Tutorial 182 demonstrates a EasyLanguage Show-me study that calculates the pivot with the highest value WITHIN a user input number of bars of the current bar (user input: LookbackBars). (N.B. This is different from finding the highest pivot value on the chart.)
The program works as follows: each time a pivot is found it is plotted. The bar number and the price level are stored in a dictionary.
At the end of each bar the dictionary is traversed and index/values pairs where the pivot occurred more than user input LookBackBars ago are deleted. The dictionary values are then copied into a vector (named Values) which is sorted to find the highest value using the Markplex _VectorQuickSort function. This value is plotted.
More information about the _VectorQuickSort function, which uses a recursive method can be found here.
Tutorial 182 demonstrates the use of the Dictionary and Vectors. It also uses the pivot function.
Inputs
int LeftStrength( 3 ), // Left strength of pivot
int RightStrength( 3 ), // Right strength of pivot
int LookbackBars( 100 ); // Number of bars to examine to find the highest pivot value during that period
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This content is for members only. Video explaining tutorial 182
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