Market Thermometer
Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScript
Forum Discription: Technical discussion related specifically to the BullScript programming language.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=444
Printed Date: 24 Apr 2025 at 12:50am
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com
Topic: Market Thermometer
Posted By: lmbull
Subject: Market Thermometer
Date Posted: 22 Oct 2007 at 2:27pm
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I was wondering if anyone has looked at the safety in the market Thermometer.It is just a momentum indicator giving a value from -5 to +5. If todays close > yesterdays close -> temp +2 else if less then -2. If todays close > todays open -> temp +2 else if less then -2, If todays range is > yesterdays close -> +1 else if less then -1 As simple as this seems i am still having trouble adding the +2 etc to a value such as temp and then having the result come up in a ribbon with a string of nuumbers. |
Replies:
Posted By: blackdog
Date Posted: 22 Oct 2007 at 6:59pm
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Imbull,
You can only set a varable once in BC. So you have to code it the long way. I had a bit of a play with it and here is some coding for you to start with.
[description ="the safety in the market Thermometer. It is just a momentum indicator giving a value from-5 to +5. If todays close > yesterdays close -> temp +2 else if less then -2. If todays close > todays open -> temp +2 else if less then -2, If todays range is > yesterdays close -> +1 else if less then -1" ][target =Ribbon; category=zzz]
CgtC:= loadSymbol("XAO",C)>hist(loadSymbol("XAO",C),1);{todays close > yesterdays close}CgtO:= loadSymbol("XAO",C)>loadSymbol("XAO",O); {todays close > todays open}RgtC:= loadSymbol("XAO",H)>hist(loadSymbol("XAO",C),1); {todays range is > yesterdays close}Therm:= if(CgtC and CgtO and RgtC,5, if(CgtC and CgtO {and not RgtC}, 3, if(CgtC {and not CgtO} and RgtC, 1, if({not CgtC and }CgtO and RgtC, 1, if(CgtC {and not CgtO and not RgtC}, -1, if({not CgtC and} CgtO {and not RgtC}, -1, if({not CgtC and not CgtO and} RgtC, -3,-5)))))));[color =Dark green; name=+5][fillstyle =solid]Therm= 5; [color =light green; name=+3][fillstyle =solid]Therm = 3; [color =light green; name=+1][fillstyle =narrow vertical]Therm = 1; [color =pink; name=-1][fillstyle =narrow vertical]Therm = -1; [color =pink; name=-3][fillstyle =solid]Therm = -3; [color =red; name=-5][fillstyle =solid]Therm= -5; [color =White]
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Posted By: lmbull
Date Posted: 23 Oct 2007 at 1:47am
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Thank you Blackdog for your quick response. This was exactly what I was looking for, although the full use of its implementation still needs to be looked into. At least now I can examine it in more detail even though it is just another momentum measurement. My coding years seem to be much too far in the past and need a lot more work.  |