18 May 2023
0 comment
0 attachment
This ProBuilder code snippet is designed to calculate the maximum range (difference between high and low prices) over the last 19 bars in a trading chart. The range is a useful indicator for volatility.
bigrange = high = low
for a = 1 to 19
bigrange = max(bigrange, high[a] - low[a])
next
Explanation of the Code:
- The variable bigrange is initialized to the difference between the current high and low prices.
- A for loop is used to iterate through the last 19 bars (from 1 to 19).
- Within the loop, bigrange is updated to the maximum value between its current value and the range (high – low) of the bar at position a.
- The loop continues to check each of the 19 bars, and bigrange always stores the maximum range found during these iterations.
This code is particularly useful for traders or analysts looking to understand market volatility over a specific period directly from their ProRealTime charts.
Related Post
Check out this related content for more information:
https://www.prorealcode.com/topic/widest-range-from-high-to-low-last-20-days/#post-114900
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
Search Snippets
Showing some results...
Sorry, no result found!
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) [...]
Loading...