SwingPrediction.efs
EFSLibrary - Discussion Board
File Name: SwingPrediction.efs
Description:
This formula is based on Fibonacci And Gann Projections by Dennis Peterson, which appeared in the October 2004 issue of Stocks & Commodities.
Formula Parameters:
- Swing # of Bars - 1
This is the minimum number of bars required to define a swing point. This number is for both sides of the swing point (i.e. 5 bars on the left and right of the swing bar). - Swing Wave Type - % Change in Price
(% Retracement, % Change in Price) - Swing Wave Percentage - 5
The number 5 will be treated as 5.0%. The number 0.05 will be treated as 0.0005%. - Swing High Price Source - Close
- Swing Low Price Source - Close
- Line Thickness - 2
- Confirmed Swing Line Color - Blue
- Developing Swing Line Color - Yellow
- Number of Swings for Gann - 1
The number of previous swings points to be included in the Gann projections - Gann Increment - 0.25
The +/- increment for Gann calculation above and below the base calculation for Gann. - Number of Gann Increments - 2
The number of Gann increments to be calculated above and below the Gann basis calculation. 2 will draw one above and one low the basis. - Fibonacci: DR 1 - 0.382
- Fibonacci: DR 2 - 1.618
- Fibonacci: A1 1 - 0.5
- Fibonacci: A1 2 - 1.732
- Fibonacci: A2 1 - 0.618
- Fibonacci: A2 2 - 2.0
- Fibonacci: C 1 - 0.707
- Fibonacci: C 2 - 2.618
- Fibonacci: DC 1 - 1.0
- Fibonacci: DC 2 - 3.0
Notes:
The current version has one added modification since the formula went into publication. Per Dennis Peterson's request, a third label has been added to show a second percent retracement figure. The top %Rtmt label is the percent retracement of the developing swing (green Sept peak) to the second previous confirmed swing (blue June peak). The second %Rtmt label is the percent retracement of the right-most developing swing line (current bar) to the previous confirmed swing (Aug valley). The last %Chg label is the percent change in price of the righ-most developing swing line (current bar) from the developing swing (green Sept peak). The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
SwingPrediction.efs
EFS Code:
/*****************************************************************
Provided By : eSignal. (c) Copyright 2004
Study: Swing Prediction
Version: 1.0
Formula Parameters: Default:
* Swing: # of Bars 1
This is the minimum number of bars required to define a
swing point. This number is for both sides of the swing
point (i.e. 5 bars on the left and right of the swing bar).
* Swing: Wave Type % Change in Price
(% Retracement, % Change in Price)
* Swing: Wave Percentage 5
The number 5 will be treated as 5.0%. The number 0.05 will
be treated as 0.0005%.
* Swing High Price Source Close
* Swing Low Price Source Close
* Line Thickness 2
* Confirmed Swing Line Color Blue
* Developing Swing Line Color Yellow
* Number of Swings for Gann 1
The number of previous swings points to be included in the
Gann projections
* Gann Increment 0.25
The +/- increment for Gann calculation above and below the base
calculation for Gann.
* Number of Gann Increments 2
The number of Gann increments to be calculated above and below
the Gann basis calculation. 2 will draw one above and one below
the basis.
* Fibonacci: DR 1 0.382
* Fibonacci: DR 2 1.618
* Fibonacci: A1 1 0.5
* Fibonacci: A1 2 1.732
* Fibonacci: A2 1 0.618
* Fibonacci: A2 2 2.0
* Fibonacci: C 1 0.707
* Fibonacci: C 2 2.618
* Fibonacci: DC 1 1.0
* Fibonacci: DC 2 3.0
*****************************************************************/
function preMain() {
setPriceStudy(true);
setStudyTitle("Swing Prediction ");
setShowCursorLabel(false);
setShowTitleParameters(false);
var fp1 = new FunctionParameter("nNum", FunctionParameter.NUMBER);
fp1.setName("Swing: # of Bars");
fp1.setLowerLimit(1);
fp1.setDefault(1);
var fp2a = new FunctionParameter("sWaveType", FunctionParameter.STRING);
fp2a.setName("Swing: Wave Type");
fp2a.addOption("% Retracement");
fp2a.addOption("% Change in Price");
fp2a.setDefault("% Change in Price");
var fp2 = new FunctionParameter("nRet", FunctionParameter.NUMBER);
fp2.setName("Swing: Wave Percentage");
fp2.setLowerLimit(0);
fp2.setDefault(5);
var fp3 = new FunctionParameter("sHighSource", FunctionParameter.STRING);
fp3.setName("Swing High Price Source");
fp3.addOption("Open");
fp3.addOption("High");
fp3.addOption("Low");
fp3.addOption("Close");
fp3.setDefault("Close");
var fp4 = new FunctionParameter("sLowSource", FunctionParameter.STRING);
fp4.setName("Swing Low Price Source");
fp4.addOption("Open");
fp4.addOption("High");
fp4.addOption("Low");
fp4.addOption("Close");
fp4.setDefault("Close");
var fp5 = new FunctionParameter("nThickness", FunctionParameter.NUMBER);
fp5.setName("Line Thickness");
fp5.setLowerLimit(1);
fp5.setDefault(2);
var fp6 = new FunctionParameter("cColor1", FunctionParameter.COLOR);
fp6.setName("Confirmed Swing Line Color");
fp6.setDefault(Color.blue);
var fp7 = new FunctionParameter("cColor2", FunctionParameter.COLOR);
fp7.setName("Developing Swing Line Color");
fp7.setDefault(Color.yellow);
var fp19 = new FunctionParameter("nGann", FunctionParameter.NUMBER);
fp19.setName("Number of Swings for Gann");
fp19.setLowerLimit(1);
fp19.setUpperLimit(6);
fp19.setDefault(1);
var fp19b = new FunctionParameter("nGannInc", FunctionParameter.NUMBER);
fp19b.setName("Gann Increment");
fp19b.setLowerLimit(0);
fp19b.setDefault(0.25);
var fp19c = new FunctionParameter("nGannNum", FunctionParameter.NUMBER);
fp19c.setName("Number of Gann Increments");
fp19c.setLowerLimit(0);
fp19c.setDefault(2);
var fp20 = new FunctionParameter("fib0", FunctionParameter.NUMBER);
fp20.setName("Fibonacci: DR 1");
fp20.setLowerLimit(0);
fp20.setDefault(0.382);
var fp21 = new FunctionParameter("fib1", FunctionParameter.NUMBER);
fp21.setName("Fibonacci: DR 2");
fp21.setLowerLimit(0);
fp21.setDefault(1.618);
var fp22 = new FunctionParameter("fib2", FunctionParameter.NUMBER);
fp22.setName("Fibonacci: A1 1");
fp22.setLowerLimit(0);
fp22.setDefault(0.5);
var fp23 = new FunctionParameter("fib3", FunctionParameter.NUMBER);
fp23.setName("Fibonacci: A1 2");
fp23.setLowerLimit(0);
fp23.setDefault(1.732);
var fp24 = new FunctionParameter("fib4", FunctionParameter.NUMBER);
fp24.setName("Fibonacci: A2 1");
fp24.setLowerLimit(0);
fp24.setDefault(0.618);
var fp25 = new FunctionParameter("fib5", FunctionParameter.NUMBER);
fp25.setName("Fibonacci: A2 2");
fp25.setLowerLimit(0);
fp25.setDefault(2);
var fp26 = new FunctionParameter("fib6", FunctionParameter.NUMBER);
fp26.setName("Fibonacci: C 1");
fp26.setLowerLimit(0);
fp26.setDefault(0.707);
var fp27 = new FunctionParameter("fib7", FunctionParameter.NUMBER);
fp27.setName("Fibonacci: C 2");
fp27.setLowerLimit(0);
fp27.setDefault(2.618);
var fp28 = new FunctionParameter("fib8", FunctionParameter.NUMBER);
fp28.setName("Fibonacci: DC 1");
fp28.setLowerLimit(0);
fp28.setDefault(1.0);
var fp29 = new FunctionParameter("fib9", FunctionParameter.NUMBER);
fp29.setName("Fibonacci: DC 2");
fp29.setLowerLimit(0);
fp29.setDefault(3.0);
}
var bEdit = true; // tracks change of user inputs
var cntr = 0; // image counter for swing lines
var bInit = false; // initialization routine completion
var nNumBars = null; // number of bars for defining swings
var sWaveTypeG = null; // wave type for confirming swings
var nRetpcnt = null; // percent retracement for defining swings
var nThicknessG = null; // line thickness
var cColorCon = null; // confirmed swing color
var cColorDev = null; // developing swing color
var nGannG = 1; // number of swings for Gann calculations
var nGannIncG = null; // increment value for Gann calculations
var nGannNumG = null; // number of increments for Gann calculations
var sHSource = null; // price source for high swings
var sLSource = null; // price source for low swings
var x1a = null; // x-coordinate for point a of developing line 1
var x1b = null; // x-coordinate for point b of developing line 1
var x2a = null; // x-coordinate for point a of developing line 2
var x2b = null; // x-coordinate for point b of developing line 2
var y1a = null; // y-coordinate for point a of developing line 1
var y1b = null; // y-coordinate for point b of developing line 1
var y2a = null; // y-coordinate for point a of developing line 2
var y2b = null; // y-coordinate for point b of developing line 2
var aY2A = new Array(7);// array of current 7 swing prices
var vLastSwing = null; // tracking swing type of last confirmed swing
var nScntr = 0; // bar counter for swing confirmation
var aSwingsIndex = new Array(7); // tracks current swings for DR, C, DC, A1, A2 periods
var aSwingsPrice = new Array(7); // tracks current swing prices for Gann projections
var aFibs = new Array(10); // Fibonacci numbers for Swing Predictions
var bProjCon = false;
var bProjDev = false;
var tCntr = 0;
function main(nNum, sWaveType, nRet, sHighSource, sLowSource, nThickness, cColor1, cColor2,
nGann, nGannInc, nGannNum, fib0, fib1, fib2, fib3, fib4, fib5, fib6, fib7, fib8, fib9) {
var nState = getBarState();
var nIndex = getCurrentBarIndex();
var h = getValue(sHighSource);
var l = getValue(sLowSource);
var c = close();
var i = 0;
// record keeping
if (nState == BARSTATE_NEWBAR) {
if (cntr > 100) cntr = 0;
if (x1a != null) x1a -= 1;
if (x1b != null) x1b -= 1;
if (x2a != null) x2a -= 1;
if (x2b != null) x2b -= 1;
i = 0;
for (i = 0; i < 7; ++i) {
if (aSwingsIndex[i] != null) aSwingsIndex[i] -= 1;
}
}
//Initialization
if (bEdit == true) {
if (nNumBars == null) nNumBars = nNum;
if (sWaveTypeG == null) sWaveTypeG = sWaveType;
if (nRetpcnt == null) nRetpcnt = nRet/100;
if (nThicknessG == null) nThicknessG = nThickness;
if (cColorCon == null) cColorCon = cColor1;
if (cColorDev == null) cColorDev = cColor2;
if (nGann != null) nGannG = nGann;
if (nGannIncG == null) nGannIncG = nGannInc;
if (nGannNumG == null) nGannNumG = Math.round(nGannNum);
if (sHSource == null) sHSource = sHighSource;
if (sLSource == null) sLSource = sLowSource;
if (x1a == null) x1a = 0;
if (y1a == null) y1a = c;
i = 0;
for (i = 0; i < 10; ++i) {
aFibs[i] = eval("fib"+i);
}
bEdit = false;
}
if (bInit == false) {
bInit = Init(h,l,c);
}
// Swings
if (nState == BARSTATE_NEWBAR) {
nScntr += 1;
// confirmed Swings
if (nScntr > nNumBars) {
confirmSwings();
if (bInit == true) {
doLine("dev1");
doLine("dev2");
}
}
}
checkSwings(h, l);
if (bProjCon == true) {
bProjCon = false;
doProjections("con");
}
if (bProjDev == true) {
bProjDev = false;
doProjections("dev1");
}
if (nIndex >= -1) {
var nWaveRet = (Math.abs(aSwingsPrice[0]-aSwingsPrice[1]) / Math.abs(aSwingsPrice[1]-aSwingsPrice[2]))*100;
var sWaveRetText = " \%Rtmt: " + nWaveRet.toFixed(2) + " ";
var nWaveRet2 = (Math.abs(y2b-aSwingsPrice[0]) / Math.abs(aSwingsPrice[0]-aSwingsPrice[1]))*100;
var sWaveRetText2 = " \%Rtmt: " + nWaveRet2.toFixed(2) + " ";
var nWaveChg = (Math.abs(y2a-y2b) / y1b)*100;
var sWaveChgText = " \%Chg: " + nWaveChg.toFixed(2) + " ";
drawTextRelative(2, 45, sWaveRetText, cColor1, Color.lightgrey,
Text.BOLD|Text.LEFT|Text.VCENTER|Text.FRAME|Text.RELATIVETOBOTTOM,
null, 12, "Ret"); // Developing peak/valley %Ret of previous confirmed peak/valley
drawTextRelative(2, 25, sWaveRetText2, cColor2, Color.lightgrey,
Text.BOLD|Text.LEFT|Text.VCENTER|Text.FRAME|Text.RELATIVETOBOTTOM,
null, 12, "Ret2"); // Current bar %Ret of current developing peak/valley
drawTextRelative(2, 5, sWaveChgText, cColor2, Color.lightgrey,
Text.BOLD|Text.LEFT|Text.VCENTER|Text.FRAME|Text.RELATIVETOBOTTOM,
null, 12, "Chg"); // %Change in price of current bar from current developing peak/valley
}
return;
}
/***********************/
/****** Functions *****/
/***********************/
function Init(h,l,c) {
if (close(-(nNumBars*2)) == null) {
return false;
} else {
// Find initial line.
// The initial line will be the first high or low swing,
// which has the greater difference of the swing point to
// the close of the first bar.
var Index = getCurrentBarIndex()
var hIndex = Index;
var lIndex = Index;
var j = nNumBars*2;
var aHigh = getValue(sHSource, 0, -j);
var aLow = getValue(sLSource, 0, -j);
var vHH = aHigh[0];
var vLL = aLow[0];
var tempIndex = Index;
var i = 0;
for (i = 0; i < j; ++i) {
if (aHigh[i] > vHH) {
vHH = aHigh[i];
hIndex = tempIndex;
}
if (aLow[i] < vLL) {
vLL = aLow[i];
lIndex = tempIndex;
}
tempIndex -= 1;
}
if (vHH - y1a > y1a - vLL) {
vLastSwing = "L";
x1b = hIndex - Index;
y1b = vHH;
doLine("dev1");
x2a = x1b;
y2a = vHH;
x2b = 0;
y2b = c;
doLine("dev2");
} else {
vLastSwing = "H";
x1b = lIndex - Index;
y1b = vLL;
doLine("dev1");
x2a = x1b;
y2a = vLL;
x2b = 0;
y2b = c;
doLine("dev2");
}
}
if (vLastSwing != null) {
return true;
} else {
return false;
}
}
function doLine(sType) {
//confirmed
if (sType == "con") {
cntr += 1;
drawLineRelative(x1a, y1a, x1b, y1b, PS_SOLID,
nThicknessG, cColorCon, sType+cntr);
x1a = x2a;
y1a = y2a;
x1b = x2b;
y1b = y2b;
x2a = x1b;
y2a = y1b;
aSwingsIndex.pop();
aSwingsIndex.unshift(x1b);
aSwingsPrice.pop();
aSwingsPrice.unshift(y1b);
if (vLastSwing == "H") y2b = getValue(sHSource);
if (vLastSwing == "L") y2b = getValue(sLSource);
aY2A.pop();
aY2A.unshift(y2a);
if (aSwingsIndex[6] != null) {
bProjCon = true;
}
}
// dev1
if (sType == "dev1") {
drawLineRelative(x1a, y1a, x1b, y1b, PS_SOLID,
nThicknessG, cColorDev, sType);
aSwingsIndex[0] = x1b;
aSwingsPrice[0] = y1b;
if (aSwingsIndex[6] != null && getCurrentBarIndex() >= -1) {
bProjDev = true;
}
}
// dev2
if (sType == "dev2") {
if (x2a != 0 && x2a != x2b) {
if ( (vLastSwing == "H" && sHSource == "Close") || (vLastSwing == "L" && sLSource == "Close") ) {
x2b = 0;
y2b = close();
}
drawLineRelative(x2a, y2a, x2b, y2b, PS_SOLID,
nThicknessG, cColorDev, sType);
} else {
removeLine(sType);
}
}
return;
}
function confirmSwings() {
if (x1b != x2b) { // underdeveloped dev1 line
if (sWaveTypeG == "% Retracement") {
var nWave = (Math.abs(y2a-y2b) / Math.abs(y1b-y1a));
} else {
var nWave = (Math.abs(y2a-y2b) / y1b);
}
if (vLastSwing == "L" && nWave >= nRetpcnt ) {
// Swing High
nScntr = 0;
vLastSwing = "H";
doLine("con");
} else if (vLastSwing == "H" && nWave >= nRetpcnt ) {
// Swing Low
nScntr = 0;
vLastSwing = "L";
doLine("con");
}
}
return;
}
function checkSwings(h, l) {
// dev1
if (vLastSwing == "L") { // find Swing High
if (h >= y1b) { // higher high, no swing
nScntr = 0;
x1b = 0;
y1b = h;
doLine("dev1");
x2a = 0;
y2a = h;
}
} else if (vLastSwing == "H") { // find Swing Low
if (l <= y1b) { // Lower low, no swing
nScntr = 0;
x1b = 0;
y1b = l;
doLine("dev1");
x2a = 0;
y2a = l;
}
}
// dev2
if (nScntr == 0) {
x2b = 0;
if (vLastSwing == "H") y2b = h;
if (vLastSwing == "L") y2b = l;
} else {
if (vLastSwing == "H" && h >= y2b) {
y2b = h; x2b = 0;
} else if (vLastSwing == "L" && l <= y2b) {
y2b = l; x2b = 0;
}
}
doLine("dev2");
return;
}
function doProjections(sName) {
var i = 0;
var j = 0;
var k = 0;
var nGannTot = (nGannNumG*2) + 1; // total number of Gann rows
var aX = new Array(10);
var aY = new Array(10);
var aSwingPeriods = new Array(10);
var nOffset = 0; // 0 for developing swings, 1 for confirmed swings
if (sName == "con") nOffset = 1;
var DR = aSwingsIndex[0+nOffset] - aSwingsIndex[1+nOffset];
aSwingPeriods[0] = DR;
aSwingPeriods[1] = DR;
var C = aSwingsIndex[1+nOffset] - aSwingsIndex[3+nOffset];
aSwingPeriods[2] = C;
aSwingPeriods[3] = C;
var DC = aSwingsIndex[1+nOffset] - aSwingsIndex[5+nOffset];
aSwingPeriods[4] = DC;
aSwingPeriods[5] = DC;
var A1 = aSwingsIndex[1+nOffset] - aSwingsIndex[2+nOffset];
aSwingPeriods[6] = A1;
aSwingPeriods[7] = A1;
var A2 = aSwingsIndex[3+nOffset] - aSwingsIndex[4+nOffset];
aSwingPeriods[8] = A2;
aSwingPeriods[9] = A2;
if (sName == "con") {
i = 0;
for (i = 0; i < nGannG; ++i) {
for (k = 0; k < 10; ++k) {
for (j = 0; j < nGannTot; ++j) {
removeShape("dev1Proj"+i+k+j);
}
}
}
}
// X - Projections
// anchor is from end of DR wave for DR, A1 and A2
// anchor is from beginning of DR wave for C and DC
i = 0;
for (i = 0; i < 10; ++i) {
if (i >= 2 && i <= 5) { // C and DC
aX[i] = Math.round((aSwingPeriods[i] * aFibs[i]) + aSwingsIndex[1+nOffset]);
} else { // DR, A1 and A2
aX[i] = Math.round((aSwingPeriods[i] * aFibs[i]) + aSwingsIndex[0+nOffset]);
}
}
// Y - Projections
var aY = new Array(nGannG); // number of swings
i = 0;
for (i = 0; i < nGannG; ++i) {
aY[i] = new Array(nGannTot); // number of rows per swing
}
i = 0;
for (i = 0; i < nGannG; ++i) {
var nBasis = Math.sqrt(aSwingsPrice[i+nOffset]);
var nNum = (nGannIncG * nGannNumG);
for (j = 0; j < nGannTot; ++j) {
aY[i][j] = (nBasis + nNum) * (nBasis + nNum);
nNum -= nGannIncG;
}
}
// plot Swing Predictions
i = 0;
for (i = 0; i < nGannG; ++i) { // number of swings
for (k = 0; k < 10; ++k) { // 10 swing periods (5 waves * 2 fibs for each)
for (j = 0; j < nGannTot; ++j) { // total rows per swing
var ShapeFlags = null;
if (sName == "con") {
var ProjColor = cColorDev;
var vShape = "Shape.CIRCLE";
} else {
var ProjColor = Color.red;
var vShape = "Shape.DIAMOND";
}
if (j == ((nGannTot/2)-.5) ) {
if (sName == "con") {
ProjColor = cColorCon;
vShape = "Shape.CIRCLE";
} else {
ProjColor = Color.green;
vShape = "Shape.DIAMOND";
}
ShapeFlags = "Shape.ONTOP";
}
drawShapeRelative(aX[k], aY[i][j], eval(vShape), null, ProjColor,
eval(ShapeFlags), sName + "Proj"+i+k+j);
}
}
}
return;
}