calculating with time

• 02/21/2018 at 1:41 PM #63390
  odlareg

  Hello all,

  I want to make an indicator which is as follows: (((100- (number of periods since highest high))/100) * 100.

  However, I cannot translate the “number of periods since highest high” to prt code.

  Your help is much appreciated.

  Thank you very much.

  And best wishes,

  Geraldo

   

  

  odlareg

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  02/21/2018 at 4:01 PM #63405
  robertogozzi

  First you have to define the number of previous bars you want to scan to find a “highest high”.

  If you want the highest high of the last 100 bars you may write:

  ONCE LookBack = 100 HighestHigh = -1 HighestBar = 0 FOR i = 0 TO LookBack IF high > HighestHigh THEN HighesetHigh = high HighestBar = i ENDIF NEXT

  1 2 3 4 5 6 7 8 9

  ONCE LookBack = 100 HighestHigh   = -1 HighestBar    = 0 FOR i = 0 TO LookBack    IF high > HighestHigh THEN       HighesetHigh = high   HighestBar   = i    ENDIF NEXT

  At the end of which HighestHigh will hold the highest price found and HighestBar its bar ID, 0 to 100. So if it returns 23 you can reference that cadlestick with [23] (low[23], close[23,….).

   

   

  

  robertogozzi

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