Identifying the Bar with the Highest High Over a Given Period

12 Jul 2024
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This ProBuilder code snippet is designed to find the bar with the highest high value over the last 20 bars and capture the corresponding date, time, and bar index. This can be useful for analyzing price movements in trading data.


Use a loop.
HighCheck = Highest[20](High)
for a = 0 to 19
    if high[a] = highcheck then
        mydate = date[a]
        mytime = time[a]
        mybarindex = barindex - a
        break
    endif
next

Explanation of the Code:

  • HighCheck = Highest[20](High): This line calculates the highest high value among the last 20 bars.
  • for a = 0 to 19: This loop iterates through each of the last 20 bars.
  • if high[a] = highcheck then: Inside the loop, this condition checks if the high of the current bar (from 0 to 19 bars ago) matches the highest high calculated earlier.
  • mydate = date[a]: If the condition is true, this line captures the date of the bar where the highest high occurred.
  • mytime = time[a]: Similarly, this line captures the time of the bar with the highest high.
  • mybarindex = barindex – a: This line calculates the bar index of the bar with the highest high. ‘barindex’ is the index of the current bar, so subtracting ‘a’ gives the index of the bar that had the highest high.
  • break: Once the bar with the highest high is found, ‘break’ terminates the loop early to avoid unnecessary iterations.

This snippet is a practical example of using loops and conditional statements to analyze data points within a specific window in financial data sets.

Related Post

Check out this related content for more information:

https://www.prorealcode.com/topic/capture-variables-of-highest-high/#post-134542

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