Best trading day

Category: Indicators By: gabri Created: November 27, 2017, 5:23 PM
November 27, 2017, 5:23 PM
Indicators
0 Comments

This code comes from Larry Williams and spots, on statistical base, the historical most ranging day of the week.

Blue skies!!

//val=(100*(close-open)/open)
val=100*range/open
//monday
if DayOfWeek=1 then
 mon=mon+val
 monct=1
else
 mon=0
 monct=0
endif
//tuesday
if DayOfWeek=2 then
 tue=tue+val
 tuect=1
else
 tue=0
 tuect=0
endif
//wednesday
if DayOfWeek=3 then
 wed=wed+val
 wedct=1
else
 wed=0
 wedct=0
endif
//thursday
if DayOfWeek=4 then
 thu=thu+val
 thuct=1
else
 thu=0
 thuct=0
endif
//friday
if DayOfWeek=5 then
 fri=fri+val
 frict=1
else
 fri=0
 frict=0
endif
monres=summation[p](mon[1])/summation[p](monct[1])
tueres=summation[p](tue[1])/summation[p](tuect[1])
wedres=summation[p](wed[1])/summation[p](wedct[1])
thures=summation[p](thu[1])/summation[p](thuct[1])
frires=summation[p](fri[1])/summation[p](frict[1])

return monres coloured (255,0,0) as "Mo", tueres coloured (255,153,0) as "Tu", wedres coloured (0,210,0) as "We", thures coloured (0,0,255) as "Th", frires coloured (153,0,153) as "Fr"

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Filename: prt-best-trading-days.itf
Downloads: 159
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Filename: PRT-best-weekly-day.itf
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gabri Master
I usually let my code do the talking, which explains why my bio is as empty as a newly created file. Bio to be initialized...
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