Hello gentlemen,
I want to code this need, but I don’t know how to do it!
My need: I take a simple RSI(14) but I want to check X time by day if the condition is OK or NotOK
Here a drawto show you:
9h00: the indicator check if the conditon is OK until 12h00 (it’s ok for this)
14h00: the indicator check again if the condition is ok until 18h00/ It could be OK or NotOK, whatever it happen (OK or NotOK) between 9h/13h59 (like it’s the begining of the day, minus the timeframe 9h00/13h59)
So, my problem is to “reset” à 14h00 the indicator
Thank you for your help
Have a perfect day
It seems easy to reset a variable to 0 or whatever other value, so I don’t think that’s the main reason of your question? Do you still use the value “ok / not ok” of the morning period but in the afternoon? BTW, would be easier and faster to understand and reply with the code.
Hello Nicolas,
You’re right, it’s better with code 😉
here an example of code I posted few days ago (the logic is the same):
nb = intradaybarindex
atrmax = highest[nb](AverageTrueRange[14](close))
atrmin = lowest[nb](AverageTrueRange[14](close))
middle = ABS((atrmax+atrmin)/2)
return middle
So, this morning, atrmax was 29 in UT1. So no pb for me, the market’spsychology is OK with that ATR. But, during lunch time, it’s not the same thing. And I wanted to “resest” the indicator with atrmax begining at 12h00, not 00h00.
Hope that I explain this clearly 😉
Thank you for your help Nicolas.
Have a perfect day.
If I could code this I’ll do:
If time is between 00h00 and 12h00 then
nb = intradaybarindex
atrmax = highest[nb](AverageTrueRange[14](close))
atrmin = lowest[nb](AverageTrueRange[14](close))
middle = ABS((atrmax+atrmin)/2)
enfif
if the time is between 12h00 and 23h59 then
nb = intradaybarindex (restart at 12h00)
atrmax = highest[nb](AverageTrueRange[14](close))
atrmin = lowest[nb](AverageTrueRange[14](close))
middle = ABS((atrmax+atrmin)/2)
enfif
return middle
So, if the value atrmax is X between 00h00 and 12h00, the code do the formula with X value.
And if the value atrmax is Y between 12h00 and 23h59, the code do the formula with Y value.
This is what you need:
if intradaybarindex=0 or time=120000 then
start=barindex
endif
nb=max(1,barindex-start)
atrmax = highest[nb](AverageTrueRange[14](close))
atrmin = lowest[nb](AverageTrueRange[14](close))
middle = ABS((atrmax+atrmin)/2)
return middle
The period is a subtraction between the current barindex and the one saved when you want the period of calculation to start, at the beginning of the day or at 120000.
Thank you Nicolas for your quick and perfect answer.
Have a perfet day.
