Import - Elite Trader: Dunnigan Bars

[JayF]

Quote from easyrider:

Esignal is very good, imo. I have the equities pkg by the year and it only comes out to 70 or 80 bucks a month. The advanced charting is good and getting better all the time. If they dont have an indicator you want you can get someone to write an efs for you. While im at it if esignal tech reads this how about getting someone to program Dunnigan Bars for advanced charts. There is a study out there call Dunnigan upthrust but I would like to have plain Dunnigan bars, red up bars, green down bars and yellow inside bars. Being able to spot those inside bars easily is a great tool.

Since there wasn't an exact formula posted, I went from a source I found on Google. Not sure how accurate it is, but this should be close.

/********************************************************************
Copyright © eSignal, 2003
Title:        Dunnigan Bars
Version:    1.0

=====================================================================
Fix History:


=====================================================================
Project Description:  

This displays "Dunnigan Bars," which is defined as:

Higher High and High Low = Green Color
Lower High and Lower Low = Red Color
Inside Bar = Grey Color
Outside Bar = Yellow Color

Colors are adjustable through the Edit Studies menu.

**********************************************************************/


function preMain() {
    setStudyTitle("Dunnigan Bars");
    setShowCursorLabel(false);
    setColorPriceBars(true);
    setPriceStudy(true);
    
    var fp6 = new FunctionParameter("HHHLColor", FunctionParameter.COLOR);
    fp6.setName("Higher High & Higher Low Color");
    fp6.setDefault(Color.green); //Edit this value to set a new default
    
    var fp7 = new FunctionParameter("LHLLColor", FunctionParameter.COLOR);
    fp7.setName("Lower High & Lower Low Color");
    fp7.setDefault(Color.red); //Edit this value to set a new default
    
    var fp8 = new FunctionParameter("InsideColor", FunctionParameter.COLOR);
    fp8.setName("Inside Bars Color");
    fp8.setDefault(Color.grey); //Edit this value to set a new default

    var fp9 = new FunctionParameter("OutsideColor", FunctionParameter.COLOR);
    fp9.setName("Outside Bars Color");
    fp9.setDefault(Color.yellow); //Edit this value to set a new default

}

function main(HHHLColor, LHLLColor, InsideColor, OutsideColor) {

    var vHigh = high();
    var vPrevHigh = high(-1);
    var vLow = low();
    var vPrevLow = low(-1);
    
    if (vHigh == null || vPrevHigh == null || vLow == null || vPrevLow == null) return;
    
    if      (vHigh > vPrevHigh && vLow > vPrevLow) setPriceBarColor(HHHLColor);
    else if (vHigh < vPrevHigh && vLow < vPrevLow) setPriceBarColor(LHLLColor);
    else if (vHigh < vPrevHigh && vLow > vPrevLow) setPriceBarColor(InsideColor);
    else if (vHigh > vPrevHigh && vLow < vPrevLow) setPriceBarColor(OutsideColor);

    return;
    
}