momentum dots

[vienna]

Good Morning Forum!!

I wa s looking to this page : http://electroniclocal.blogspot.com/


he is useing mom dots in the chart.

the formular is here : http://electroniclocal.blogspot.com/...-settings.html


MomDots(HI.2+LO.2+CL.2)/3 + (HI.4+LO.4+CL.4)/3 + (HI.3+LO.3+CL.3)/3)/3;


on the picture you see the little dots near the candles.

picture: http://www.charthub.com/images/2010/01/19/25_DT1.png


so is there enybody in the forum who can do this formular for efs?
that would be very very nice.


thanks

[ACM]

Re: momentum dots

vienna
You don't actually need an efs. Just use a Basic Studies simple moving average of the (H+L+C)/3 set to a length of 3 periods and offset forward by 2 periods
Alex

Originally posted by vienna
Good Morning Forum!!

I wa s looking to this page : http://electroniclocal.blogspot.com/


he is useing mom dots in the chart.

the formular is here : http://electroniclocal.blogspot.com/...-settings.html


MomDots(HI.2+LO.2+CL.2)/3 + (HI.4+LO.4+CL.4)/3 + (HI.3+LO.3+CL.3)/3)/3;


on the picture you see the little dots near the candles.

picture: http://www.charthub.com/images/2010/01/19/25_DT1.png


so is there enybody in the forum who can do this formular for efs?
that would be very very nice.


thanks

[codehead]

Re: momentum dots

Originally posted by vienna
MomDots(HI.2+LO.2+CL.2)/3 + (HI.4+LO.4+CL.4)/3 + (HI.3+LO.3+CL.3)/3)/3;

Roughly speaking, it's this:

/*
    momdots--rough draft
    
    Feb 08, 2010 codehead
*/

function preMain() {
    setPriceStudy(true);
    setComputeOnClose();
    setStudyTitle("momdots");
}

function main() {
    momdot = (high(-2) + low(-2) + close(-2)
        + high(-3) + low(-3) + close(-3)
        + high(-4) + low(-4) + close(-4)) / 9;

    drawShapeRelative(0, momdot, Shape.CIRCLE, null, Color.blue, Shape.ONTOP);
} 

I say "roughly" because I'm not sure of some details. For instance, the code would be a little different depending on whether it's being updated tick-by-tick on the current bar, and whether it gets plotted on the last-completed bar (in which case you'd want to replace the "0" with "-1" on the last line). Also, I'm assuming that ".2" is two bars ago, but it could the previous bar.

[vienna]

mom dots

Thats perfect!

its exactly what i want and with 1 in the last row its real time.

THANK YOU VERY MUCH !!!!!!

[vienna]

thanks ALEX

yes it works also with forward 3, gives the same result.


tks

[codehead]

Re: mom dots

Originally posted by vienna
Thats perfect!

its exactly what i want and with 1 in the last row its real time.

THANK YOU VERY MUCH !!!!!!

Great--you're welcome!

It occurred to me that you might want to check the calculated value with the cursor, so I modified it to show that dot as a plot instead of as a drawn object. This way, that value will appear in the cursor data window:

/*
    momdots
    
    Feb 08, 2010 codehead
*/

function preMain() {
    setPriceStudy(true);
    setStudyTitle("momdots");
    setCursorLabelName("momdot", 0);
    setComputeOnClose();
    setPlotType(PLOTTYPE_CIRCLE, 0);
    setDefaultBarThickness(3, 0);
}

function main() {
    momdot = (high(-2) + low(-2) + close(-2)
        + high(-3) + low(-3) + close(-3)
        + high(-4) + low(-4) + close(-4)) / 9;

    return momdot;
} 

You can change the setDefaultBarThickness value ("3") for a different dot size.

BTW, I tried "hlc3()" (e.g., "(hlc3(-2) + hlc3(-3) + hlc3(-4))/3), but got nothing back--anyone know why?