Identifying the Bar with the Highest High Over a Given Period

12 Jul 2024
0 comment
0 attachment

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

Visit Link
What is a Snippet? A snippet is a small, reusable chunk of code designed to solve specific tasks quickly. Think of it as a shortcut that helps you achieve your coding goals without reinventing the wheel. How to Use: Simply copy the snippet and paste it into your project where needed. Don't forget to tweak it to fit your context. Snippets are not just time-savers; they're also learning tools to help you become a more efficient coder.
Vonasi Master
V-oyaging ON A S-mall I-ncome
Author’s Profile

Comments

Search Snippets

Showing some results...
Sorry, no result found!

Snippets Categories

global
35
indicator
133
strategy
171

Recent Snippets

How to Create a Simple MTF Trend Dashboard with EMA and SMA
indicator
This indicator builds a compact multi-timeframe (MTF) dashboard that shows whether price is trading above or below a [...]
How to Display Per-Bar Volume Accumulation in Real Time (Intrabar Updates)
global
This snippet tracks and displays the current bar’s accumulated volume while the bar is still forming, instead of only [...]
Ticks Counter: Count Tick Updates Per Bar on Tick or Time Charts
global
This snippet counts how many tick updates have occurred for the current bar by incrementing a per-bar counter on each [...]
How to Build a Step-Based Trailing Stop That Moves to Break-Even First
strategy
This snippet implements a step trailing stop that advances in fixed increments once price reaches predefined profit [...]
Utilizing Arrays to Track and Compare Indicator Values Within the Same Bar in ProBuilder
indicator
This ProBuilder code snippet demonstrates how to use arrays to compare the values of an indicator (RSI in this case) [...]
Logo Logo
Loading...