HammondB3

B3 Clear Method Streak Count

About Clear Method-- to repeat my prior post on the bar painter script:
This indicator is translated out of Technical Analysis of Stocks & Commodities , September 2010, (I take zero design credit). The script simply looks for the price action to break or "clear" the most recent action, and only changes the paintbar color if the action indeed clears the previous candles. Simple to use, just add to your chart from your favorites and change the colors in the UI. It does the rest.

This version can replace my previous Clear Method Bar Painter as it also paints the bars.
What is different is this share is a lower study that counts the streak of the bars shown via histogram.
The way to use the streak is to notice the previous streaks and get a sense of how long the current trend is lasting versus prior trends of the same direction.

@Tradestation recently posted their "price streak" study, and this one is quite similar in nature.

Enjoy, the code open to view,
_B3
d^.^b
Favori Komutlardan Çıkart Favori Komutlara Ekle
B3@SCRIPTaCHART.com ~ Email
http://www.virtuosotrader.com ~ Personal Blog (no ads)
http://www.SCRIPTaCHART.com ~ Custom Script Work

Yorumlar

mrgr888n HammondB3
@HammondB3, already watching it)
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definetely, it's not for scalping) Ur extended stoch is much better!)
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HammondB3 mrgr888n
@mrgr888n, Great point. The count is for long term analysis that isn't affected intraday so much. Intraday for clear method to work well I would say a fast chart is needed, even then, like you say, oscillators and moving averages likely serve you better scalping. I am glad you like the the other script for scalps.

Also, I am in need of bringing one of my favs for scalping to the Tview platform. I call it 3-Stox or some may call it Tri-Stoch. I will ping you when that one makes its way here. :)
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mrgr888n HammondB3
@HammondB3, ok, TY)
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dilace HammondB3
@HammondB3, Extended stoch are amazing, i love stoch systems in a trend. I'll be alert for this 3 stoch scalping, thanks! :)
Cevap Gönder
@dilace, this weekend's project :)
+1 Cevap Gönder
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