2005 Feb: Directional Breakout Indicator (Directional_Breakout.efs)

Directional_Breakout.efs, Directional_Breakout_ColorBars.efs  
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File Name:

• Directional_Breakout.efs
• Directional_Breakout_ColorBars.efs

Description:
These indicators are based on the February 2005 article, Directional Breakout Indicator, by Barbara Star, PhD.

Formula Parameters:

Directional_Breakout.efs

• Length: 20
• Offset: 0
• Source: Close
• Type: SIMPLE
• Histogram Positive Color: Green
• Histogram Zero Color: Red
• Histogram Negative Color: Blue
• Price Bars Positive Color: Black
• Price Bars Zero Color: Red
• Price Bars Negative Color: Black

Directional_Breakout_ColorBars.efs

• Length: 20
• Offset: 0
• Source: Close
• Type: SIMPLE
• Positive Color: Green
• Zero Color: Red
• Negative Color: Blue

Notes:
The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.

Download File:
Directional_Breakout.efs
Directional_Breakout_ColorBars.efs



EFS Code:

Directional_Breakout.efs

/*****************************************************************
Coded By : Alexis C. Montenegro
Description:  Directional Breakout Indicator - by Barbara Star, PhD

Version 1.0  

Notes:
Feb 2005 Issue - "Directional Breakout Indicator"

Formula Parameters:                 Defaults:
Length                              20
Offset                              0
Source                              Close
Type                                SIMPLE
Histogram Positive Color            Green
Histogram Zero Color                Red
Histogram Negative Color            Blue
Price Bars Positive Color           Black
Price Bars Zero Color               Red
Price Bars Negative Color           Black
*****************************************************************/

var vMA = null;
var vMovAvg;
var vHist;
var vHistb;

function preMain() {
    setPriceStudy(false);
    setStudyTitle("Directional Breakout");
    setShowTitleParameters(false);
    setShowCursorLabel(false);
    setHistogramBase(0);
    setPlotType(PLOTTYPE_HISTOGRAM,0);
    setDefaultBarFgColor(Color.lightgrey,0);
    setDefaultBarThickness(2,0);
    setPlotType(PLOTTYPE_HISTOGRAM,1);
    setDefaultBarFgColor(Color.lightgrey,1);
    setDefaultBarThickness(2,1);
    setColorPriceBars(true);
    setDefaultPriceBarColor(Color.lightgrey);
    
    var fp1 = new FunctionParameter("Length", FunctionParameter.NUMBER);
	fp1.setLowerLimit(1);		
	fp1.setDefault(20);
	
	var fp2 = new FunctionParameter("Offset", FunctionParameter.NUMBER);
	fp2.setDefault(0);
	
	var fp3 = new FunctionParameter("Source", FunctionParameter.STRING);
    fp3.setName("Source");
    fp3.addOption("Close");
	fp3.addOption("High");
	fp3.addOption("Low");
	fp3.addOption("Open");
	fp3.addOption("HL/2");
	fp3.addOption("HLC/3");
	fp3.addOption("OHLC/4");
	fp3.setDefault("Close");
	
	var fp4 = new FunctionParameter("Type", FunctionParameter.STRING);
	fp4.setName("Type");
	fp4.addOption("MAStudy.SIMPLE");
	fp4.addOption("MAStudy.EXPONENTIAL");
	fp4.addOption("MAStudy.WEIGHTED");
	fp4.addOption("MAStudy.VOLUMEWEIGHTED");
	fp4.setDefault("MAStudy.SIMPLE");

	var fp5 = new FunctionParameter("cPos", FunctionParameter.COLOR);
	fp5.setName("Histogram Positive Color");
	fp5.setDefault(Color.green);

	var fp6 = new FunctionParameter("cZero", FunctionParameter.COLOR);
	fp6.setName("Histogram Zero Color");
	fp6.setDefault(Color.red);

	var fp7 = new FunctionParameter("cNeg", FunctionParameter.COLOR);
	fp7.setName("Histogram Negative Color");
	fp7.setDefault(Color.blue);

	var fp8 = new FunctionParameter("cPosPB", FunctionParameter.COLOR);
	fp8.setName("Price Bars Positive Color");
	fp8.setDefault(Color.black);

	var fp9 = new FunctionParameter("cZeroPB", FunctionParameter.COLOR);
	fp9.setName("Price Bars Zero Color");
	fp9.setDefault(Color.red);

	var fp10 = new FunctionParameter("cNegPB", FunctionParameter.COLOR);
	fp10.setName("Price Bars Negative Color");
	fp10.setDefault(Color.black);
}

function main(Length,Offset,Source,Type,cPos,cZero,cNeg,cPosPB,cZeroPB,cNegPB) {
   
    if (vMA == null) vMA = new MAStudy(Length, Offset, Source, eval(Type));
    
    vMovAvg = vMA.getValue(MAStudy.MA);
    
    if(vMovAvg == null)
    return;
    
    if(low(0) > vMovAvg){
        vHist = 2;
        vHistb = 2;
        setBarFgColor(cPos, 0);
        setBarFgColor(cPos, 1);
        setPriceBarColor(cPosPB);
    }
    else if(high(0) < vMovAvg){
        vHist = -2;
        vHistb = -2;
        setBarFgColor(cNeg, 0);
        setBarFgColor(cNeg, 1);
        setPriceBarColor(cNegPB);
    }
    else{
        vHist = 1;
        vHistb = -1;
        setBarFgColor(cZero, 0);
        setBarFgColor(cZero, 1);
        setPriceBarColor(cZeroPB);
    }
    
    return new Array(vHist, vHistb);
}

Directional_Breakout_ColorBars.efs

/*****************************************************************
Coded By : Alexis C. Montenegro
Description:  Directional Breakout Colored Price Bars - by Barbara Star, PhD

Version 1.0  

Notes:
Feb 2005 Issue - "Directional Breakout Indicator"

Formula Parameters:                 Defaults:
Length                              20
Offset                              0
Source                              Close
Type                                SIMPLE
Positive Color                      Green
Zero Color                          Red
Negative Color                      Blue
*****************************************************************/

var vMA = null;
var vMovAvg;
var vHist;
var vHistb;

function preMain() {
    setPriceStudy(true);
    setStudyTitle("Directional Breakout Color Bars");
    setShowTitleParameters(false);
    setShowCursorLabel(false);
    setHistogramBase(0);
    setPlotType(PLOTTYPE_HISTOGRAM,0);
    setDefaultBarFgColor(Color.lightgrey,0);
    setDefaultBarThickness(2,0);
    setPlotType(PLOTTYPE_HISTOGRAM,1);
    setDefaultBarFgColor(Color.lightgrey,1);
    setDefaultBarThickness(2,1);
    setColorPriceBars(true);
    setDefaultPriceBarColor(Color.lightgrey);
    
    var fp1 = new FunctionParameter("Length", FunctionParameter.NUMBER);
	fp1.setLowerLimit(1);		
	fp1.setDefault(20);
	
	var fp2 = new FunctionParameter("Offset", FunctionParameter.NUMBER);
	fp2.setDefault(0);
	
	var fp3 = new FunctionParameter("Source", FunctionParameter.STRING);
    fp3.setName("Source");
    fp3.addOption("Close");
	fp3.addOption("High");
	fp3.addOption("Low");
	fp3.addOption("Open");
	fp3.addOption("HL/2");
	fp3.addOption("HLC/3");
	fp3.addOption("OHLC/4");
	fp3.setDefault("Close");
	
	var fp4 = new FunctionParameter("Type", FunctionParameter.STRING);
	fp4.setName("Type");
	fp4.addOption("MAStudy.SIMPLE");
	fp4.addOption("MAStudy.EXPONENTIAL");
	fp4.addOption("MAStudy.WEIGHTED");
	fp4.addOption("MAStudy.VOLUMEWEIGHTED");
	fp4.setDefault("MAStudy.SIMPLE");

	var fp5 = new FunctionParameter("cPos", FunctionParameter.COLOR);
	fp5.setName("Positive Color");
	fp5.setDefault(Color.green);

	var fp6 = new FunctionParameter("cZero", FunctionParameter.COLOR);
	fp6.setName("Zero Color");
	fp6.setDefault(Color.red);

	var fp7 = new FunctionParameter("cNeg", FunctionParameter.COLOR);
	fp7.setName("Negative Color");
	fp7.setDefault(Color.blue);
}

function main(Length,Offset,Source,Type,cPos,cZero,cNeg) {
   
    if (vMA == null) vMA = new MAStudy(Length, Offset, Source, eval(Type));
    
    vMovAvg = vMA.getValue(MAStudy.MA);
    
    if(vMovAvg == null)
    return;
    
    if(low(0) > vMovAvg){
        vHist = 2;
        vHistb = 2;
        setBarFgColor(cPos, 0);
        setBarFgColor(cPos, 1);
        setPriceBarColor(cPos);
    }
    else if(high(0) < vMovAvg){
        vHist = -2;
        vHistb = -2;
        setBarFgColor(cNeg, 0);
        setBarFgColor(cNeg, 1);
        setPriceBarColor(cNeg);
    }
    else{
        vHist = 1;
        vHistb = -1;
        setBarFgColor(cZero, 0);
        setBarFgColor(cZero, 1);
        setPriceBarColor(cZero);
    }
    
    return;
}