Climax Indicator

phoenix1914 · 2017-07-03T15:30:02+00:00

Hello all I am new to programming with pro-real code, so I need your help with the below. I try to create an indicator of the buy/sell climax. In theory a buy climax occurs if a stock has a new 52 week high but then closes below previous week’s close. In my first approach to the code I tried to compile only the first part – meaning to check if a stock has a new 52 week high (then I will think the rest). I put the following code. My result is that bclimax is always 0, although I would expect to have 1 also in many days that had high. What am I missing here? IF DHigh(0) > Highest[365] THEN bclimax = 1 ELSE bclimax = 0 ENDIF return bclimax AS "Buy Climax"

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07/03/2017 at 4:30 PM #39709 quote
phoenix1914
Participant

New
Hello all

I am new to programming with pro-real code, so I need your help with the below.

I try to create an indicator of the buy/sell climax. In theory a buy climax occurs if a stock has a new 52 week high but then closes below previous week’s close. In my first approach to the code I tried to compile only the first part – meaning to check if a stock has a new 52 week high (then I will think the rest). I put the following code.

My result is that bclimax is always 0, although I would expect to have 1 also in many days that had high. What am I missing here?
```
IF DHigh(0) > Highest[365] THEN
bclimax = 1
ELSE
bclimax = 0
ENDIF

return bclimax AS "Buy Climax"
```
07/03/2017 at 4:47 PM #39710 quote
Nicolas
Keymaster

Legend
Because you are trying to check a condition that can’t exist. The current High cannot be superior to the Highest high, it is the Highest high 🙂 So you’ll have to check is the current High is above the highest one, 1 bar ago, like in this code:
```
IF DHigh(0) > Highest[365][1] THEN
bclimax = 1
ELSE
bclimax = 0
ENDIF

return bclimax AS "Buy Climax"
```
EDIT: there is no 365 trading days in year. You should adapt this lookback period to get something near the real value.
07/04/2017 at 9:30 AM #39758 quote
phoenix1914
Participant

New
Thank you!!! Also for noticing the 365 – I am so used from calculating interest rates and didn’t even think of it :/

It worked (i think it works at least for now) amending the code as follows – from some sample data looks like it works as expected

Again appreciated
```
IF  DHigh(0) > Highest[260][1] THEN
IF Dclose(0) < Highest[5][1] THEN
bclimax = 1
ELSE
bclimax = 0
ENDIF
ELSE
bclimax=0
ENDIF

return bclimax AS "Buy Climax"
```
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