Take A Bow

I might be pioneering something here – wouldn’t be the first time.

A connection between stochastic embedding, a counter and statistics – can tell you with great probability if price is in a bow, so you get to fade the move starting F1++ to an F3- for an LL, HH or an LL/HH attempt.

The count is usually 3 or 6. That’s your stats. 8 or larger = show must go on.

Filtering away

for(i=200; i>=0; i--){

if (bupcounter>0) bupcounter++;
if (bdncounter>0) bdncounter++;

///counter starts  
   if (Low[i+2]>Low[i+1] && Low[i+1]<iMA(symbol,0,9,0,MODE_EMA, PRICE_MEDIAN,i+1)-FMax*2.8*10*Point && Low[i]>iMA(symbol,0,9,0,MODE_EMA, PRICE_MEDIAN,i)-FMax*2.8*10*Point )
   bupcounter=1;
 
   if ((High[i+1]>iMA(symbol,0,9,0,MODE_EMA, PRICE_MEDIAN,i+1)+FMax*2.8*10*Point || High[i+2]>iMA(symbol,0,9,0,MODE_EMA, PRICE_MEDIAN,i+2)+FMax*2.8*10*Point  || High[i+3]>iMA(symbol,0,9,0,MODE_EMA, PRICE_MEDIAN,i+3)+FMax*2.8*10*Point)
   &&
   High[i+2]<High[i+1] && High[i]<High[i+1]+20*Point && High[i]<iMA(symbol,0,9,0,MODE_EMA, PRICE_MEDIAN,i)+FMax*2.8*10*Point )
   bdncounter=1;

//stochastic lost
   if (!(iStochastic(symbol,1440,18,3,3,MODE_SMA,0,MODE_SIGNAL,i+2)<26 && iStochastic(symbol,1440,18,3,3,MODE_SMA,0,MODE_MAIN,i+2)<26)) 
   bupcounter=0;   

   if (!(iStochastic(symbol,1440,18,3,3,MODE_SMA,0,MODE_SIGNAL,i)>73 && iStochastic(symbol,1440,18,3,3,MODE_SMA,0,MODE_MAIN,i)>73)) 
   bdncounter=0;

///x-sample NL / NH reset

   if (i>0 && Low[i-1]>Low[i] && bupcounter>=3 && Low[i+1]==iLow(symbol,0,iLowest(symbol,0,MODE_LOW,8,i+1))) bupcounter=0;    

   if (i>0 && High[i-1]<High[i] && bdncounter>=3 && High[i+1]==iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,3,i+1))) bdncounter=0;    
   

if (bupcounter>0){   
   ObjectCreate("Punto"+IntegerToString(i), OBJ_TEXT, 0, Time[i], High[i]+310*Point); 
   ObjectSetText("Punto"+IntegerToString(i), IntegerToString(bupcounter), 21, "Impact", Purple);
}

if (bdncounter>0){   
   ObjectCreate("Punto"+IntegerToString(i), OBJ_TEXT, 0, Time[i], Low[i]-70*Point); 
   ObjectSetText("Punto"+IntegerToString(i), IntegerToString(bdncounter), 21, "Impact", Purple);
}