19 Oct 2016
0 comment
0 attachment
This ProBuilder code snippet is designed to identify and plot rectangles representing the high and low price zones between specific times on a tick chart. The rectangles are drawn for the entire history available in the chart data.
defparam drawonlastbaronly=true
start = 090000
end = 091500
tc = time>=start and timeThis code snippet operates by executing several key steps:
- Initialization: The defparam drawonlastbaronly is set to true to ensure that drawing commands are executed only on the last update of the chart, optimizing performance.
- Time Constraints: Variables start and end define the time range within which the highs and lows are to be detected (from 09:00:00 to 09:15:00 in this example).
- Detection of Entry Points: When the current time is within the specified range and it's the first bar of the range, the script initializes or updates variables to store the indices and price values of the bars.
- Tracking Highs and Lows: For each subsequent bar within the time range, the script updates the high and low values if the current bar's prices exceed the previously stored values.
- Rectangle Drawing: Once the last bar update is confirmed and at least two time points are recorded, the script draws rectangles from the start to the end of the detected range, using the recorded high and low values.
This approach is useful for visually analyzing price movements within specific time frames across historical data, aiding in pattern recognition and decision-making processes in trading strategies.
Related Post
Check out this related content for more information:
https://www.prorealcode.com/topic/opr-15-minutes-sur-graphe-100-ticks/#post-214601
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.
Nicolas
Master
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems.
If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
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...