MarketStructureLibrary "MarketStructure"
Will draw out the market structure for the disired pivot length. The code is from my indicator "Marker structure" ().
Create(type, length, source, equalPivotsFactor, extendEqualPivotsZones, equalPivotsStyle, equalPivotsColor, alertFrequency)
Call on each bar. Will create a Structure object.
Parameters:
type (int) : the type of the Structure to create. 0 = internal, 1 = swing.
length (int) : The lenghts (left and right) for pivots to use.
source (string) : The source to be used for structural changes ('Close', 'High/low (aggresive)' (low in an uptrend) or 'High/low (passive)' (high in an uptrend)).
equalPivotsFactor (float) : Set how the limits are for an equal pivot. This is a factor of the Average True Length (ATR) of length 14. If a low pivot is considered to be equal if it doesn't break the low pivot (is at a lower value) and is inside the previous low pivot + this limit.
extendEqualPivotsZones (bool) : Set to true if you want the equal pivots zones to be extended.
equalPivotsStyle (string) : Set the style of equal pivot zones.
equalPivotsColor (color) : Set the color of equal pivot zones.
alertFrequency (string)
Returns: The 'structure' object.
Pivot(structure)
Sets the pivots in the structure.
Parameters:
structure (Structure)
Returns: The 'structure' object.
PivotLabels(structure)
Draws labels for the pivots found.
Parameters:
structure (Structure)
Returns: The 'structure' object.
EqualHighOrLow(structure)
Draws the boxsa for equal highs/lows. Also creates labels for the pivots included.
Parameters:
structure (Structure)
Returns: The 'structure' object.
BreakOfStructure(structure)
Will create lines when a break of strycture occures.
Parameters:
structure (Structure)
Returns: The 'structure' object.
ChangeOfCharacter(structure)
Will create lines when a change of character occures.
Parameters:
structure (Structure)
Returns: The 'structure' object.
StructureBreak
Holds drawings for a structure break.
Fields:
Line (series line) : The line object.
Label (series label) : The label object.
Pivot
Holds all the values for a found pivot.
Fields:
Price (series float) : The price of the pivot.
BarIndex (series int) : The bar_index where the pivot occured.
Type (series int) : The type of the pivot (-1 = low, 1 = high).
ChangeOfCharacterBroken (series bool) : Sets to true if a change of character has happened.
BreakOfStructureBroken (series bool) : Sets to true if a break of structure has happened.
Structure
Holds all the values for the market structure.
Fields:
Length (series int) : Define the left and right lengths of the pivots used.
Type (series int) : Set the type of the market structure. Two types can be used, 'internal' and 'swing' (0 = internal, 1 = swing).
Trend (series int) : This will be set internally and can be -1 = downtrend, 1 = uptrend.
Source (series string) : Set the source for structural chandeg. Can be 'Close', 'High/low (aggresive)' (low in an uptrend) or 'High/low (passive)' (high in an uptrend).
EqualPivotsFactor (series float) : Set how the limits are for an equal pivot. This is a factor of the Average True Length (ATR) of length 14. If a low pivot is considered to be equal if it doesn't break the low pivot (is at a lower value) and is inside the previous low pivot + this limit.
ExtendEqualPivotsZones (series bool) : Set to true if you want the equal pivots zones to be extended.
ExtendEqualPivotsStyle (series string) : Set the style of equal pivot zones.
ExtendEqualPivotsColor (series color) : Set the color of equal pivot zones.
EqualHighs (array) : Holds the boxes for zones that contains equal highs.
EqualLows (array) : Holds the boxes for zones that contains equal lows.
BreakOfStructures (array) : Holds all the break of structures within the trend (before a change of character).
Pivots (array) : All the pivots in the current trend, added with the latest first, this is cleared when the trend changes.
AlertFrequency (series string) : set the frequency for alerts.
Priceaction
lib_priceactionLibrary "lib_priceaction"
a library for everything related to price action, starting off with displacements
displacement(len, min_strength, o, c)
calculate if there is a displacement and how strong it is
Parameters:
len (int) : The amount of candles to consider for the deviation
min_strength (float) : The minimum displacement strength to trigger a signal
o (float) : The source series on which calculations are based
c (float) : The source series on which calculations are based
Returns: a tuple of (bool signal, float displacement_strength)
BpaLibrary "Bpa"
TODO: library of Brooks Price Action concepts
isBreakoutBar(atr, high, low, close, open, tail, size)
TODO: check if the bar is a breakout based on the specified conditions
Parameters:
atr : TODO: atr value
high : TODO: high price
low : TODO: low price
close : TODO: close price
open : TODO: open price
tail : TODO: decimal value for a percent that represent the size of the tail of the bar that cant be preceeded to be considered strong close
size : TODO: decimal value for a percent that represents by how much the breakout bar should be bigger than others to be considered one
Returns: TODO: boolean value, true if breakout bar, false otherwise
