Tutorial 213 explains how to draw horizontal lines at the bottom and top of the wick of the last high and low pivots that occurred. The lines are extended to the right of the chart. The tutorial uses the trendline and the text label objects. In addition, it shows how you can use the rectangle object to fill the area between the two trend lines using rectangle objects. The rectangle is also extended to the right of the chart.
The tutorial demonstrates how to get the correct trendline, rectangle and text label syntax by using the toolbox and then copying code from ‘designer generated code.’
A further example shows how the code and can tidied up by creating a method to draw the trendlines.
Pivots are identified using the standard TradeStation function:
Pivot( Price, Length, LeftStrength, RightStrength, Instance, HiLo, oPivotPrice, oPivotBar )
Explanation of tutorial 213
Download the tutorial 213 program
Free download of tutorial 213 for Gold Pass members
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