Detecting a RANGE

• 07/08/2016 at 6:05 PM #10324
  robertogozzi

  I am trying to figure out how to write a piece of code to detect whether the last, say, 50 bars were in a range of less than 20 pips. In this case I would not enter any trade even if conditions are met.

  I wrote:

  IF range[50] < 20 THEN

  ……

  ENDIF

  But it seems not to work.

  Can anyone help me?  Thank you.

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17618

  Been thanked: 4339 times
  07/09/2016 at 9:07 AM #10338
  Nicolas

  What you need here is to determine the highest high and the lowest low of the last 50 bars, then test if their  difference is more or less 20 pips.

  hh = highest[50](high) ll = lowest[50](low) test = (hh-ll)<20*pipsize

  1 2 3 4

  hh = highest[50](high) ll = lowest[50](low)   test = (hh-ll)<20*pipsize

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20867

  Been thanked: 4783 times
  07/09/2016 at 12:00 PM #10348
  robertogozzi

  Thank you very much Nicolas, that’s exactly what I wanted.

  So what does RANGE[50] do?

  Thanks.

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17618

  Been thanked: 4339 times
  07/09/2016 at 2:21 PM #10365
  Nicolas

  Range returns the range of the selected bar only.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20867

  Been thanked: 4783 times
• Author
  Posts