3-bar breakouts


   I have been trying to learn a little Bullscript by creating a simple buy/sell indicator. 
The buy marker displays when price crosses the highest price of the previous 3 bars and the sell marker displays when price crosses below the lowest price of the previous 3 bars. 
This seems to be working properly and now I would like to declutter the chart by making the redundant signals invisible. There doesn't seem to be a handy function for this in Bullscript. I believe Amibroker has a function called "exrem" that can be used for this purpose. 
Would anyone like to share how they do this or give me some ideas please. 
---------------------
My next task is to create a ribbon based on this indicator. The plan is to display this ribbon using a higher timeframe than the timeframe of the chart. eg I want to look for the buy signals on a weekly chart when the last signal in the monthly ribbon was a buy. I know how to mange the timeframe in the ribbons using the advanced menu tab.
There is a similar issue with the ribbon in that the displayed colors default to white when a signal has not occured (inside bars). This creates a tricolored ribbon instead of a bicoloured ribbon and looks unclear.  
Would someone like to suggest any ideas to fix this please. 
 
 
Edited by peter1 - 12 Nov 2008 at 1:32pm

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peter1 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56	Post Options Post Reply Quote peter1 Report Post Quote Reply Posted: 12 Nov 2008 at 1:30pm
	I have been trying to learn a little Bullscript by creating a simple buy/sell indicator. The buy marker displays when price crosses the highest price of the previous 3 bars and the sell marker displays when price crosses below the lowest price of the previous 3 bars. This seems to be working properly and now I would like to declutter the chart by making the redundant signals invisible. There doesn't seem to be a handy function for this in Bullscript. I believe Amibroker has a function called "exrem" that can be used for this purpose. Would anyone like to share how they do this or give me some ideas please. --------------------- My next task is to create a ribbon based on this indicator. The plan is to display this ribbon using a higher timeframe than the timeframe of the chart. eg I want to look for the buy signals on a weekly chart when the last signal in the monthly ribbon was a buy. I know how to mange the timeframe in the ribbons using the advanced menu tab. There is a similar issue with the ribbon in that the displayed colors default to white when a signal has not occured (inside bars). This creates a tricolored ribbon instead of a bicoloured ribbon and looks unclear. Would someone like to suggest any ideas to fix this please. Edited by peter1 - 12 Nov 2008 at 1:32pm