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Program 58 | P&F, Line break, Markplex Renko and block analysis

Markplex P&F, line break, Markplex Renko and block analysis functions and demonstration show-me study

Program 58 consists of a demonstration TradeStation EasyLanguage show-me study together with the following four easy to use functions:

  1. Markplex point and figure function (_PandF( BoxSize, Reverse, HiLo ); )  (based on the technology behind program 49),
  2. A line break function (_3LB( NumberOfLinesBreak );) (based on program 3),
  3. Markplex renko function (_MarkplexRenko( FixedBox, VariableRenkoBoxSize, FixedRenkBoxSize, HiLoMethod );) (based on program 52)
  4. Markplex block analysis function (_MarkplexBlock( BlockTuner );) (based on program 34)

The function inputs are explained below.

program58-@YM-500tick

Each of these functions analyzes bar data to attempt to ascertain market direction. They return ‘1’ for an upward direction and -1 for downward direction.

Program 58 was designed for TradeStation 9.1 and MultiCharts. It works on intraday, daily, weekly and monthly charts.

An unprotected version of program 58 is available for immediate download for $89.95.

The download includes a TradeStation ELD file (containing the show-me study and functions), a MultiCharts PLA file (containing an indicator and functions) and a BONUS video that demonstrates some ways of using the functions in a strategy.

Gold Pass members get an additional 20% discount off all program and tutorial prices. If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off these prices. You can find the coupon code on the Gold Pass page.

The first _P&F and _3LB functions were available in program 51. Program 58 includes the program 51 function plus new functions built around the Markplex Renko  (see program 52 for more details) and Markplex block functionality (see program 34 for more details). Please note that these functions do not include box drawing capabilities.

The following is a listing of the demonstration show me study, included with this download. This gives an example of how the functions could be used.

{THIS SHOW ME STUDY IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE,
RESULTING FROM THE USE OF THIS INFORMATION, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION IS AT YOUR OWN RISK.
THIS SHOW ME STUDY AND ASSOCIATED TECHNIQUES IS AN EXAMPLE ONLY, AND HAS BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND
THAT YOU USE ANY SUCH TRADING STRATEGIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS
(OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF THIS INDICATOR DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.}// **************************************************************************If _PandF( 0.05, 3, TRUE ) = 1 and _3LB( 3 ) = 1 then
Begin
Value1 = Maxlist( L, Value1 );
Plot1( Value1, “dir1”, Green );
Value2 = 999999;
End
Else
NoPlot( 1 );If _PandF( 0.05, 3, TRUE ) = -1 and _3LB( 3 ) = -1 then
begin
Value2 = MinList( H, Value2 );
Plot2( Value2, “dir2”, Red );
Value1 = 0;
End
Else
NoPlot( 2 );

// ************************************************************************
// ************************************************************************

If _MarkplexRenko( false, AvgTrueRange( 14 ), 2, True ) = 1 {and _MarkplexBlock( 1.0 ) = 1} then
Begin
Value3 = Maxlist( L, Value3 );
Plot3( Value3, “dir1”, DarkGreen );
Value4 = 999999;
End
Else
NoPlot( 3 );

If _MarkplexRenko( false, AvgTrueRange( 14 ), 2, True ) = -1 {and _MarkplexBlock( 1.0 ) = -1} then
begin
Value4 = MinList( H, Value4 );
Plot4( Value4, “dir2”, DarkRed );
Value3 = 0;
End
Else
NoPlot( 4 );

// **************************************************************************
// **************************************************************************

{If _MarkplexRenko( TRUE, AvgTrueRange( 14 ), 2, True ) = 1 then Plot3( L, “Renk1”, DarkGreen );
If _MarkplexRenko( TRUE, AvgTrueRange( 14 ), 2, True ) = -1 then Plot4( H, “Renk2”, DarkRed );

If _MarkplexBlock( 1.0 ) = 1 then Plot5( L – 1, “B1”, Cyan );
If _MarkplexBlock( 1.0 ) = -1 then Plot6( H + 1, “B2”, Magenta );
}

// **************************************************************************

{ ** Copyright (c) 2013-2014 Billy Fire LLC. All rights reserved. **
** Billy Fire LLC reserves the right to modify or overwrite this analysis technique
on its //markplex.com Web site. ** }

 

Usage notes for each function

_PandF

To call this function, use the following syntax: Value1 = _PandF( BoxSize, Reverse, HiLo );
where BoxSize is the size of the box or cross, Reverse is the number of boxes or crosses required to reverse. HiLo should be set to TRUE if you wish to use the
HiLo method or FALSE to use the close method
For example Value1 = _PandF( 0.05, 3, TRUE );

_3LB

To call this function use the following syntax: Value1 = _3LB( NumberOfLinesBreak );
Where NumberOfLinesBreak is the number of lines break required. e.g. Value1 = _3LB( 3 );

_MarkplexRenko

To call this function, use the following syntax: Value1 = _MarkplexRenko( FixedBox, VariableRenkoBoxSize, FixedRenkBoxSize, HiLoMethod );
where FixedBox determines whether to use a fixes or variable box side (true = fixed, false=variable)
VariableRenkoBoxSize is used to enter a formula defining the variable box size (e.g. AvgTrueRange( 14 ) )
FixedRenkBoxSize is the fixed box size used if FixedBox is set to true
HiLoMethod should be set to TRUE if you wish to use the HiLo method or FALSE to use the close method
For example Value1 = _MarkplexRenko( TRUE, AvgTrueRange( 14 ), 2, True );

_MarkplexBlock

To call this function use the following syntax: Value1 = _MarkplexBlock( BlockTuner );
Where BlockTuner is a multiple of AvgTrueRange( 14 ) used to calculate block size
For example e.g. Value1 = _MarkplexBlock( 1.0 );

Program 58 was designed for TradeStation 9.1 and MultiCharts. It works on intraday, daily, weekly and monthly charts.

Program58-MultiChartsAn unprotected version of program 58 is available for immediate download for $89.95.

The download includes a TradeStation ELD file (containing the show-me study and functions), a MultiCharts PLA file (containing an indicator and functions) and a BONUS video that demonstrates some ways of using the functions in a strategy.

Gold Pass members get an additional 20% discount off all program and tutorial prices. If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off these prices. You can find the coupon code on the Gold Pass page.

In case you have not downloaded a program from Markplex before, I have recorded a short video that demonstrates how to use the Markplex.com shopping cart to immediately download a program and import it into TradeStation.

Video of program 58

Program 58 was designed for TradeStation 9.1 and MultiCharts. It works on intraday, daily, weekly and monthly charts.

An unprotected version of program 58 is available for immediate download for $89.95.

The download includes a TradeStation ELD file (containing the show-me study and functions), a MultiCharts PLA file (containing an indicator and functions) and a BONUS video that demonstrates some ways of using the functions in a strategy.

Gold Pass members get an additional 20% discount off all program and tutorial prices. If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off these prices. You can find the coupon code on the Gold Pass page.

I have recorded a short video that demonstrates how to use the Markplex.com shopping cart to immediately download a program and import it into TradeStation.

Gold Pass members get an additional 20% discount off all program and tutorial prices. If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off these prices. You can find the coupon code on the Gold Pass page.

Please note that any screen shots on this site are examples and are not meant to imply that any of these programs will generate profitable trades. THESE INDICATORS, SHOW ME STUDIES, STRATEGIES AND OTHER PROGRAMS HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES.

TO THE BEST OF MARKPLEX CORPORATION’S KNOWLEDGE, ALL OF THE INFORMATION ON THIS PAGE IS CORRECT, AND IT IS PROVIDED IN THE HOPE THAT IT WILL BE USEFUL. HOWEVER, MARKPLEX CORPORATION ASSUMES NO LIABILITY FOR ANY DAMAGES, DIRECT OR OTHERWISE, RESULTING FROM THE USE OF THIS INFORMATION AND/OR PROGRAM(S) DESCRIBED, AND NO WARRANTY IS MADE REGARDING ITS ACCURACY OR COMPLETENESS. USE OF THIS INFORMATION AND/OR PROGRAMS DESCRIBED IS AT YOUR OWN RISK.

ANY EASYLANGUAGE OR POWERLANGUAGE TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (AND PARTS THEREOF) AND ASSOCIATED TECHNIQUES REFERRED TO, INCLUDED IN OR ATTACHED TO THIS TUTORIAL OR PROGRAM DESCRIPTION ARE EXAMPLES ONLY, AND HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES. MARKPLEX CORPORATION. DOES NOT RECOMMEND THAT YOU USE ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS (OR ANY PARTS THEREOF) OR TECHNIQUES. THE USE OF ANY SUCH TRADING STRATEGIES, SIGNALS, STUDIES, INDICATORS, SHOWME STUDIES, PAINTBAR STUDIES, PROBABILITYMAP STUDIES, ACTIVITYBAR STUDIES, FUNCTIONS AND TECHNIQUES DOES NOT GUARANTEE THAT YOU WILL MAKE PROFITS, INCREASE PROFITS, OR MINIMIZE LOSSES.