HG Scalpius - Previous Bar Highlight

Micro E-mini S&P 500 Index FuturesCME

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⋅ 2020年5月21日午前2時59分

HG Scalpius - Previous Bar Highlight

This indicator highlights the 20th bar from the current bar and has the below applications for trading the HG Scalpius system:
- Determining if trend mode off switch is triggered, failing to set a new higher (lower) close in the trend with 20 bars
- Determining the highest (lowest) bar in the previous range to decide if a trade is high & tight

bars_back = input(defval=20, minval=0, title="Bars Back")

bgcolor(#9C27B0, offset=-bars_back, show_last=1)

If you come across or think of any other useful scripts for the HG Scalpius system please comment below!

Happy trading!

nikasr

⋅ 2020年10月29日午後8時18分

Hi, seems like my last comment didn't post. For determining H&T, isn't it last 25 bars we look back, instead of 20 bars?

joseromeroyauri

⋅ 2021年2月3日午後4時46分

@nikasr, Nop, according to Scott, it is 20 bars.

richkh

⋅ 2020年6月9日午後10時38分

Great idea. I think some others would be a touch of the BB, and maybe qualified by being a touch and lower/higher than the previous candle.

Hammer and shooting stars highlighted would take guess work away too.

NewMeridian

⋅ 2021年12月7日午前7時44分

@richkh, Second this.. might be possible to code an indicator that identifies confirming evidence conditions for 5+10m charts. Maybe an overlay that can activate when we have BB, Touch, Trend/Pback Walk or D.Vol conditions

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