Hi,
This may be a quick one to answer:
Does ProRealTime look back far enough to identify an all-time-high? I’ve looked back as far as I can go on ProRealTime but the furthest I can go back is 7 years.
If so, I’m looking for an indicator that shows me if a price is getting close to an all-time high. Does anyone have any suggestions?
Many thanks, David.
History depends on instruments. Some of them can go back 20 years ago.. If you can find on other source the most high of all time you can store this value in a variable in the indicator or screener you’d like to code.
Can you tell us the purpose of this request? Maybe I could help much more.
Hi Nicholas,
Many thanks for your reply. I’m basically looking to recreate the exact system Nicholas Darvas used and test it for a year to see what results it generates.
You may be aware, but he waited until a price broke through it’s all-time-high (and through his ‘Darvas’ box) before buying. He felt that the all time high was ideal because there was no set resistance point above it that could bring the price back down.
Any help on identifying this would be great. I’m fairly new to pro-real time but I’ve set it up perfectly for an end-of-day trading system I’ve been following for over a year now. I’m looking to trade my own self-invested Pension on IG.
Regards, David.
There is an indicator in the Library about the Darvas Boxes, you may find it of interest and suits your need : http://www.prorealcode.com/prorealtime-indicators/darvas-boxes/
Thanks Nicolas, they’re now on my chart!