(On The Same) Wave Length

Here’s a piece of code from God Awesome 1.71 with a filter added today.

The basis is the Stochastic Bars Hybrid, that was my tweak and I am certain, that I posted the source of it on these columns, so look it up, this part you should be able to plug in

deletetxt1("Utmost");

 for(i = 1000; i >= 0; i--)
   {  
           
      double St=iStochastic(NULL,0,K_Period,D_Period,Slowing,MAType,PriceType,MODE_MAIN,i);
      double St2=iStochastic(NULL,0,K_Period2,D_Period,Slowing,MAType,PriceType,MODE_MAIN,i);
      double St3=iStochastic(NULL,0,K_Period3,D_Period,Slowing,MAType,PriceType,MODE_MAIN,i);
      ExtMapBuffer2[i] = EMPTY_VALUE;
      ExtMapBuffer3[i] = EMPTY_VALUE;
         if (St2<BotBorder2 && (St<BotBorder || St3<BotBorder3)) ExtMapBuffer2[i] = 15;
         if (St>TopBorder && embeddedoversold) ExtMapBuffer3[i] = 85;
         
          if (plot_no_more_stars && ((ExtMapBuffer3[i+1]==85 && ExtMapBuffer3[i]!=85) || (ExtMapBuffer2[i+1]==15 && ExtMapBuffer2[i]!=15) )
          
          && (iLow(symbol,0,iLowest(symbol,0,MODE_LOW,2,i))<=iLow(symbol,0,iLowest(symbol,0,MODE_LOW,10,i+2)) ||  (iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,2,i))>=iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,10,i+2)) ) ) ){
   ObjectCreate("Utmost"+i, OBJ_RECTANGLE, 0,  Time[i+2], iHigh(Symbol(),0,iHighest(Symbol(),0,MODE_HIGH,262,i)), Time[i], iLow(Symbol(),0,iLowest(Symbol(),0,MODE_LOW,262,i) ));
  ObjectSetInteger(0,"Utmost"+i,OBJPROP_COLOR,clrWhite);
  ObjectSet("Utmost"+i,OBJPROP_BACK,1);
  ObjectSet("Utmost"+i,OBJPROP_WIDTH,5);
   }
         
}

Here’s the object eraser function that goes after the Return(0); at the very end

   void deletetxt1(string text){
   for(int iObj=ObjectsTotal()-1; iObj >= 0; iObj--){
      string   on = ObjectName(iObj);
      if(StringFind(on, text) == 0)  ObjectDelete(on);
}  }

What is this good for?

Remeber the volatility high tide that hit 10x stretch from the mean on the upside then on the downside?

Count with me.

after that the wave length got shorter, from size 4 to size 3 – these waves were not able to achieve anything further from the mean than 4-5x stretch, they were sort of echo waves

here we are now in the present, when the waves are unable to exceed 3x stretch from the mean

where was the bear market? nowhere

there was one big Volatility tide that has completely flattened out by now.

I do believe this is necessary for the market to be able to start trending in a direction, for until now all it did was make whips up and down.

The volatility is gone. For good.

In fact, I had to bring back the volatility multiplier on the energy bands to pre-high-tide values (from 1.5to 1.0) (“m”, not external also equals one at this point).

These are the values that the German folk was missing for making his version of my Energy Bands, that he keeps on returning to.

It is o.k. to talk to me, I don’t bite.

The fact that today’s CI Moat values point to the downside and tomorrow’s point to the up side just shows how smack dead in the middle price is right now at.

…