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  • Drummond Charting

    As I said I am not a coder in Java and I have been looking for someone to help create efs files for envelopes and pldots according to drummond. The formulas are the following:


    PLDOT = ( [H(1)+L(1)+C(1)]/3 + [H(2)+L(2)+C(2)]/3 + [H(3)+L(3)+C(3)]/3 )/3 where H(1) = the high of one time period back i.e. (one bar back), H(2) = the high of the 2 time periods back i.e. (2 bars back), H(3) = the high of 3 time periods back i.e. (3 bars back),....., etc.

    PLDOT DYNAMIC (PLDOTD) = ( [H(0)+L(0)+C(0)]/3 + [H(1)+L(1)+C(1)]/3 + [H(2)+L(2)+C(2)]/3 )/3 where H(0) = current time period i.e. (current bar), H(1) = one time period back i.e. ( one bar back), H(2) = the high of 2 time periods back i.e. (2 bars back) ,....., etc.


    The following formulas are for the creation of the envelopes:

    A) 1-1 dot = (High + Low + Close) / 3
    B) 1-1 High = (1-1dot multiply by 2) - Low
    C) 1-1 Low = (1-1 dot multiply by 2 ) - High

    ENVELOPE TOP (ETOP) = (1-1 H1 + 1-1 H2 + 1-1 H3) / 3 where 1-1 H1 = [ (H(1) + L(1) + C(1))/3 * 2 ] - L(1),....., etc. H(1) = the high of one period back i.e. (one bar back),....,etc.

    ENVELOPE BOTTOM (EBOT) = (1-1 L1 + 1-1 L2 + 1-1 L3) / 3 where 1-1 L1 = [ (H(1) + L(1) + C(1))/3 * 2] - H(1),...., etc.

    ENVELOPE TOP DYNAMIC (ETOPD) = (1-1 H0 + 1-1 H1 + 1-1 H2) / 3 where 1-1 H0 = [ (H(0) + L(0) + C(0))/3 * 2 ] - L(0),....., etc. H(0) = the high of the current time period i.e. (current bar ),....,etc.

    ENVELOPE BOTTOM DYNAMIC (EBOTD) = (1-1 L0 + 1-1 L1 + 1-1 L2) / 3 where 1-1 L0 = [ (H(0) + L(0) + C(0))/3 * 2] - H(0),...., etc.


    There should be 6 different efs files for the formulas written in bold letters. Nevertheless, if you can create the dynamic formulas with a shift capabilty you only have to build 3 efs files. By shift capability, I mean that you can shift foward or backward the indicator on the chart that is overlayed.

    Thanks,

    Hiram
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