Quarters Theory v2
Quarters Theory automatically plotted for you on your chart. This theory is primary on forex pairs. Major quarters, Minor quarters, quarters, and hesitation zones all plotting. Please refer to the inputs on their color. (still having a fill issues with the hesitation zone)
Quarters Theory automatically plotted for you on your chart. This theory is primary on forex pairs. Major quarters, Minor quarters, quarters, and hesitation zones all plotting. Please refer to the inputs on their color. (still having a fill issues with the hesitation zone)
//@version=2 study("Quarters", overlay = true) //based on Quarters Theory this is based mostly for forex trading applications //Major Quarters every 250 pips //Minor Quarters every 125 pips //Quarters every 25 pips //Hesitation zones based on a +-75 pips of a major quarter FirstBar = barstate.isrealtime//calculating everything backwards so we don't have repainting issues plots on the current bar //top1 = input(defval=105, type = float,title = "level of Major/Minor Quarter confluence value on the chart", confirm = true) sq = input(true, title = "Show Quarters") sm = input(true, title = "Show Minor Quarters") ShowM = input(true, title = "Show Major Quarters") hz = input(true, title = "Show Hesitation Zones") topprice = iff(FirstBar and highest(high,250),high,na)//high <= highest(high,50), high, na)// na(topprice[1]) ? high : high >= topprice[1] ? high : topprice[1] //valuewhen(high[0] > highest(high,200),high,1) // botprice = iff(FirstBar and lowest(low,250),low,na) //low <= lowest(low,50), low, na)//na(botprice[1]) ? low : low <= botprice[1] ? low : botprice[1] //valuewhen(low[0] > lowest(low,200),low,1) range = ((topprice - botprice) * .5) anchor = botprice + range primaryanchor = round(anchor / syminfo.pointvalue) //round(anchor / syminfo.pointvalue) Major_q_increment = (2.5 * syminfo.pointvalue) // creates Top Major quarters based on the highest value Major_Plus2 = primaryanchor + (2 * Major_q_increment) Major_Plus1 = primaryanchor + Major_q_increment Major_line = primaryanchor Major_Minus1 = primaryanchor - Major_q_increment Major_Minus2 = primaryanchor - (2 * Major_q_increment) Minor_q_increment = (1.25 * syminfo.pointvalue) //calculates Top Minor quarters based on the highest value Minor_Plus2 = primaryanchor + (2* Minor_q_increment) Minor_Plus1 = primaryanchor + Minor_q_increment Minor_Minus1 = primaryanchor - Minor_q_increment Minor_Minus2 = primaryanchor - (2 * Minor_q_increment) //calculates out the current quarter current_quarter = round((close * syminfo.pointvalue)) Quarters_increment = (.25 * syminfo.pointvalue) //calculates quarters from top value +5 on each side Quarters_Plus5 = current_quarter + (4* Quarters_increment) Quarters_Plus4 = current_quarter + (3* Quarters_increment) Quarters_Plus3 = current_quarter + (2* Quarters_increment) Quarters_Plus2 = current_quarter + ( Quarters_increment) Quarters_1 = current_quarter Quarters_Minus2 = current_quarter - ( Quarters_increment) Quarters_Minus3 = current_quarter - (2 * Quarters_increment) Quarters_Minus4 = current_quarter - (3 * Quarters_increment) Quarters_Minus5 = current_quarter - (4 * Quarters_increment) //calculates the hesitation zone hestitation_increment = .75 * syminfo.pointvalue Hest_2T = Major_Plus2 + hestitation_increment Hest_2B = Major_Plus2 - hestitation_increment Hest_1T = Major_Plus1 + hestitation_increment Hest_1B = Major_Plus1 - hestitation_increment Hest_BT = Major_line + hestitation_increment Hest_BB = Major_line - hestitation_increment Hest_L1T = Major_Minus1 + hestitation_increment Hest_L1B = Major_Minus1 - hestitation_increment Hest_L2T = Major_Minus2 + hestitation_increment Hest_L2B = Major_Minus2 - hestitation_increment //plots the major quarters plot(ShowM and FirstBar ? Major_Plus2: na,"MLP2", color= blue, linewidth = 3, style = circles, trackprice = true) plot(ShowM and FirstBar ? Major_Plus1: na,"MLP1", color= blue, linewidth = 3, style = circles, trackprice = true) plot(ShowM and FirstBar ? Major_line: na,"MLD2", color= purple, linewidth = 3, style = circles, trackprice = true) plot(ShowM and FirstBar ? Major_Minus1: na,"MM1", color= blue, linewidth = 3, style = circles, trackprice = true) plot(ShowM and FirstBar ? Major_Minus2: na,"MM2", color= blue, linewidth = 3, style = circles, trackprice = true) //plot the minor quarters plot(sm and FirstBar ? Minor_Plus2 : na,"MP1", color= orange, linewidth = 2, trackprice = true) plot(sm and FirstBar ? Minor_Plus1 : na,"MP1", color= orange, linewidth = 2, trackprice = true) plot(sm and FirstBar ? Minor_Minus1 : na,"Mm1", color= orange, linewidth = 2, trackprice = true) plot(sm and FirstBar ? Minor_Minus2 : na,"Mm2", color= orange, linewidth = 2, trackprice = true) //plots the quarters plot(sq and FirstBar ? Quarters_Plus5: na,"qp5", color= Quarters_Plus5 != Quarters_Plus5[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? Quarters_Plus4: na,"qp4", color= Quarters_Plus4 != Quarters_Plus4[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? Quarters_Plus3: na,"qp3", color= Quarters_Plus3 != Quarters_Plus3[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? Quarters_Plus2: na,"qp2", color= Quarters_Plus2 != Quarters_Plus2[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? current_quarter: na,"q",color= current_quarter != current_quarter[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? Quarters_Minus2: na,"qm2",color= Quarters_Minus2 != Quarters_Minus2[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? Quarters_Minus3: na,"qm3", color= Quarters_Minus3 != Quarters_Minus3[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? Quarters_Minus4: na,"qm4", color= Quarters_Minus4 != Quarters_Minus4[1] ? gray: na, linewidth = 1, trackprice = true) plot(sq and FirstBar ? Quarters_Minus5: na,"qm5", color= Quarters_Minus5 != Quarters_Minus5[1] ? gray: na, linewidth = 1, trackprice = true) //plots hestitation zone HH2T = plot(hz and FirstBar ? Hest_2T: na,"H2T", linewidth = 1, color= gray, trackprice = true) HH2B = plot(hz and FirstBar ? Hest_2B: na,"H2B", linewidth = 1, color= gray, trackprice = true) HH1T = plot(hz and FirstBar ? Hest_1T: na,"H1T", linewidth = 1, color= gray, trackprice = true) HH1B = plot(hz and FirstBar ? Hest_1B: na,"H1B", linewidth = 1, color= gray, trackprice = true) HHT = plot(hz and FirstBar ? Hest_BT: na,"MT", linewidth = 1, color= gray, trackprice = true) HHB = plot(hz and FirstBar ? Hest_BB: na,"MB", linewidth = 1, color= gray, trackprice = true) HL1T = plot(hz and FirstBar ? Hest_L1T: na,"L1T", linewidth = 1, color= gray, trackprice = true) HL1B = plot(hz and FirstBar ? Hest_L1B: na,"L1B", linewidth = 1, color= gray, trackprice = true) HL2T = plot(hz and FirstBar ? Hest_L2T: na,"L2T", linewidth = 1, color= gray, trackprice = true) HL2B = plot(hz and FirstBar ? Hest_L2B: na,"L2B", linewidth = 1, color= gray, trackprice = true) fill(HH2T, HH2B, color = gray, transp = 50, title = "Major 2 Top zone", editable = true) fill(HH1T, HH1B, color = gray, transp = 50, title = "Major 1 Top zone", editable = true) fill(HHT, HHB, color = gray, transp = 50, title = "Major Primary zone", editable = true) fill(HL1T, HL1B, color = gray, transp = 50, title = "Major 1 Low zone", editable = true) fill(HL2T, HL2B, color = gray, transp = 50, title = "Major 2 Low zone", editable = true)