Buying as price crosses previous high

• 02/11/2022 at 1:31 PM #188066
  from8to800

  Hi all,

  I’m trying to program a strategy whereby if a condition for the previous week is true, then I want the system to buy at the market as soon as the current week crosses above the high of the previous week.

  For instance:

  Week #23 = Signal is true

  System buys during week #24, as soon as prices trade above the high of week #23. See attached picture to describe what I mean.

  Currently, the code is buying at market on Week #25. I suspect this is because it only confirms that the high of W#24 is higher than the high of W#23 once W#24 itself is finished, which is too late for what I want.

  Any ideas?

  Thank you.

  

  from8to800

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  02/11/2022 at 4:52 PM #188108
  robertogozzi

  Post your topic in the correct forum:
  _ ProRealTime Platform Support: only platform related issues.
  _ ProOrder: only strategy topics.
  _ ProBuilder: only indicator topics.
  _ ProScreener: only screener topics
  _ General Discussion: any other topics.
  _ Welcome New Members: for new forum members to introduce themselves.

  I moved it from ProBuilder.

  Thank you 🙂

  If you are using a weekly TF, the strategy can only verify that week #24 has broken the prior high (week #23) when week #24 closes, so the trade will open at the beginning of week #25.

  You need to use the MTF (Multiple Time Frame) support to use your strategy on a lower TF, such as daily or hourly. In such case the strategy will still be run at the closing of a bar, but closing daily or hourly (or even less), thus not having to wait a whole week.

  If you search this forum for the word MTF you will be returned many links to code snippets and info on that topic.

   

  

  robertogozzi

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  02/11/2022 at 8:51 PM #188121
  nonetheless

  You can use something like this. The second timeframe can be anything you want (as Roberto said), then just add the rest of your strategy.

  timeframe(weekly, updateonclose) HW = high LW = Low timeframe(15 minutes) cb1 = close crosses over HW cs1 = close crosses under LW

  1 2 3 4 5 6 7

  timeframe(weekly, updateonclose) HW = high LW = Low   timeframe(15 minutes) cb1 = close crosses over HW cs1 = close crosses under LW

   

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  robertogozzi

  

  nonetheless

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