Jump to content
Medved Trader Forums

Recommended Posts

So I mostly been daytrading SPY options as of late and I've been messing around with the new Weiss Wave indicator you added in the beta and I'm liking the performance when set to the parameters in the screenshot. I'm trying to implement it into a paintbar and I'm noticing there isn't any criteria to select for the paintbar. If I wanted a paintbar to alert the start of a new green wave like the circle in the attached screenshot how would I go about coding it?

 

WWV.jpg

Share this post


Link to post
Share on other sites

This was an omission. Will be fixed in next release, hopefully today. It will have Value and Direction. Value obviously the height of the bar and Direction is either 1 or -1 for positive and negative. You would check whether there was a switch by comparing Value[0] to Value[1] and what kind of switch by checking the Direction.

  • Thanks 1

Share this post


Link to post
Share on other sites

Ok have the update and trying to make this work in the paintbar. As per the screenshot above I'm trying to get an alert when a red wave turns to green, or green turns red. By your instructions I believe I should be doing it such as in the attached screenshot. Having the value cross up one or equal one but on the paintbar it's giving me a red X. So I don't think it's playing nicely. Any ideas?

WWV.jpg

Share this post


Link to post
Share on other sites

Oh btw. The easiest way to check that it switches direction is to do Crosses (or, if you want to know what switch it is, red to green or vice versa, CrossesUp or CrossesDown) on 0 for the Direction value. Not Value as you have it in the above screenshot.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×