Average Highest Lowest indicator

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts

01/10/2020 at 9:52 AM #116317 quote

Participant

Average

//Average value of Highest Close and Lowest Close

ONCE HighestClose = Close[0]
ONCE HighestMirrorClose = MirrorClose[0]

// Calulate the highest close value
IF Close >= Close[1] THEN
IF Close >= HighestClose THEN
HighestClose = Close
ENDIF
ENDIF

// Calculate the difference between the highest close value and close
DifHighestClose = HighestClose - Close

// Mirror this difference in the highest close value
MirrorClose = HighestClose + DifHighestClose

// Calculate the highest mirror close value

IF MirrorClose >= MirrorClose[1] THEN
IF MirrorClose >= HighestMirrorClose THEN
HighestMirrorClose = MirrorClose
ENDIF
ENDIF

// Mirror or rotate the highest mirror close value in/with the highest close value
LowestClose = HighestClose - (HighestMirrorClose - HighestClose )

// Average of highest close and lowest close
MidHighestLowest = (HighestClose + LowestClose) / 2

DRAWTEXT("O", barindex, close)coloured(0,0,0)

IF Close[0] >= MidHighestLowest THEN
r=0
g=0
b=255
ELSE
r=255
g=0
b=0
ENDIF

RETURN Close coloured(r,g,b), MidHighestLowest

15785822608lcp4.png

15785822608lcp4-1.png

01/10/2020 at 9:57 AM #116368 quote

Nicolas

Keymaster

Legend

Thank you Sever, that visually interesting. I moved your post into the forum to discuss about, could you explain a bit how do you calculate that middle line and how you are using it? It seems to be the middle line of highest/lowest Close but for the whole data available on the chart?

01/10/2020 at 1:12 PM #116391 quote

Sever

Participant

Average

Yes Nicolas, it is the middle line of the highest close and lowest close for the whole data on the chart.

You can use it as buy or sell border, gives also a good long term impression of the price range .

It is most interessant if a price is moving in a range, so you have a good view of the market fluctuations.

If you want you can adapt the code by setting a percentage above or beneath the middle line as buy or stop limit.

Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.

New

Stuck on this ProBuilder code?

Describe what this topic is trying to build, in plain English, and ProRealAI writes the ProRealTime™ indicator, screener or system for you.

Available in 7 languages

Try ProRealAI

Average Highest Lowest indicator

ProBuilder: Indicators & Custom Tools

New Reply

Author

Sever @sever Participant

Summary

This topic contains 2 replies,
has 2 voices, and was last updated by Sever
6 years, 9 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	01/10/2020
Status:	Active
Attachments:	1 files