[1] AND ThreeRule[3] <= ThreeRule[2] AND ThreeRule[4] <= ThreeRule[3];
{if ThreeRule[1] <> 0 then begin}
if condition3 or condition4 then begin
{setplotcolor(2,Green);}
Plot2[Plotday](ZeroBalance[3], "ZB");
end;
{end;}
if forecast_step = 1 and ZeroBalance[1] <> 0 then begin { 1 forecast. }
Plot3[Plotday](ZeroBalance[1], "ZB");
end;
if forecast_step = 2 and ZeroBalance[2] <> 0 then begin { 2 forecast. }
Plot3[Plotday](ZeroBalance[2], "ZB");
end;
if forecast_step = 3 and ZeroBalance[3] <> 0 then begin { 3 forecast. }
Plot3[Plotday](ZeroBalance[3], "ZB");
end;
previous_day=Plotday;
end;
end;
if date = LastCalcDate then begin
if IR[1] <> 0 then begin
{see p.299 and 306 of larry's book.}
ZeroBalance[1] = IR[4] + IR[3] - IR[1]; { 1 forecast. }
ZeroBalance[2] = IR[5] + IR[4] - IR[2]; { 2 forecast. }
ZeroBalance[3] = ZeroBalance[1] + IR[5] - IR[3]; { 3 forecast. }
for ii = 1 to 3 begin { make room for new forecast value}
ThreeRule[ii] = ThreeRule[ii+1];
end;
ThreeRule[4] = ZeroBalance[3];
condition3 = ThreeRule[2] >= ThreeRule[1] AND ThreeRule[3] >= ThreeRule[2] AND ThreeRule[4] >= ThreeRule[3];
condition4 = ThreeRule[2] <= ThreeRule[1] AND ThreeRule[3] <= ThreeRule[2] AND ThreeRule[4] <= ThreeRule[3];
{if ThreeRule[1] <> 0 then begin}
if condition3 or condition4 then begin
{setplotcolor(2,Green);}
Plot2(ZeroBalance[3], "ZB");
end;
{end;}
if forecast_step = 1 and ZeroBalance[1] <> 0 then begin { 1 forecast. }
Plot3(ZeroBalance[1], "ZB");
end;
if forecast_step = 2 and ZeroBalance[2] <> 0 then begin { 2 forecast. }
Plot3(ZeroBalance[2], "ZB");
end;
if forecast_step = 3 and ZeroBalance[3] <> 0 then begin { 3 forecast. }
Plot3(ZeroBalance[3], "ZB");
end;
previous_day=Plotday;
end;
end;
