// Downloaded From https://www.WiseStockTrader.com /* ABKP Benchmark Bar the Benchmark Bar Up must exceed the High of the prior two bars AND close above the high of the prior two bars. And, naturally Fast 2 must be blue to confirm the momentum strength of the POWER BAR. the Benchmark Bar Down must exceed the low of the prior two bars AND close below the low of the prior two bars. And, naturally Fast 2 must be red to confirm the momentum strength of the POWER BAR. Note: not mentioned in the PDF is the requirement that there be a change in color in for the Power Bar. For an up Power Bar then you can have Red|Yellow, Red|Blue, or Yellow|Blue. For the down Power Bar you can have Blue|Yellow, Blue|Red, or Yellow Red. */ parmPowerBarUpColor = ParamColor("Power Bar Up color", colorAqua); parmPowerBarDnColor = ParamColor("Power Bar Dn color", colorPink); parmFast2Confirm = ParamToggle("Fast2 confirm", "No|Yes", 0); parmA900Confirm = ParamToggle("A900 confirm", "No|Yes", 1); parmPRange = ParamToggle("Confirm % Range", "No|Yes", 0); parmRibbon = ParamToggle("Plot as ribbon", "No|Yes" , 0); parmRibbonSize = Param("Ribbon size", 1, 0.5, 10, 0.5); parmThreshold = Param("SC Threshold", 5, -5, 5, 1); parmVoice = ParamToggle("Voice", "No|Yes", 0); parmPlotTargets = ParamToggle("Plot targets", "No|Yes", 0); parmDebug = ParamToggle("Debug", "No|Yes", 0); SetBarsRequired(350, -1); // constants _N(APaneName = Name() + Interval(2) + _SECTION_NAME()); _N(ANewBarName = "NewBar" + APaneName); //functions function ANewBar() { PrevDT = StaticVarGet( ANewBarName); DT = LastValue(DateTime()); StaticVarSet( ANewBarName,DT); return DT != PrevDT; } function MRound2(Number, Multiple ) { if(Multiple == 0 ) { xMultiple = 0.01; } else { xMultiple = Multiple; } Divided = Number / xMultiple; intDivided = int(Divided); intDivided = intDivided + round(Divided - intDivided); return intDivided * xMultiple; } ObjAB = CreateObject("Broker.Application"); ticker = objAB.Stocks(Name() ); // KP indicators Ctmpl = E_TSKPCOLORTMPL(Open,High,Low,Close,Volume); total = 0; total = total + IIf(tskp_colortmplcnd0 > 0, 1, -1); total = total + IIf(tskp_colortmplcnd1 > 0, 1, -1); total = total + IIf(tskp_colortmplcnd2 > 0, 1, -1); total = total + IIf(tskp_colortmplcnd3 > 0, 1, -1); total = total + IIf(tskp_colortmplcnd4 > 0, 1, -1); total = total + IIf(tskp_colortmplcnd5 > 0, 1, -1); total = total + IIf(tskp_colortmplcnd6 > 0, 1, -1); total = total + IIf(tskp_colortmplcnd7 > 0, 1, -1); KPScoreCard = total + IIf(tskp_colortmplcnd8 > 0, 1, -1); dummy = E_TSKPFAST2(Open,High,Low,Close,Volume); // calculations Range = H -L; RangePercent = (C - L) / Range; PriorHHScoreCard = Ref(HHV(KPScoreCard, 1), -1); PriorLLScoreCard = Ref(LLV(KPScoreCard, 1), -1); ChangeInBarColor = ((KPScoreCard >= parmThreshold AND PriorHHScoreCard < parmThreshold) OR (KPScoreCard >= -(parmThreshold-1) AND PriorHHScoreCard <= -parmThreshold)) OR ((KPScoreCard <= -parmThreshold AND PriorHHScoreCard > -parmThreshold) OR (KPScoreCard <= (parmThreshold-1) AND PriorHHScoreCard >= parmThreshold)); PriorHHV = Ref(HHV(H, 2) , -1); //highest high of the 2 prior bars PriorLLV = Ref(LLV(L, 2) , -1); //lowest low of the 2 prior bars if(parmDebug == 1) { printf("PHHScoreCard: %g% \nPLLScoreCard: %g%\nChgInBar: %g%\nKPScoreCard: %g%\n", PriorHHScoreCard, PriorLLScoreCard, ChangeInBarColor, KPScoreCard); } if(parmFast2Confirm == 0) { BBarUp = H > PriorHHV AND C > PriorHHV AND ChangeInBarColor; BBarDn = L < PriorLLV AND C < PriorLLV AND ChangeInBarColor; } else //confirm with Fast2 { KPFast21 = tskp_Fast2val1; KPFast22 = tskp_Fast2val2; if(parmDebug == 1) { printf("KPFast21: %g%\nKPFast22: %g%\n", KPFast21, KPFast22); } BBarUp = H > PriorHHV AND C > PriorHHV AND ChangeInBarColor AND KPFast21 == 1; BBarDn = L < PriorLLV AND C < PriorLLV AND ChangeInBarColor AND KPFast22 == -1; } if(parmA900Confirm == 1); {a 5 period simple moving average KPA900 = E_TSKPA900(Close); BBarUp = BBarUp AND C > KPA900; BBarDn = BBarDn AND C < KPA900; } if(parmPRange == 1) { BBarUp = BBarUp AND RangePercent >= 0.7; BBarDn = BBarDn AND rangePercent <= 0.4; } //paint the pane if(parmDebug == 1) { printf("BBarUp: %g%\nBBarDn: %g%\n", BBarUp, BBarDn); } if(parmRibbon == 0) { PlotShapes(IIf(BBarUp , shapeHollowStar, shapeNone), parmPowerBarUpColor, 0, L, -8); PlotShapes(IIf(BBarDn , shapeHollowStar, shapeNone), parmPowerBarDnColor, 0, H, 8); } else Plot( IIf(BBarUp OR BBarDn, parmRibbonSize, 0), "" , IIf(BBarUp, parmPowerBarUpColor, IIf(BBarDn, parmPowerBarDnColor, Null)) , styleArea | styleNoLabel | styleOwnScale , 0, 10); //voice ANewBarSignal = ANewBar(); if(parmVoice == 1) { if(ANewBarSignal) { if(LastValue(Ref(BBarUp, -1)) ) Say(Interval(2) + " Benchmark bar: up. Stop at " + NumToStr(Ref(L, -1) - ticker.TickSize, 1.2) + "."); if(LastValue(Ref(BBarDn, -1)) ) Say(Interval(2) + " Benchmark bar: down. Stop at " + NumToStr(Ref(H, -1) + ticker.TickSize, 1.2) + "."); } } //plot targets if(parmPlotTargets == 1) { RangeAvg = MRound2(Ref(MA(H-L, 5), -1) , ticker.ticksize ) ; BBarUpSince = BarsSince(BBarUp); BBarDnSince = BarsSince(BBarDn); PT = IIf( BBarUpSince <= BBarDnSince, Ref(O, - BBarUpSince + 1 ) + Ref(RangeAvg, -BBarUpSince -1), Ref(O, - BBarDnSince + 1) - Ref(RangeAvg, -BBarDnSince -1) ); Stop = IIf( BBarUpSince <= BBarDnSince, Ref(L, - BBarUpSince) - ticker.TickSize, Ref(H, - BBarDnSince) + ticker.TickSize); Plot(Stop, "Stop", colorRed, styleLine | styleStaircase); Plot(PT, "Target", colorGreen, styleLine | styleStaircase); }