Hello, I would like to know if it is possible to create a building block on the "banking blocks/ordrer block". What I call the bank block is a hand-created zone, like in the SPY example.
The only way I see is to have a building block that: buys(or doesn't buy) between two prices.
Example: buy (or not buy) if the price is between 470 and 670.
This is of no use in backtesting because we know the future supports, but for strategy monitor it would be enough to update the zones the day before like the image below.
Do you have an alternative? knowing that the zones can be larger than others.
mathematically for me, this would depend on the chosen timeframes and the variation of the asset. The greater the variation and the timeframes, the larger the zone will be.
I looked for examples of order block detection, but I found nothing more reliable than by hand. (my corquis is not reliable either, but it is adjustable).
Also, a block that allows me to buy (or not) when the price is close to a round number.
Example: buy (or not buy) between -10 points/dollars and +10 points/dollars using a round number in hundredths.
So I will buy (or not) when the price is between 390 and 410; 490-510;...
The only way I see is to have a building block that: buys(or doesn't buy) between two prices.
Example: buy (or not buy) if the price is between 470 and 670.
This is of no use in backtesting because we know the future supports, but for strategy monitor it would be enough to update the zones the day before like the image below.
Do you have an alternative? knowing that the zones can be larger than others.
mathematically for me, this would depend on the chosen timeframes and the variation of the asset. The greater the variation and the timeframes, the larger the zone will be.
I looked for examples of order block detection, but I found nothing more reliable than by hand. (my corquis is not reliable either, but it is adjustable).
Also, a block that allows me to buy (or not) when the price is close to a round number.
Example: buy (or not buy) between -10 points/dollars and +10 points/dollars using a round number in hundredths.
So I will buy (or not) when the price is between 390 and 410; 490-510;...
Rename
QUOTE:
Example: buy (or not buy) if the price is between 470 and 670.
What's stopping you? Two "Indicator Compare to
Eugene, I couldn't follow that.
Did you mean "Indicator Compare to Value"?
Did you mean "Indicator Compare to Value"?
You're right, let me fix that typo.
I believe the desire is to interact/obtain the values of a HAND DRAWN chart drawing object via Building Blocks.
Interesting idea, maybe we could create an indicator whose values are populated from a named hand drawn objects. Such and indicator would naturally be able to be used in Blocks.
Interesting idea, maybe we could create an indicator whose values are populated from a named hand drawn objects. Such and indicator would naturally be able to be used in Blocks.
Let's start with TrendLineValue - it's almost at the top of the Wish List.
https://www.wealth-lab.com/Discussion/Bring-Back-and-Improve-TrendLineValue-6109
https://www.wealth-lab.com/Discussion/Bring-Back-and-Improve-TrendLineValue-6109
I don't think it needs to be confined to trend lines. Many manual drawing tools could leverage this capability, especially horizontal lines. I'm thinking of an approach that's more flexible than TrendLineValue.
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