FLAGS and Pennant detection and profit targets

mubzaveri

Active Member
#2
See if this can help,

ZZ = Zig(C,17);
X = BarsSince(ZZ<Ref(ZZ,-1) AND Ref(ZZ,-1)> Ref(ZZ,-2));
X1 = LastValue(X) + 1;
X2 = X1 + 1;
SD = StDev(C,X2);

// FVE indicator code

PERIOD = 22;
COEFF = 0.1;
intRA = log(H) - log(L);
VINTRA = StDev(intRA, PERIOD);
intER = log(Avg)-log(Ref(Avg,-1));
VINTER = StDev(intER,PERIOD);
CUTOFF = COEFF*(VINTER + VINTRA)*C;
MF = C - (H+L)/2 + Avg - Ref(Avg,-1);
MFV = IIf(MF>CUTOFF,V,IIf(MF<-CUTOFF,-V,0));
FVE = Sum(MFV,PERIOD)/MA(V,PERIOD)/PERIOD*100;

// VFI indicator code

PERIOD1 = 130;
COEF = 0.2;
VCoef = 2.5;
VINTER1 = StDev(intER, 30);
Cutoff1 = COEF * VINTER1 * C;
VAVE = Ref(MA(V, PERIOD1), -1);
VMAX = VAVE * VCoef;
Vc = Min (V, VMAX);
MF1 = Avg - Ref(Avg, -1);
VCP = IIf( MF1 > Cutoff1, Vc, IIf (MF1 < -Cutoff1, -Vc, 0));
VFI = Sum(VCP, PERIOD1)/VAVE;

// Buy Conditions

Buy = X1<21 AND X1>2 AND //CONDITION 1
Ref(LinRegSlope(C,13)/Ref(C,-13)*100, -X1)>2.2 //CONDITION 2
AND Ref(LinRegSlope(C,X2)/Ref(C,-X2),-1)*100<.2
AND LinRegSlope(C,X1)/Ref(C,-X1)>-1.2 //CONDITION 3
AND Ref(LinRegSlope(V,X2)/Ref(V,-X2),-1)*100<-2 //CONDITION 4
AND Ref(LinRegSlope(SD,X1),-1)<0 //CONDITION 5
AND StochK(20,3)>55 AND ADX(10)>30 //CONDITION 6
AND FVE>10 AND VFI>-3 //CONDITION 7
AND C>Ref(C,-1) AND C>O; //CONDITION 8

//SELL ORDER

D1 = ApplyStop(stopTypeNBar,stopModeBars, 24, True); D2 = LastValue
(D1);
zz = Zig(Ref(C,-D2),17);
X = BarsSince(ZZ<Ref(ZZ,-1) AND Ref(ZZ,-1)> Ref(ZZ,-2));
X1 = LastValue(X) + 1; //FLAG DURATION
C1 = LLV(C,(D2+40)); //POLE BASE
C2 = Ref(HHV(C,22),-D2); //POLE TOP

BREAK1 = ApplyStop(stopTypeNBar,stopModePercent, 45, True);
POLE = (C2-C1)/C1*100; //POLE HEIGHT %

// EXIT CONDITIONS

Sell = BREAK1 > 1.94*(POLE^0.724) //EXIT CONDITION 1 PROFIT TARGET
OR C<Ref(LLV(C,X1), -D2) //EXIT CONDITION 2 STOP LOSS ON BREAKING OF LOWER FLAG TRENDLINE
OR (D2>14 AND BREAK1<.25*POLE) //EXIT CONDITION 3 - INACTIVITY
OR (D2>3 AND C<.9*HHV(C,4)) //EXIT CONDITION 4 - TRAILING STOP LOSS
OR D2>24; //EXIT CONDITION 5 - TIME EXIT
 

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