ClearSwingLine.efs
File Name: ClearSwingLine.efs
Description:
Getting Clear With Short-Term Swings
Formula Parameters:
- Line or Color Bars : Line
Notes:
The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
ClearSwingLine.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2010. All rights reserved. This sample eSignal
Formula Script (EFS) is for educational purposes only and may be
modified and saved under a new file name. eSignal is not responsible
for the functionality once modified. eSignal reserves the right
to modify and overwrite this EFS file with each new release.
Description:
Getting Clear With Short-Term Swings
Version: 1.00 07/13/2010
Formula Parameters: Default:
Line or Color Bars Line
Notes:
The related article is copyrighted material. If you are not a subscriber
of Stocks & Commodities, please visit www.traders.com.
**********************************/
var bInit = false;
var bVersion = null;
function preMain() {
setPriceStudy(true);
setShowTitleParameters(false);
setStudyTitle("Getting Clear With Short-Term Swings");
setShowCursorLabel(true, 0);
setCursorLabelName("SwLine", 0);
setDefaultBarFgColor(Color.cyan, 0);
setPlotType(PLOTTYPE_INSTANTCOLORLINE, 0);
setDefaultBarThickness(2, 0);
}
var upsw = 0;
var xHigh = null;
var xLow = null;
var nHHigh = 0;
var nHLow = 0;
var nLHigh = 0;
var nLLow = 0;
function main() {
var nBarState = getBarState();
var nHigh = 0;
var nLow = 0;
var nResult = 0;
if (bVersion == null) bVersion = verify();
if (bVersion == false) return;
if (!bInit) {
xHigh = high();
xLow = low();
nHHigh = xHigh.getValue(0);
nHLow = xLow.getValue(0);
nLHigh = xHigh.getValue(0);
nLLow = xLow.getValue(0);
bInit = true;
}
nHigh = xHigh.getValue(-1);
nLow = xLow.getValue(-1);
if (upsw == 1) {
if (nHigh > nHHigh) nHHigh = nHigh;
if (nLow > nHLow) nHLow = nLow;
if (nHigh < nHLow && nBarState == BARSTATE_NEWBAR) {
upsw = 0;
nLLow = nLow;
nLHigh = nHigh;
}
} else {
if (nLow < nLLow) nLLow = nLow;
if (nHigh < nLHigh) nLHigh = nHigh;
if (nLow > nLHigh && nBarState == BARSTATE_NEWBAR) {
upsw = 1;
nHHigh = nHigh;
nHLow = nLow;
}
}
if(upsw == 1) {
nResult = nHLow;
setBarFgColor(Color.cyan);
}
if(upsw == 0) {
nResult = nLHigh;
setBarFgColor(Color.magenta);
}
if (nResult == 0) return;
return nResult;
}
function verify() {
var b = false;
if (getBuildNumber() < 779) {
drawTextAbsolute(5, 35, "This study requires version 8.0 or later.",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "error");
drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "upgrade");
return b;
} else {
b = true;
}
return b;
}